With the deal, the Swiss group is only a step away from meeting chief executive Ivan Glasenberg’s target of $5bn in assets sales this year.
Australia Mining News
IHC Robbins is long established in Brisbane and provides clients in the heavy minerals mining and processing sector with metallurgical testwork, practical engineering and specialized equipment. The company is now further strengthening its position on the West Coast through its appointment of Mr Greg Jones.
Smaller rival Fortescue Metals went the opposite way — it increased iron ore exports by 5% in the Sep. quarter.
He said he had intended to announce his retirement last year but chose to stay on while BHP dealt with the aftermath of the Samarco mine disaster in Brazil.
CAT said it remains committed to existing customers.
Outside the meeting, a street theatre re-enactment of the destruction of the Doce River in Minas Gerais, Brazil, was accompanied by testimonials from frontline visitors affected by the company’s operations in Brazil, Colombia and Indonesia.
"We challenge dated stereotypes about jobs in the resources industry.”
BHP is not the first major player to flag green shoots in the mining industry. Caterpillar, the world's largest heavy machinery maker, said the same last month.
The last time prices for the commodity were this high was in 2012.
The company was ordered to pay $8 million in legal fees and costs to the Salvadoran government.
Jim Umpleby, group president for energy and transportation, will succeed Oberhelman as chief executive.
Small but growing Australian gold producer Evolution Mining (ASX:EVN) has taken a bite out of its much larger, dual-listed rival, Newcrest Mining (ASX:NCM, TSX:NM)
Western Australia, which hosts the Pilbara iron ore belt, has a 67% chance of getting more than the average 11 tropical cyclones from November to April.
Newmont is interested in buying Barrick Gold’s half of the Kalgoorlie Super Pit "at the right price."
"I'm a mining engineer so I always like to see the equipment. That's always fun to get out and see, and especially how technology is being applied."
The move comes about 17 months after her children — John Hancock and Bianca Rinehart — won control of the family fund.
The assays result ranged from 347ppm to 1000ppm Li, the highest values received to date from the project.
SolGold says BHP Billiton's offer not in its best interest.
Aura Energy has set its hopes on a gold deposit next to its uranium Tiris project in Mauritania.
Debt refinancing provides big boost for ramp-up and development of Beta Hunt gold mine in Western Australia acquired in May.
While met coal is clearly the star performer, thermal coal is probably the biggest upset – seaborne prices have jumped 65% in 2016 to above $80 a tonne.
Thrasher's Xcoal and private equity firm Apollo said to be in exclusive talks to buy Anglo American's mines in Queensland amid coking coal price surge.
140 workers remain on strike.
In the absence of a superior bid Bradken’s board has unanimously recommended shareholders to support the deal.
CMOC bought Fosfatos Brasil Limitada and Nióbio Brasil Limitada for US$1.7 billion.