Longer term prospects are brighter due to lack of high-quality future development opportunities.
BHP Billiton Mining News
Deadly November tailings dam burst at Samarco iron ore mine and commodity downturn key considerations to slash executive pay.
Prices for the steel-making ingredient are down by 9.8% over a month ago and most of the massive projects expected to come on stream this year are not producing at full steam yet.
"China’s steel use will also reflect its maturing economic structure and consumerization."
August shipments third best month on record as price slips to six-week low and BHP warns of new supply pushing prices down further.
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Panel appointed by Vale and BHP release their findings.
The first time the SEC has paid an Australian whistleblower in a corruption case.
World's largest iron ore pellet operation has been shut since November.
The miner continues to look for new assets, including Anglo American’s 40% stake in their manganese joint venture — Samancor.
Citi analysts believe the steel-making ingredient will average $51 a tonne in the final quarter of 2016 and fall to $45 next year.
At a sold-out Moranbah luncheon last week, Bowen Basin Mining Club members were offered a timely insight into BHP Billiton’s global focus on production efficiencies and changing supply management practices.
The company, however, said it continues looking for a partner to take the venture off the ground.
Not even counting the $7.7 billion in write-downs and charges, BHP’s underlying profit dropped by a painful 81% to $1.2 billion for the year to June.
Recommendations regarding better site investigation procedures, and stricter adherence to tailings management procedures are obvious steps in the right direction.
Iron ore’s resilience in recent months has defied many analysts’ forecasts, as Beijing’s stimulus plans, restocking by Chinese steel mills and historically low port stockpiles have supported prices.
Study shows the most efficient mines in top producer Chile now produce copper for less than $1 a pound after finding an additional 13% in savings this year.
With this jump, the commodity's gains are close to 9% for the week and almost 40% so far this year.
Companies responsible for the majority of fossil fuel products that have been manufactured, marketed, and sold since the industrial revolution and have contributed the lion’s share of cumulative global emissions of industrial CO2 and methane, have been ordered to respond to a legal petition that triggered the first-ever national human rights investigation concerning climate change.
Progress at BHP project in Saskatchewan only 14% closer to completion after a year's work.
It produced 86.82 million tonnes of iron ore in the April-to-June period, down 2.8% from a year earlier.
World's top miner expects to produce 1.7 million tonnes in 2017 as output at giant Escondida mine jumps 9%.
Recovering commodity prices and investors' veto on deals have frustrated Davis and his team in their search for mining and metals bargains.
Analysts see the long-awaited deal to sell potash to Chinese buyers as good news for the beleaguered sector, even though the agreed price is dramatically lower than last year’s.
The firm said about 40% of its Brazilian workforce would take voluntary redundancy to reflect reduced production.