BHP Mining News

BHP presents united front against activist Elliott

Ken MacKenzie defended CEO after attacks from activist investor Elliott Advisors prompted speculation that the end of Andrew Mackenzie's tenure was imminent.

BHP presents united front against activist Elliott

Pressure has mounted on BHP and its chief executive since Elliott went public in April with its criticisms of the miner's strategy.

BHP's copper production up sharply, iron ore down

Fire shrinks Mt Whaleback iron ore production, but output at world's largest copper mine Escondida in Chile jumps 23%.

Mitsui to build desalination plant for BHP’s Spence copper mine in Chile

The project will be the Japanese company’s first desalination plant and it is estimated to require an investment of around $623 million (70 billion Yen).

Elliott tours BHP investors in renewed push for radical shake-up – sources

Representatives from Elliott have in the last month met with major BHP investors based in London, South Africa and Australia to lay out the activist fund's arguments for an overhaul of the miner.

Iron ore dangerously close to $60 a tonne

Ongoing concerns that looming steel production cuts in China on environmental grounds will sap steel mill demand continue to weigh on prices.

Top iron ore exporter sees price dipping below $50 a tonne by 2019

Australia’s Department of Industry, Innovation and Science sees iron ore prices averaging $50 a tonne next year, and dropping to $49 a tonne in 2019.

Robots under Swedish forest breathe life into ancient mines

Mining ihas been one of the last sectors to use a surge in computer processing power, cloud data storage and complex algorithms to make sense of huge amounts of scattered information - routine in today’s retail and manufacturing businesses.

China to revoke over 1,000 iron ore mining licences amid pollution crackdown

Figure represents about a third of the country's iron ore mines currently in operations.

BHP says 2017 a ‘tipping point’ for electric cars

Arnoud Balhuizen, head of marketing at BHP, said the impact of the looming electric vehicle boom for raw materials producers would be felt first in the metals markets and only later in oil.

Iron ore sheds almost 4 pct more — worst week since May 2016

The commodity has fallen every week so far in September.

New chairman set to test BHP's commitment to Jansen potash

Ken Mackenzie vowed "to bring a fresh perspective to management’s ongoing process of reviewing the portfolio" and "the way we allocate cash".

BHP Olympic Dam produces first copper cathode from heap leach pilot plan

Bureau Veritas’ state-of-the art mineral testing facility in Adelaide is supporting BHP and South Australia to achieve their Copper Growth Strategies.

BHP Billiton Foundation launches two new transparency projects

BHP Billiton Foundation announced Tuesday its financial support for two new global projects launched at an event held in Washington DC.

BHP’s shareholders to vote whether firm should leave Australia’s top mining lobby group

Investors to vote on the two resolutions submitted ethical investing group ACCR at BHP’s annual general meeting in London in October.

Aussie consortium to spend $12m in research to boost copper production

Initiative is part of South Australia’s government strategy that aims to triple the state's copper production to one-million tonnes a year by 2030.

Copper, iron ore price drops bring mayhem to mining stocks

Is the industrial metals and steelmaking raw materials rally at en end?

Macquarie says iron ore, coal prices to remain strong into 2018

Prices for iron ore and coking coal, the two key ingredients for steelmaking, are set to remain buoyant for the remainder of the year, Macquarie Bank predicted in a recent report.

BHP hires Barclays, Citi for US shale gas divestment — sources

The business could fetch around $10 billion, two banking sources said.

BHP seeking $2 billion Jansen stake sale

Working with an investment bank to off-load 25% interest in giant potash project in Saskatchewan according to new report.

Shale may be gone but BHP won't ditch potash

After pressure BHP is exiting oil and gas. Expect similar calls for shelving its $12 billion Jansen potash project in Saskatchewan to fall on deaf ears.

BHP Billiton to replace two directors in board shake-up

Controversial director Grant King is stepping down, only six months after joining the company amid concerns among investors over oil investments.

BHP says not to seek go-ahead for its Jansen potash project in 2018

Due to uncertain timing on the need for the commodity used as fertilizer

BHP exiting oil and gas

After posting a fourfold rise in profits, world's number one mining company now "actively pursuing options to exit" its US oil and gas business bought for $20B six years ago.

BHP commits $2.5bn to extend life of Spence copper mine in Chile

Project will extend the life of its Spence copper mine in Chile by over 50 years, at a time when copper prices have reach their highest levels since late 2014.