Via Reuters:

BHP:

  • Says confident Olympic Dam copper mine can be profitable in future, needs to get costs down
  • Says decision on capital distribution for the board, sticking with dividend policy
  • Says no further investment for metallurgical coal at current returns
  • Sees iron ore supply exceeding demand after the next quarter or two

VALE:

  • Says cheap us shale gas may lead to 15-20 mln tonnes new raw iron output in decad
  • Sees China steel demand to grow 3-6 pct in 2014