This is almost two-thirds below a peak of $191.90 reached in February 2011, which was when huge new mines were being approved.
"These factors, combined with continued growth and demand for potash all conspire, if you like, to bring toward us the time when a new mine is required."
The world's largest miner has stepped up its cost-cutting plans as it battles a sharp slide in iron ore, coal and oil prices.
BHP Billiton Ltd. (BHP), the world’s biggest mining company, plans to take a scalpel to capital spending and costs to bolster cashflows as iron ore and crude oil prices plunge.
But unionized workers insist on claiming that Antamina's output would likely drop by at least 90%.
The news comes barely a day after the miner announced it was scrapping the sale of its Nickel West division.
Their plea comes amid fears a climate change deal reached Wednesday between the U.S. and China could hurt coal miners in Australia.
Twiggy says BHP and Rio threaten Australia's relationship with Beijing by bankrupting Chinese iron ore producers. China's steelmakers may disagree.
The world's largest mining company has scrapped the sale of Nickel West and will continue operating the unit after failing to find a buyer at the right price.
The world’s largest miner is only two weeks away from shedding more light on an upcoming spin-off of unwanted assets.
The move is considered another sign that Washington’s decades-old federal ban on crude exports is crumbling.
Fresh Chinese weakness pushes iron ore price to lowest since June 2009, but rising premiums for high-quality lump imports offers some hope.
The firm is laying-off 150 workers by the end of February 2015.
Sources close to X2 Resources, Davis' new company, have cast doubts on reports that the firm had made an offer.
The miner blamed low metals prices and productivity inefficiencies for the decision.
Investors are uncertain about BHP Billiton Ltd.’s ambitions in the potash space, especially when it comes to its massive Jansen project in Saskatchewan.
The world’s biggest miner unveiled details about how it expects to meet cost-reduction and productivity improvement targets.
In the largest donation in Telethon history, BHP Billiton has committed $20 million over the next five years to the Telethon Kids Institute to improve the health and wellbeing of children in Western Australia.
The move is seen by analysts as an attempt to strengthen the firm’s image.
Petroleum, met coal, iron ore production set new quarterly records. Fall in copper volumes not enough to dent 9% overall output growth.
Big three successfully defending their oligopoly says new report.
Those calling a market bottom after Monday's surge and Chinese import gains may have been premature.
The drop was mainly due to reduced shipments from Codelco and Collahuasi, official figures show.
The mining giant has made a sharp U-turn on its initial decision to snub a London listing for its $17 billion spinoff.
New research shows inland Chinese steel mills pay a 35% premium over seaborne benchmark with 210mt of steel capacity potentially looking for alternatives.
The former Xstrata boss' new venture, X2 Resources, is "currently reviewing a number of opportunities in the metals and mining sector."
Get Mining News and Alerts
sent to your inbox daily