BHP Billiton Limited (BHP) - NYSE
  • 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
  • Dec. 6, 2012, 8:18 AM

    BHP Billiton (BHP) shuts its uranium division, responsible for its Australian Olympic Dam copper and uranium mine, in a reflection of dimmed prospects for the nuclear fuel. BHP is now looking at less capital-intensive options for the mine, focusing on copper.

    | Dec. 6, 2012, 8:18 AM
  • Dec. 5, 2012, 7:45 PM
    Speculation continues to build on rumors that BHP Billiton (BHP) is considering a bid for Walter Energy (WLT). BHP is said to be considering a $55 per share all cash offer, and if true, would be the "swan song" for current WLT CEO Marius Kloppers, whom which BHP is said to be planning a successor for. Xtrata's Mick ‘the miner’ Davis is said to be a frontrunner to take his place. BHP -0.2%, WLT -2.3% AH.
    | Dec. 5, 2012, 7:45 PM | 1 Comment
  • Nov. 30, 2012, 10:00 AM
    Walter Energy (WLT +4.4%) shares surge in early trading as renewed chatter of takeover interest from BHP Billiton (BHP) makes the rounds. WLT was the subject of rumored interest from the likes of BHP, Rio Tinto and others late last year (I, II).
    | Nov. 30, 2012, 10:00 AM
  • Nov. 29, 2012, 8:28 AM
    BHP says it is looking inside and outside the company as well as using external advisers to help with succession plans for outgoing CEO Marius Kloppers. BHP has not said when it expects Kloppers to leave, but identified succession planning for all its senior executives as a top priority following a report that a search for a replacement had begun.
    | Nov. 29, 2012, 8:28 AM
  • Nov. 28, 2012, 4:44 PM
    Chevron (CVX) and ConocoPhillips (COP) are the top bidders in the U.S. auction for drilling rights in the western Gulf of Mexico. CVX submitts the top sum of high bids at $56M, and pays the top bid for a single tract ($17.2M). COP submits the most high bids, 62, worth $52M overall. Exxon's (XOM) four successful bids are in deepwater blocks that will take years to develop.
    | Nov. 28, 2012, 4:44 PM
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