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The proportion of unprofitable producers will "inevitably lead to fundamental changes in the global aluminum industry," chief executive Alexander Bulygin said in a statement. Aluminum has fallen 36 percent since July on concern that a global economic...
S confession that the five-year commodities boom was unravelling has triggered a global sell-off in resource equities and mineral commodities. The big four of the industry BHP Billiton, Rio Tinto, Xstrata and Anglo American took their biggest one-day...
Tags: rio tinto, Chinalco, bhp, Rio Tinto PLC, Lehman Brothers, world stock, BHP Billiton Ltd
The ASX 200 was clawing back some of the morning's losses, down 0.66 per cent to 4,307. Rio Tinto, BHP Billiton, Santos and Newcrest Mining were all 4 per cent lower. But mineral sands miner Iluka Resources has bucked the trend, up 5 per cent after announcing...
Tags: bhp
Miner BHP Billiton is cautious about short-term growth in China, but has no plans to cut production and capital spending amid low prices since it is still bullish on long-term metals demand. BHP, however, told Reuters yesterday that it was being careful...
Tags: bhp
In its September quarterly report, released Monday, Fortescue says that the "Chinese market's motivation to encourage the emergence of Fortescue as a strong new alternative seaborne supplier of iron ore has gained further momentum in the last quarter".
BHP Billiton's proposed $122 billion takeover of a reluctant Rio Tinto is as expensive as they come in terms of direct fees and expenses, with BHP estimating the cost at $US3.62 billion ($A5 billion). That amount covers transaction-related taxes and the...
Tags: bhp, BHP Billiton
A TOP adviser to the Chinese Government has warned that a $132 billion hostile takeover of Rio Tinto by BHP Billiton would be harmful to China and unfair to the global economy. Xiaoye Wang, a senior adviser to the State Council and National People's Congress,...
Tags: rio tinto, bhp, BHP Billiton Ltd, Rio Tinto Ltd
United States, said yesterday that the takeover was unlikely to reduce competition despite some "significant'' concerns raised during its fourth month investigation. BHP Billiton's all-scrip offer requires approval from the the United States, Australia,...
Tags: bhp, Australian Bureau of Statistics, RIO Tinto, Rio Tinto, BHP Billiton
US markets were volatile, closing slightly in the red, while Europe was up moderately save for Germany's DAX, which slid 0.42 per cent. S&P/ASX200 was up 25 points, or 0.52 per cent, to 4819.6, while the broader All Ordinaries lifted 19.3 points, or 0.4...
Tags: bhp, financial crisis, BHP Billiton
BHP bid for Rio Tinto Posted October 1, 2008 15:31:00 Updated October 1, 2008 16:07:00 The competition regulator has approved BHP Billiton's bid for Rio Tinto...BHP's offer is still being examined by European regulators, but has received conditional...
Tags: rio tinto, bhp, Rio Tinto Group, BHP Billiton, China, us700 billion, iron ore