The stock closed in Sydney below the $30 mark, which is the lowest it has traded in the last five years.
South Mining News
The world's largest miner has stepped up its cost-cutting plans as it battles a sharp slide in iron ore, coal and oil prices.
The world’s largest miner is only two weeks away from shedding more light on an upcoming spin-off of unwanted assets.
The mining giant has made a sharp U-turn on its initial decision to snub a London listing for its $17 billion spinoff.
New company would still have its primary listing in Australia, with secondary listings in South Africa and the UK.
As BHP considers the sale of almost all of the businesses that Billiton brought to the 2001 merger deal, experts say the firm is likely to end up leaving London.
World's largest mining company said to be unloading all of the non-core units acquired after the merger with Billiton 13 years ago.
The mining giant believes demand for coal to keep growing over the next 20 years, driven mainly by China and India.
The separate company would be listed on the London Stock Exchange, as well as the Australian and South African markets.