SYDNEY: BHP Billiton said it expects commodity markets to cool further and that investors have lost confidence in the longer-term health of the global economy, in the most cautious comments yet from the world's biggest miner.
BHP also put the brakes on a plan announced by chief executive Marius Kloppers in 2011 to spend US$80bil over five years to expand its iron ore, coal, energy and base metals divisions, banking on continuing high demand from its main market, China.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
