Shares in world’s biggest mining company up after posting better-than-expected results against backdrop of plummeting prices in oil and other commodities
BHP Billiton plans to make further big cuts in spending, blaming a sharp fall in profits on the plummeting price of oil and other commodities.
The world’s biggest mining company said it had cut its original spending plans by 15% to $12.6bn (£8.2bn) for this year and to $10.8bn for the 2016 financial year.