ONE of BHP Billiton's biggest and most influential shareholders has accused the company of keeping investors in the dark over its $US20 billion push into shale gas.
Global investment group BlackRock - one of the world's biggest investors in the mining and resources sector - warned yesterday that the market would remain cautious towards BHP until the company better explained why it had moved so aggressively into the controversial shale scene.
Speaking in Melbourne, BlackRock managing director Evy Hambro said the lack of clarity over BHP's shale ambitions and a paucity of capital returns to shareholders had helped quell investor enthusiasm for the global miner.
Sydney Morning Herald
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