BHP Billiton

BHP tipped as favourite in race for Barrick’s Zaldivar mine in Chile

Cecilia Jamasmie | June 29, 2015
BHP tipped as favourite in race for Barrick’s Zaldivar mine

BHP already operates the world’s largest copper mine, Escondida, which sits, quite literally, across the road from Zaldivar.

BHP cuts another 140 jobs over abandoned Olympic Dam expansion plans

Cecilia Jamasmie | June 25, 2015
BHP cuts another 140 jobs over abandoned Olympic Dam expansion plans

The cuts at the Adelaide support office for the Olympic Dam operations come about six months after BHP scrapped about 90 permanent positions and 210 contractor jobs.

Iron ore prices hit six-day highs, but rally won’t last say experts

Cecilia Jamasmie | June 24, 2015
Iron ore prices hit six-day highs, but rally won’t last say experts

Analysts from Goldman Sachs, Citi and ANZ predict prices will drop again below $50 a tonne.

Producers rally on soaring iron ore price

Frik Els | June 10, 2015
Producers rally on soaring iron ore price

Iron ore rallies again after Vale CEO predicts 200 million tonnes of Chinese production shutting down and seaborne market growing to 1.44 billion tonnes.

South32 mulls writing down stake in South African manganese venture

Cecilia Jamasmie | June 9, 2015
South32 mulls writing down stake in South African manganese venture

It may reduce the value of its 60% stake in the Samancor Manganese joint venture, as it keeps furnaces shut due to low prices for the commodity.

Iron ore, copper oversupply here to stay, so get used to it — BHP’s Mackenzie

Cecilia Jamasmie | June 3, 2015
Iron ore, copper oversupply here to stay, so get use to it — BHP’s Mackenzie

BHP Billiton's outspoken chief executive officer believes oversupply will keep global metals prices lower for much longer.

Iron ore price jumps to three-month high

Frik Els | June 3, 2015
Iron ore price jumps to three-month high

Signs of demand improvement as iron ore imports cover at Chinese ports fall to near two-year low.

No point in top iron ore miners cutting supply: Goldman

Cecilia Jamasmie | May 27, 2015
No point in top iron ore miners cutting supply: Goldman

Goldman expects the iron ore "war of attrition" will continue while prices gradually decline toward its $40 per metric ton forecast by 2017.

Fortescue shares skyrocket on Chinese investment rumours

Cecilia Jamasmie | May 26, 2015
Fortescue shares skyrocket on Chinese investment rumours

The stock surged over 15% in early trade, closing at A$2.40, or 10.6% up, after reports of Chinese-linked companies seeking permission to invest in the iron ore producer.

Australia ditches iron ore probe after lobby, China-Brazil supply deal

Cecilia Jamasmie | May 21, 2015
Australia ditches iron ore probe after lobby, China-Brazil supply deal

The China-Brazil deal means that in just three years Vale will be producing more than BHP Billiton and Rio Tinto combined.

BHP to pay $25 million in 2008 Beijing Olympics bribery probe

Cecilia Jamasmie | May 20, 2015
BHP to pay $25 million in 2008 Beijing Olympics bribery probe

The U.S. Securities and Exchange Commission concluded BHP did violate a U.S. anti-corruption law by paying for officials and their families to attend the Games.

Iron ore is not in oversupply

Frik Els | May 19, 2015
Iron ore is not in oversupply

Only lower grade fines are oversupplied shows new research report.

BHP chief says inquiry into Aussie iron ore market a ‘ridiculous waste’

Cecilia Jamasmie | May 19, 2015
BHP chief says inquiry into Aussie iron ore market a ‘ridiculous waste’

Andrew Mackenzie also warned the proposed would damage the Australia’s economy and shift investment to main foreign competitor Brazil.

'Skinny' South32 disappoints on debut

Frik Els | May 18, 2015
'Skinny' South32 disappoints on debut

Market valuation at lower end of expectations on worries over dearth of reserves. BHP stock falls 6%.

Australia’s Prime Minister Abbott backs iron ore probe into BHP, Rio

Cecilia Jamasmie | May 15, 2015
Australia’s Prime Minister Abbott backs iron ore probe into BHP, Rio

Inquiry comes amid claims the mining giants are driving prices down, severely damaging the country's economy .

Glencore CEO says rivals pushing mining sector into confidence crisis

Cecilia Jamasmie | May 12, 2015
Glencore CEO says rivals pushing mining sector into confidence crisis

Ivan Glasenberg has once again slammed his competitors, who he accuses of damaging the credibility of the mining industry.

This is how BHP plans to be the world’s lowest-cost iron ore miner

Cecilia Jamasmie | May 12, 2015
This is how BHP plans to be the world’s lowest-cost iron ore miner

CEO Andrew Mackenzie announced the firm would cut capital and exploration expenditure to $9 billion in the 2016 financial year from $12.6 billion in 2015.

Iron ore price rally gains steam

Frik Els | May 11, 2015
Iron ore price rally gains steam

Chinese import prices surge more than 3% to 10-week high after Beijing's surprise rate cut boosts industry prospects.

It’s war! Fortescue boss calls Australians to oppose BHP, Rio iron ore plans

Cecilia Jamasmie | May 11, 2015
It’s war! Fortescue boss calls Australians to oppose BHP, Rio iron ore plans

Forrest is blaming BHP and Rio for a fall in the price of iron ore as the pair continue to ramp up production.

Copper, iron ore prices hold up despite China trade shock

Frik Els | May 8, 2015
Copper, iron ore prices hold up despite Chinese trade shock

Overall Chinese imports plummeted 16% in April as coal enters free-fall, but iron ore's decline was modest and copper shipments jumped 5%.

Glencore boss blames iron ore top miners for share price fall

Cecilia Jamasmie | May 7, 2015
Glencore boss blames iron ore top miners for share price fall

The company's shares have lost over 40% of their value since it first listed in 2011 on the London Stock Exchange.

Iron ore price blasts past $60

Frik Els | May 6, 2015
Iron ore price soars past $60

Steelmaking raw material now up 28.7% from decade lows hit last month.

South32 gets going after BHP investors strong support, sees M&A opportunities

Cecilia Jamasmie | May 6, 2015
South32 gets going after BHP investors strong support, sees M&A opportunities

BHP Billiton shareholders have overwhelmingly voted in favour of the South32 demerger, a spin off that creates Australia’s third-largest mining company.

BHP Billiton Supports Reconciliation in Schools

BHP Billiton | May 5, 2015
BHPB2

The A$3.9 million partnership with Reconciliation Australia seeks to include teaching of Aboriginal and Torres Strait Islander history in schools.

Modi fails to get India's coal trains running on time

Bloomberg | May 4, 2015

India's Prime Minster Narendra Modi's plans to shift the country's economy toward manufacturing and away from agriculture and services are being held up by a different kind of coal shortage.

NSW environmental watchdog bashed over BHP’s coal pollution case

Cecilia Jamasmie | May 4, 2015
NSW environmental watchdog bashed over BHP’s coal pollution case

The 14-months long investigation ended on April 10, with BHP accepting the charge of “causing an offensive odour,” and the EPA releasing just a single tweet about it.

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