A week choc-a-bloc with billion dollar copper, iron ore and cobalt deals ends with huge drop in prices and sell-off in stocks of mining's biggest names.
BHP Billiton Mining News
Resolving the legal cases will allow talks with creditors to begin as the company starts to draft its long-term business plan.
The deal also includes a 2 percent increase over current base salaries.
The union at the world's largest copper mine said BHP has promised to respond to its recent proposal for a new contract by 3 pm local time on Monday.
The country's car industry currently employs about 840,000 people, with 210,000 of them working on powertrain production, the sub-sector set to be the worst hit.
The number of electric cars, including battery-electric, plug-in hybrid electric and fuel cell electric passenger light-duty vehicles, increased by 57% in 2017 from the previous year.
While the global mining industry is quickly becoming more digitally mature, that transformation continues to focus on productivity and profitability, rather than on much needed innovation, a new study shows.
Codelco just achieved a new, less enviable mantle -- the only major mining company with an all-male board and senior management team.
"You're starting to see AI being used in some quite interesting ways within processing."
BHP shares rose nearly 2 percent, hitting their highest in about 45 months.
Since the commodities supercycle unwound nearly 10 years ago, many investors have been waiting for the right conditions to trigger mean reversion and lift prices.
The miner cut its fiscal 2018 production guidance to between 272-274 million tonnes of iron ore from 275-280 million tonnes.
They are seeking to obtain 30 more days to finish details of the plan.
While appetite for copper-mining assets is picking up, a supply crunch is imminent, experts say.
The miner is withdrawing from the World Coal Association over a clash of views on how to fight climate change, with BHP saying it’ll reap little benefit from staying on as a member.
Cobalt, nickel still on the boil, but gloomier outlook reflected in copper price and fall in market value of top mining companies during first quarter.
The accident killed 19 people, left hundreds homeless and unemployed and caused sludge to wash downstream into the neighbouring state of Espírito Santo.
Failure to reach a labor deal caused a 44-day strike at the mine last year.
Last year, a more than month-long strike at Escondida ended with workers opting to extend their previous contract through July 31 of this year instead of replacing it.
Glencore drops 11% in brand value after various allegations against it in the Paradise Papers.
BHP’s first-half results missed analysts’ expectations and the shares fell 4.6 percent, on pace for the biggest daily drop since April.
The New-York based fund argues an overhaul could add more than $22 billion in value for shareholders and wants BHP to conduct an independent study.
Charge is due to due to cuts in the US Federal corporate income tax rate, the world’s biggest mining company said.
BHP's Escondida on Wednesday cast doubt on chances of starting talks on a new labor agreement with the company before formal negotiations scheduled for June.
More than $500 million in transactions are pending or were completed so far this month.