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BHP Billiton Limited (BHP)

  • 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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  • Feb. 16, 2011, 9:45 AM
    Perhaps reading the tea leaves, BHP (BHP -1.7%), turns away from major acquisitions to focus on its own mines. "As one looks at a buy versus build equation, the clear opportunity for us is to invest money in our own portfolio,” says CEO Marius Kloppers on an earnings call.
  • Feb. 16, 2011, 7:45 AM
    BHP Billiton (BHP): H2 profit nearly doubles to a record $10.7B on rising iron ore and copper prices. BHP raises its interim dividend by 10% to $0.42/share and expands its share buyback program to $10B. Shares -2.2%. (PR)
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  • Feb. 14, 2011, 11:31 AM
    Canadian explorer Ventana Gold (VENGF.PK +3.7%) agrees to a $13.22/share takeover by Brazilian billionaire Eike Batista that values the company at $1.56B. For his part, Batista joins a growing rush (by AAUKY.PK, XSRAY.PK, BHP) into Colombian metal reserves.
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  • Feb. 10, 2011, 7:53 AM
    A series of rate increases, epic cyclones, and biblical flooding are doing wonders for Australian shares, which closed at levels not seen since April. Strength in mining stocks combined with surprisingly good results from the banking sector power the most recent move. ETFs: EWA, KROO.
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  • Feb. 7, 2011, 9:45 AM
    Global miners will likely report H2 profits doubled, leaving them with so much cash that even multi-billion dollar expansion projects and smaller acquisitions won't make much of a dent. Shareholders are pushing for fat dividends. 
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  • Jan. 31, 2011, 4:08 PM
    Just beginning to dry out from biblical floods, Queensland braces for one of the most powerful cyclones ever on Wednesday/Thursday. Coal exports look to get pushed back again. Stocks and the aussie remain resilient, both near 52 week highs. EWA +1.2%. FXA +0.4%. Some Australian ADRs.
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  • Jan. 31, 2011, 8:12 AM
    Shareholders tell BHP (BHP +0.4%) and Rio Tinto (RIO +0.5%) to give up on their mega-deal ambitions and to initiate multi-billion pound share buyback plans instead. Some institutional investors say they won't re-elect directors unless the companies commit to returning cash to shareholders.
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  • Jan. 20, 2011, 12:38 PM
    The FTSE 100 -1.82% is the developed world's worst performing market today as worries about a crackdown on growth in China sink commodity prices. With its heavy weighting of resource stocks, the FTSE is "just an option on global growth." (RIO) -3.43%. (BHP) -3.02%. (TUWOY.PK) -4.01%. (XSRAY.PK) -5.45%.
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  • Jan. 20, 2011, 7:44 AM
    Mixed output results for BHP (BHP), which saw iron ore production rise 4% Y/Y in FQ2 to a record 33.7M metric tons, while coking coal output fell 30% Q/Q in Queensland and 24% overall. Shares -1.6%.
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  • Jan. 19, 2011, 11:25 AM
    The price of coking coal, up 25% in the last week, could see further increases as "higher raw-material costs ...can be passed on to end consumers," says an analyst. Queensland officially cuts its estimate for coking coal production by 10.5%.
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  • Jan. 18, 2011, 4:38 PM
    Privately held Cargill, a company that knows something about buying low and selling high, is giving up its 64% stake in Mosaic (MOS) for $24,3B. Cargill started Mosaic in 2004 with an investment of $1.7B. The sale leaves Mosaic without a majority shareholder, making it a takeover target. MOS +2.16% AH after rising 2.53% today.
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  • Jan. 18, 2011, 4:34 PM
    Cargill plans to spin off its 64% stake in fertilizer producer Mosaic (MOS) in a tax-free transaction worth more than $24B. Left without a majority shareholder, Mosaic could be more attractive to potential acquirers, which could include BHP Billiton (BHP) or Potash (POT). MOS -0.5% AH. (PR)
  • Jan. 13, 2011, 8:07 AM
    Rio Tinto's (RIO) Alcan division declares force majeure as the result of severe flooding in Queensland, saying floods have cut off road and rail access and are preventing deliveries to some domestic and international customers.
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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.