BHP Billiton Limited (BHP) - NYSE
  • May 8, 2013, 10:27 AM

    Mosaic (MOS +1.6%) represents the best option for an acquirer seeking to gain a foothold in the potash industry, and BHP is the most likely suitor, Bloomberg speculates. On May 26, charitable trusts associated with Cargill’s founding family can begin the process of selling restricted MOS shares they got when Mosaic split from Cargill Inc. in 2011, opening the door to a sale of the whole company.

    | May 8, 2013, 10:27 AM
  • May 8, 2013, 8:27 AM

    BHP Billiton (BHP) says its project to expand production in Western Australia's Jimblebar mine is on schedule and will be completed in Q1 2014, adding annual mining capacity of 35M metric tons. An iron ore handling plant with an annual capacity of 55M tons also will come on stream around the same time next year. BHP +1.2% premarket.

    | May 8, 2013, 8:27 AM
  • Apr. 29, 2013, 7:54 AM
    BHP unveils its latest asset disposal, announcing plans to sell its Pinto Valley copper mine in Arizona and associated rail unit to Capstone Mining (CSFFF.PK) for $650M. The sale takes BHP's total asset sales over the past 12 months to $5B as it reshapes its portfolio to cut non-core operations. Capstone expects the operation to more than double its current output.
    | Apr. 29, 2013, 7:54 AM
  • Apr. 19, 2013, 12:54 PM

    BP (BP -0.4%) says it is pulling back development of phase two of its Mad Dog billion-barrel deepwater oilfield project in the Gulf of Mexico until a review of options is complete. If BP's plans for Mad Dog can succumb to cost pressures, others of BP's upstream projects in the Gulf or around the world also could begin to fall, Upstream says. CVX and BHP are minority stakeholders in the project.

    | Apr. 19, 2013, 12:54 PM | 1 Comment
  • Apr. 18, 2013, 8:09 AM

    Incoming CEO Andrew Mackenzie unveils a sweeping overhaul of BHP's senior management team, streamlining the structure and replacing three key figures once considered possible successors to retiring CEO Marius Kloppers. Key among changes is the retirement of Michael Yeager, head of the petroleum division; he is replaced by Tim Cutt, chief of the diamonds and specialty products division.

    | Apr. 18, 2013, 8:09 AM | 1 Comment
  • Apr. 17, 2013, 4:33 AM

    BHP Billiton (BHP) has reiterated its FY output forecast of 183M tons for its Pilbara iron ore mines in Australia and its guidance of 240M barrels of oil equivalent for its petroleum operations. Shipments from Pilbara rose 6.7% to 37.7M tons in FQ3 but missed expectations of 39.5M tons, while crude production was -2% on year to 55.4M boe vs predictions of 60M. Copper output +9%. Shares -3.2% premarket. (PR)

    | Apr. 17, 2013, 4:33 AM | 1 Comment
  • Apr. 15, 2013, 5:03 AM

    Mining stocks are taking a bit of a hiding following China's slowing GDP growth and the sell-off in precious metals. Rio Tinto (RIO) -4.5% premarket, BHP Billiton (BHP) -3.6%, Barrick Gold (ABX) -3.6%, AngloGold (AU) -5.2%, IAMGold (IAG) -1.2%, Gold Fields (GFI) -5%, Goldcorp (GG) -3.9%, Kinross (KGC) -5.1%, Seabridge Gold (SA) -2.8%, Newmont Mining (NEM) -3.4%, Freeport-McMoRan Copper & Gold (FCX) -2.85% and Anglo American (AAUKF.PK) -3.9% in London. NovaGold (NG) fell 13% on Friday.

    | Apr. 15, 2013, 5:03 AM | 3 Comments
  • Apr. 11, 2013, 8:47 AM

    BHP Billiton's (BHP) freeze on approving new projects may be lifted soon, but Chairman Jacques Nasser signals the company will remain cautious about committing to further big investments. "There is a need to pause," Nasser says, adding that BHP's priorities remain ensuring a single-A credit rating and a progressive dividend policy.

    | Apr. 11, 2013, 8:47 AM
  • Apr. 10, 2013, 11:29 AM

    BHP Billiton's (BHP -0.6%) freeze on approving new projects looks set to thaw, as CFO Graham Kerr says its Jansen project in Saskatchewan, expected to become the world’s biggest potash mine, likely will come up for board approval in the next fiscal year - i.e., anytime after June 2013. Initial production is targeted at 4M metric tons/year, with an eventual ramp-up to 8M.

    | Apr. 10, 2013, 11:29 AM
  • Apr. 10, 2013, 8:48 AM

    BHP Billiton (BHP) expects annual economic growth in China to moderate toward 6% and sees prospects there as its main business risk. China, whose economy grew 7.9% last year, the slowest since 2008, is the world’s biggest metals importer and accounts for 30% of BHP’s sales. So BHP promises more cuts; an annualized rate of $1.9B in cost cuts in the six months to December is just "the start of the journey."

    | Apr. 10, 2013, 8:48 AM
  • Apr. 9, 2013, 10:19 AM
    Several big miners are advancing after Alcoa (AA) last night said global end market demand growth was solid and it continues to expect global aluminum demand to rise 7% in 2013. In early trading, RIO +3.3%, BHP +2.2%, VALE +2.6%, FCX +2.1%, CLF +4.4%.
    | Apr. 9, 2013, 10:19 AM | 4 Comments
  • Apr. 9, 2013, 9:58 AM

    Global mining companies have extracted copper from Chile for decades, but they're now also considering new investments in North America as copper ore grades decline at Chilean mines and production costs rise. The shale gas revolution in the U.S. and its impact on electricity prices could be one incremental positive that helps attract mining investment to the U.S., analysts say.

    | Apr. 9, 2013, 9:58 AM
  • Apr. 8, 2013, 7:51 AM

    Unions representing workers at Chilean state copper producer Codelco and mining companies including BHP Billiton (BHP) and Anglo American say they will announce a planned nationwide strike today. Codelco, which owns ~11% of the world's copper reserves, wants to raise output to 1.7M metric tons this year but is facing renewed labor unrest, skidding ore grades and accidents.

    | Apr. 8, 2013, 7:51 AM
  • Apr. 4, 2013, 8:07 PM

    Australian miners are trading higher today, regaining much of what they lost in the previous session after metal futures rose overnight in London: BHP Billiton (BHP +1.7%), Rio Tinto RIO +1.5%), Fortescue Metals Group (FSUMY.OB +1.6%), and Newcrest Mining Ltd. AU:NCM +1.92% (NCMGY.PK +2.2%).

    | Apr. 4, 2013, 8:07 PM
  • Apr. 4, 2013, 7:42 AM

    The iron ore market will be move into surplus this year for the first time in a decade, says Morgan Stanley, and continue there until at least 2018. It's not rocket science - mine expansion projects announced during the boom years are coming online just at the time demand begins to slump. The question for miner investors: Is this already baked into their stock price?

    | Apr. 4, 2013, 7:42 AM | 2 Comments
  • Apr. 2, 2013, 7:52 AM

    Exxon Mobil (XOM) and BHP Billiton (BHP) plan to build the world's biggest floating natural gas processing plant to tap into the Scarborough natural gas field off Western Australia. They're seeking government approval for the multibillion dollar project, and targeting first production as early as 2020. The move is a vote of confidence in the untried technology, which energy companies hope will help cut costs.

    | Apr. 2, 2013, 7:52 AM
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