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BHP Billiton Limited (BHP)

  • Mar. 20, 2012, 7:52 AM
    As expected, Australia passed a contentious mining tax expected to raise $11B over the next 3 years. "We've got a spectacular resources boom," says PM Gillard, "It makes sense to take some money from the turbo-charged section of the economy and share it more broadly." Will the tax be repealed when the boom turns bust?
    | Mar. 20, 2012, 7:52 AM | 3 Comments
  • Mar. 20, 2012, 7:09 AM
    Miners are leading declines in Europe following a BHP executive's comments that Chinese demand for iron ore is flattening out. Competitor Rio Tinto (RIO) quickly trotted out one of its execs to say solid growth continues in China, but the damage was done. BHP -2.9%, RIO -3.3% premarket. Aussie dollar -1.1%.
    | Mar. 20, 2012, 7:09 AM | Comment!
  • Mar. 19, 2012, 10:34 PM
    "Contrary to the patient's screams, the RBA doctors believe the pain isn't so bad," writes Michael Pascoe of Australian central bank minutes that seem to dash hopes of an immediate rate cut. The aussie immediately rose on the release, but has since fallen amidst BHP's admission of flattening Chinese demand. Aussie -0.3% at $1.0571. Shares in Sydney -0.7%, Shanghai -1%.
    | Mar. 19, 2012, 10:34 PM | Comment!
  • Mar. 19, 2012, 7:59 PM
    BHP Billiton (BHP) is reevaluating massive spending plans as slowing Chinese growth necessitates a more cautious outlook for commodity demand. It plans to closely review where Chinese demand for iron ore is likely to peak before committing to a $20B+ investment in mine and port infrastructure in Western Australia's Pilbara region.
    | Mar. 19, 2012, 7:59 PM | 6 Comments
  • Mar. 2, 2012, 8:09 AM
    Iron ore prices continue to climb, prices up more than 22% since October as supply growth slows down amid postponements of new mines and expansions. "The wall of additional iron-ore supply that investors have been fearing is going to be late," says an asset manager. VALE +19.5%, BHP +9.4%, RIO +17% YTD.
    | Mar. 2, 2012, 8:09 AM | Comment!
  • Feb. 29, 2012, 12:54 PM
    The gorillas in iron ore - BHP, RIO, and VALE - are in talks to join China's 1st physical trading platform for the mineral, another in a series of major changes for the industry. For 20 years, the price of ore rarely varied from the $10-14/ton range, but things changed in 2004 when the big 3 jacked the price, which rose as high as $180 last year (currently $140).
    | Feb. 29, 2012, 12:54 PM | 2 Comments
  • Feb. 14, 2012, 6:24 AM
    BHP (BHP) and Rio Tinto (RIO) are to invest a combined $4.5B to expand the Escondida mine in Chile, the world's largest copper mine, as they look to boost output to meet the growing demands from China and other emerging nations. BHP also plans to reopen its idled Pinto Valley mine in Arizona. (Rio PR, BHP PR .pdf)
    | Feb. 14, 2012, 6:24 AM | Comment!
  • Feb. 9, 2012, 3:00 PM
    The world is now a more "somber, sober place," says Rio Tinto (RIO -1.5%) CEO Tom Albanese, after the latest write-down of his $38B 2007 purchase of Alcan brings the total to more than 50% of the deal. A 34% dividend increase is small consolation to shareholders who have seen returns sharply lag competitor BHP.
    | Feb. 9, 2012, 3:00 PM | Comment!
  • Feb. 8, 2012, 10:29 AM
    BP (BP -0.1%) announces plans to develop a major new gas field in the Gulf of Mexico with partners Chevron (CVX +0.4%) and BHP Billiton (BHP -0.8%). The plans are phase two of the partnership's Mad Dog development, a field capable of producing 120K -140K boe per day. BP has a 60.5% working interest in the project, BHP a 23.9% stake and Chevron 15.6%.
    | Feb. 8, 2012, 10:29 AM | Comment!
  • Feb. 8, 2012, 3:42 AM
    More on BHP (BHP) H1: Performance hurt by lower output at BHP’s Australian coal ops because of floods, strikes and lower copper output in Chile, lower metal prices, and higher costs. Gives "cautious" market outlook due to EU debt crisis, and general manufacturing and construction weakness. Shares flat in London. (PR .pdf)
    | Feb. 8, 2012, 3:42 AM | Comment!
  • Feb. 8, 2012, 3:38 AM
    BHP Billiton (BHP): H1 net profit -5.5% to $9.94B vs consensus of $10B, revenue +9.7% to US$37.48B. Ups dividend to $0.55 from $0.46 a year earlier. (PR .pdf)
    | Feb. 8, 2012, 3:38 AM | Comment!
  • Feb. 1, 2012, 3:42 PM
    Industrial metals enjoyed January's risk rally, with the basket of futures trading on the LME rising 10.9%, led by tin (JJT), up 26.5%. Looking to sink below $3/lb. 3-4 months ago, copper (JJC) has rallied all the way back to $3.84, and resurfaced bullish talk that there's just not enough of the metal being mined.
    | Feb. 1, 2012, 3:42 PM | 1 Comment
  • Feb. 1, 2012, 10:40 AM
    China plans to restart nuclear projects at a slower rate and will take a more cautious approach, according to a report from China Daily. The latest government estimates show only 3-4 projects slated to be approved each year with construction kicking in between 2013-2015. Companies such as CCJ, UEC, RIO, and BHP stand to gain with a more ambitious nuclear initiative program in the nation.
    | Feb. 1, 2012, 10:40 AM | Comment!
  • Jan. 31, 2012, 4:16 PM
    BHP Billiton (BHP) says workers at its Port Kembla Coal Terminal in eastern Australia will launch a seven-day strike starting on Wednesday after negotiations failed to resolve a labor dispute. The action threatens to halt operations at the terminal, which ships coking coal and some thermal coal for companies including Peabody Energy (BTU) and Xstrata (XSRAY.PK).
    | Jan. 31, 2012, 4:16 PM | 1 Comment
  • Jan. 25, 2012, 8:05 AM
    Shares of Walter Energy (WLT) move up 3.6% in premarket trading after analysts line up the coal producer for the steel industry as a potential candidate to get snapped up for as much as $120 per share. Potential buyers: BHP, AAUKY.PK, MT.
    | Jan. 25, 2012, 8:05 AM | Comment!
  • Jan. 23, 2012, 3:00 PM
    BHP Billiton's $22B Port Hedland expansion takes another step closer to reality even as skeptics believe it would be easier just to buy a junior partner who already has access to the port. Deutsche's Paul Young disagrees, saying BHP's ambitions - a near doubling of iron ore exports by 2020 - can only be met with the expansion.
    | Jan. 23, 2012, 3:00 PM | 1 Comment
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Company Description
BHP Billiton Ltd is a natural resources company. The Company is engaged in the producing commodities, including iron ore, metallurgical and energy coal, conventional and unconventional oil and gas, copper, aluminium, manganese, uranium, nickel and silver.