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  1. Business - Commodities - MINING

    BHP looking at more job cuts as iron ore prices drop

    Posted Jun 25th 2014, 02:37am by Reuters

    ... Reuters in Sydney Mining giant seeks ways to reduce costs after thousands laid off as demand from China slows BHP looking at more job cuts as ore prices drop BHP Billiton is looking ... of jobs in Australia's once-booming mining sector disappear in response to cooling demand from China for imported industrial materials such as iron ore, coal and copper. A BHP spokeswoman ...

  2. Business - Companies

    BHP Billiton cuts bonuses, chief exec forgoes US$1.5m in shares

    Posted Aug 23rd 2013, 11:02am by Reuters

    ... Reuters in Melbourne BHP Billiton has cut bonus payouts to its top executives, as total returns to shareholders fell over five years, even though the top global miner beat its target ... bonuses. That left him 3.9 million pounds short of the total he could have earned. BHP cut bonus payouts largely because total returns to shareholders (TSR) were negative rather than positive over ...

  3. Business - Companies

    BHP raises production target for iron ore

    Posted Oct 22nd 2013, 11:21am by Reuters

    ... Reuters in Sydney BHP raises production target for iron ore Global mining giant BHP Billiton upgraded its iron ore production target while petroleum output hit a quarterly record, ... to 212 million tonnes, up from a previous target of 207 million, BHP said in its fiscal first-quarter production report. In petroleum, liquids output rose 16 per cent, helped by a shift in focus ...

  4. Business - Commodities

    BHP Billiton net profit slumps 29.5pc on slowing growth

    Posted Aug 20th 2013, 05:22pm by AFP

    ... Agence France-Presse in Sydney Anglo-Australian mining giant BHP Billiton on Tuesday reported a 29.5 per cent slump in net profit to US$10.88 billion in the year to June, due to slowing ... earnings of US$28.4 billion. “BHP Billiton delivered robust financial results in the 2013 financial year, a period characterised by slowing global growth and volatile commodity markets,” the miner ...

  5. Business - Companies

    BHP faces possible action for corrupt practices

    Posted Aug 16th 2013, 08:39am by Reuters

    ... Reuters in Melbourne BHP faces possible action for corrupt practices BHP Billiton said on Friday that US authorities have laid out grounds for possible enforcement action against the top ... it considers to be a “world class anti-corruption compliance program.” “BHP Billiton is fully committed to operating with integrity and the group’s policies specifically prohibit engaging in unethical ...

  6. Business - Companies

    BHP delays US$14b Canada potash push as profit drops

    Posted Aug 21st 2013, 12:13pm by Reuters

    ... Reuters in Melbourne and London Miner BHP Billiton mapped out a cautious approach to expanding into potash, keeping a USUS$14 billion Canadian project alive but delaying production at the giant deposit until at least 2020. In its first set of results under new chief executive Andrew Mackenzie, BHP outlined its plan to keep options open alongside a 15 per cent drop in half-year ...

  7. Business - Companies - RESOURCES

    BHP's new boss to take a pay cut

    Posted Apr 20th 2013, 12:00am by Bloomberg

    ... Bloomberg in Sydney World's largest mining company seeks to reduce costs as commodity prices fall BHP's new boss takes a pay cut BHP Billiton, the world's largest mining ... chief executive, was US$1.85 million. In 2012, it was US$2.2 million. BHP also reduced Mackenzie's retirement benefits and cut the maximum of performance-linked payments. "Some ...

  8. Business - Money

    Iron ore giant BHP Billiton plans job cuts

    Posted Oct 09th 2012, 08:12am

    ... Reuters in Melbourne Top global miner BHP Billiton said it plans to cut an undisclosed number of jobs in iron ore, its biggest and most profitable business, as it tries to cope with weaker demand and prices, higher costs and a strong Australian dollar. ...

  9. Business - Companies

    BHP Billiton profits slump by more than one third, Olympic Dam expansion review

    Posted Aug 22nd 2012, 01:50pm

    ... Top global miner BHP Billiton shelved its planned US$20 billion Olympic Dam copper expansion on Wednesday as it reported a 35 per cent slide in second-half profit in the biggest sign of the pain inflicted by the slowdown in China’s economic growth. BHP reported its first annual profit fall in three years in the face of rising costs and falling commodity prices, wrapping up ...

  10. Business - Commodities

    BHP sees modest growth in China

    Posted Nov 29th 2012, 01:49pm by Agence France-Presse in Sydney

    ... Agence France-Presse in Sydney Global mining giant BHP Billiton said Thursday it expected Chinese growth to remain muted in coming years and saw little improvement in coal and iron ore ... to boom as the Asian giant modernised. BHP chief executive Marius Kloppers said the mining firm expected China’s growth to remain in the range between “seven and eight per cent in the coming ...




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