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RIO Tinto chief Tom Albanese hits town on Thursday to address the Melbourne Mining Club and talk up Rio's value in the face of BHP Billiton's hostile $138 billion scrip takeover bid. He could do worse than simply hand out copies to the 750 mining types...
Metals Group is closer to gaining access to Pilbara railways owned by its iron ore rivals with the High Court today ruling some tracks are not part of BHP Billiton's production process. The ruling is part of a long running battle by Fortescue (fmg.ASX:...
Tags: bhp, BHP Billiton, Pilbara, Fortescue Metals Group, production process, pilbara railway, railway line, Rio Tinto, party access
Investors can take a breath as the Australian share market recovers some ground after a tumultuous week. The controversial ban on short trading by the ASX assisted the recovery. Australia's biggest company BHP Billiton jumped 12% in value.
BHP Billiton plans to use its new-found muscle in uranium to change the marketing of the radioactive material from long-term fixed price to spot-price index-linked contracts. The push comes as the group wears the pain of having to cover low-price contract...
Tags: bhp, iron ore, BlueScope Steel
In a US version of its annual report released yesterday, the chairman, Don Argus, expressed disappointment in BHP's recent share price performance. BHP shares peaked at a record $49.55 in mid-May but have since fallen 27 per cent, although closing 35c...
Tags: bhp, iron ore, China Iron, steel mills, BHP Billiton, price rise
BHP Billiton, the world's largest mining company, says falling commodity prices and a slowing global economy will convince investors to support its $US121.5 billion ($151 billion) hostile bid for Rio Tinto. Shareholders are likely to favour the takeover...
Tags: bhp, BHP Billiton, iron ore
India is seen by both Rio and its predator, BHP Billiton, as having potential for commodity demand growth of the kind delivered by China this decade as it spurred a global commodities boom. Rio expects India, which currently exports about 80 million tonnes...
Tags: bhp, BHP Billiton, iron ore
BHP, the world's largest mining company, filed a request to build the plant and two 110-mile (180-kilometer) pipelines that would carry water from the Pacific Ocean to the mine in Chile's Atacama Desert, said Santiago-based BHP spokesman Mauro Valdes.
Tags: bhp, BHP Billiton, Chile
Mining firm BHP Billiton has suspended all iron ore production in Western Australia after the deaths of two workers in the space of ten days. A worker at the Yandi mine, in the Pilbara region, was killed on Thursday following a collision between a light...
Tags: bhp, BHP Billiton, Yandi, yandi mining, Western Australia
The company said that an "incident" occurred at the Cape Lambert operation in the Pilbara on August 31, damaging a rail car dumper and resulting in the partial suspension of iron ore unloading activities. Rio Tinto said it had "advised its customers of...