BHP Billiton Mining News

Copper stocks deep into red as gold miners surge

Gold's nearly $100 jump early on and copper's 4.5% meltdown split mining investors' Brexit fortunes.

Russia-Belarus potash pact may stage a comeback

Belarus has said it might cooperate with Uralkali, in the first sign the two sides might work together since the Russian potash producer broke off their business alliance in 2013.

BHP just forecast ‘another 10 years’ of iron ore glut

Chief executive Andrew Mackenzie believes the iron ore market will take longer to balance out than other commodities due to an excess of supply coming on stream in the next few years.

Samarco said to be in restructure talks

30 million tonnes per year iron ore mine owned by BHP and Vale idle since November.

Samarco iron ore won't restart this year

Vale-BHP joint venture was shut after deadly dam spill in November – Samarco produced a fifth of global seaborne iron ore pellets supply before the disaster.

$5.8 billion lawsuit over BHP-Vale disaster dismissed

Companies still face another much bigger civil action over November's deadly tailings dam burst at its Samarco iron ore mine in Brazil.

Police investigation finds BHP-Vale Brazilian venture at fault for dam collapse

Eight executives will also face charges, although the police did not disclose their names.

BHP's South Flank to go up against S11D, Silvergrass

Number three iron ore miner looking at options to replace 80 million tonnes capacity on its way to 290 million tonnes annually.

Top miners squandered $200 billion during boom

Capital spending by the world's largest miners since 2010 amounted to $632 billion – 32% of which has now been written off says new report.

Sirius Minerals lines up contractors for huge potash mine, may lower cost estimates

Sirius' mine, located beneath a U.K. national park, is set to generate an initial 10 million tonnes per year of polyhalite – a form of potash.

Vale said to have altered crucial data from dam disaster

Federal investigators claim Vale modified official documents detailing the chemical composition and concentration of the mineral waste spilled.

BHP to boost copper output, lower costs at vast Olympic Dam

BHP wants find a way to up output for the industrial metal from its Olympic Dam by 40% even before a proposed and long-awaited mega-expansion of the operation takes place.

Iron ore price falls 5% – China scrap adds to oversupply fears

China's steel association warns accumulated steel output will exceed 10 billion tonnes in 2016 as scrap prices drop below pig iron costs inside the country.

BHP's Spence copper mine in Chile hit by fresh strike

The labour action follows two other one-day protests at the mine and comes as BHP mulls a $2.2 billion investment to expand the operation.

Ivan Glasenberg's advice is buy not build, but rival miners aren't listening

Glencore's boss has consistently spanked his competitors for wasting and ultimately popping the now deflated long resources boom through a suicidal splurge on growth that took no account of demand and pricing.

CHARTS: The May mining and metals meltdown

Seven trading days in and already global mining investors are nursing double digit declines as everything from copper to met coal to silver take a beating.

BHP resumes expansion plans, says not waiting for prices to recover

Strategic shift comes as the world's biggest miner tries to regain investors' confidence.

Major correction underway for mining stocks

Monday mayhem as metals rally evaporates and mining's top names are dumped – Anglo's losses since a week ago now 28%, Freeport has plunged 25%.

BHP, Vale disaster turned into mining's Deepwater Horizon

Shares in mining giants tumble after civil suit in Brazil claims $43 billion in damages based on clean-up costs associated with BP's oil spill in the Gulf.

BHP, Vale hit with $44 billion lawsuit over deadly spill

Civil suit demands over $2 billion upfront and also targets Brazil's federal, state governments over deadly dam burst at jointly-owned Samarco iron ore mine.

Iron ore price plummets as Chinese stockpiles rise

The drop comes as stockpiles in China, the world’s biggest buyer, climbed 1.2% to 98.5 million tons last week.

Iron ore soars past $70 to a 16-month high

The spot price for benchmark 62% fines gained 8.78%, the third largest surge since iron ore pricing first began in May 2009.

BHP Billiton cuts iron ore target by 10M tonnes

This would be the first time BHP reports a annual drop in iron ore output since it completed its merger with Billiton in 2001.

Iron ore price: Rollercoaster continues with fresh rally

More than 4% rally on Monday stops price just short of $60 on speculation BHP and Rio output will disappoint.

BHP, Rio Tinto may axe iron ore guidance — report

Both miners announce March quarterly numbers this week.