BHP Billiton Mining News

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.

Did BHP just call the bottom of the mining cycle?

CEO Andrew Mackenzie said over the weekend "the commodities fall has stopped". Not only that – after recent rallies six are back in bull markets.

BHP Billiton, Wilson Security embroiled in Panama papers saga

The mining giant and a security firm that guards major government buildings are among hundreds of Australian names linked to a Panama law firm that helps the rich hide money.

BHP more than triples Brazilian staff in light of Samarco disaster

It has also opened offices in Belo Horizonte, which is more than 100 km (70 miles) from its Samarco interests.

The end of the global diversified miner?

New report predicts mining's majors will increasingly move away from diversification strategies to concentrate on competitiveness in certain core sectors.

March mining madness as copper, iron ore prices rebound

Volatile metal and mining stocks enjoy another huge rally Thursday as copper jumps to four-and-a-half month high and the iron ore price surges 5.5%.

BHP, Vale to reopen Samarco mine later this year

They have already taken the first steps towards resuming activity, applying for permission to use old mining pits to store tailings.

BHP's $14 billion Jansen potash becomes latest victim of commodities rout

BHP has cut $130 million from this year's planned $330 million capital expenditure to develop and study the feasibility of the project.

Top 5 iron ore firms value shoots up $62bn in just five weeks

Riding a rocketing iron ore price, market cap of Vale, Rio Tinto, BHP Billiton, Fortescue Metals and Anglo American gain a combined 54% since early February.

BHP, Vale shares surge on Samarco deal

Iron ore giants reach deal with Brazilian government to pay $6.2 billion over several years for clean up after November's deadly tailings dam spill.

Glencore swings to loss on write-downs and collapsing coal, metal prices

The Switzerland-based mining and energy giant lost $5 billion in 2015.

South32 looking for assets despite $1.75bn loss, massive layoffs

Despite the loss and a 94% drop in earnings, analysts believe the company's modest debt of $116 million makes it well-positioned to act on opportunities.

Samarco executives accused of homicide by Brazilian police over dam burst

The seven executives, including Samarco's boss at the time of the deadly disaster, are being accused of qualified homicide.

BHP cuts divvy first time in 27 years, shakes up executive

Iron ore and petroleum division heads to leave world number one miner after $5.7 billion loss in six months.

Mining stocks rally as iron ore price surges 7%

Across the board gains on hopes of renewed Chinese metals demand.

South32 in talks with Anglo American to buy manganese unit

The spin-out from BHP Billiton says it is willing to take on the manganese ore venture if the price is right.

Over one-third of Australian underground mines plan to cut spending in 2016

The coal sector is the most likely to axe spending even further this year (38%), ahead of precious metals (25%), a new study found.

Iron ore prices soar to 2016 high

The steelmaking raw material is back in a bull market.

Brazilian court blocks assets of Vale and BHP worth $120 million

The ruling seeks to ensure payment of damages related to a deadly dam rupture at a jointly owned iron ore mine in early November.

Explorer Aston Bay signs $40-million preliminary deal with BHP on copper asset

Tiny Aston Bay Holdings (BAY-V), a junior with a copper-zinc project in Nunavut, seized the market’s attention by announcing a preliminary joint-venture deal with the world’s largest mining company.

World’s biggest iron ore port shut as cyclone to hit Australia

BHP Billiton began evacuating workers from its Port Hedland export facilities early Friday.

Iron ore price: Seaborne trade is Opec on crack

New warnings about impact of super-concentrated supply of steelmaking raw material.