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BHP axes coal costs, fuels aluminum writedown speculation

Cecilia Jamasmie | January 23, 2013 | 2:46 pm Base Metals Energy Top Companies Asia Australia Canada China Europe Latin America Aluminum Coal Iron Ore 

Feeding mounting speculation of possible asset writedowns, world’s No.1 miner, BHP Billiton (ASX,NYSE:BHP), said Wednesday its aluminum and nickel businesses continue to face major challenges. In its half-year production update, BHP blamed the strong Australian dollar and “weak pricing environment”...

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