BHP Billiton Limited (BHP) - NYSE
  • Jan. 23, 2013, 11:06 AM

    BHP Billiton (BHP -0.2%) says in its quarterly production report that the high Australian dollar and weak prices are hurting its local alumina and nickel operations, spurring speculation of possible writedowns or asset sales. BHP could potentially write down the value of its aluminum business by $2B-$3B when it reports half-year earnings next month, Goldman Sachs says. (also)

    | Jan. 23, 2013, 11:06 AM
  • Jan. 22, 2013, 6:08 PM

    BHP Billiton (BHP) forecasts a substantial fall in unit costs at its coal operation in Australia's Queensland state in H2 FY 2013 after it closed two unprofitable mines and increased productivity at the operation. Met coal production across BHP's mines rose 5% Y/Y in the December quarter, but was down 1% Q/Q. Output of iron ore and oil each was up 3% Y/Y; full-year guidance remains unchanged at 240M boe.

    | Jan. 22, 2013, 6:08 PM
  • Jan. 17, 2013, 2:33 PM
    BHP bought 100K metric tons of iron ore on the spot market in a rare move traders see as a strategy by producers themselves to stem a decline in prices as Chinese demand wanes. The cargo is not for immediate delivery, adding weight to the argument that BHP wants to support prices, traders say, though some participants believe BHP’s move may be due to supply issues.
    | Jan. 17, 2013, 2:33 PM | 2 Comments
  • Jan. 15, 2013, 5:11 PM

    Deutsche Bank sees iron ore prices hitting $170/ton in coming weeks, thanks to continued restocking by Chinese steel mills in a tight market and the approaching wet season in Australia (the world’s biggest iron ore producer). But that’s as good as it gets, the firm says, as seasonality and weakness in other steelmaking ingredients sink prices back to the $120 price floor as the year progresses.

    | Jan. 15, 2013, 5:11 PM
  • Jan. 15, 2013, 8:48 AM

    Cliffs Natural Resources (CLF) is cut to Sell from Hold at Dahlman Rose, which believes the run-up in iron ore prices has run its course with CLF most vulnerable to the risk of a quick reversal. The firm also cuts BHP Billiton (BHP) from Buy to Hold to reflect weaker price expectations across its product spectrum, and lowers its price target for Rio Tinto (RIO) to $70 from $95. CLF -1.2% premarket.

    | Jan. 15, 2013, 8:48 AM | 5 Comments
  • Jan. 11, 2013, 2:21 PM

    Stocks in the materials space are among the weakest performers, as miners and steelmakers weigh following hotter-than-expected Chinese inflation data. Among non-precious metals: WLT -5.8%, CLF -4.3%, CENX -9.2%. Also, BHP Billiton (BHP -2.6%) and Rio Tinto (RIO -2.9%) were both downgraded to Neutral from Outperform at Macquarie.

    | Jan. 11, 2013, 2:21 PM | 10 Comments
  • Jan. 11, 2013, 7:43 AM

    Downgrades fly on the big Australian miners with both Rio Tinto and BHP Billiton downgraded to Hold at Macquarie, and BHP downgraded to Hold at BAML. RIO -2.3%, BHP -2.2% premarket.

    | Jan. 11, 2013, 7:43 AM
  • Jan. 10, 2013, 2:51 PM

    Iron ore exporters and energy producers in Western Australia take precautions ahead of a tropical cyclone expected to sweep over the resource-rich Pilbara region by the weekend. Rio Tinto (RIO) suspends loading of iron ore at its Pilbara ports, Apache (APA) prepares to close oil and gas facilities, and Chevron (CVX) secures its Gorgon gas-export construction site.

    | Jan. 10, 2013, 2:51 PM
  • Dec. 27, 2012, 7:31 AM

    A 56% Q4 rally in iron ore prices has some declaring China back and the bear market in the key mineral over. The price at China's Tianjin port has reached $135.40/ton, well more than double the average cost of production in Brazil (VALE) and Australia (BHP, RIO).

    | Dec. 27, 2012, 7:31 AM | 5 Comments
  • Dec. 19, 2012, 3:13 PM

    BHP Billiton (BHP -0.3%) reportedly picks mining venture B&A Mineração as the preferred bidder for its stake in Mount Nimba, one of the largest iron ore deposits in Guinea. B&A, a relative newcomer founded by former Vale CEO Roger Agnelli, beat rivals such as ArcelorMittal (MT) for the deal estimated at $500M-$600M. Newmont Mining (NEM -0.9%) also owns a major stake in the project.

    | Dec. 19, 2012, 3:13 PM | 5 Comments
  • Dec. 19, 2012, 4:25 AM

    BHP Billiton (BHP) is thinking about selling its U.K. petroleum operations, which include crude oil and natural gas fields and a processing plant. The divestments would be part of BHP's strategy of narrowing the focus of its mining and energy portfolio, and follow other deals such as the proposed sale of an Australian gas-export project for $1.63B.

    | Dec. 19, 2012, 4:25 AM | 1 Comment
  • Dec. 18, 2012, 5:27 PM

    Saskatchewan says it will not review how it taxes potash miners until late next year at the earliest, as it waits to see if BHP follows through on plans to develop its huge Jansen mine. Potash taxes in the western Canadian province already are the highest in the world, with producers POT, MOS and AGU collectively paying hundreds of millions annually.

    | Dec. 18, 2012, 5:27 PM
  • Dec. 14, 2012, 2:15 PM
    Steel stocks show solid gains following positive China PMI data; the steel sector often is the most responsive industry to Chinese PMI data. AKS +6.7%, X +6.4%, STLD +5.1%, CMC +3.4%, MT +3.2%, NUE +3%, CMC +2.8%, RS +2.6%, SCHN +2.4%. Iron ore and metallurgical coal stocks also benefit: CLF +4.6%, WLT +3.2%, RIO +3.2%, VALE +3.1%, BHP +1.3%.
    | Dec. 14, 2012, 2:15 PM
  • Dec. 13, 2012, 8:11 AM

    Exxon Mobil (XOM) and BHP Billiton (BHP) plan to spend more than $1B on natural gas processing facilities in southeastern Australia to handle new supplies of the fuel from offshore fields in the Bass Strait. The investment builds on the billions big oil firms are pumping into gas projects targeting an expected jump in Asian demand, and comes despite BHP's focus on cost-cutting.

    | Dec. 13, 2012, 8:11 AM
  • Dec. 11, 2012, 5:02 PM

    BHP Billiton (BHP) sells its 8.33% stake in the East Browse joint venture and 20% interest in the West Browse joint venture, both located off the West Australian coast, to PetroChina (PTR) for $1.63B in cash. BHP exec Michael Yeager says the liquefied natural gas project interests were a non-strategic asset.

    | Dec. 11, 2012, 5:02 PM
  • Dec. 6, 2012, 9:18 AM

    Investors seem to take seriously the latest takeover chatter surrounding Walter Energy (WLT), sending shares +7.5% premarket as vague rumors circulate that bidders could emerge. BHP Billiton (BHP) is said to be interested again; Glencore (GLCNF.PK) could be another candidate; Anglo American has been mentioned in the past. Other coal names are up: ANR +1.9%, CNX +1.6%, ACI +1.3%, BTU +0.8%.

    | Dec. 6, 2012, 9:18 AM | 5 Comments
Company Description
BHP Billiton Ltd. engages in the exploration, development, production and processing of minerals, gas and oil. It operates through the following segments: Petroleum and Potash, Copper, Iron Ore, and Coal. The Petroleum and Potash segment explores, develops and produces oil and gas; plus the... More
Industry: Industrial Metals & Minerals
Country: Australia