BHP Billiton still sees potash as a key commodity in which to base its future growth despite prices for the fertilizer remain weak.
BHP Billiton Mining News
Net profit was $3.2bn for the six months to December 31, compared with a loss of $5.7bn in the same period a year earlier.
The meeting is not a return to mediation but an attempt to agree to return to the negotiating table, the union said.
Copper hits 20-month high after world's number one miner says can't honour supply contracts from Escondida, responsible for 5% of global output.
Strike at Escondida, export ban and smelter problems at Grasberg and community clashes at Las Bambas.
Expansion has the potential to increase production to 140,000 barrels of oil per day from the about 80,000 barrels it currently generates.
BHP Billiton says more help is needed from both governments and industry to promote the adoption of carbon capture and storage (CCS) technology.
The company's request for government mediation effectively extends talks and pushes back the start of a potential strike to Feb. 13.
Higher commodity exports delivered a record trade surplus of $3.5 billion in December, the second monthly trade surplus Australia has recorded in nearly three years.
Strike could begin as early as Friday, but will likely be postponed for a five-day government mediation to attempt a resolution.
Chile closes ports servicing some of the world's biggest copper mines due to rough seas while Escondida strike looms.
But the world's number one miner cuts full-year copper production guidance.
Strike threat at BHP's Escondida in Chile, the world's largest copper mine, lifts price to 19-month high.
The global mining industry rebounded from multi-year lows in 2016 – MINING.com's most popular posts of the year tell the story.
Vale agrees to pit use for tailings.
EnviroSuite says using best practice technology is a critical step in mitigating environmental and associated corporate risks, and in reducing the demands of crisis management that follow incidents with major environmental and community impacts.
But asset sales will slow says new report.
Hefty new loans come as the Brazilian joint venture assesses whether it can reopen the iron ore mine where a dam disaster killed 19 people last year.
The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.
Prices for the metal soared again Thursday to more than $5,700 a tonne.
Production costs in Chile, the world’s No. 1 copper producer, were 5.4% higher last year when compared to its global peers’ average.
Ecuador began last month granting licences for new exploration areas, with over 300 of them to be awarded by the year-end.
The deal includes a 17% interest in the Port Kembla Coal Terminal, south of Sydney.
The world’s largest miner sees electric vehicles boosting copper demand.
Sirius Minerals’ York mine is expected to be one of the world’s largest in terms of the amount of resources extracted, generating an initial 10 million tonnes of polyhalite per year.