One of the world’s largest resource investment managers, BlackRock, has accused
BHP Billiton of keeping its investors in the dark over its $19 billion move into
shale gas.
BlackRock managing director Evy Hambro told a Melbourne
audience yesterday investors were wary of BHP because of the lack of clarity it
had provided about the move.
“They’ve now embarked on a relatively aggressive [push] into
a commodity that no one knew they liked, and until they are able to educate
investors as to the reasons why they have gone and done these transactions there
are going to be some question marks around the use of that capital,” he
said.
Australian Mining
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