Original article by Matthew Smith
The Australian Financial Review – Page: 8 : 15-May-15

Aberdeen Asset Management’s Robert Penaloza has retained overweight positions in BHP Billiton and Rio Tinto, despite the sharp decline in the iron ore price. The head of Australian equities has been actively buying BHP shares since mid-April 2015, and he may continue to buy shares in both of the resources giants. Penaloza notes that their low production costs means BHP and Rio are very resilient when commodities are both rising and falling.

CORPORATES
ABERDEEN ASSET MANAGEMENT LIMITED, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, AUSTRALIA. DEPT OF THE TREASURY