BHP Billiton

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.

Workers end two-week long strike at BHP’s nickel mine in Colombia

Cecilia Jamasmie | May 4, 2015
Workers end two-week long strike at BHP’s nickel mine in Colombia

It's estimated that the labour action generated about US$26 million in losses, forcing BHP to declare force majeure last week.

Vale falls victim of the iron ore slump, posts $3.2bn loss

Cecilia Jamasmie | April 30, 2015
Vale falls victim of the iron ore slump, posts $3.2bn loss

Today's results are the lowest earnings Vale has reported in six years and its third straight quarterly loss.

Iron ore recovery gives miners breathing space

Cecilia Jamasmie | April 27, 2015
Iron ore recovery gives miners breathing space

Prices for the steel-making material added Monday US$1.28 or 2.17% to US$59.09 a tonne, taking its gain since bottoming on April 2 to 25%.

Iron ore price enters bull market

Frik Els | April 24, 2015
Iron ore price soars again

After a stunning week of gains iron ore is now trading 22% above record lows hit early April.

Iron ore price rockets

Frik Els | April 22, 2015
Iron ore price rockets

Jumps 6% on Wednesday to four-week highs despite record-setting production numbers from Big Three.

Mick Davis tells investors to stay away from coal, Africa

Cecilia Jamasmie | April 22, 2015
Mick Davis tells investors to stay away from coal, Africa

When asked about how much lower commodities prices will dive this year, Davis said he thought they were close to hitting rock bottom.

BHP yields to pressure and low prices, halts iron ore expansion

Cecilia Jamasmie | April 22, 2015
BHP yields to pressure and low prices, halts iron ore expansion

The company has become the first big miner to delay a planned output expansion.

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