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MINER'S RIGHT
Will BHP swap shale for oil?
The biggest question in mining today – what to do with all that spare cash – just got a little trickier as two industry leaders, BHP and Rio Tinto, head into the unchartered waters of having a cash surplus of around US$10 billion, each.
Shareholders won't see a penny from the offloading of BHP's US shale business if it is used in a straight swap for yet more petroleum assets
BHP is the company being watched most closely because it is widely believed to be getting close to selling its ill-fated US shale-oil assets, with investors lining up for a slice of the proceeds that could...
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