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BHP Billiton sees weakness in commodities demand

Posted on 27 November 2008

From Reuters: Top global miner BHP Billiton, which scrapped a bid for rival Rio Tinto Ltd, expects a 17 percent fall in Chinese steel production, BHP told a shareholders meeting on Thursday.

BHP also forecast continued weakness in commodities and said it would respond it any of its operations were to lose cash. BHP declared the bid officially had lapsed on Thursday, after the European Commission closed its investigation on the deal, first proposed a year ago….. Full Article: Source


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