They'll hand back more than 175,000 hectares of prime conservation land they have held since 1971 to West Australia, ditching plans to build a bauxite mine and an alumina refinery in the area.
There are a number of challenges South32 is likely to face, including potential Black Economic Empowerment ownership concessions and power price hikes.
In the second half of 2014 the businesses bound for South32 generated $5bn worth of revenue and almost $890m of earnings before interest and tax.
Hindalco Industries Ltd., owned by Indian billionaire Kumar Mangalam Birla, is targeting a record $1 billion of aluminum exports by March 31 buoyed by rising U.S. and European demand, people with knowledge of the matter said.
The waiting game is over. BHP Billiton has named its Perth-based spin-off company, appointing Graham Kerr as its chief executive.
The stock closed in Sydney below the $30 mark, which is the lowest it has traded in the last five years.
The mining giant said it was committed to giving significantly more money back to shareholders in 2015 despite a severe drop in iron ore prices.
Report shows there are 39 assets in production within the Ebola-affected region.
The world's largest miner has stepped up its cost-cutting plans as it battles a sharp slide in iron ore, coal and oil prices.
The two-year investigation concluded that Goldman Sachs, Morgan Stanley and JP Morgan have been manipulating commodity prices.
More may really be better for end users and mining companies when it comes to graphite.
The news comes barely a day after the miner announced it was scrapping the sale of its Nickel West division.
The world’s largest miner is only two weeks away from shedding more light on an upcoming spin-off of unwanted assets.
The move is seen by analysts as an attempt to strengthen the firm’s image.
Total worldwide budget for nonferrous metals exploration dropped to US$11.36 billion in 2014 from US$15.19 billion in 2013 — a 25% decrease.
The LME says its electronic solution for the platinum and palladium price — LMEbullion — could benefit gold bugs.
The mining giant has made a sharp U-turn on its initial decision to snub a London listing for its $17 billion spinoff.
More than 100 objects, including solid gold jewellery, arm bands and silver ingots are part of the trove, one of the largest discoveries of Viking treasure in Scotland.
Anglo's chief warned the company plans to take severe measures over the next two years.
Nickel is present in over 3000 different alloys that are used in over 300,000 products for consumer, industrial, military, transport/aerospace, marine and architectural applications.
Deutsche Bank warned Friday that gold producers are the most vulnerable to a further spread of the deadly disease.
This is the first fee hike since Hong Kong Exchanges & Clearing Ltd. acquired LME for $2.2 billion in 2012.
New company would still have its primary listing in Australia, with secondary listings in South Africa and the UK.
China’s Shandong Xinfa Aluminum & Electricity Group is in talks with Guinea to invest $14 billion in a bauxite project abandoned by BHP Billiton said a government official with knowledge of the matter.
A big corporate break-up à la BHP Billiton is definitively not in his books, he told FT.com.
Around 15,000 of the total 55,000 licences in effect risk fines and even losing all privileges over the land.
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