BHP Billiton, the world's largest miner, has trimmed its outlook for commodities prices over the next three to five years, a sign that natural resources groups are braced for a lasting impact from the global financial crisis.
BHP Billiton said Wednesday it may sell its 33.3% stake in Guinea Alumina, as its joint-venture partners seek ways to advance a multibillion dollar project to mine and process bauxite in Guinea that has suffered repeated delays.
Stock symbols follow company names. Anglo American Plc (AGL SJ), the diversified miner that makes up more than 7 percent of the index, advanced the most in a day since February, adding 2.9 percent to 271 rand.
Prices of crucial shale gas byproducts, such as ethane and propane, have tumbled to 10-year lows due to booming output, further hurting the profitability of energy companies such as ExxonMobil and BHP Billiton which are already battling with ultra-low ...