BHP Billiton

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.

BHP, Rio face hard choices as ore woes set in

Herald Sun | April 17, 2015

Once the darlings of the local market, BHP Billiton and Rio Tinto now face a rocky road as investors accept the reality that lower iron ore prices will last for longer.

Rio Tinto claims it will ‘thrive’ on lower iron ore prices

Cecilia Jamasmie | April 17, 2015
Rio Tinto claims it will ‘thrive’ on lower iron ore prices

The miner defended his decision to boost production, which has led to sinking prices and threatens to put some competitors out of business.

Citi’s 'end of the Iron Age' note triggers waves of downgrades

Cecilia Jamasmie | April 14, 2015
Citi’s 'end of the Iron Age' note triggers stocks bloodbath, downgrades

The International Monetary Fund and Standard and Poor's, in turn, predict prices for the steelmaking material are set to fall even further.

Move over Codelco: Freeport plans to be the world’s No.1 copper miner

Cecilia Jamasmie | April 13, 2015
Move over Codelco: Freeport plans to be the world’s No.1 copper miner

But China’s slowdown, rising costs and falling prices may get in the way.

Mick Davis first deal to land in Canada: report

Cecilia Jamasmie | April 10, 2015
Mick Davis first deal to land in Canada: report

Davis is said to be finalizing talks with a Toronto-listed miner, in a deal that could kick-off a long awaited buying spree.

BHP won’t reveal tax bill estimate in audit over Singapore hubs

Cecilia Jamasmie | April 10, 2015
BHP won’t reveal tax bill estimate in audit over Singapore hubs

On the last of a three-day national hearing, BHP and Rio acknowledged they were in ongoing discussions with auditors from the Australian tax authority.

Australia treasurer vows to block Glencore-Rio Tinto merger

Cecilia Jamasmie | April 8, 2015
Australia treasurer vows to block Glencore-Rio Tinto merger

This wouldn’t be the first time Hockey hinders a major corporate deal in Australia.

Iron ore price breaks fall, claims big scalp

Frik Els | April 7, 2015
Iron ore price breaks fall, claims big scalp

Iron ore regained its footing Tuesday, but too late for once high-flying Atlas Iron as 13mtpa producer's shares are suspended and receivership looms.

World’s largest copper producer Chile slashes 2015 output forecast

Cecilia Jamasmie | April 7, 2015
World’s largest copper producer Chile slashes 2015 output forecast

Mostly due to a lower estimate from Anglo American's projects and the Zaldivar mine, which is operated by Barrick.

Iron ore price massacre continues

Frik Els | April 2, 2015
Iron ore price massacre continues

Unprecedented meltdown continues as iron ore price suffers worst trading day in more than year on Thursday bringing weekly loss to eye-watering 15%.

BHP wants strikes to be ‘last resource’ for workers

Cecilia Jamasmie | March 30, 2015
BHP wants strikes to be ‘last resource’ for workers

The mining giant has also asked for local laws to be flexible enough to keep pace with other countries.

Chinese miners keep digging for iron ore despite most losing money

Cecilia Jamasmie | March 27, 2015
Chinese miners keep digging for iron ore despite most losing money

The situation, industry officials said Friday, can’t continue for much longer.

Australia's regulator goes after Fortescue for demanding iron ore output cap

Cecilia Jamasmie | March 25, 2015
Australia's regulator goes after Fortescue for demanding iron ore output cap

The competition watchdog did not welcome chairman Andrew “Twiggy” Forrest call for rivals Rio, BHP and Vale to agree to cap production.

Mining for copper just got a lot cheaper

Cecilia Jamasmie | March 24, 2015
Mining for copper just got a lot cheaper

A new study shows the costs of mining for the red metal have steadily declined over the past three years.

South Africa woes cast doubt on BHP spin-off success

Cecilia Jamasmie | March 23, 2015
South Africa woes cast doubt on BHP spin-off South32 success

There are a number of challenges South32 is likely to face, including potential Black Economic Empowerment ownership concessions and power price hikes.

BHP's South32 spinoff to cost $738m

Frik Els | March 16, 2015
BHP spinoff could be worth $12 billion

Board proposes to give shareholders one share in the $12bn spin-off company for every BHP share owned, but the whole process comes with hefty fees.

‘Stop complaining about a supply glut and take charge’ — BHP, Rio to small iron ore miners

Cecilia Jamasmie | March 10, 2015
‘Stop complaining about a supply glut and take charge’ — BHP, Rio to small iron ore miners

The world's two largest mining companies believe China's hunger for iron ore isn't about to fade, even as the price is touching new lows.

Iron ore spot price drops to record low

Frik Els | March 6, 2015
Iron ore spot price drops to record low

The iron ore price suffered another steep decline on Friday, falling to the lowest since November 2008 when the SteelIndex benchmark was first introduced.

Cameco gets approval for its Australian Kintyre uranium mine

Cecilia Jamasmie | March 6, 2015
cameco-kintyre

After more than four years of consultation and environmental studies, the miner has been granted conditional approval by Western Australia’s authorities.

Mick Davies’ X2 Resources raises $5.6 billion, ready to buy up assets

Cecilia Jamasmie | March 5, 2015
Mick Davies’ X2 Resources raises $5.6 billion, ready to buy up assets

The former Xstrata boss’ new firm may soon pull the trigger on some big deals at a time of low commodity prices and willing sellers.

Will a dry spell in Chile curb a global oversupply of copper?

Cecilia Jamasmie | February 25, 2015
Chile’s dry spell to weigh on global copper oversupply

A raging seven-year drought affecting copper-rich Chile is making miners grow anxious, with BHP and Anglo American already reporting an impact in their operations.

This BHP slide will bring tears to iron ore price bulls eyes

Frik Els | February 24, 2015
This BHP slide will bring tears to iron ore price bulls eyes

Weak iron ore prices have become the accepted industry norm, but the world's top miner also has bad news for those hoping for a pick-up in the long term.

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