Coal – Bloomberg reported that Australian mining companies are producing and exporting coal at a loss due to take-or-pay contracts with freight companies.Losses from exporting coal at current low prices are much less than what it would cost to default on the freight agreements.
Articles Tagged "BHP Billiton"
Copper – Copper prices have picked up this week, but investors are anxious that a slowdown in China’s economic growth could reduce demand for the red metal.
Iron – Reuters reported that BHP Billiton plans to raise its production of iron ore this year in an attempt to acquire more of the Chinese market for the metal.
Coal – Mining.com reported that BHP Billiton (ASX:BHP) is looking to build the largest underground thermal coal mine in the world, but could meet opposition from locals who have a stake in the proposed location at Liverpool Plains, Australia.
Iron – BHP Billiton (ASX:BHP, NYSE:BBL) is looking to "simplify" its portfolio, potentially spinning-off its non-core assets into a new company.
Iron – The Wall Street Journal reported that BHP Billiton Ltd. (ASX:BHP) signaled it may pursue a new wave of asset sales in order to focus on commodities such as iron ore and petroleum, which make up the lion's share of its earnings.
Potash – Rio Tinto's well-kept secret is out. The company is a joint venture partner in a rather large potash deposit in Saskatchewan, not too far from BHP's Jansen mine.
Gas – Mining Weekly reported that Andrew Mackenzie, CEO of BHP Billiton Ltd. (NYSE:BHP,ASX:BHP,LSE:BLT), believes that although the US shale gas industry is growing quickly, coal will continue to be the most dominant source of fuel worldwide for the coming years.
Manganese – Australia is the second-largest producer of manganese, and though it can be challenging to operate in the country, many miners are thriving.
Coal – Mining Weekly reported that on Tuesday, Graham Kerr, CFO of BHP Billiton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT), said during a media conference call that his company continues to see coal as an "attractive commodity."