Rio versus BHP boils down to investors’ choice of commodity

September 6, 2016

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The backgrounds of the leaders of the world’s top mining companies illustrate the choice facing investors, with BHP Billiton’s chief executive having worked in the oil industry and Rio Tinto’s new boss more focused on copper. After aggressive cost-cutting and asset sales to drive down debt, the two mining giants are positioning themselves to capture growth as commodity markets begin to recover from a crash that dented company balance sheets.

Category: General