Mining giant BHP Billiton reported a 30 per cent drop in full-year profits, with the company saying it had dodged a bullet on a damaging acquisition due to Canadian politics.
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BHP dividend to rise despite profit fall
Analysts are predicting BHP Billiton will increase its dividend payout at its annual result even as its profit takes a sharp hit.
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BHP warns Australian resources at risk as competition grows
BHP boss Andrew Mackenzie said demand for Australian resources will continue, but warned the nation will lose its competitive edge if workplace relations, tax regimes, and red tape are not fixed.
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BHP chief’s pay 200 times the average Australian
BHP Billiton chief’s pay packet is 200 times more than the average Australian.
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BHP confident Chinese growth will persist
BHP Billiton chief executive Andrew Mackenzie is confident China’s new economic policies will rebalance the country’s commodity demand, positioning it for sustained long term growth.
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BHP projects in doubt after CEO’s comments
There is uncertainty over whether BHP Billiton will proceed with its last remaining planned expansion projects after comments from newly appointed chief executive Andrew Mackenzie.
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BHP follows in Rio’s belt tightening footsteps
The new heads of mining are embarking on a new era of slashing costs with BHP now joining in, moving to cut spending by 18 per cent in the 2014 budget.
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BHP chief flags productivity push
BHP’s new chief Andrew Mackenzie formally takes the reigns today, announcing new austerity measures for the global miner which will see increased productivity and less investment.
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