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Commodities Briefing - Categorized | Financial, Investment, Metals and Minerals more

$200bln capex ambition of mining majors under spotlight

Posted on 28 May 2012

The great China-led economic supercycle that has been boosting global economies for a decade is falling below its expected trajectory, which is giving rise to questions regarding super- cycle slippage and demise.
First to counteract the changing paradigm by publicly reining in its well-publicised capital project growth ambitions is the world’s biggest mining company, BHP Billiton. In quick succession, Billiton CEO Marius Kloppers put the amber light on iron-ore growth investment and BHP Billiton chairperson Jac Nasser spoke of the investment climate having changed since the company announced that it would be spending $80-billion on project growth by 2015………………………………………..Full Article: Source

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