BHP Billiton cuts 2016 spending, iron ore cost forecast
LONDON, May 12 (Reuters) - BHP Billiton , the world's largest mining company, said on Tuesday it would cut its capital and exploration expenditure to $9 billion in the 2016 financial year from $12.6 billion in 2015.
The Anglo-Australian mining company also said it expected to reduce iron ore unit costs at its Western Australia operations by 21 percent to $16 per tonne in the 2016 financial year.
(Reporting by Silvia Antonioli; Editing by Mark Potter)
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