Articles Tagged "BHP Billiton"

Copper Prices Steady Following Earlier Gains

Copper – The red metal rebounded from a three-month low today after the release of positive manufacturing data from China, but finished flat overall. Copper futures for delivery in three months on the London Metal Exchange lost 0.1 percent and finished at $6,720 per tonne, while futures on the New York COMEX dipped 0.1 percent to finish at $3.035.

BHP, Rio’s Escondida Copper Mine Holds Additional US$800 Million Copper Resource

Copper – The Sydney Morning Herald reported that BHP Billiton (NYSE:BHP) and Rio Tinto (NYSE:RIO) have at least 200 million tonnes of copper ore at grades higher than 1 percent underneath a concentrator at its Escondida copper mine in Chile. The miners could earn up to US$800 million between them over the next three years if they are able to add to existing production.

Jinchuan Group and Glencore Front-runners to Buy BHP’s Nickel West

Nickel – The Sydney Morning Herald reported today that China's Jinchuan Group (HKG:2362) and Glencore Plc (LSE:GLEN) are advancing talks with BHP Billiton (NYSE:BHP) regarding that company's Nickel West unit. Nickel West would garner a hefty rehabilitation bill, but Jinchuan and Glencore would be able and willing to pay those costs, according to the Herald.