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 "NYSE:BHP"
Iron – Iron ore prices have lost 16 percent so far this year, and that trend does not look ready to change anytime soon.
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.
Nickel – Reuters reported that BHP Billiton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT) is improving the way it processes nickel ore in order to better its chances of selling its Australia-based Nickel West division.
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.
Nickel – US and European sanctions on Russia combined with Indonesia's ban on unprocessed ore exports to push nickel to an 11-month high.
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.
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.