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MINER'S RIGHT
Big Oil mulls return to mining
BHP is not alone in hunting “forward looking minerals”, the favorite phrase of the company’s chief executive, Mike Henry, as he plots a course away from one of yesterday’s favorites, coal, and perhaps away from another of BHP’s preferred commodities, oil.
While he looks for ways to invest BHP's massive cash flows from iron ore Henry, and other mining company chief executives, might soon discover that there are major new competitors also exploring for opportunities...
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