BHP strengthens iron project
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BHP Billiton will plough a further $US575million ($770million) into expanding its Western Australian iron ore operations in a message to would-be rivals that the company is intent on keeping and growing its market share.
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Three of Asia's largest steel mills agree to pay Brazilian miner Vale 65% more for iron ore this year.
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Anglo-Australian mining giant BHP Billiton say it has made an offer to buy its rival Rio Tinto.
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Anglo-Australian mining group BHP Billiton has said it had made an offer to workers at its Spence copper mine in Chile in a bid to avoid another damaging strike.
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BHP Billiton today announced the approval of the US$990 million Spence Copper Project in northern Chile. The project will have a designed capacity to produce 200,000 tonnes of copper cathode per annum and will have a mine life of 19 years.
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Stock futures rose on Monday, boosted by a flurry of deal news including a report that BHP Billiton has revived plans for a $40 billion takeover of aluminum producer Alcoa Inc. .
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BHP Billiton, the world's largest miner has posted a record annual net profit of 10.45 billion US dollars and delivered an upbeat outlook amid unprecedented global demand for commodities.
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Leading manufacturer of mining equipment announces glad tidings.
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Anglo-Swiss miner Xstrata Plc offered A$3.1 billion ($2.8 billion) on Monday for Australia's fifth-largest nickel producer Jubilee Mines NL, the latest outback miner to catch the eye of a big international firm as metal prices soar.
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The board of the mining company said BHP Billitonâs improved takeover offer of about $147 billion still undervalues the company significantly.
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Announcing record profit and revenue for the past year yesterday, global resources group BHP Billiton says it has decided to award a $2bn bonanza to its shareholders.
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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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HMS Holdings has seen an increase in revenues and net income.
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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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Along with releasing solid results, BHP has upped the ante for rival Rio Tinto.
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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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SYDNEY, Australia (CNN) -- The world&#39;s largest diversified miner, BHP Billiton, has lifted net profit more than 80 percent to a record $3.51 billion on increased output for eight major products.