The country's commodities forecasting agency expects average price to fall to $90 a tonne over the next five years.
BHP Mining News
The cause of their dismissal is their involvement in demonstrations for better wages and benefits early this month.
The miner allegedly provided inducements, hospitality and gifts to Chinese and other foreign officials before and during the 2008 Olympics.
The steelmaking commodity hit a 2½-month low Monday as Chinese steelmakers resist restocking frightened by weakening economic data.
The mining giant is rushing to sell at least 10 non-core assets to reduce debt and simplify its operations.
South America’s largest coal supplier risks losing its main customers to the US as mounting issues affecting major coal miners in the country have started to disrupt supply.
The discovery of the Venus deposit could reshape the future profitability and direction of BHP's struggling Nickel West business.
The violence comes as union leaders and company executives prepare to hold talks today, hoping to end a strike that is costing the company millions of dollars a day.
If paid, the exit package will put Kloppers in the league of Macquarie Bank’s former CEO, Allan Moss, who got $80 million.
The mining giant's profit is expected to slide for the third consecutive on Wednesday, driven mainly by last year's plummeting iron-ore price.
The giant miner is struggling to keep its massive Olympic Dam project competitive in the current environment.
A registered nurse and former BHP contract worker filed a formal complaint for what he describes as "disgusting" working conditions at the company’s Marradong bauxite mine.
In its half-year production update, BHP highlighted challenges faced by its aluminum and nickel businesses.
Even with significant ore bodies coming on stream from 2015 onwards in Brazil (Anglo’s Minas Rio and Vale’s Serra Sul), Australia will be able to keep its crown in this commodity kingdom thanks to Rio, say analysts.
C. Fipke Holdings Ltd. (Fipco), a joint-venture partner, is suing BHP Billiton over its plan to sell its stake in Canada’s Ekati diamond mine and nearby exploration properties to Harry Winston Diamond Corp
Two sources familiar with the situation said Cutifani will replace Carroll.
Vale, Rio Tinto and BHP Billiton reach an almost one-year high.
Well-known executives headhunted from major mining companies such as BHP Billiton, AngloGold Ashanti, Barrick Gold and Xstrata have made the cut to become Anglo American’s new CEO.
What do former CEOs Cynthia Carroll, Aaron Regent, Marcelo Awad and Diego Hernández have in common?
BHP Billiton's (NYSE:BHP), the world's largest mining company, has not been successful in its quest to find a suitable successor to Marius Kloppers, as the South African approaches his sixth year as chief.
BHP Billiton sold Tuesday A$1 billion ($1.02 billion) of bonds in its first offering of debt in the Aussie market in more than a decade, as the company announces cutbacks at its iron ore mines.
BHP Billiton, the world's number one miner, has put its $30 billion Olympic Dam copper-uranium expansion back in the spotlight by asking South Australia state for a 46-month extension for the project.
BHP Billiton (NYSE:BHP) surprised the market this morning with good news by announcing it will restart its TEMCO manganese operations in Tasmania by the end of August.
BHP's four largest projects – Olympic Dam, the Outer Harbour iron ore infrastructure project in Australia, expansion of its US shale gas operations and Jansen potash in Saskatchewan, Canada – require $120 billion in capex costs, but will only start to contribute to the bottom line by 2023.
Week after flagging diamond division sale, BHP says likely no new investment in aluminum and nickel arms
Finance News Network reports BHP Billiton's CEO Marius Kloppers says the miner will likely stop investing in its "tough" aluminium and nickel divisions and run them as "lean and mean as possible". The comments are fuelling speculation that BHP will lob off the two divisions and come just one week after the company said it would decide by January next year whether to get out of the diamond business altogether.