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Commodities Briefing - Categorized | Commodity Crisis, Market Moves more

BHP down 57% in commodities slump

Posted on 05 February 2009

From News.com.au: BHP Billiton boss Marius Kloppers issued his starkest warning yet to investors yesterday: The end of the commodities slump is nowhere in sight.

His bleak prognosis came as BHP unveiled a bigger-than-expected 57 per cent drop in profit for the first half of 2008-09, dragged down by billions of dollars in one-off costs including the closure of the Ravensthorpe nickel mine in Western Australia following a sharp slide in prices for the base metal. …. Full Article: Source


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