BHP Billiton Mining News

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.

Copper stocks deep into red as gold miners surge

Gold's nearly $100 jump early on and copper's 4.5% meltdown split mining investors' Brexit fortunes.

Russia-Belarus potash pact may stage a comeback

Belarus has said it might cooperate with Uralkali, in the first sign the two sides might work together since the Russian potash producer broke off their business alliance in 2013.

BHP just forecast ‘another 10 years’ of iron ore glut

Chief executive Andrew Mackenzie believes the iron ore market will take longer to balance out than other commodities due to an excess of supply coming on stream in the next few years.

Samarco said to be in restructure talks

30 million tonnes per year iron ore mine owned by BHP and Vale idle since November.

Samarco iron ore won't restart this year

Vale-BHP joint venture was shut after deadly dam spill in November – Samarco produced a fifth of global seaborne iron ore pellets supply before the disaster.

$5.8 billion lawsuit over BHP-Vale disaster dismissed

Companies still face another much bigger civil action over November's deadly tailings dam burst at its Samarco iron ore mine in Brazil.

Police investigation finds BHP-Vale Brazilian venture at fault for dam collapse

Eight executives will also face charges, although the police did not disclose their names.

BHP's South Flank to go up against S11D, Silvergrass

Number three iron ore miner looking at options to replace 80 million tonnes capacity on its way to 290 million tonnes annually.

Top miners squandered $200 billion during boom

Capital spending by the world's largest miners since 2010 amounted to $632 billion – 32% of which has now been written off says new report.

Sirius Minerals lines up contractors for huge potash mine, may lower cost estimates

Sirius' mine, located beneath a U.K. national park, is set to generate an initial 10 million tonnes per year of polyhalite – a form of potash.

Vale said to have altered crucial data from dam disaster

Federal investigators claim Vale modified official documents detailing the chemical composition and concentration of the mineral waste spilled.

BHP to boost copper output, lower costs at vast Olympic Dam

BHP wants find a way to up output for the industrial metal from its Olympic Dam by 40% even before a proposed and long-awaited mega-expansion of the operation takes place.

Iron ore price falls 5% – China scrap adds to oversupply fears

China's steel association warns accumulated steel output will exceed 10 billion tonnes in 2016 as scrap prices drop below pig iron costs inside the country.