CAPITAL MARKETS

BHP still a buy, but earnings to drop

ABN Amro has lowered its estimates for BHP Billiton’s earnings over the next few years as commodity prices weaken for the miner’s key earners, coal and iron ore.

Kate Haycock

BHP still a buy, but earnings to drop

The bank has downgraded its price assumptions for iron ore and coal, saying it expects iron ore prices to tumble 25% – compared to its previous view that iron ore contract prices would 10% in 2009. ABN...

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