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BHP Billiton strikes back

BHP Billiton CEO Andrew Mackenzie has taken a swipe at claims his company and Rio Tinto were responsible for an iron ore supply glut that was forcing rivals to the wall.

Unveiling a nine-month operational update that showed BHPB was now producing iron ore at a rock bottom unit cost of US$20 per tonne, Mackenzie said: “Over the last decade, China’s unprecedented demand