The Australian junior iron ore producer is also studying whether it needs to write down the value of any assets ahead of next month’s half-year result.
The decision caps off a dreadful month for South Australia’s mining sector.
Another slide on Tuesday drops iron ore price 13.4% year to date, but latest forecasts see another double digit dip from current levels.
Down 4% to fresh five-and-half year low.
The world’s second largest iron ore miner is targeting a 18% output increase this year, adding to a mounting global glut that has driven down the commodity price.
The 56 year old who built Xstrata into one of the world’s biggest mining firms and then sold it to Glencore, is tipped to be on the verge of landing his first big fish.
The measure would only be imposed to miners that consume more than 150 liters (40 gallons) of water per second.
In response to the significant impact of the recent South Australian bushfires on local communities, BHP Billiton Sustainable Communities today donated A$250,000 to the State Emergency Relief Fund.
The miner believes that while the market is oversupplied now it will tighten from 2018.
The government also published a list of answers to common questions about crude exports, providing guidance in a matter plagued by confusion.
Iron ore and oil, for ages among the strongest commodities, are on course to end 2014 as the worst performing ones.
The new law could seek to limit mining companies' ability to replace workers during strikes.
This was the second time that Antamina’s workers down tools in about a month over demands for a bonus and other benefits.
The United States Senate has passed a controversial land swap deal, paving the way for the country's largest copper mine to move forward, following close to a decade of roadblocks by Washington.
The country needs funds to keep the lights on, but buyers may be hard to come by.
BHP's first ore left Port Hedland in 1973, but 900m tonnes where shipped just over the last 12 years.
Forget iron ore for now, the world’s largest mining company is making a bold bet on copper.
Unionized workers at Antamina downed tools at midnight Wednesday.
In his first investor day since buying Xstrata last year, Glencore’s boss highlighted his company’s spread of commodities and took aim at the expansion strategies of Rio Tinto and BHP Billiton.
The waiting game is over. BHP Billiton has named its Perth-based spin-off company, appointing Graham Kerr as its chief executive.
Arizona’s lawmakers have slipped a piece of legislation that would allow the mining giants to go ahead with their massive Resolution Copper project.
The stock closed in Sydney below the $30 mark, which is the lowest it has traded in the last five years.
End of strike at Peru’s biggest copper mine and weaker oil prices drove Dr. Copper goes to the ICU.
The mining giant said it was committed to giving significantly more money back to shareholders in 2015 despite a severe drop in iron ore prices.
The investment will allow for a fourth pipe to be developed at the site, with production expected to start by 2018.
Founding managing director Mike Young among the ones leaving the company.
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