Articles Tagged "BHP Billiton"

BHP Billiton’s CEO Calls Australian Iron Ore Inquiry Unnecessary

Iron – BHP Billiton (ASX:BHP,NYSE:BHP) announced that it believed an inquiry into the Australian iron ore industry was unnecessary, as the company's CEO Andrew Mackenzie said it would sent the wrong message to international customers regarding the country's commitment to free trade during an interview on ABC radio Tuesday morning.

Australia Halves Iron Ore Price Forecast in 2015 Federal Budget

Iron – The slumping iron ore price has hit those involved in the space hard in the last year, with many companies reducing production and halting new construction. Now the Australian government has gone into defense mode with its Federal Budget 2015 report, which includes a conservative 12-month iron ore price estimate of $48 per tonne.

Iron Ore Price on the Rise Again

Iron – Iron ore has finally started to pick up after what seemed like an endless stretch of bad news. While it seemed that the industries biggest producers had no intention of slowing down their production in an attempt to muscle out the smaller companies, they are finally starting to let up a little and it's already beginning to show in the price. The price gains on Tuesday have been mainly attributed to an increase in China's demand for high-grade cargoes, which in turn, reduced stockpiles of the raw material at its ports to the lowest level since February.

Eurasian Minerals Options Arizona Copper Project to Kennecott Exploration

Copper – Eurasian Minerals kicked off the week by announcing it has optioned its Superior West copper project in Arizona to Kennecott Exploration. Kennecott is owned by Rio Tinto, which also owns the massive Resolution copper project in Arizona in partnership with BHP Billiton.