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.
Implementation of “free, prior and informed consent” policies vital tool to prevent conflict and costs to companies, reveals study published Thursday by Oxfam.
The world's No.1 miner will continue boosting its iron ore output, adding to a global glut and keeping pressure on prices.
With this impairment BHP will have written down its oil and gas business by more than $4 billion since 2011.
Despite the rosy outlook from Australia’s top iron ore producers, they are all facing staggering demand from their biggest customer — China.
Zaldivar is across the road from BHP and Rio Tinto's Escondida in Chile, the world's largest copper mine.
Billions wiped from mining sector as gold, silver prices fall and copper, iron ore prices plummet to 2009 levels amid Chinese stock market collapse.
As fresh reports provided further evidence of a slowing Chinese economic and consequently increasing stock piles up at its ports.
The value of the commodity has fallen by about 35% over the latest 12-month period, hitting Australia’s economy harder than expected.
BHP already operates the world’s largest copper mine, Escondida, which sits, quite literally, across the road from Zaldivar.
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.
Analysts from Goldman Sachs, Citi and ANZ predict prices will drop again below $50 a tonne.
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.
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.
BHP Billiton's outspoken chief executive officer believes oversupply will keep global metals prices lower for much longer.
Signs of demand improvement as iron ore imports cover at Chinese ports fall to near two-year low.
Goldman expects the iron ore "war of attrition" will continue while prices gradually decline toward its $40 per metric ton forecast by 2017.
The stock surged over 15% in early trade, closing at A$2.40, or 10.6% up, after reports of Chinese-linked companies seeking permission to invest in the iron ore producer.
The China-Brazil deal means that in just three years Vale will be producing more than BHP Billiton and Rio Tinto combined.
The U.S. Securities and Exchange Commission concluded BHP did violate a U.S. anti-corruption law by paying for officials and their families to attend the Games.
Only lower grade fines are oversupplied shows new research report.
Andrew Mackenzie also warned the proposed would damage the Australia’s economy and shift investment to main foreign competitor Brazil.
Market valuation at lower end of expectations on worries over dearth of reserves. BHP stock falls 6%.
Inquiry comes amid claims the mining giants are driving prices down, severely damaging the country's economy .
Ivan Glasenberg has once again slammed his competitors, who he accuses of damaging the credibility of the mining industry.
CEO Andrew Mackenzie announced the firm would cut capital and exploration expenditure to $9 billion in the 2016 financial year from $12.6 billion in 2015.
Get Mining News and Alerts
sent to your inbox daily