BHP Mining News

BHP to sell US shale assets, limit annual capex to $14 billion

The world’s biggest miner unveiled details about how it expects to meet cost-reduction and productivity improvement targets.

A$20 Million Partnership A Win for Western Australian Kids

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.

Chile’s copper exports down 21% in August

The drop was mainly due to reduced shipments from Codelco and Collahuasi, official figures show.

BHP bows to pressure, to list spinoff in London

The mining giant has made a sharp U-turn on its initial decision to snub a London listing for its $17 billion spinoff.

Mick Davis has now almost $5 billion to build new mining empire

The former Xstrata boss' new venture, X2 Resources, is "currently reviewing a number of opportunities in the metals and mining sector."

Australia, Brazil to control 90% of global iron ore trade by 2020

Despite iron ore prices touching rock bottom, the top three producers have no plans to slowdown production. Quite the contrary.

Former Xstrata boss tried buying BHP’s coal division: report

It is unclear whether Mick Davis bid for all the assets that BHP ended up including in the new to-be listed firm.

Iron ore war: Rio Tinto ‘not standing still’ over BHP’s production boost

The head of the iron ore division, Andrew Harding, defens Rio's own plans to ramp up ore production.

Cutifani says tough decisions needed to restore credibility

Anglo's chief warned the company plans to take severe measures over the next two years.

Port Hedland's iron ore shipments to China fall in Sept

But with BHP Billiton's announced production boost the port is likely to recover quickly.

Iron ore war: BHP to be cheapest supplier, Glencore says it’ll hurt Africa

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.

BHP Billiton Donates US$400,000 to Ebola Response in West Africa

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.

UK authorities to review bid for $2.7bn potash project in national park

Analysts say this is “make or break” time for the company behind the massive mine, Sirius Minerals.

BHP to go ahead with London-listing of demerged $15bn firm

New company would still have its primary listing in Australia, with secondary listings in South Africa and the UK.

China’s iron ore imports to fall in September — report

Shanghai Metals Market warns slim profits and continuous declines in steel prices have dampened Chinese mills’ appetite for iron ore.

BHP-Mitsubishi axing 700 coal mining jobs

Companies said over-staffing in the current environment was threatening the viability of their Australian operations.

Thousands of workers begin strike at world’s biggest copper mine

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.

UK’s 310-tonne gold reserves in limbo if Scotland becomes independent

A triumph of the "Yes Scotland" campaign would have to be followed by negotiations with London over a raft of assets.

Anglo American chief not going for any major corporate split

A big corporate break-up à la BHP Billiton is definitively not in his books, he told FT.com.

Iron ore price hits unwelcome 5-year-low

After flirting with a five-year low for about a month, the iron ore price fell to the lowest price since October 2009.

Chile’s Escondida mine to bring BHP, Rio higher than expected dividends

Deutsche Bank analysts foresee a 2% to 3% earnings increase for the miners.

China’s antitrust crackdown threatens BHP demerger

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."

Iron ore prices approaching 5-year low

Monthly loss up to 8.4%

Iron ore falls again, hits fresh two-year low

If the steel-making material loses another $2 a tonne, it will be the lowest since October 2009.

Largest iron ore miners smashing Chinese competitors

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.