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BHP’s Spence copper mine

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1BHP’s Spence copper mine Empty BHP’s Spence copper mine on Wed Mar 11, 2015 2:18 am


BHP’s Spence copper mine in northern Chile.Mining giant?BHP Billiton?(ASX, NYSE:BHP) (LON:BLT)?warned Monday of further cuts to capital expenditure and a major shake-up of its senior management in the of its demerger plans, as the company moves to lower costs amid weak commodity prices.
In the much-anticipated markets briefing, the world’s largest miner by market value said it would trim spending by $1bn to $13bn in the 2016 financial year, potentially creating more cash for shareholder returns.

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