AUSTRALIA

Petroleum spills into BHP vs Rio debate

THE considerable petroleum division of the leaner, post-merger BHP Billiton is expected to help it further stand out from its Pilbara iron ore rival Rio Tinto.

Petroleum spills into BHP vs Rio debate

"The proposed spin-off appears to largely achieve management's goals of turning BHP into both a higher margin and higher return business, offering competitive cost curve positions and long resource lives,"...

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