"We think there are 10,000 more years of minerals left for civilization," said Andrew McKenzie, a geologist and BHP Billiton PLC's chief executive for nonferrous metals. "Civilization will change, of course, and there will be different minerals ...
2 BG Group plc Natural Gas 3 Vodafone Group plc Telecommunications 4 Baidu, Inc Chinese Internet Firm 5 Amazon.com Inc Retail 6 AstraZeneca plc Pharmaceuticals 7 Rio Tinto plc Mining 8 BP plc 9 British American Tobacco plc 10 BHP Billiton Mining
Rio and BHP Billiton Ltd. are weighing a sale of their respective diamond interests as commodity prices decline and the companies turn their attention to investing in other materials such as iron ore and copper.
Marius Kloppers, chief executive at BHP Billiton plc (ADR) (NYSE:BBL), the world's biggest mining company, has admitted that expansion plans are looking more and more risky, keeping in mind the current economic uncertainty.
Rio Tinto Group and BHP Billiton Ltd. are seeking to sell their diamond assets. Rio said in March 27 it was considering selling the business as the mines in Canada, Australia and Zimbabwe no longer fit its strategy.