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BHP Billiton's Chief Executive Steps Down Following Huge Profit Loss

metals_minerals

Industry Segment: Metals & Minerals | Word Count: 392 Words

PERTH, AUSTRALIA--February 27, 2013--Researched by Industrial Info Resources Australia (Perth)--BHP Billiton (NYSE:BHP) (London, England) Chief Executive Marius Kloppers is stepping down following an announcement that the world's biggest mining company suffered a 58% fall in half-year profit. The recent announcement came as the company posted a profit of $4.24 billion. The drop is due to a weak dollar and decreased commodity prices.

Other companies featured: Potash Corporation of Saskatchewan (NYSE:POT), Rio Tinto Group (NYSE:RIO), BP plc (NYSE:BP)


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