.
BHP Billiton Limited (ASX:BHP) boss Andrew Mackenzie is confident China's new leadership is re-balancing the economy and that demand for commodities will be sustained in the long term.
Mr Mackenzie says BHP is positive enough about growth in its iron ore, coal, petroleum and copper pillars with the possibility of a fifth one being potash.
Mr Mackenzie, who travelled to the UK from China, says he met with the Chinese Premier who was reassuring about the demand for resources.
The new chief executive recently outlined plans to cut BHP's capital spending by a fifth, to $US18 billion by 2014, from a peak of $US22 billion this financial year.
He says the company now wants to cut capital spending to $US15 billion in two to three year's time.
BHP generated a net profit $4.1 billion in the first half of the current financial year.
- Forums
- ASX - By Stock
- BHP
- News: BHP confident on China
News: BHP confident on China
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BHP (ASX) to my watchlist
|
|||||
Last
$40.94 |
Change
0.060(0.15%) |
Mkt cap ! $208.2B |
Open | High | Low | Value | Volume |
$41.13 | $41.24 | $40.86 | $262.2M | 6.390M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 16 | $40.93 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$40.94 | 28964 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 2023 | 45.070 |
2 | 2414 | 44.010 |
3 | 16195 | 43.840 |
1 | 2 | 43.460 |
1 | 8545 | 43.440 |
Price($) | Vol. | No. |
---|---|---|
36.880 | 6653 | 2 |
36.890 | 89462 | 1 |
37.910 | 4087 | 1 |
38.110 | 4676 | 1 |
38.120 | 29 | 1 |
Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
Featured News
BHP (ASX) Chart |
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online