Hefty new loans come as the Brazilian joint venture assesses whether it can reopen the iron ore mine where a dam disaster killed 19 people last year.
BHP Billiton Mining News
The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.
Prices for the metal soared again Thursday to more than $5,700 a tonne.
Production costs in Chile, the world’s No. 1 copper producer, were 5.4% higher last year when compared to its global peers’ average.
Ecuador began last month granting licences for new exploration areas, with over 300 of them to be awarded by the year-end.
The deal includes a 17% interest in the Port Kembla Coal Terminal, south of Sydney.
The world’s largest miner sees electric vehicles boosting copper demand.
Sirius Minerals’ York mine is expected to be one of the world’s largest in terms of the amount of resources extracted, generating an initial 10 million tonnes of polyhalite per year.
Launched three years ago with a $5.6bn war chest, the fund once hailed as leader of a new wave of mining investment changes course.
Brazil's suspended iron ore producer Samarco misses another payment on its $3.8 billion debt as it struggles to stay afloat following deadly dam burst.
La Escondida is 57.5% owned by BHP Billiton and 30% owned by Rio Tinto.
If convicted, accused executives could face sentences of between 12 and 30 years in prison.
He said he had intended to announce his retirement last year but chose to stay on while BHP dealt with the aftermath of the Samarco mine disaster in Brazil.
Outside the meeting, a street theatre re-enactment of the destruction of the Doce River in Minas Gerais, Brazil, was accompanied by testimonials from frontline visitors affected by the company’s operations in Brazil, Colombia and Indonesia.
"We challenge dated stereotypes about jobs in the resources industry.”
BHP is not the first major player to flag green shoots in the mining industry. Caterpillar, the world's largest heavy machinery maker, said the same last month.
The company believes the market is set to move back into balance in 2017, with demand to exceed global supply.
Longer term prospects are brighter due to lack of high-quality future development opportunities.
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.