BHP Billiton Limited (ASX:BHP), (NYSE:BHP) expects coking coal to be more scarce than iron ore over the next decade, according to the Dow Jones Newswires.
BHP’s Marcus Randolph, speaking at the World Steel Association Conference said the miner is more bearish about iron ore than coking coal, believing that between now and 2020 there’s going to be more iron ore supply coming onto the market than coking coal.
In the 2011 financial year BHP Billiton reported a record net profit of $22.3 billion.
