BHP sets its market cement

The closure of BHP's Norwich Park mine is an important signal of the company's patience and cautiousness in its quest to solidify its position as the major global supplier of coking coal.

The shut down of the Norwich Park mine by BHP Billiton-Mitsubishi Alliance is an important signal that BHP is sending to both its unions and the markets. BHP is becoming apprehensive about the size of its expansion at a time of possible global slowdown, and so it's time to underline that it is not in the business of running high-cost operations.

BHP is very bullish about the long-term coking coal market and it wants to cement its position as the major global supplier of coking coal.

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