BHP Billiton to Cut down Cost of Iron Ore, Copper & Coal Business

SHANGHAI, Nov.28 (SMM)－Australian mining giant BHP Billiton said on Tuesday, it plans to cut down cost of Australian iron ore, copper and coal business and increase $1.6 billion capacity in future two years. The company keep optimistic about the market, saying iron and raw material price will rebound a lot before February 2018 since buyers need to replenish their stock.

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