BHP Will Write Down U.S. Shale Business On Costs

BHP Billiton (BHP) said it will likely write down its onshore business in the U.S. after developing part of the Eagle Ford was too expensive. The U.K-Australian mining giant said it would take a $2 billion charge, with most of it related to the gas-focused Hawkville field in the Eagle Ford. The total charge could reach up to $2.8 billion, before tax. Shares were flat in the stock market today. "While the impairment of the Hawkville is

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