China’s Energy Demands Fuel Bonanza for BHP and Rio
The Australian reported that BHP's and Rio Tinto's contracts with China and Japan for iron ore and coking coal are about to be renegotiated.
Articles Tagged "bhp"
Rio Tinto's Debt Gamble, BHP Builds
Arch Coal has completed the acquisition of Rio Tinto's Jacobs Ranch coal mine for $764 million. For Rio Tinto, under tremendous pressure to reduce its $42-billion debt, the selling spree has just got underway. Meanwhile, rival BHP Billiton is sitting pretty with $18 billion in cash, and is eyeing 5 acquisitions. So is Western Coal.
BHP Billiton Coal Berth Blocked by Greenpeace Ship as Protest Continues
BHP Billiton Ltd, the world’s leading mining company, has had a berth at the Hay Pt. coal terminal blocked by a Greenpeace ship, the activist group said, a day after protesters forced loading to be stopped. For full story, click here
BHP Billiton declared loading at Coal Terminal Stopped by Protest
BHP Billiton, the world’s largest mining company, halted loading at the Hay Pt. coal terminal in Australia’s Queensland state because of disruption by Greenpeace protesters. For full story, click here
BHP Billiton will expand Mt. Arthur Thermal Coal Mine
BHP Billiton, the world’s leading mining company, declared that it would spend $260 million to expand output at the Mt. Arthur thermal coal mine in Australia by 30 percent amid a rebound in demand. For full story, click here
Indonesia Investors has eyed BHP Billiton Coal Project
About four Indonesian investors are interested in taking over a coal project owned by BHP Billiton Ltd. For full story, click here
BHP Billiton declared 2009 steel-making coal prices slipped 58%
Global miner BHP Billiton has agreed to take a 58 percent price cut for the coal it sells to major steel-makers, in line with market expectations and a sharp dip in the international steel industry. Sydney-based Patersons Securities coal analyst Andrew Harrington stated: We had assumed 60 percent decline. For full story, click here
BHP Billiton Mitsubishi will partly close Norwich Coal Mine
BHP Billiton Mitsubishi Alliance declared that it will partly close its Norwich Park coal mine in Australia’s Queensland state for one month beginning in June. For full story, click here
Coal India recruited 343 freshers this season
Coal India has recruited 343 freshers from prestigious IITs and IIMs in the current placement season, more than double the number it had hired last season, even as its global peers like Rio Tinto and BHP Billiton have cut jobs amid global economic slump. Coal Chairman Partha S Bhattacharyya stated: We have hired 343 professionals [...]
BHP Billiton laid off 400 coal mine workers
BHP Billiton Ltd has slashed nearly 400 jobs held by outside contractors at coal mines in Australia. For full story, click here
