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BHP plunges into the red with $6.4bn loss

One of the world’s largest mining companies BHP Billiton has posted a $6.4-billion full-year loss on weaker commodity prices, offshore US assets impairments and the Samarco dam failure. Speaking to journalists during a global conference call on Tuesday, CEO Andrew Mackenzie said the  financial year ended June 30 was riddled with challenges; however, the company expected to recover somewhat in the 2017 financial year.