BHP Mining News

Pile-of-cash dilemma for mining industry once crippled by slump

With metals from zinc to palladium trading at multi-year highs, four of the world’s top producers generated combined free cash flow last year of about $87 million a day.

Wood Mackenzie cuts iron ore price outlook as markets fall again

The UK-based research and consultancy group has dropped its price forecast to $63 a tonne or 12% below last year's average of $71 per tonne.

These are some of the top mining assets on the block

Big mining companies, restored to health following the 2015-16 price crash, are seeking to rationalize their portfolios and acquire assets in line with heightened focus on the best quality minerals and anticipated demand for battery materials.

Output at Chile's Escondida copper mine falls 7.8 pct in 2017

The decline to 903,000 tonnes came despite the start of operations at a new wing.

Vale confirms talks with BHP over Samarco exit

During a meeting with investors and analysts in Sao Paulo, Vale’s investor relations director, André Figueiredo, said it seemed “natural” for his company to become the sole owner of the project.

Vale is said to be negotiating BHP exit from Samarco venture

Vale and BHP Billiton in talks over future of their Samarco iron-ore joint venture, including the possibility of the Brazilian miner taking full ownership.

BHP to fund $181m for more Samarco dam cleanup

BHP has agreed to fund a total of up to $181 m in financial support for the Renova Foundation and Samarco Mineração S.A. (Samarco) until 30 June 2018.

Rio Tinto appoints one of its own as the company’s new chairman

After a nine-month search, the miner has picked the current leader of the remuneration committee, Simon Thompson, to assume the post in March 2018.

BHP tightens belt, targets $1.6bn in cost-cutting at Australian operations

The world’s No.1 miner is targeting as much as $1.6 billion in productivity gains at its iron ore, copper and coal units in the country over the next two years.

Investors force Rio Tinto to ditch plans to have Mick Davis as chairman

Decision comes in the wake of a full-scale investor revolt led by the Investor Forum, a London-based body representing some of the world’s biggest money managers.

South32 to spin off South Africa coal business

Process could lead to a listing of the business on the Johannesburg stock exchange, it said.

Workers at BHP copper mine in Chile end strike over layoffs

Unionized workers at Escondida copper mine in Chile ended a 24-hour strike Friday but may put down tools again next week over company's planned layoffs.

Mining’s innovation deficit: transforming to a new performance model

The mining industry needs to ramp up productivity. The solution lies in adopting lean and design thinking approaches, following key several principles.

Chile’s Escondida workers on strike to protest layoffs

Union claims BHP has laid off about 3% of the mine's workforce without a "legitimate reason."

BHP-Vale deal distances Brazil mine from $53bn in lawsuits

Miners' lawyers filed documents late Thursday requesting that the presiding judge suspend two civil suits from 2015 Samarco dam spill.

UN urges miners to better regulations needed to prevent disasters

According to the UN Environment Program's latest report, most of the 40 significant mine waste accidents in the past decade have involved dams or other storage areas that failed.

New lives for old mines: A method for developing renewable energy at closed mine sites

Here's how to turn closed mine sites, or legacy mines, into independent power plants, storage facilities, or value-added grid-service providers, presenting the opportunity for a second useful life through renewable energy development.

Former Xstrata CEO Mick Davis may become Rio Tinto new chairman

The mining veteran could face competition from internal candidates, including former head of UK gas company Centrica, Sam Laidlaw, who now sits on Rio’s board.

This Aussie miner is about to break into South Korea lithium sector

Pilbara Minerals has announced a potential joint venture with two South Korean companies to develop a lithium processing facility in the Asian country.

BHP needs 120 new workers at its Olympic Dam in Australia

The mining giant will add those jobs during the next 12 months.

Copper miners to see profit grow further in 2018 — report

Profit margins are expected to end significantly higher this year, and this trend to continue over the next two years, a study by S&P Global Market Intelligence shows.

BHP aims for more copper, oil; steers away from EV minerals

BHP CCO Balhuizen says while 2017 marks "tipping point" for EVs entering mainstream of metals demand forecasting, in terms of sales mass move is further off.

BHP to step up copper exploration, expansions to meet electric vehicles sector’s rising demand

World's biggest miner is getting ready to provide enough copper for the 140 million electric cars forecast by 2035.

Electric cars set world's nickel miners on new course

Battery boom promises new and growing market for high-grade nickel products, but half the world's supply of the metal is unsuitable for battery production.

Settlement in $48 billion lawsuit against BHP, Vale postponed again

Samarco JV iron ore mine in Brazil remains closed two years after deadly dam burst.