BHP Billiton Mining News

Why Samarco tailings dam failed

Panel appointed by Vale and BHP release their findings.

BHP whistleblower paid $3.7 million

The first time the SEC has paid an Australian whistleblower in a corruption case.

Samarco restart still a year away

World's largest iron ore pellet operation has been shut since November.

South32 posts $1.6bn loss but pays maiden dividend

The miner continues to look for new assets, including Anglo American’s 40% stake in their manganese joint venture — Samancor.

Iron ore’s rally has its days numbered — Citi

Citi analysts believe the steel-making ingredient will average $51 a tonne in the final quarter of 2016 and fall to $45 next year.

Productivity the priority for BMA’s future suppliers

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.

BHP may mothball $2.6 billion Jansen potash project if prices remain weak

The company, however, said it continues looking for a partner to take the venture off the ground.

World’s No. 1 miner BHP Billiton posts $6.4bn annual loss — its worst-ever

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.

Mount Polley and Samarco: What can we do to reduce the chances of another tailings disaster?

Recommendations regarding better site investigation procedures, and stricter adherence to tailings management procedures are obvious steps in the right direction.

Iron ore price soars past $61 per tonne to fresh 3-month high

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.

More bad news for copper price

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.

Iron ore breaks the $60 per tonne barrier, extending week’s rally to 9%

With this jump, the commodity's gains are close to 9% for the week and almost 40% so far this year.

HP, Glencore, Syncrude linked to human right abuses from climate change

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.

BHP's really in no hurry for Jansen potash

Progress at BHP project in Saskatchewan only 14% closer to completion after a year's work.

Vale iron ore output falls in second quarter but still beats estimates

It produced 86.82 million tonnes of iron ore in the April-to-June period, down 2.8% from a year earlier.

BHP's copper output to bounce back

World's top miner expects to produce 1.7 million tonnes in 2017 as output at giant Escondida mine jumps 9%.

Mick Davis to overhaul X2 Resources as fund fails to close any mining deal

Recovering commodity prices and investors' veto on deals have frustrated Davis and his team in their search for mining and metals bargains.

China signs long-delayed potash deal with Belarus at 30 pct less than last year’s price

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.

BHP unlikely to reopen Samarco this year amid Brazil’s criminal probe

The firm said about 40% of its Brazilian workforce would take voluntary redundancy to reflect reduced production.

BHP Billiton’s Olympic Dam set to reach highest copper production in a decade

Red metal production at the copper-uranium mine is expected to hit around 230,000 tonnes by 2021, but there is potential for up to 450,000 tonnes per year.

BHP greenlights expansion at Escondida copper mine in Chile

With the expansion, Escondida is targeting an average output of 1.2 million tonnes a year over the next decade, up from about 940,000 tonnes it produced last year.

BHP said to be after Potash Corp again

BHP has been developing its own Canadian potash mine — the Jansen project — in Potash Corp's backyard, and has already invested about $3.8 billion on it.

World's largest copper mine output, profit plummeted in Q1

Chile’s Escondida produced 265,597 tonnes in the period, or 23% less than the 347.125 tonnes it generated in Q1 2015.

Morgan Stanley: Iron ore will drop to $35 by fall

Iron ore advanced to a 5-week high of $53.40 on Tuesday, but analysts see steep decline in the final quarter of 2016.

BHP hikes exploration spending, to focus mostly on copper, oil

It will raise its annual exploration spending by 29%, allocating nearly all its $900 million budget to finding new copper and oil deposits in the fiscal year beginning next month.