Debt burden weighs on major miners

Tim Treadgold
12-Sep-2012
MAIN DRIVER: Failure to share infrastructure may cost Fortescue and BHP Billiton if the iron ore price fails to rebound from current lows, or falls further.
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The poor outlook for the iron ore price may cause some big players to question the wisdom of past decisions.

UNTIL recently, it was impossible to imagine Fortescue Metals Group boss Andrew Forrest and BHP Billiton chief executive Marius Kloppers agreeing on anything; but today, with the iron ore price down sharply, they have something in common to talk about – their reputations.

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Exporters

LabelValue
Rio Tinto$26.13bn
BHP Billiton Iron Ore$20.48bn
North West Shelf Venture$14.92bn
Gold Corporation$6.82bn
Fortescue Metals Group$6.68bn
Others$22.08bn
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