Why BHP has turned to shit

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BHP is turning to shit (well, fertiliser), from BS:

Global mining giant BHP Billiton is likely to raise the profile of fertilisers among its suite of products as it hunts for resources to tap longer-term growth in China.

The Anglo-Australian miner said that it is focusing on potash as an area of strategic growth in China, adding to four key markets — iron ore, oil and natural gas, copper and coal –t hat the company had identified earlier this year as a slimmed-down slate designed to help BHP concentrate on getting better returns for investors.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.