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.
Articles Tagged "NYSE:BHP"
Manganese – Australia is the second-largest producer of manganese, and though it can be challenging to operate in the country, many miners are thriving.
Iron – Bloomberg reported that as "an additional productivity measure," BHP Billiton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT) has suspended production at Yarrie, its smallest iron ore operation. Yarrie is located in Western Australia.
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."
Coal – Reuters reported that BHP Billiton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT) and Mitsubishi Corp. (TSE:8058) plan to cut about 230 jobs at their Queensland-based Saraji mine.
The Australian Securities Exchange rose 1.9 points today, ending at 5,190 points. During January as a whole, the ASX fell 16.2 points, or 2.9 percent.
For the first time in three years, Citibank has moved its 12-month sector stance from neutral to bullish. The New York-based bank said it favors diversified miners over pure-play producers this year.
Nickel – Indonesia's long-awaited ban on the export of unprocessed ore has sent nickel market participants reeling and shares of nickel companies soaring.
Coal – Bloomberg reported that South Africa's Richards Bay Coal Terminal shipped a record 70.2 million metric tons (MT) in 2013, up from 68.3 million MT in the year-ago period.
Iron – BHP Billiton (NYSE:BHP,ASX:BHP) said on Thursday that its iron ore mines have resumed operations following a cyclone that closed major shipping terminals earlier this week, Reuters reported.