BHP Billiton News
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Iron ore prices may be down, but that hasn't stopped Rio Tinto from making plans for the biggest iron ore mine in Western Australia's Pilbara region.
With three producing copper mines, two development projects and various exploration projects, Canada's Capstone Mining has a lot on the go.
A significant drop in benchmark iron ore prices and wider spreads for lower-quality ore has walloped Fortescue's realized prices and pinched its profits and free cash flow generation.
Tugboat workers at Australia's Port Hedland are again threatening to strike , raising the prospect of disruptions to shipments of iron ore, which is the country's biggest export earner.
Iron ore extended losses to the lowest level in a month after Goldman Sachs Group Inc. said increasing production from Australia and Brazil will deepen a global glut every year through 2018.
Australia''s S&P/ASX 200 added 0.6% as regional sentiment was helped by a positive session on Wall Street overnight.
Less than a year back in Q3 2013 Vale had handily beaten earnings expectations " of 64 cents per [American Depositary Receipt] by 12.5%."
Today was a solid day for the markets and investors at last we saw the market putting some good ruins on the board and the ASX 200 hit a new 6 year high.
BHP stands to gain about $77 million per year from repeal of Australian carbon tax worth about a total of $7 billion.
Blue chip stocks underpinned the market, with the 'Big Four' banks gaining ground and global miners rising as zinc hit a three-year high and aluminium touched a 16-month peak overnight.
Silver Investing News recently covered the world's top silver-producing companies and countries of 2013, and if there's one takeaway from those lists, it's that silver is usually produced as a by-product.
BHP Billiton Ltd., the world's biggest mining company, said fourth-quarter iron ore output gained 19 percent, beating analyst expectations, and flagged increased production this fiscal year after expanding mines.
BHP Billiton Ltd. exported more iron ore than expected from mines in Australia's northwest last fiscal year even after lifting guidance twice, as the world's largest mining company aimed to squeeze more from its operations.
Picture taken December 2, 2013. REUTERS/David Gray/Files Following the success of the Abbott government to repeal the carbon tax law, BHP Billiton is challenging the Coalition to also repeal another tax initiated by the past Labor government under former Prime Minister Ironically, BHP helped draft the law that created the minerals resource rent tax ... (more)
As other companies get more proactive with share buybacks and return improvements, Itochu has lost some of its comparative luster.
Updated: Mon Jul 28, 2014 04:28 am
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