CHRISTOPHER WEBB Nov 15, 2009
Donald Argus, BHP Billiton chairman and board member of Australian Foundation Investment Company, puts about half a million dollars into the scrip of both companies. Christopher Webb12. (Sydney Morning Herald -- Business)
Stock Bull of Ireland O'Dwyer Buys BP, Rio Tinto to Bet on Faster Recovery Nov 14, 2009
5 billion), started with Melbourne-based BHP Billiton, the worlds largest mining company, and smaller London-based rival Rio Tinto. gained 39 percent this year and more than doubled. (Bloomberg -- UK)
Watchful Argus has eyes for an improving market Nov 14, 2009
The BHP Billiton chairman, and board member of Australian Foundation Investment Company, put half a million dollars or thereabouts into the scrip of both companies ... His latest buying was conducted on the London Stock Exchange in BHP Billiton plc shares and his initial stake is 15,800 shares, which lines up against his 321,890-share stake in BHP Billiton Ltd, which is worth a useful $12 ... (b)=ADRS (c)=non-beneficial (d)=BHP Billiton plc. (Sydney Morning Herald -- Business)
JSE recovers slightly on Dow futures Nov 14, 2009
35 while BHP Billiton eased 23c to R223. 26. (Business Report, South Africa)
Advertising aside, coal sector hasn't dug deep Nov 14, 2009
One industry source says Marius Kloppers, chief executive of Australia's biggest coal exporter, BHP Billiton, recently confided that he too thought the lobby group was stretching the facts. Another said simply it was pointless hoping for any endorsement for the CPRS out of the coal industry: ''This is the pig-shooting community we're talking about. (Sydney Morning Herald -- Business)
Asian stocks slip on oil, metals prices Nov 13, 2009
BHP Billiton, the world's biggest mining company and Australia's largest oil producer, sank 1 ... BHP Billiton dropped 1. (Sydney Morning Herald -- Business)
Sweet deal beckons for Brierley Nov 13, 2009
Fortescue is always talking about growth - and never about standing still - because that helps it maintain a price-earnings ratio more than twice that of BHP Billiton and Rio Tinto ... The big four Australian banks and BHP Billiton have previously turned to London's large sterling-denominated debt market. (Sydney Morning Herald -- Business)
Centrex sells iron ore to Chinese steel mill Nov 13, 2009
Centrex managing director Gerard Anderson has joined a growing creed of iron ore sector players, including BHP Billiton, that believe the benchmark pricing systems days are numbered. The system became a farce this year when price negotiations dragged on longer then ever before as major iron ore producers resisted calls by Chinese steel mills for deeper price cuts than the miners were prepared to accept. (Sydney Morning Herald -- Business)
Broken Hill, where giving keeps going Nov 13, 2009
Managing director Paul Arndt said Broken Hill, the birthplace of BHP Billiton, remained a ''world-class asset. Source. (Sydney Morning Herald -- Business)
Profit-taking trims weekly advance Nov 13, 2009
In the resources sector, global miner BHP Billiton shed 54 cents to $39. 01 and Rio Tinto reversed 32 cents to $69. (Sydney Morning Herald -- Business)
A thorny issue as Redflex Holdings chairman's wife is dragged into the battle for boardroom control. Nov 12, 2009
YOU can welcome a new shareholder to the registry of BHP Billiton. It's New York's Metropolitan Opera House, which seems to have picked up the bulk of a 635,000 ($1. (Sydney Morning Herald -- Business)
Citic Pacific's Aussie mine lines up Chinese buyers Nov 12, 2009
The region includes 11 iron ore mines operated by Rio, seven by BHP Billiton, and other projects and towns. Join the conversation. (Sydney Morning Herald -- Business)
Congo-Kinshasa: Govt Creates Safety Net by Diversifying Economy [analysis] Nov 12, 2009
Big companies investing in the DRC include mobile services providers Vodacom, Zain and MTN. Others are Standard bank, Rawbank, Ecobank, and mining giant BHP Billiton. Flagship opportunities. (allAfrica.com)
No quick resolve of Stern Hu case in sight Nov 12, 2009
The four employees were detained on suspicion of stealing state secrets shortly before a deadline for concluding annual iron ore negotiations between Chinese steel mills and the world's three top miners, Rio, BHP Billiton and Vale. Their formal arrest in August included the charge of stealing commercial secrets, but not a more serious state secrets charge. (Sydney Morning Herald -- Business)
Consolidation sees JSE end flat Nov 11, 2009
40 while BHP Billiton collected 79c to R220. 40. (Business Report, South Africa)
BHP hopes for rich harvest from potash Nov 11, 2009
A BILLION-BARREL oil discovery or a 15-million-tonne copper discovery would excite the market in BHP Billiton, the world's biggest resources group. Because of its size, anything able to excite the market in BHP has to be big. (Sydney Morning Herald -- Business)
Tampakan deal looms for Christmas Nov 11, 2009
But the forecast shortage in copper from around 2013 forecast by BHP Billiton and others means that interest in Indophil and its stake in Tampakan is as strong as ever. First production from a $US5. (Sydney Morning Herald -- Business)
Antamina Workers Plan Strike Vote as Talks Fail Over New Labor Contract Nov 11, 2009
Melbourne-based BHP Billiton owns Antamina with Zug, Switzerland-based , Vancouver-based. and Tokyo-based Mitsubishi Corp. Antamina produced 382,842 metric tons of zinc, 358,180 tons of copper and 390,129 kilograms of silver last year, according to the Energy & Mines Ministry. (Bloomberg -- Canada)
Next big thing is potash, says BHP Nov 11, 2009
A 1 billion barrel oil discovery or a 15 million tonne copper discovery would excite the market about BHP Billiton, the world's biggest resources group. By nature of BHP's size, anything that excites the market about the company has to be big, very big. (Sydney Morning Herald -- Business)
Rio wants to work with spurned Chinalco: chief Nov 10, 2009
Rio snubbed Chinalco's offer in favour of a joint venture in Western Australia with bitter rival BHP Billiton in June ... BHP Billiton has said it expects China and India to drive a doubling in global steel demand in 15 years, and a surge in demand for energy of almost 40 percent. (Sydney Morning Herald -- World)
ADRs climb on G20's stimulus pledge Nov 10, 2009
The head of Rio Tintos iron ore division said on Monday Rio and BHP Billiton have not received any indications that the two mining giants will face regulatory issues in forming an iron ore production joint venture. Rio Tinto shares jumped 6 percent to $204. (India Times)
Bilfinger eyes $1b-plus IPO Nov 10, 2009
BHP Billiton chief executive Marius Kloppers and Rio Tinto executive Tom Albanese will together meet with Western Australias premier, Colin Barnett, in an attempt to placate authorities concerned about their proposed iron ore joint venture. Barnett, who has so far opposed the deal, will focus on issues such as royalties, stamp duty and rail access but has said royalties are the primary issue. (Sydney Morning Herald -- Business)
BHP could return for Rio bid Nov 9, 2009
RIO Tinto Group still makes the "most sense" as a takeover target for the world's largest mining company, BHP Billiton, 11 months after BHP abandoned a bid, Citigroup says. "Rio is still the deal that makes most sense for BHP Billiton given the synergies, asset quality and growth options," Citigroup analysts led by London-based Johan Rode wrote in a note on Friday ... "If BHP Billiton harbours any desire of such a move, then it would be unlikely to do a major M&A transaction that would constrain... (Sydney Morning Herald -- Business)
ADELE FERGUSON Nov 9, 2009
Rumours are rife in Asia that the former BHP Billiton chief executive Chip Goodyear is considering taking a board position at Woodside Petroleum, which is chaired by Michael Chaney, a former director. Adele Ferguson12. (Sydney Morning Herald -- Business)
Rio investors: It's mine... for now Nov 9, 2009
A lot has changed since BHP Billiton dropped its hostile scrip bid for Rio Tinto last November. For one thing, the relations between the rival miners have thawed considerably, as evidenced by the decision to proceed with an iron ore joint venture. (Sydney Morning Herald -- Business)
Olympic mine job losses Nov 7, 2009
BHP Billiton has warned of job losses among its contractor workforce at the damaged Olympic Dam copper-gold-uranium mine in South Australia until full production resumes in the March quarter next year. The miner did not specify the extent of the job losses, noting that there would be some offset provided by the contractors being brought in for an ''opportunistic'' early relining of the operation's smelter while repairs to the damaged main haulage shaft were made. (Sydney Morning Herald -- Business)
JSE ends flat on US data Nov 7, 2009
32 percent, to R298, while BHP Billiton eased seven cents to R212. 82. (Business Report, South Africa)
Browning down Australia Nov 7, 2009
Other top 20 recipients include Shell, Chevron, Woodside, BHP Billiton and Caltex. I think the aluminium sector has done particularly well,'' says Paul Toni, a climate campaigner for environmental group WWF. ''I think it was excessive. (Sydney Morning Herald -- Business)
Stocks trim weekly losses Nov 7, 2009
BHP Billiton up 96 cents, or 2. 6 per cent, at $37. (Sydney Morning Herald -- Business)
A not-so-merry Christmas Nov 6, 2009
When it signed its iron ore joint venture with Rio Tinto in June, BHP Billiton agreed the pair would switch over to Rios owner-operator model rather than the BHP model of relying heavily on contractors. Rio uses contractors for construction projects and short-term projects at its mines, but prefers to have its own workforce and equipment. (Sydney Morning Herald -- Business)
Asian stocks trim weekly losses on RBA view Nov 6, 2009
56 and Melbourne-based BHP Billiton, the world's largest mining company, added 1. 4 per cent to $36. (Sydney Morning Herald -- Business)
Olympic Dam back to normal in 2010: BHP Nov 6, 2009
Olympic Dam output back to normal next year: BHP Billiton ... Repair work to Australia's Olympic Dam uranium and copper mine is on track for a resumption of full production between January and March next year, mine owner BHP Billiton said today ... BHP Billiton share were trading up 91 cents, or 2. (Sydney Morning Herald -- Business)
JSE firms on gold price, weaker USD Nov 5, 2009
50 and BHP Billiton edged up R1. 74 to R213. (Business Report, South Africa)
Australian Exports Jump Most in 11 Months, Underpinning Growth, Rate Rises Nov 5, 2009
BHP Billiton, the worlds biggest miner, said its production of the steel making material also rose to a record. Brisbane-based , the worlds biggest exporter of pulverized coal, last month reported a 22 percent gain in September quarter sales after demand from steelmakers rebounded. (Bloomberg -- Australia & New Zealand)
Shares tread water as investors turn choosy Nov 4, 2009
BHP Billiton closed up 20 cents, or 0. 5 per cent, at $36. (Sydney Morning Herald -- Business)
Taste a piece of every pie Nov 4, 2009
So you'll get some Telstra (5 per cent of the portfolio) but also some BHP Billiton (13 per cent). You could call it a glorified index fund only it trades on the ASX and the management costs are lower. (The Age, Australia)
Paladin's uranium target in doubt Nov 4, 2009
Paladin Energy has always benefited from being a fairly unique investment proposition the only Australian-listed uranium producer that is independent of BHP Billiton and Rio Tinto ... Northparkes is a mid-tier asset that is most likely too small to attract the interest of major diversified miners such as BHP Billiton, Anglo American, Vale and Xstrata. (Sydney Morning Herald -- Business)
Direct property market drying up Nov 3, 2009
In the meantime, Macmahon has felt the effects of the temporary shutdown of 75 per cent of BHP Billitons production at Olympic Dam ... For all of the recent talk in the market about the possibility of Rio Tinto abandoning its proposed iron ore joint venture with BHP Billiton, Rio's management team yesterday could not have made it clearer to investors and analysts that it was committed to the deal. (Sydney Morning Herald -- Business)
Court stayers ply sprint tactic to see the cup Nov 3, 2009
BHP Billiton and Rio Tinto are battling Fortescue over access to four rail lines in the Pilbara. This has eaten through 19 sitting days and, keen to complete testimony, the tribunal is working longer hours than normal. (Sydney Morning Herald -- Business)
Iron ore talks with China remain in limbo Nov 2, 2009
China this year demanded a bigger price cut for iron ore than the 33 percent offered to Japanese and Korean mills by Rio and BHP Billiton ... We have not established contract prices for this year, neither has BHP Billiton nor Vale, Walsh said. (Sydney Morning Herald -- Business)
A strategy for setting a stop loss Nov 2, 2009
For example if BHP Billiton shares are trading at $37 and the 10 day average trading range is a low volatility 70c, the multiple will be higher than if the $10 day range was $2 which it was a year ago. Semple calculates the multiple by determining what percentage 70c is of the $37 purchase price. (Sydney Morning Herald -- Business)
Origin won't rule out cap raising Nov 2, 2009
Instead, it has taken a cue from BHP Billiton and decided that the quality of the mineral deposit is more important than what type of metal it may contain. Therefore, it now seems more committed to keeping its smaller divisions in place, with the exception of its US coal business that will be floated as Cloud Peak Energy. (Sydney Morning Herald -- Business)
Profit taking leads JSE into the red Nov 1, 2009
Online Edition Powered By IOL. DisplayAds('SkyLEFT',17,). (Business Report, South Africa)
One has to be blind not to see the Anglo plan Oct 31, 2009
At the same time the establishment of seven distinct divisions makes Anglo's structure similar to that of BHP Billiton, which is run along business unit lines. Anglo also announced the departure of three senior managers, Philip Baum, Ian Cockerill and Russell King. (Business Report, South Africa)
Shares snap winning run Oct 31, 2009
BellDirect equities analyst Julia Lee said comments from BHP Billiton about weaker Chinese demand for resources added to investor nervousness in October ... Among the major miners, BHP Billiton closed up 32 cents to $37 ... BHP Billiton, which hosted overnight, does not expect to benefit from a bounce-back in world demand for commodities until mid-2010, but is confident China's continuing growth will benefit its long-term strategy. (Sydney Morning Herald -- Business)
China its own biggest enemy in iron ore talks Oct 30, 2009
Vale, Rio Tinto and BHP Billiton, the worlds three-largest producers, are boosting shipments from mines in Brazil and Australia as mills in China, Japan, Europe and the US restart furnaces to meet demand for steel used in cars, construction and washing machines. China overtook Japan as the worlds largest buyer in 2003 and now accounts for more than half of the seaborne trade, worth about $US160 billion ($175 billion) last year. (Sydney Morning Herald -- Business)
Mitsubishi Corp. Raises Profit Outlook 9% on Oil Price Gain, Coal Sales Oct 30, 2009
The BHP Billiton Mitsubishi Alliance, the worlds largest coking-coal exporter, agreed with Nippon Steel Corp. to benchmark steelmaking coal prices of $115 to $125 a ton for this year, Citigroup Inc. said in March. Thats a reduction of as much as 62 percent from a year earlier. (Bloomberg -- Japan)
Rio set to steal BHP's thunder Oct 30, 2009
BHP Billitons annual meeting in London may be tonight, but the market is more focused on what will be said at a Rio Tinto investor briefing in London tomorrow night and in Sydney on Monday ... With some quarters of the market itching for BHP Billiton to splash out on a big acquisition, any comments made at its annual meeting in London today are sure to be analysed in detail. (Sydney Morning Herald -- Business)
Options lead to $86.5M charge Oct 29, 2009
The firm has handled or is working on deals for GlaxoSmithKline, BHP Billiton, Kraft Foods, Barclay's, Cisco, Anheuser-Busch InBev, Nortel, Amazon. com and Pfizer, among others. (San Francisco Chronicle -- Business)
Strong dollar hurting exporters' shares Oct 29, 2009
The resource sector, including BHP Billiton and Rio Tinto, gained only 2. 9 per cent against the S&P/ASX200 which rose 4. (Sydney Morning Herald -- Business)
Asian stocks fall on growth concerns Oct 29, 2009
BHP Billiton, the world's largest mining company, slid 3 per cent after commodity prices declined. The MSCI Asia Pacific Index slipped 0. (Sydney Morning Herald -- Business)
Who trades CFDs? Oct 29, 2009
To illustrate thisIf it costs you 10 per cent of the share price to acquire a long BHP Billiton CFD position and BHP shares are trading at $35 each, each BHP CFD will require a $3. 50 margin deposit. (Sydney Morning Herald -- Business)
China Minmetals urges to diversify iron ore sources Oct 29, 2009
The three global miners, Brazil's Vale SA, Australia's Rio Tinto and BHP Billiton, contributed to about 50 percent of Minmetals' iron ore trading volume. But the company is looking to diversify its iron ore suppliers, he said. (Xinhuanet, China)
Australian firm may be eying Aurora site (9) Oct 28, 2009
Published: Tuesday, October 27, 2009 2:20 AM EDT AURORA Talk that Potash Corp., formerly known as PCS Phosphate, may be a takeover target of Australian mining behemoth BHP Billiton has been spreading ... Reports from Wall Street confirm analyst Jason Fairclough suggested cash-rich BHP Billiton might launch a hostile takeover that could drastically increase its bottom line ... However, with a market capitalization of $207 billion and annual revenues of more than $50 billion, BHP Billiton is... (Washington Daily News, NC)
Mt Gibson scales new peaks Oct 28, 2009
There is perhaps no better sign of the woes in the wine industry than the fact that BHP Billiton was the buyer of Fosters Groups Roxburgh vineyard as part of its recent sales process. Not to mention that vineyards sold by Challenger Wine Trust in the upper Hunter Valley have been converted to dairy farms. (Sydney Morning Herald -- Business)
Farmers take on BHP Oct 27, 2009
A GROUP of irate farmers has launched a legal challenge against BHP Billiton in to bid to stop the company from developing coalfields in the state's north-west. Landowners and residents from the Liverpool Plains, near Tamworth, sought to overturn a BHP licence to explore in the area in a case before the NSW Land and Environment Court yesterday. (Sydney Morning Herald -- Business)
Asian stocks sink most in three weeks Oct 27, 2009
BHP Billiton, the world's biggest mining company, fell 1. 8 per cent to A$US39. (Sydney Morning Herald -- Business)
Anglo American: Big sale, no sale Oct 27, 2009
BHP Billiton and Rio Tinto are unlikely buyers of zinc assets, but foreign miners with local ties like China Minmetals, Perilya partner Zhonji, Xstrata and the zinc smelter Nyrstar (once a part of Zinifex) could be interested, as could some other Australian junior and mid-tier miners ... 3 billion, and the decision to let the deal through means that nearly every miner bar BHP Billiton and Rio Tinto could be a permissible target for China, albeit with conditions. (Sydney Morning Herald -- Business)
SA firms top world's best Oct 26, 2009
MTN was seventh on the list, ahead of the world's biggest mining company, BHP Billiton, which secured 10th place. Although it's an Australian firm, the latter has a strong presence in South Africa. (iAfrica.com)
Rio spy saga drags on Oct 26, 2009
5-billion injection from China's Chinalco in favour of a major rights issue and iron ore joint venture with fierce rival BHP Billiton. AFP. (iAfrica.com)
Magic touch required in media empire float Oct 26, 2009
RUMOURS are rife in Asia that former BHP Billiton chief executive Chip Goodyear is considering taking a board position at Woodside Petroleum, which is chaired by Michael Chaney, a former director of BHP.. Such an appointment makes a lot of sense given Goodyear is footloose and fancy free after Singapore's state investment arm Temasek rescinded his appointment as its new chief executive in July. (Sydney Morning Herald -- Business)
Resources keep JSE afloat Oct 25, 2009
" On Thursday, Travelers, 3M and McDonald's pushed stocks higher and sent the Dow back above the psychologically important 10,000 level, with all three firms now pushing stocks lower early on Friday. In addition, a drop in oil prices of nearly $1 to near $80 a barrel weighed on energy companies. Counteracting any morning weakness, technology stocks continued to rally, with the tech-heavy Nasdaq Composite up 12 to 2177. Microsoft added to a view that recovery may be taking hold across the... (Business Report, South Africa)
Banks and Wesfarmers drive shares Oct 24, 2009
BHP Billiton was up 54 cents, or 1. 4 per cent, at $40. (Sydney Morning Herald -- Business)
Xstrata Q3 output mixed Oct 24, 2009
BHP Billiton and Rio Tinto have extensive operations in Australia. The main currency impact would be in Australia and South Africa with less in South America since costs there are typically in US dollars, Davey said, adding that strong price gains in copper and aluminium would help cancel out the negative currency effects for those metals. (Business Report, South Africa)
Bovespa Gains on Jobless Rate Drop, Rate Outlook; Real, Mexico Bolsa Fall Oct 23, 2009
the worlds biggest iron ore miner, advanced to its highest level in 15 months after rival BHP Billiton Ltd.s chairman said he sees unprecedented growth for minerals on Chinese demand. BM&FBovespa jumped 1. (Bloomberg -- Latin America)
