BHP Billiton chairman Jac Nasser says he does not expect any
significant increase in iron ore prices soon, following a year of heavy falls
in Australia's biggest export earner.
He also told shareholders at the company's annual general
meeting in Sydney that China's growth rate would not continue at the same pace,
but that was expected.
A more sustainable rate would follow in line with how other
major economies have developed.
Chief executive Marius Kloppers told the AGM that BHP was
investing through the cycle to prepare for a future when China was interested
in consumer goods more than iron ore and steel for its new cities and
buildings.
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