BHP Billiton Limited’s
(ASX:BHP) CEO Marius Kloppers is reportedly considering diverting funds away from iron ore mining on the back of softening prices.
The global miner’s chief says BHP does not want to be known for iron ore only and will consider further expanding potash, petroleum, gas and copper portfolios.
Mr Kloppers last night advised European investors that it is unwise to make further investment in Australia’s coal industry due to the Gillard government’s
Mineral Resource Rent Tax and Carbon Pollution Reduction Scheme.
BHP reported this week its net profit has dropped 35 per cent to $15.2 billion in the 2012 financial year.
