Original article by Matt Chambers
The Australian – Page: 20 : 17-May-18
BHP Billiton CEO Andrew Mackenzie has told a conference in the US that the group’s debt is now within its target range of $US10bn to $US15bn, compared with $US15.4bn at the end of 2017. He also flagged further capital returns to shareholders and said BHP has a range of growth options that could potentially add value to the tune of $US15bn. Meanwhile, Rio Tinto CEO Jean-Sebastien Jacques has told the conference that the resources giant may use some excess cash to finance acquisitions rather than return it to shareholders.
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, BANK OF AMERICA CORPORATION, MERRILL LYNCH AND COMPANY INCORPORATED