BHP Wins Extra $3.2 Bln of Chinese Iron Ore Sales
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BHP Billiton, the world&#39;s biggest mining company, agreed to sell an extra $3.2 billion of iron ore to four Chinese steelmakers, helping underpin expansion of its mines in Western Australia.
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BHP Billiton plans an aggressive $US1.5-2 billion ($2.1-2.8 billion) near-doubling of its coking coal production over the next five years to meet the China-inspired surge in demand for carbon steel-making materials through mine expansions and developments
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Australian mining firm WMC Resources says it is worth up to 30% more than a hostile $5.8bn takeover bid by Swiss rival Xstrata.
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A $3 billion investment from China's government leapfrogs CEO Stephen Schwarzman past rivals.
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Rio Tinto Ltd./Plc.'s   second-half net profit rose 25 percent, driven by higher prices for commodities such as iron ore, aluminum and copper, and said capacity was fully stretched as it tries to meet demand.
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BHP Billiton, the world&#39;s largest miner, approved the $990 million Spence Copper Project in northern Chile and a $575 million expansion of its iron ore operations in Western Australia.
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Soaring demand for copper and other metals from China sends mining giant Rio Tinto's profits up 86%.
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SYDNEY : BHP Billiton said it had struck a 3.2 billion US dollar deal to supply four Chinese steel companies with iron ore over the next decade.
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BHP Billiton sweetened its hostile takeover bid for Rio Tinto on Wednesday by lifting its valuation of the mining giant to 147.4 billion dollars as it seeks to exploit a resources boom driven by China.
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The battle over Rio Tinto intensified after BHP Billiton increased its takeover offer to about $147 billion after a Chinese rival bought a stake last week.
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Anglo-Australian mining giant BHP Billiton say it has made an offer worth $147bn to buy rival Rio Tinto.
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The Australian sharemarket finished sharply higher today as resource giant BHP Billiton helped lead the market to a recovery from yesterday&#39;s falls.
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SYDNEY: Australia&#39;s BHP Billiton the world&#39;s biggest miner, said yesterday that China is likely to be a catalyst for an extended price rise in metals.
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BHP Billiton sweetened its bid for Rio Tinto Wednesday, lifting its valuation of the mining giant to 147.4 billion dollars as it presses for a mega-takeover to exploit a resources boom driven by China.
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SYDNEY : Global mining giant BHP Billiton posted the biggest net profit in Australian corporate history as soaring commodities prices and strong demand from China pushed net profit up 83 percent to 3.51 billion US dollars.
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Mining giant BHP Billiton today unveiled record full-year results after commodity prices soared on the back of surging demand in China.
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The global mining company Rio Tinto reported a 9 percent increase in its profit for the second half of 2007, in part from record iron-ore production.