Summary: BHP Billiton is reducing costs and becoming more productive as the iron ore boom turns to weakness. The miner’s copper, oil and gas and potash operations are also set to reap rewards. The leaner BHP will be profitable despite low prices.
Key take-out: BHP is focused on maximising returns rather than growth. The company hopes to offer a yield of about 5% over the next decade.
Key beneficiaries: General investors. Category: Shares.