Mackenzie flags BHP buybacks

Chief executive says shareholder returns in focus when debt eases to $US25bn.

BHP Billiton (BHP) chief executive Andrew Mackenzie has moved to reassure investors that a plunge in the iron ore price won’t hinder the miner’s aim to increase shareholder rewards.

Speaking to The Sunday Times of London, Mr Mackenzie said the miner first wants to see its net debt come down to $US25 billion ($A27.8bn).

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