In the second half of 2014 the businesses bound for South32 generated $5bn worth of revenue and almost $890m of earnings before interest and tax.
BHP Mining News
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.
BHP Billiton Sustainable Communities Donates A$250,000 to the Sampson Flat Bushfire Relief Fund in South Australia
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.
Mining companies will pay ‘top dollar’ for the next discovery that could be turned into a profitable mine.
Forget iron ore for now, the world’s largest mining company is making a bold bet on copper.
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.
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.
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.
This is almost two-thirds below a peak of $191.90 reached in February 2011, which was when huge new mines were being approved.
The world's largest miner has stepped up its cost-cutting plans as it battles a sharp slide in iron ore, coal and oil prices.
The news comes barely a day after the miner announced it was scrapping the sale of its Nickel West division.
Their plea comes amid fears a climate change deal reached Wednesday between the U.S. and China could hurt coal miners in Australia.
The world's largest mining company has scrapped the sale of Nickel West and will continue operating the unit after failing to find a buyer at the right price.
The world’s largest miner is only two weeks away from shedding more light on an upcoming spin-off of unwanted assets.
The move is considered another sign that Washington’s decades-old federal ban on crude exports is crumbling.
The firm is laying-off 150 workers by the end of February 2015.
Sources close to X2 Resources, Davis' new company, have cast doubts on reports that the firm had made an offer.
Investors are uncertain about BHP Billiton Ltd.’s ambitions in the potash space, especially when it comes to its massive Jansen project in Saskatchewan.