BHP Mining News

Potash prices, oversupply scaring potential Jansen partners: BHP

Chief Executive Officer Andrew Mackenzie said the project ramains in BHP's main plans, but added the firm is not in a rush to develop it.

Demerged BHP may not hold on to coal assets for long: analysts

The division contributed just $746 million of the $21.12 billion earnings BHP reported for the 2013 financial year.

Canada’s Manitoba to open bids for major potash deposit

The potential mine could generate $2 billion worth of royalties for the province over the course of 40 years, and sustain close to 600 jobs.

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

Division encompasses the Spence and Cerro Colorado copper mines.

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

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

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

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

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

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

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

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.

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.

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

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

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

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

BHP Billiton a step closer to selling-off non-core operations

World's largest mining company said to be unloading all of the non-core units acquired after the merger with Billiton 13 years ago.

BHP’s Mount Arthur coal mine evacuated on bomb threat

The incident comes on the heels of jobs reductions announced last week, which affected about 50 contractors.

Miners profits sank 72% over past year, lowest level in a decade

Global net profits have dropped to $20 billion in the last year, with gold, coal and diversified miners being the worst affected.

Iron ore port strike worries lift prices from two-year low

Iron ore prices came back from the dead Wednesday on worries over a shutdown of Australia's largest export port.

Glencore’s CEO Glasenberg blames big miners for iron ore collapse

He said rivals BHP Billiton, Rio Tinto, and Vale has put too much pressure on prices through their aggressive brownfields expansions.

BHP Billiton announces major shake-up of non-core operations

The news comes of the heels of the creation of a new aluminum division, BHP Billiton Aluminum Pty Ltd.

BHP Billiton ready to offload Guinea iron ore stake

World's No. 1 steelmaker, ArcelorMittal, said to be the most likely buyer of BHP's stake in Mount Nimba.

Make way for more driverless trucks: BHP

The autonomous trucks cut costs by reducing the need to house, feed and employ four drivers.