Actionable news
0
All posts from Actionable news
Actionable news in XOM: EXXON MOBIL CORPORATION,

BHP Billiton Set to Boost Production Despite Weak Prices

BHP Billiton Chief Executive Andrew Mackenzie. At an investor conference on Tuesday, he announced investment...

LONDON—Mining giant BHP Billiton Ltd. plans to forge ahead with investments to boost production, particularly in copper and energy, despite a continuing rout in commodities prices.

In a presentation to investors on Tuesday, BHP outlined a plan to boost its current production by more than 10%, by investing in existing operations. It said the development will cost less than $1.5 billion over a five-year period. Investments are forecast to earn average returns of about 60% based on current analyst consensus price forecasts.

“We are not waiting for prices to...


More