BHP Billiton outlines plans to cut costs further
Sydney
BHP Billiton on Monday outlined plans to cut costs further as the world's biggest miner battles falling commodity prices, pointing to its planned demerger as helping to drive productivity gains.
The Anglo-Australian resources group is aiming to simplify and strengthen its business, and said it was looking to save US$4 billion a year in running costs - US$500 million more than previously flagged - by the end of the 2017 financial year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
India's Vedanta misses Q4 profit estimates on lower prices
BHP targets Anglo American in bid valuing miner at US$39 billion
China's Sinopec charts global expansion with refinery in rival India's backyard
Gold trades in tight range as market focuses on US economic data
Oil settles lower as US business activity cools, concerns over Middle East ease
Orsted says Taiwan wind project to power TSMC on track for 2025 finish