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BHP Billiton takes $2.84 billion hit on shale gas asset

MINING.COM Staff Writer | August 03, 2012 | 6:35 am Base Metals Australia Nickel 

Record low gas prices in North America will result in BHP Billiton (NYSE:BHP) taking an impairment of US$2.84 billion (before tax) against the carrying value of the Fayetteville shale gas assets acquired from Chesapeake Energy in February 2011. The company...

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