BHP Mining News

Australia sees iron ore prices only getting worse

The country's commodities forecasting agency expects average price to fall to $90 a tonne over the next five years.

Hundreds of workers sacked at BHP's Escondida in Chile

The cause of their dismissal is their involvement in demonstrations for better wages and benefits early this month.

BHP refutes accusations of bribery linked to the Beijing Olympics

The miner allegedly provided inducements, hospitality and gifts to Chinese and other foreign officials before and during the 2008 Olympics.

Iron ore fall strikes projects, miners and frightens investors

The steelmaking commodity hit a 2½-month low Monday as Chinese steelmakers resist restocking frightened by weakening economic data.

BHP imminent asset sales could raise $25 billion

The mining giant is rushing to sell at least 10 non-core assets to reduce debt and simplify its operations.

US big winner in Colombia’s coal industry troubles: report

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.

BHP hits a $4 billion nickel jackpot

The discovery of the Venus deposit could reshape the future profitability and direction of BHP's struggling Nickel West business.

Terrorists attack Colombia's largest coal mine

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.

Kloppers to walk out of BHP with $75 million in his pocket

If paid, the exit package will put Kloppers in the league of Macquarie Bank’s former CEO, Allan Moss, who got $80 million.

Drop in iron ore prices to hit BHP profit again

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.

BHP cuts more Olympic Dam jobs

The giant miner is struggling to keep its massive Olympic Dam project competitive in the current environment.

BHP criticized for 'inhumane' conditions on site

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.

BHP axes coal costs, fuels aluminum writedown speculation

In its half-year production update, BHP highlighted challenges faced by its aluminum and nickel businesses.

Rio Tinto fighting to keep Australia in top iron ore producer spot

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.

BHP Billiton sued over sale of Ekati diamond mine to Harry Winston

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

Cutifani lined up for top job at Anglo

Two sources familiar with the situation said Cutifani will replace Carroll.

Iron ore miners ending 2012 on a positive note

Vale, Rio Tinto and BHP Billiton reach an almost one-year high.

Seven familiar names shortlisted to head Anglo

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.

2012: The year of mining CEOs turnover

What do former CEOs Cynthia Carroll, Aaron Regent, Marcelo Awad and Diego Hernández have in common?

BHP Billiton looks for new CEO outside mining

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 sells first bond offering in Australia in over a decade

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 hopes for an extension to Olympic Dam expansion plan

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 to restart manganese operations in Tasmania by the end of August

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.

With 4 mega-projects sucking up $120 billion, BHP vows to 'live within its means'

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.