These Miners Are Decliners

Down under in Australia, new BHP Billiton (NYSE: BHP  ) CEO Andrew Mackenzie has just laid out a plan to cut capital spending "quite significantly" over the next few years. BHP's capital investment will drop from $22 billion to $18 billion in 2014 -- and then keep falling.

According to Mackenzie, this reduced spending on capex is going to release a gusher of free cash flow at the company. But what does it mean for other companies that sell to BHP? Listen in, as Fool.com contributor Rich Smith explains...

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  • Report this Comment On May 20, 2013, at 4:01 PM, futurone2000 wrote:

    Didn't Terex sell is mining division?

  • Report this Comment On May 20, 2013, at 4:23 PM, TMFDitty wrote:

    In 2010, yes, to Bucyrus. Then Caterpillar bought Bucyrus a year later. But Terex still sells some equipment used in mining applications in its materials processing division.

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