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BHP Billiton sees weak global economy in near term
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Reportedly, BHP Billiton, the world’s mining giant indicated that the global economy would still remain weak in the near term; furthermore, the growth of global economy might slow down in the long term.
Mr. Jac Nasser, the chairman of BHP Billiton expressed the point of view during a business meeting that even the global economy has been recovering; it is still fragile due to the high unemployment rate and inflation.
Also, he added that the industries should have the plan to react to the declining economy.
Meanwhile, BHP Billiton has planned to invest US$ 80 billion over five years to expand the production of iron ore, coal and copper to meet rising demand from Asia.
News Date
5/17/2011 3:05:44 PM
reported by
Adam Chen
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