registered a 6 per cent increase in its iron ore production to 81.
With the completion of this transaction, BHP
Billiton Petroleum is on track to deliver compound annual growth in production volumes of ten percent for the remainder of the decade.
6 HDi Active EGC, pounds 799, Diesel, 110 BHP
, 57mpg, 129 g/km D, 12 months pounds 0.
, conceding defeat for the third straight time on a major proposed acquisition, signalled with its revived share buyback that it had limited opportunities for other big buys.
The deal's long-expected demise marks the second failed attempt in three years by BHP
CEO Marius Kloppers to buy into Rio's superior iron ore assets and strengthens the hand of steel mills, which had feared the pair would gain too much pricing control.
The fields will also produce 170 MCF/d of associated gas, but BHP
and Agip will not have access to this other than the fuel needs of the oil production stream.
Billiton announced details of the demerger in a move designed to maximise the potential of the steel operation.
He added: ``BHP
Steel will be able to pursue and capture market opportunities and ensure its long-term competitiveness in a way that would not have been possible if it had remained part of BHP
Just as CVRD's buying Ferteco kept BHP
out of the Brazilian market, so did its deal with Mitsui for co-control of Caemi," says Roberto A.
2-litre 55 bhp
E and rise to pounds 10,090 for the five door S A/C.
To enhance efficiency and productivity, BHP
decided to eliminate some administrative functions previously performed on a centralized basis.
Billiton Group (BHP
Billiton) is a diversified natural resources group engaged in mineral exploration and production.