Glencore drops 11% in brand value after various allegations against it in the Paradise Papers.
BHP Billiton Mining News
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.
"We will meet with the company... after a request from them to present a new offer, the fourth in this negotiation," said the Sintracarbon union president.
Wall Street fell on Thursday after a run of strong performances from the Dow Jones Industrial Average and the S&P 500 index.
"Water demand will increase because it will be necessary to process more material to obtain the same amount of copper": Wood Mackenzie.
BHP's iron ore output climbed to 72 million tonnes for the three months ended Dec. 31 versus 70 million tonnes a year ago.
The good luck for BHP is that only about 40 to 45 percent of existing nickel mine supply is suitable for processing into a battery-grade chemical product.
Australia expects iron ore prices to average $51.50 a tonne this year because of rising global supply and moderating demand from top importer China.
The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since.
Markets where technology hasn’t substantially shortened the supply cycle and where cost are rising (ie copper) have the greatest long-term upside in prices
More than half the 2017 combined market cap gains for the world's largest listed miners accrued to just five firms as gold producers drop out of top 10.
The political shifts are good news for the likes of BHP Billiton Ltd., Rio Tinto Group, Glencore Plc and Anglo American Plc.
BHP said it would seek responses from the World Coal Association over policy differences before making a final decision on whether to quit in March 2018.
Back in September, the expectation for 2018 was of $488 million in revenues from industrial mining.
The permits issued by Minas Gerais state, where the mine is located, allow for the construction of a waste system in a depleted mine to receive tailings.
After a nine-month search, the miner has picked the current leader of the remuneration committee, Simon Thompson, to assume the post in March 2018.
The world’s No.1 miner is targeting as much as $1.6 billion in productivity gains at its iron ore, copper and coal units in the country over the next two years.
Decision comes in the wake of a full-scale investor revolt led by the Investor Forum, a London-based body representing some of the world’s biggest money managers.
Union claims BHP has laid off about 3% of the mine's workforce without a "legitimate reason."
Officials for the world’s largest copper mine say they are “adjusting production processes.”
BHP Billiton Ltd and Vale SA have secured a 150-day extension from a Brazilian court to negotiate a settlement of a $48 billion claim stemming from the Samarco mine disaster in 2015, BHP said on […]