COMMENT: When super-cycle poster child BHP Billiton trims its plans...

BHP Billiton is one of the poster children for the commodities super-cycle: a mining company whose immense upstream assets in copper and iron ore have fed the industrialisation of China since the early years of the 21st century and enabled it to return $52 billion to shareholders between 2001 and 2011.

Last week the company’s two most senior representatives took to stages 8,500 miles apart to spell out why the £92-billion company is putting the brakes on planned spending.


May 18, 2012

12:01 GMT