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BHP Billiton Iron Ore president Jimmy Wilson (left) and Regional Development Minister Terry Redman inspect the Newman town centre development site. Photo: Aaron Bunch

Newman retail alliance causes stir

A $70 million property development planned for the Pilbara mining town of Newman has brought together a couple of unlikely bedfellows and, in the process, created uncertainty for some existing retailers.

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Newman
Shops are empty because rents are to high Mr Hooper

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BHP Billiton (BHP)

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Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
210thBHP Billiton52%8%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
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