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Don't expect any share buybacks from BHP Billiton (BHP), CEO Marius Kloppers says on today's...

Don't expect any share buybacks from BHP Billiton (BHP), CEO Marius Kloppers says on today's earnings call, noting its $12.1B acquisition of Petrohawk Energy (HK) will absorb any extra cash. Rival Rio Tinto (RIO) boosted its buyback to $7B from $5B earlier this month, but Kloppers says BHP is prioritizing volume growth and dividends.
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