BHP Billiton may shelve diamond mining for at least two decades to concentrate on larger aspects of its business, CEO Marius Kloppers said today.
BHP Billiton Ltd., the largest mining company, may consider selling about $10 billion of aluminum, nickel and coal mines and smelters as it trims its portfolio, Deutsche Bank AG said.
The world’s biggest miner, BHP Billiton (Hamburg: BHP1.HM – news), said Wednesday the planned blockbuster merger between Glencore and Xstrata (Dusseldorf: XTR.DU – news) would not impact on its strategy.
BHP Billiton Ltd. (BHP) is close to striking a A$3.5 billion deal with the government of Gabon over the Belinga iron ore project, which is said to contain about 4 billion metric tons of ore, the Australian newspaper reported Wednesday without citing a source for the information.
BHP Billiton raked in US$18.7 billion in the half-year ended December 31, 2011 — an 8.3% increase in Underlying EBITDA from the second half of 2010.
The CFMEU has vowed to continue rolling strikes at BMA’s coal mines in the Bowen Basin. It comes after the mining unions and BHP Billiton, the joint venture operator of BMA coal mines, believed they had taken a step forward in negotiations.
Peregrine Diamonds Ltd. (“Peregrine” or “the Company”) (TSX:PGD) is pleased to report that it has completed the purchase of BHP Billiton’s 51 percent participating interest in the 8,580 square kilometre Chidliak diamond project (“Chidliak” or “the Project”), Baffin Island, Nunavut, Canada that was announced on December 20, 2011.
BHP Billiton (NYSE:BHP) has approved close to a billion dollars to construct a new port facility in Western Australia.
BHP Billiton Ltd., the world’s largest mining company and the fourth-largest nickel producer, announced today that is decreasing mining operations at its West Australian locations by 30 percent.
BHP Billiton Limited (ASX:BHP) said Wednesday that it is selling its 37% non-operated interest in South African mineral sands venture Richards Bay Minerals to partner Rio Tinto PLC (LON:RIO). With this move, BHP is officially leaving the titanium minerals industry.
BHP Billiton Ltd. plans to halt bauxite exploration at its Boffa-Santou-Houda site in Guinea, the world’s biggest exporter of the ore, after prices for aluminum dropped, said Jean-Francois David, the company’s president in the West African nation.
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