CAPITAL MARKETS

Escondida an expensive lesson: Kloppers

BHP Billiton boss Marius Kloppers is keen to not repeat the expensive gamble it made at its mighty Escondida copper mine during the height of the GFC and instead will focus on measured growth, particularly when it comes to copper, potash and shale gas opportunities.

MiningNews.Net
Escondida an expensive lesson: Kloppers

Speaking to analysts after handing down a whopping and better-than-expected $US23.64 billion ($A22.61 billion) profit for 2010-11 yesterday, Kloppers acknowledged that a decision to scale back expenditure...

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