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Will BHP swap shale for oil?

The biggest question in mining today – what to do with all that spare cash – just got a little trickier as two industry leaders, BHP and Rio Tinto, head into the unchartered waters of having a cash surplus of around US$10 billion, each.

Will BHP swap shale for oil? Will BHP swap shale for oil? Will BHP swap shale for oil? Will BHP swap shale for oil? Will BHP swap shale for oil?

Shareholders won't see a penny from the offloading of BHP's US shale business if it is used in a straight swap for yet more petroleum assets

BHP is the company being watched most closely because it is widely believed to be getting close to selling its ill-fated US shale-oil assets, with investors lining up for a slice of the procee...