BHP Billiton Mining News

Explorer Aston Bay signs $40-million preliminary deal with BHP on copper asset

Tiny Aston Bay Holdings (BAY-V), a junior with a copper-zinc project in Nunavut, seized the market’s attention by announcing a preliminary joint-venture deal with the world’s largest mining company.

World’s biggest iron ore port shut as cyclone to hit Australia

BHP Billiton began evacuating workers from its Port Hedland export facilities early Friday.

Iron ore price: Seaborne trade is Opec on crack

New warnings about impact of super-concentrated supply of steelmaking raw material.

Vale reopens iron port for at least 60 days

The company has now at least 60 days to come up with a plan to address and fix pollution problems tied to its operations Tubarão, one of Vale's most important ports.

Vale port shut down likely to affect iron ore market, prices jump

The suspension of activities at Vale's Port of Tubarão, ordered by a Brazilian federal court on Thursday, is likely to cause strong reaction in the global iron ore market.

Moody's puts 175 energy and mining firms on review as low prices bite

Top miners BHP Billiton, Rio Tinto, Vale and Anglo American are among the firms at risk of rating downgrade.

Samarco top executives take leave two months after Brazil dam burst

CEO Ricardo Vescovi and operations chief Kleber Terra were among those accused of environmental crimes by Brazil’s Federal Police earlier this month.

Oil, Asian stocks rout deepen miners wounds

Miners suffering fresh sell-off as oil price falls and the IMF lowers growth forecast for China, rattling investors.

This is what a mining, metals market meltdown looks like

Three of the world's top mining companies are now trading over 90% below their boom year highs as the 2016 commodity sell-off gathers pace.

BHP takes largest-ever write-down on US shale operation

The world’s largest miner announced Friday a roughly $7.2 billion pretax charge against its U.S. onshore energy assets

South32 mulls acquisition of Anglo’s $1bn business in Brazil

Company is said to have sent out requests to investment banks as it seeks to hire an adviser to assist in the bidding process for Anglo American's niobium and phosphate business in Brazil.

Chile mulls scrapping copper funding for military

Codelco chairman, Oscar Landerretche, wants the government to scrap the country’s Copper Law, which forces the firm to give 10% of its annual export revenue to the Armed Forces.

Brazil tailings dam spill much smaller than original estimates

BHP Billiton said Friday the dam burst at the Samarco iron ore mine in Brazil released 32m cubic metres of sludge, almost half earlier estimates.

China rings in 2016 with a stock market crash

Gold and oil benefited from the collapse, while base metals and most diversified miners suffered from it.

Sirius Minerals to supply 500,000 tonnes of fertilizer a year to Chinese firm

The offtake deal with Huaken International is for seven years from the moment the York Potash mine is up and running.

Death toll from Brazilian dam burst climbs — BHP

The miner raised the death toll from the catastrophic dam burst at a mine in Brazil last month to 17 from 13 and said there are two people still missing.

BHP, Vale have assets frozen over Samarco damages

Two of the largest mining companies in the world are being held to account by the Brazilian government over a massive tailings dam rupture.

2015: Twilight of the Supercycle

A look back at mining and metals in 2015 through's most popular stories of the year.

Goldman forecasts even more pain for iron ore

The bank says prices will remain under $40 a ton for the next three years as China’s slowdown forces the sector into a long period of hibernation.

Rio Tinto axes spending forecast by $1.5 billion

Once again the world's second largest mining company has cut its spending forecast for 2016, as iron ore hit new lows.

More than 400 jobs to go at South32 manganese mine in South Africa

The country's largest mining union said it had received notice from South32 about the planned cuts and wants the government to intervene.

Down again: iron ore sinks below $40 a tonne

It hit $39.40 a tonne, the lowest price ever recorded by price assessor The Steel Index (TSI), which began compiling data in 2008.

World’s two biggest miners walking away from coal, but they are not telling

BHP Billiton and Rio Tinto have significantly cut their investments in coal, while repositioning behind the scenes.

Brazil mine spill not hazardous to human health

Concentrations of metals in Rio Doce river after catastrophic dam burst "do not significantly differ" from tests by Brazilian Geological Service in 2010.

BHP Billiton to slash copper production costs, increase output

The miner expects to lower production costs to $1.08 per pound during the 2017 financial year, from a projected $1.21 per pound in the year ending June 2016.