The world’s biggest miner unveiled details about how it expects to meet cost-reduction and productivity improvement targets.
BHP Mining News
In the largest donation in Telethon history, BHP Billiton has committed $20 million over the next five years to the Telethon Kids Institute to improve the health and wellbeing of children in Western Australia.
The drop was mainly due to reduced shipments from Codelco and Collahuasi, official figures show.
The mining giant has made a sharp U-turn on its initial decision to snub a London listing for its $17 billion spinoff.
The former Xstrata boss' new venture, X2 Resources, is "currently reviewing a number of opportunities in the metals and mining sector."
Despite iron ore prices touching rock bottom, the top three producers have no plans to slowdown production. Quite the contrary.
It is unclear whether Mick Davis bid for all the assets that BHP ended up including in the new to-be listed firm.
The head of the iron ore division, Andrew Harding, defens Rio's own plans to ramp up ore production.
Anglo's chief warned the company plans to take severe measures over the next two years.
But with BHP Billiton's announced production boost the port is likely to recover quickly.
While BHP gets ready to further expand iron ore output, Glencore's Glasenberg warns the move will make investing in African iron ore a less appealing prospect.
In response to the widespread devastation caused by the Ebola outbreak in West Africa, BHP Billiton Sustainable Communities has donated US$400,000 to the Pooled World Health Organisation (WHO) Ebola Response fund.
Analysts say this is “make or break” time for the company behind the massive mine, Sirius Minerals.
New company would still have its primary listing in Australia, with secondary listings in South Africa and the UK.
Shanghai Metals Market warns slim profits and continuous declines in steel prices have dampened Chinese mills’ appetite for iron ore.
Companies said over-staffing in the current environment was threatening the viability of their Australian operations.
Close to 2,800 miners at Chile's Escondida mine, jointly owned by BHP Billiton and Rio Tinto, did not show up for work Monday morning, iddling a 1.2 million tonnes a year operation.
A triumph of the "Yes Scotland" campaign would have to be followed by negotiations with London over a raft of assets.
A big corporate break-up à la BHP Billiton is definitively not in his books, he told FT.com.
After flirting with a five-year low for about a month, the iron ore price fell to the lowest price since October 2009.
Deutsche Bank analysts foresee a 2% to 3% earnings increase for the miners.
Following a meeting with BHP’s China boss, Beijing issued a statement saying it believed that “BHP and other iron ore suppliers should avoid abusing dominant market positions."
Monthly loss up to 8.4%
If the steel-making material loses another $2 a tonne, it will be the lowest since October 2009.
There’s a death match among iron ore producers, with the big Australian miners and Brazil's Vale increasing pressure on their high-cost Chinese rivals.