Your Search Returned 150 tagged news reports
The company this morning announced it would sack 2100 employees and contractors at its WA nickel operations and take an additional $US1.6 billion in write downs on its disastrous Ravensthorpe nickel laterite project. It will also reduce the rate of production...
Tags: bhp, BHP Billiton Ltd/Plc, Western Australia, South Australia, mining giant, nickel mining
Some foreign banks are scaling back their lending to markets such as Australia because the cost of banks' borrowing is still very high. That could see Australian businesses unable to refinance $75 billion worth of loans with foreign banks. Prime Minister...
Tags: Kevin Rudd, bhp, Australian, Mr Rudd, BHP Billiton, financial crisis, prime minister, minister kevin, Barack Obama, job cut
Anglo-Australian miner Rio Tinto said Tuesday that it would further cut aluminum output, eliminate 1,100 jobs at its aluminum unit and take other steps to control costs amid weak demand and falling prices for the metal. The measures are part of Rio's...
Tags: rio tinto, Rio Tinto Alcan, bhp, BHP Billiton, aluminium output, beauharnois smelter, aluminum output
Miners and banks drag Australian share market lower at noon January 21, 2009 11:34am THE share market was down further at midday as banks and big miners weighed on the local bourse. Shares fell as the country's biggest company, BHP Billiton, said it...
Tags: bhp, S&P, share market, asx200 index, All Ordinaries
In a letter to shareholders last month, chairman Don Argus said: "If these uncertain conditions persist and significant production cuts become necessary, or any of our operations are cash-negative and are set to remain so, we will respond accordingly."
Tags: bhp, BHP Billiton
S lack of production guidance relative to Rio Tinto has some analysts concerned that its December quarterly figures will fail to meet expectations. BHP is poised to publish its quarterly report tomorrow and the market is bracing for poor production and/or...
Tags: bhp, BHP Billiton, UBS
BHP Billiton, the world's largest mining company, may fall short of the market's production forecasts in the fourth quarter amid falling global demand for its products, analysts say. Rival Rio Tinto Ltd last week released its fourth quarter report for...
Tags: bhp, rio tinto, australia, BHP Billiton
Not only has the value of commodities such as iron ore, coal and nickel fallen at a time when businesses abroad are halting orders as banks cut back on credit. "The speed and magnitude of the global drop in demand for some of Queensland's leading mineral...
Tags: bhp
Debt-laden Centro Properties Group has completed a long-term refinancing agreement with its lenders. Centro said the agreement includes a three-year extension on the $3.9 billion dollars senior syndicated debt facility. In recent trading, securities in...
Tags: Debt-laden Centro Properties Group, bhp, Centro Retail Group, Rio Tinto, refinancing agreement, asx200 index, syndicated debts, S&P, All Ordinaries, cent higher
Rio Tinto, the world's third largest mining company, said Wednesday that its chairman will step down and be replaced by Tata Steel Deputy Chairman Jim Leng. Rio Tinto said Leng would immediately join as chairman designate and assume the top post when...
Tags: bhp, Rio Tinto, Bombay Stock Exchange, National Stock Exchange, Pilbara, iron ore, S&P CNX Nifty, BHP Billiton