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RPT-BHP CEO Sees High Iron Ore Price for Up To 2 Years
Feb. 21, 2011 08:43AM PST
Base Metals Investing
Reuters Africa reported that BHP Billiton’s (NYSE:BHP) CEO believes iron ore prices will stay high for up to two years.
Reuters Africa reported that BHP Billiton’s (NYSE:BHP) CEO believes iron ore prices will stay high for up to two years.
The market news is quoted as saying:
BHP announced this week it would spend $80 billion on mine developments and expansions over the next five years, and Kloppers said based on expected returns on those projects, it should be able to post compound growth of 5-6 percent a year for “many many years”.