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BHP Billiton Limited (BHP)

  • Apr. 11, 2011, 7:32 AM
    BHP (BHP +2.65%) plays down rumors it's in talks to buy Shell's (RDS.A) 24% stake in Australia's Woodside Petroleum (WOPEY.PK) and then make a takeover bid for Woodside worth A$46B ($48.6B). BHP says it isn't "aware of any basis for the market speculation."
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  • Apr. 10, 2011, 1:33 PM
    BHP (BHP) is putting together a $49.14B plan to take over Woodside Petroleum (WOPEY.PK), according to multiple media reports. Its first move will be to buy out Shell's (RDS.A) 24% stake in Woodside, Australia's second-largest oil and gas producer.
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  • Apr. 5, 2011, 11:43 AM
    In a move that could take some of the pressure off of record iron ore prices, India's Supreme Court ends a ban on shipments from the state of Karnataka. A major exporter, India has attempted to keep ore supplies at home to feed domestic steel producers. MXI +0.1%. SLX +0.5%.
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  • Mar. 30, 2011, 11:51 AM
    BHP Billiton (BHP) approves a $554M investment in Chile's Escondida copper mine, the world's largest, to make improvements that should boost production from 2013. Rio Tinto (RIO) holds a 30% stake in the mine, to BHP's 57.5%. Meanwhile, copper today: -2% to $4.259.
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  • Mar. 25, 2011, 11:40 AM
    Brazil's push to oust VALE CEO Agnelli reflects a troubling trend in which developing countries try to reassert control and get their hands on the massive profits of formerly state-owned commodity producers. Petrobas (PBR) has been a target of government meddling as well.
  • Mar. 25, 2011, 8:01 AM
    BHP (BHP -0.7%) will invest almost $10B on expanding iron ore and coal mining operations in Australia, as it tries to develop its large reserves of coal and exploit increasing demand.
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  • Mar. 17, 2011, 9:10 AM
    Premarket gainers: CTIC +11%. SNE +8%. CIGX +7%. KYO +6%. SI +6%. GPL +5%. CPST +5%. FDX +5%. PC +5%. STD +5%. RDS +4%. VOD +4%. RIO +4%. TEF +4%. ARMH +4%. CREE +4%. SNN +4%. TOT +4%. ABB +4%. BBVA +4%. VE +4%. MT +4%. UPS +4%. NOK +3%. ALU +4%. HERO +3%. URRE +3%. CLF +3%. LVLT +3%. BHP +3%. STO +3%. MGM +3%.
    Losers: GMR -30%. GES -7%. KWK -6%. HSOL -6%. NRP -6%. SNBC -5%. LULU -4%. PHI -4%. THQI -3%.
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  • Mar. 12, 2011, 1:37 PM
    Government regulators greenlight another deepwater drilling permit, letting BHP (BHP) get back to work on an oil and gas well off Louisiana's coast. It's the second deepwater drilling permit issued in the last two weeks, and the first in the Gulf of Mexico since the drilling ban was imposed.
  • Mar. 10, 2011, 9:00 AM
    Premarket gainers: GMCR +27%. FCEL +11%. HGSI +10%. SBUX +9%. CBEH +8%. ARNA +5%. SPPI +4%.
    Losers: CSIQ -11%. SSN -7%. GPL -7%. ARMH -6%. PZG -5%. CPST -5%. RIO -5%. ASML -5%. NTAP -4%. STM -5%. EXK -4%. DPTR -3%. SLW -4%. AIXG -4%. RAME -4%. BHP -4%. LKD -4%. GOLD -4%. BBVA -3%. HMY -3%. BCS -3%. BQI -3%. STD -3%. MT -3%. DB -3%. HL -3%. SI -3%. TOT -3%.
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  • Mar. 2, 2011, 7:39 AM
    The aussie recovers from a fall to trade near unchanged after Australian Q4 GDP comes in slightly softer than expected, rising 0.7%. Q1 GDP may show a negative print as the effects from the flood show up, but the mining boom will assure it's only a temporary setback.
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  • Feb. 24, 2011, 11:04 AM
    Australian shares buck the worldwide trend and the aussie jumps after a government report predicts a new wave overlaying the existing resource boom, with mining and energy companies planning to increase investments by 33% over last year. EWA +0.4%. FXA +0.9%.
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  • Feb. 23, 2011, 8:30 AM
    China is planning a major increase in its overseas iron-ore investments, with an influential industry official saying the country wants to derive 40% of its ore imports from Chinese-invested sources by 2015.
  • Feb. 22, 2011, 8:35 AM
    Analysts say the relatively low deal pricing reflects weak pricing for nat-gas, but BHP (BHP) CEO Michael Yeager thinks gas prices will improve amid growing demand for clean energy, and says that even at current levels BHP can generate healthy margins. The deal may come as a relief to BHP investors, who have seen three mega-deals disintegrate in recent years. Shares +0.9% premarket.
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  • Feb. 22, 2011, 8:32 AM
    BHP Billiton (BHP) will pay $4.75B for Chesapeake Energy's (CHK) 75% stake in the Arkansas Fayetteville shale natural gas field, just two weeks after it was put up for sale amid pressure from stakeholder Carl Icahn. The deal pits BHP against China in a race for global energy assets (see I, II).
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  • Feb. 20, 2011, 2:20 PM
    BHP (BHP) is still on the lookout for prime takeover targets, says CEO Marius Kloppers, even after the company set aside $80B to spend on its own projects. The major hold-up on BHP's iron-ore acquisitions is regulatory concern.
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  • Feb. 16, 2011, 10:54 AM
    China's attempt at gaining pricing leverage over major producers (VALE, BHP, RIO) by creating a "super-buyer" of iron ore is likely to be overwhelmed by market forces, says an RBS analyst. "Demand for the product is increasing significantly, and not just from China." MXI +0.4%.
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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.