Andrew MacKenzie News
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Rio Tinto Group, the world’s second- biggest mining company, is on track to cut $2 billion in costs this year across its mining and corporate offices, joining BHP Billiton Ltd. and Vale SA in trimming spending.
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BHP Billiton Ltd., the world’s largest mining company, is targeting an 18 percent cut to capital spending in fiscal 2014 as part of a drive to boost returns from investment.
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Mining companies led by BHP Billiton Ltd. are holding the biggest ever sale of assets this year just as commodity prices head into a bear market. What’s bad timing for the miners might be the opposite for private equity.
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BHP Billiton Ltd., the world’s largest mining company, named diamond unit president Tim Cutt to succeed the retiring Michael Yeager as head of its petroleum division as part of a senior management shakeup.
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BHP Billiton Ltd., the world’s biggest mining company, named copper unit head Andrew Mackenzie as chief executive officer to succeed Marius Kloppers, who failed to deliver on about $200 billion of potential takeovers.
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Asian stocks fell, with the regional benchmark index set for its biggest drop in a month, led by mining companies as commodities slumped on concern weaker global economic growth will crimp demand for raw materials.
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BHP Billiton Ltd., the world’s biggest mining company, said an expected slowdown in demand for minerals over the next five years makes cutting costs and boosting productivity a priority.
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BHP Billiton Ltd., the world’s biggest mining company, said a slowdown in demand for minerals over the next five years makes cutting costs and boosting productivity a priority.
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BHP Billiton Ltd., the biggest mining company, said the shale boom in the U.S. will spur an industrial revival and transform the world’s largest economy.
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BHP Billiton Ltd., the world’s biggest mining company, expects annual economic growth in China to moderate toward 6 percent, saying prospects in its largest customer present its main business risk.
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