BHP Billiton okays Aus iron ore project
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Global resources group BHP Billiton on Monday announced the approval of Rapid Growth Project 2 (RGP2), a $575-million project that will expand the capacity of its Western Australia iron ore operations from 110 million tons per annum (Mtpa) to 118 Mtpa
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Australia's competition body says it would not oppose Swiss mining giant Xstrata's proposed take-over of Australian rival WMC Resources.
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Mining giant BHP Billiton has completed a bigger-than-expected A$2.27 billion (950 million pound) share buyback, driving up its stock price as investors reinvest profits from the tax-efficient deal.
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Mining group BHP Billiton said that full production at its strike-hit Escondida copper mine in Chile would resume next week after it reached a pay deal with workers.
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Anglo-Australian mining giant BHP Billiton was forming a joint venture with Japanese steel maker JFE that would underpin iron ore sales worth $3.
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The worldâs largest producer of iron ore, Companhia Vale do Rio Doce of Brazil, said it was in talks with a rival, Swiss-based Xstrata, about a merger.
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Giant mining group Anglo-American said Thursday it had begun talks with MMX Mineracao e Metalicos SA (MMX) of Brazil to acquire control of two Brazilian iron ore projects for 5.5 billion dollars.
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BEIJING - A group of state-owned Chinese companies has agreed to help finance and build an iron ore and infrastructure project worth nearly $2 billion (Australian) in the Pilbara region of western Australia.
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Sydney - Global resources giant BHP Billiton on Tuesday announced a share buy-back of A$1 billion to A$1.5 billion (R4.65 billion to R6.
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BHP Billiton, Australia&#39;s biggest oil and gas producer, said a second appraisal well at its Shenzi discovery in the Gulf of Mexico found oil, increasing the likelihood the field can be commercially developed.
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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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Anglo-Australian mining giant BHP Billiton said it was forming a joint venture with Japanese steelmaker JFE steel that will underpin iron ore sales worth 3.7 billion US dollars over the next 11 years.
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LONDON (CBS.MW) -- Anglo-Aussie miner BHP Billiton (BHP) (UK:BLT) climbed 2.8 percent to lead FTSE 100 components after it increased its share buyback to A$2.27 billion (US$1.78 billion) from the A$1 billion to A$1.5 billion it had predicted it would buy
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BHP Billiton lifted its bid for mining giant Rio Tinto Wednesday, valuing its target at 147.4 billion dollars as it seeks a mega-merger to exploit the China-driven resources boom.
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BHP Billiton Ltd./Plc. , the worldâs largest diversified miner, said on Tuesday it would buy back up to A$1.5 billion ($1.1 billion) of its shares.
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MELBOURNE - Australian stocks finished 0.1 per cent higher on Friday, underpinned by global mining giants BHP Billiton and Rio Tinto, and ended the week flat, just 10 points off a record high hit 9 days ago.
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Anglo-Australian mining giant BHP Billiton and Alcoa, the world's largest aluminium producer, have agreed to sell their metal services joint venture Integris Metals for 660 million dollars (359 million pounds) including debt, a joint statement said.