BHP Billiton

Vale Q2 profit down on weak prices from iron glut

Jeffrey Richmond | July 31, 2014
vale profit down in q2 on iron oversupply, weak prices feat

Write-downs also hurt bottom line, yet production robust.

Coal exporters not backing down despite glut; could China enter the market too?

SNL Energy | July 30, 2014
Coal exporters not backing down feat

No signs of production slowdown in major coal-exporting countries.

BHP firing 6% of workforce in Chile’s Pampa Norte division

Cecilia Jamasmie | July 30, 2014
BHP firing 6% of workforce in Chile’s Pampa Norte division

Division encompasses the Spence and Cerro Colorado copper mines.

BHP to complete Olympic Dam expansion years from now

Cecilia Jamasmie | July 29, 2014
BHP to complete Olympic Dam expansion years from now

The company revealed it will take four years to trial a processing method it hopes will help make the expansion profitable.

Chile’s Escondida mine boosts BHP copper output

Cecilia Jamasmie | July 24, 2014
Chile’s Escondida mine boosts BHP copper output

Improvements at the mine mill throughput and concentrator utilization offset declining ore grades at the world's largest copper mine.

Rio Tinto planning Australia’s largest iron ore mine

Cecilia Jamasmie | July 23, 2014
Iron ore price bulls are back

The 70 million tonne-a-year project in the Pilbara is meant to replace other Yandicoogina’s areas that are running out of ore.

BHP Billiton wants bigger share of the iron ore market

Cecilia Jamasmie | July 23, 2014
BHP Billiton wants bigger share of the iron ore market

BHP’s major vote of confidence in iron ore proves the company trusts it can mine the bulk commodity for less than many rival producers, and thrive even in an environment of weakening prices.

Anglo American iron ore division earnings fall, but beat estimates

Cecilia Jamasmie | July 22, 2014
Anglo American iron ore division earnings fall, but beat estimates

Anglo's unit Kumba plans to almost double production by 2030.

Vale sees iron ore prices coming back to historical levels

Cecilia Jamasmie | July 17, 2014
Vale sees iron ore prices coming back to historical levels

CEO Murilo Ferreira thinks the ore may get close to 2011’s peak of $168 a ton.

Pilbara expansion boosts Rio Tinto iron ore output

Cecilia Jamasmie | July 16, 2014
Pilbara expansion boosts Rio Tinto iron ore output

The world’s second-largest mining company’s produced 139.5 million metric tons of iron ore in the six months through June, while its shipments rose 20% to 142.4 million tons.

Sirius delays application for $2.7bn potash mine in English national park

Cecilia Jamasmie | July 15, 2014
Sirius delays application for $2.7bn potash mine in English national park

According to the company, the mine will employ about 1,800 workers during construction and generate 1,000 permanent jobs once opened.

Slow growth spoiling China’s appetite for coal

Cecilia Jamasmie | July 14, 2014
Slow growth spoiling China’s appetite for coal

In the first half of 2014, the country’s coal imports grew just 0.9%, compared with 13.3% a year earlier.

Cecilia Jamasmie

BHP sell-off could undo Billiton historic deal

Cecilia Jamasmie | July 13, 2014
BHP sell-off could undo Billiton historic deal

As BHP considers the sale of almost all of the businesses that Billiton brought to the 2001 merger deal, experts say the firm is likely to end up leaving London.

Pilbara visit shows Japan vital to Aussie mining

Jeffrey Richmond | July 10, 2014
pilbara visit shows japan vital to future aussie mining feat

Follows signing of FTA seen as major opportunity for Australian miners.

Australia’s big three miners to regain control of iron ore sector

Cecilia Jamasmie | July 9, 2014
Australia’s big three miners to regain control of iron ore sector

Billionaire Andrew Forrest, who made his fortune as the driving force behind Fortescue, says high cost competitors will exit the market shortly.

BHP hikes iron-ore supply to oust China rivals

Jeffrey Richmond | July 4, 2014
bhp hikes iron ore supply to oust china rivals feat

Production ramp-up comes despite price plunge earlier this year.

Glencore smashes claims it paid zero tax in Australia over last three years

Cecilia Jamasmie | July 3, 2014
Glencore smashes claims it paid zero tax in Australia over last three years

In an email to staff the company's coal chief executive, Peter Freyberg, revealed details of tax payments.

BHP may cut more iron ore jobs

Jeffrey Richmond | July 2, 2014
bhp may cut more iron ore jobs feat

Firm says no connection with iron ore price.

Australia losing 75,000 mining jobs in next two years

Cecilia Jamasmie | July 2, 2014
Australia losing up to 75,000 mining jobs in next two years

Cuts will occur because the sector is switching from the job-heavy construction stage to the operational phase, which requires fewer workers.

Rio Tinto’s plans to mine potash in Canada got a lot more serious

Cecilia Jamasmie | June 27, 2014
Rio Tinto’s plans to mine potash in Canada got a lot more serious

While it did not disclose the costs and planned capital expenditure for the Albany project, Rio has previously said the deposit had enough potash to sustain a low cost operation for decades.

Australia slashes iron ore outlook on increased supply

Cecilia Jamasmie | June 25, 2014
Australia slashes iron ore outlook on increased supply

The world’s largest iron ore exporter has cut price estimates for this year and 2015.

BHP abandons planned Canada’s Jansen potash export facility

Cecilia Jamasmie | June 25, 2014
BHP abandons planned Canada’s Jansen potash export facility

The exclusivity agreement, which expired last week, would have given BHP the right to develop a potash port close to its Jansen project.

BHP mulls further job cuts

Cecilia Jamasmie | June 24, 2014
BHP Billiton to cut over 3,000 iron ore jobs in Australia

Up to 3,000 jobs could be axed from BHP's flagship iron ore division, where 500 jobs have already been lost.

Colombia’s coal output recovering fast — up 33.8% in Jan-March

Cecilia Jamasmie | June 23, 2014
Work resumes at New Zealand Escarpment coal mine

Total coal exports, however, fell 13.1% in the quarter, from 17.4 million tons in the first quarter of 2013 to 15.1 million tonnes in the same period this year.

Australia’s mining jobs running dry as sector growth slow

Cecilia Jamasmie | June 19, 2014
Australia’s mining jobs running dry as sector growth slow

The country's mining industry has lost 6,600 workers in the three months to May.

Iron ore price crashes through $90

Frik Els | June 16, 2014
Iron ore price crashes through $90

Iron ore and steel prices are approaching levels last seen during the height of the financial crisis.

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