'We paid too much': Mackenzie's mea culpa on US shale

By Darren Gray
Updated August 22 2017 - 4:23pm, first published 4:19pm
Iron ore Mount Tom Price, Pilbara, BHP on 13th November, 2001.
THE AGE BUSINESS DIARY Picture by MICHELE MOSSOP.
Iron ore Mount Tom Price, Pilbara, BHP on 13th November, 2001. THE AGE BUSINESS DIARY Picture by MICHELE MOSSOP.

BHP chief executive Andrew Mackenzie has admitted the miner's entry into the onshore US shale industry was poorly timed and it "paid too much" as it revealed plans to sell the controversial assets.

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