Activist investor Elliott's proposals to break up BHP are riddled with “major flaws” and could end up costing far more to implement than they would save, the company said.
Australia Mining News
The commodity is now trading below $70 a tonne and has just suffered its largest one-day percentage decline in over a year.
Australian explorer, Emu NL, provides the following update on its drilling program on the Company’s Vidalita project in northern Chile.
South32 and GE today announced the signing of a three-year strategic partnership to assist in the development of South32’s technology roadmap and activation of the Company’s digital transformation.
Analysts expect BHP to argue that a demerged petroleum business would need to fund offshore growth projects by raising debt. It may also contend that a stand-alone division won’t have the same ability to defer production until oil prices improve.
With 2,400 listed companies and a market cap of $20 trillion, the NYSE is the biggest exchange in the world. But how do other exchanges compare?
Coking coal price has doubled in two weeks – storm damage to rail lines could affect Australian exports for another four weeks.
After a 85% rise in 2016, iron ore prices are now down 3.2% so far this year, which has placed the commodity in a bear market.
Shipments will start almost nearly three years after the two countries signed an export deal for peaceful power generation.
Company says the associated risks of spinning off about $22 billion of its US oil assets and listing them in New York would significantly outweigh any potential benefits.
2016 highlights: a year of breakthroughs and setbacks
By the end of 2017, Yancoal Australia may become one of the top three coal producers in this country.
Coking coal prices gained 86% to $283.10 a tonne this week, the biggest gain in four years.
Ore with 62% content in Qingdao fell almost 7% overnight, entering a bear market and erasing all of this year’s gains.
The following animated chart is based on data and projections from the U.N. Population Division, and it shows the evolving population share by region between 1950 and 2100.
The amount is linked to what is known as “transfer pricing” between Rio Tinto’s Australian operations and its Singapore office.
While the company had other projects in the country, the Bayan Khundii gold project went from greenfield prospect to being its main asset in roughly nine months.
The miner said it won't meet its coal export commitments due to the damage caused by cyclone Debbie, which struck Australia’s north-east coast last week.
Together these giant orebodies contain reserves worth $796 billion at today's gold price.
Newmont Mining Corporation has appointed experienced miner Alex Bates to lead the company’s business in Australia.
Newmont Mining Corporation today published Beyond the Mine, the Company’s annual report on its progress toward achieving its purpose – to create value and improve lives through sustainable and responsible mining.
So far this year, the commodity has risen just 0.6%, quite far from the over 20% gains seen just over a month ago.
The US largest coal miner is back.
Combined worth of $842 billion with 20% gains so far in 2017.