-
Back To The Chopping Block For Top Miners, BHP And Rio Tinto
Asset sales and capital returns made the world’s top two mining companies, BHP and Rio Tinto, investment stars until mid-year when trade-war tensions turned them into losers, but a six-month downturn could be ending with a possible re-start of the asset-selling process. Until June both companies had delivered impressive, and almost mirror-image share-price performances, up 175% over the preceding three-and-a-half years. Credit for the price rises was shared by strong profits in iron ore, the major business units of both BHP and Rio Tinto, along with heavy-duty asset disposals that included BHP selling its onshore ... (full story)