Coal Investing News» bhp

China’s Energy Demands Fuel Bonanza for BHP and Rio

Jessica Oman — Mon, 28 Feb 2011 18:49:27 +0000

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.

Rio Tinto's Debt Gamble, BHP Builds

Mike Rodger — Fri, 02 Oct 2009 07:55:27 +0000

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

Mike Rodger — Thu, 06 Aug 2009 12:51:36 +0000

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

Mike Rodger — Wed, 05 Aug 2009 10:41:40 +0000

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

Mike Rodger — Fri, 24 Jul 2009 06:04:36 +0000

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

Mike Rodger — Fri, 26 Jun 2009 15:55:05 +0000

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%

Mike Rodger — Wed, 10 Jun 2009 13:43:13 +0000

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

Mike Rodger — Fri, 08 May 2009 11:13:22 +0000

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

Mike Rodger — Mon, 06 Apr 2009 17:36:23 +0000

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

Mike Rodger — Thu, 26 Mar 2009 10:28:44 +0000

BHP Billiton Ltd has slashed nearly 400 jobs held by outside contractors at coal mines in Australia. For full story, click here