BHP Billiton

BHP Billiton posts worst profit in over 10 years

Cecilia Jamasmie | August 25, 2015
BHP Billiton posts worst profit in over 10 years

As prices for the company's four key "pillar" commodities —iron ore, metallurgical coal, copper and oil and gas — have all dropped to multi-year lows in the past 12 months.

South32 survives mining sector slump, to cut $350m in costs until 2018

Cecilia Jamasmie | August 24, 2015
South32 survives mining sector slump, to cut $350m in costs until 2018

The company said is not keen on Rio Tinto's thermal coal assets, currently up for sale.

China fresh sell-off sends commodities, markets to the pits

Cecilia Jamasmie | August 24, 2015
China fresh sell-off sends commodities, markets to the pits

The US has suspended the futures market on the Nasdaq index, as panicking traders have driven it down 5% — the maximum allowed under Wall Street rules.

Iron ore’s giants expanding clout as sales to China expand

Bloomberg | August 21, 2015

In the global iron ore market, the world’s two biggest exporters are expanding sales into the top customer, winning a greater share of trade as prices tumble.

Glencore stock getting hammered as China slowdown, commodities rout hit profit

Cecilia Jamasmie | August 19, 2015
Glencore stock getting hammered as China slowdown hits profit

The world's leading commodity trader stock slumped to a record low Wednesday after it revealed it swung to a steep first-half loss of $676 million.

Cecilia Jamasmie

BHP boosts female representation at board

Cecilia Jamasmie | August 14, 2015
BHP boosts female representation at board

Reshuffle includes promotion of Baroness Shriti Vadera from a non-executive position to the role of senior independent director.

Huge blasts at Chinese port disrupts iron ore, oil shipments

Cecilia Jamasmie | August 13, 2015
Huge blasts at Chinese port disrupts iron ore, oil shipments

Two huge explosions at the port of Tianjin, the world's 10th largest, have killed at least 50 people and devastated the area.

Glencore hit by $790 million writedown, cuts spending

Cecilia Jamasmie | August 13, 2015
Glencore hit by $790 million writedown, cuts spending

The company's action on spending follows sharp falls across commodity prices this year.

Commodities, mining stocks sinking as China devalues its currency again

Cecilia Jamasmie | August 12, 2015
Commodities, mining stocks sinking as China devalues its currency again

But gold is, so far, profiting from the situation, heading for its longest winning streak in three months.

China's devaluation of Yuan hits miners, commodities

Cecilia Jamasmie | August 11, 2015
China's devaluation of Yuan hits miners, commodities

The decision of the People's Bank of China (PBOC) to devalue the yuan by 1.9% sent most mining stocks and commodities down the slippery slope.

BHP Billiton axing other 380 jobs at its Olympic Dam

Cecilia Jamasmie | August 9, 2015
BHP Billiton axing 380 jobs at its Olympic Dam

The cuts represent 14% of what was once a 4,300 workforce.

Vale adds to iron ore supply glut — second highest ever quarterly output

Cecilia Jamasmie | July 23, 2015
Vale adds to iron ore supply glut — second highest ever quarterly output

The world’s largest iron ore producer continued to flood the market despite a current oversupply that has sent prices for the commodity plummeting to historic lows.

Global miners improve policies on community consent, while oil and gas lag

Oxfam America | July 23, 2015
Global miners improve policies on community consent, while oil and gas lag

Implementation of “free, prior and informed consent” policies vital tool to prevent conflict and costs to companies, reveals study published Thursday by Oxfam.

BHP Billiton beats iron ore guidance, takes copper write-downs

Cecilia Jamasmie | July 22, 2015
BHP Billiton beats iron ore guidance, takes copper write-downs

The world's No.1 miner will continue boosting its iron ore output, adding to a global glut and keeping pressure on prices.

BHP Billiton to take a $2.8 billion write-down on US assets

Cecilia Jamasmie | July 15, 2015
BHP Billiton to take a $2.8 billion write-down on US assets

With this impairment BHP will have written down its oil and gas business by more than $4 billion since 2011.

Cecilia Jamasmie

Iron ore prices: the worst is yet to come

Cecilia Jamasmie | July 9, 2015
Iron ore prices: the worst is yet to come

Despite the rosy outlook from Australia’s top iron ore producers, they are all facing staggering demand from their biggest customer — China.

BHP, China Moly in final stretch for Barrick's Zaldivar

Frik Els | July 8, 2015
Barrick sells 50% of Zaldivar for $1 billion cash

Zaldivar is across the road from BHP and Rio Tinto's Escondida in Chile, the world's largest copper mine.

China panic crushes mining stocks

Frik Els | July 7, 2015
China panic crushes mining stocks

Billions wiped from mining sector as gold, silver prices fall and copper, iron ore prices plummet to 2009 levels amid Chinese stock market collapse.

Iron ore hits four-month low

Cecilia Jamasmie | July 3, 2015
Iron ore drops to four-month low

As fresh reports provided further evidence of a slowing Chinese economic and consequently increasing stock piles up at its ports.

Iron ore falls below the $60 mark again

Cecilia Jamasmie | July 1, 2015
Iron ore falls below the $60 mark again

The value of the commodity has fallen by about 35% over the latest 12-month period, hitting Australia’s economy harder than expected.

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

Cecilia Jamasmie | June 29, 2015
Barrick sells 50% of Zaldivar for $1 billion cash

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 price rockets 9.5%

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.

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