SOUTH AMERICA

Shale helps BHP deliver worst result

BHP Billiton's once unsinkable reputation has again been savaged after delivering a $A8.3 billion loss, its worst result since it was formed in 2001, largely due to its decision to invest heavily in US shale assets, which obliterated more value than the deadly Samarco disaster in Brazil.

Shale helps BHP deliver worst result

While the failure of a tailings dam at the Samarco joint venture killed 19 people and destroyed vast swathed of the surrounding countryside, the shale writedowns inflicted the most pain. Together with...

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