BHP Billiton to take a $2.8 billion write-down on US assets
With this impairment BHP will have written down its oil and gas business by more than $4 billion since 2011.
Latest Stories
Nevermind the machines how about paying attention to the minerals?
"There are probably 300 data points available around a typical truck or shovel at a mine site. Not one of those data points relate to the value of that asset being carried."
Only permanent supply cuts can lift metal prices
The availability of cheap money has seen boards postpone hard decisions about uneconomic capacity says Macquarie in new report.
Suncor Energy tests use of radio waves instead of water at oil sands
Instead of high-pressure steam, Canada's largest oil and gas producer wants to send radio waves down to heat the bitumen.
$85 billion in write-offs may fuel small gold mining stocks
Projects are being re-distributed among more players, and smaller companies are getting a chance to grow.
INFOGRAPHIC: Data shows investing is heavily biased by Geography
For investors, there’s no place like home. Data shows that investors are heavily sector-biased based on where they live.
Congo’s Gecamines sells copper assets to Chinese for $52 million
The deal increases Chinese miners presence in Congo, which is Africa’s top copper producer and the world’s largest producer of cobalt.
OPEC, get ready for the second U.S. oil boom
What OPEC countries fear most is a follow-up technological revolution that will lead to a second oil boom in the U.S., and that fear is now being realized.
Wellgreen Platinum’s above ground advantage
"I think in general the investor who are interested in a development stage company tend to be the same group of investors. But if they are looking for that allocation in PGMs, they don't have many options to look at outside of South Africa or Russia. It means there are small group of companies who are our peers."