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Mining giant BHP Billiton expects to book a $7. 2bn (£5m) impairment charge on the value of its onshore US assets in its half-year results due to the steep drop in oil prices.
BHP Billiton has announced a multi-billion-dollar writedown of its US assets as the commodities giant struggles with plummeting prices. The company could be forced to halve its dividend to weather the storm in the commodities sector, blamed “significant volatility and much weaker prices” in the oil and gas industry. - The Daily Telegraph.
