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CNBC reported BHP Billiton (NYSE:BHP,ASX:BHP) delayed its Olympic Dam mine after a 35 percent drop in profits.
CNBC reported BHP Billiton (NYSE:BHP,ASX:BHP) delayed its Olympic Dam mine after a 35 percent drop in profits.
As quoted in the market news:
BHP reported its first annual profit fall in three years in the face of rising costs and falling commodity prices, wrapping up a torrid earnings season for the world’s biggest miners.
They were all battered by weaker prices for iron ore, copper, coal, nickel and aluminium as economic growth in big-buyer China slows to its weakest pace in a decade.
Click here to read the full CNBC report.
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