BHP Billiton News
News on BHP Billiton (Ticker: BHP) continually updated from thousands of sources around the net.
3 hrs ago | Seeking Alpha
CSN is one of Brazil's largest steel producers, and particularly in higher-value steels, and one of the world's largest iron ore miners. CSN is heavily leveraged to stronger auto/truck, construction, and energy activity in Brazil, as well as better global iron ore prices.
7 hrs ago | Sys-Con Media
Today, Analysts Review released its research reports regarding Ralph Lauren Corporation , Continental Resources, Inc. , Baker Hughes Incorporated , BHP Billiton Limited and U.S. Silica Holdings, Inc. . Private wealth members receive these notes ahead of publication.
Sagging iron ore prices raise the prospect the world's biggest miners will shelve plans to return excess cash to shareholders in February, despite promises to investors who had hoped to reap the benefits of two years of austerity. Stung by slower growth in China, global miners have reined in expansion plans and brought in new management to sell assets and drive their mines harder, raising hopes that BHP Billiton alone could hand back up to $8 billion to investors.
The prices of BHP Billiton Ltd shares have declined to close to the 52-week low of $64.42, which is 15.2% off the 52-week high of $73.91. BHP Billiton is owned by 6 Gurus we are tracking.
RIGP is well contracted through 2017, offering investors a strong line of sight into the company's cash flow generation capacity. Transocean Partners LLC is a growth oriented limited liability company formed by Transocean , one of the world's largest providers of offshore contract drilling services, to own, operate, and acquire offshore drilling rigs.
China will ban the import and local sale of coal with high ash and sulphur content starting from 2015 in a bid to tackle air pollution, with tough requirements in major coastal cities set to hit Australian miners. The National Development and Reform Commission policy comes as prices on the GlobalCOAL Newcastle index slump to a five-year low amid a supply glut and slowing demand from China, the world's top importer.
In the end, the answer to Brazilian miner Vale's Chinese shipping problem turned out to be in the problem itself. ) Valemax mega-ships - designed to cut the costs of transporting iron ore to China - have not been allowed to dock at Chinese ports, stalling the miner's $4 billion strategy.
Shares of BHP Billiton Limited were the target of unusually large options trading activity on Monday. Stock traders acquired 20,854 put options on the company, AnalystRatingsNetwork.com reports.
EOG Resources is the leading oil producer in the plays with the highest growth potential such as Eagle Ford and Bakken. The growth in crude, condensate, and NGL production will continue at healthy double-digit rates in the leading plays where EOG is present.
Not so long ago, Australia was engaged in a bitter dispute over whether the financial benefits of the mining boom were filtering down to the rest of the economy. As a controversial new tax was imposed on the profits of iron ore and coal producers, the sharing of the benefits of the boom became one of the most contested arguments in Australian life.
China 's Shandong Xinfa Aluminum & Electricity Group is in talks with Guinea to invest $14 billion in a bauxite project abandoned by BHP Billiton Ltd. , said a government official with knowledge of the matter. Shandong Xinfa led a group that beat three other bidders in a government tender for the bauxite concession about 150 kilometers north of the capital Conakry, said the person, who asked not be identified as the information isn't yet public.
BHP Billiton Ltd.'s spinoff of discarded assets is forecast to deliver investors a two-thirds uplift in earnings. This prospect may also tempt predators.
Today's decline - the price of benchmark ore for immediate delivery into China dropped another $1 to $82.20/metric ton - came as Goldman Sachs analysts wrote of "the end of the Iron Age," saying the long period of above trend in profitability enjoyed by the iron ore industry has been destroyed by the billions of dollars major producers have ploughed into new, low-cost capacity. The steelmaking material, which is critical to the profitability of several large mining groups including BHP Billiton , Rio Tinto and Vale , has dropped by nearly 40% this year, the worst performance among metals and bulk commodities.
Updated: Wed Sep 17, 2014 01:20 pm
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