Iron ore holds the line as coal exports flag and LNG fails to fire

“Capital expenditure will peak in fiscal 2013 with no new major projects planned.”

With one crisp bullet point in a presentation, Australia’s largest company, BHP Billiton captured the bleak reality of the end of our fabulous resources boom.

This is the company that sits at the absolute centre of the resources industry, not just in Australia but indeed the world, and so has been at the centre of the boom.

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