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BHP admits that dividend pledges and mining do not mix

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BHP Billiton has slashed cash returns to shareholders and followed rival Rio Tinto in scrapping a progressive policy.

Hong Kong

BHP Billiton has accepted that dividend pledges and natural resources do not mix. The world's largest miner has slashed cash returns to shareholders and followed rival Rio Tinto in scrapping a "progressive" policy. It is about time. Promising that payouts will only increase or

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