Mining giant BHP Billiton on Monday said any potential benefits of implementing a proposal tabled by minority shareholders Elliott Associates and Elliott International would be significantly overshadowed by the costs and associated risks of the suggested changes. The fund manager earlier on Monday presented a proposal outlining changes to the diversified miner’s dual-listed company (DLC) structure, asset portfolio and capital management, which BHP believed could put at risk the foundations already laid for substantial growth within the base value of its operations.
