Declining Australian Dollar Leads to ASX Increase
Shares increased in Australia by 0.3 percent as firms exposed to the US market benefited from a declining Australian dollar.
Articles Tagged "ASX:BHP"
Rio Tinto Takes Argyle Underground, Steps Up Efforts to Sell Mines
Diamond – Rio Tinto is still looking to sell its diamond unit as Dominion Diamond and Anglo American seek to increase their exposure to the industry.
South Africa Aims to Process More Manganese at Home
Manganese – Evolving government policy aims to enhance the value of the country’s resource output and create jobs. And a new manganese furnace may be proof that it’s working.
BHP Billiton Aiming to Sell Around 10 Assets
Coal – Reuters reported that BHP Billiton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT) wants to sell approximately 10 assets. The move follows BHP's decision last year to shut down a number of unprofitable coal mines, as well as its announcement last month that it is considering selling the Queensland-based Gregory-Crinum coking coal mine.
BHP Responds to China’s Iron Ore Price Manipulation Accusations
Iron – Reuters reported that BHP Billiton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT) has responded to allegations from China's National Development and Reform Commission that the top three iron ore miners — BHP, along with Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and Vale (NYSE:VALE) — and some traders manipulated the markets to show a shortage of iron.
Iron Market Update (February 18, 2013)
Iron – A brief overview of iron price developments, supply and demand and significant market movers.
Vale to Continue Upping Iron Ore Output After 2017 in Hopes of Regaining Market Share
Iron – Bloomberg reported that after reaching 400 million metric tons of iron ore output in 2017, Vale SA (NYSE:VALE) plans to increase its iron ore output by 20 to 25 million metric tons per year. Vale's plan is aimed at taking back the 6 percent of market share that it has lost to other major companies — such as BHP Billiton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT) and Rio Tinto plc (ASX:RIO,NYSE:RIO,LSE:RIO) — over the past six years.
Harry Winston to Buy BHP’s Diamond Business for $500 Million
Diamond – The Globe and Mail reported that Harry Winston Diamond Corp. (TSX:HW,NYSE:HWD) is going to buy BHP Billiton Ltd.'s (NYSE:BHP,ASX:BHP,LSE:BLT) diamond business for US$500 million. BHP has shied away from large new investments over the past year and recently revealed that it might leave the diamond mining industry.
Agnelli’s Mining Venture Considers BHP Billiton’s Iron Ore Deposit
Iron – Reuters reported Roger Agnelli's mining venture is considering a purchase of BHP Billiton's (NYSE:BHP,ASX:BHP) Mount Nimba iron ore deposit in Guinea.
BHP Billiton Goes Forward With Iron Ore Output Plans
Iron – Reuters reported BHP Billiton (ASX:BHP,LSE:BLT) is going ahead with plans to boost iron ore output as low cost mining giants carve out a larger market share and undercut competitors.
