BHP Billiton

Known as the “Big Australian” because it is the country’s largest company measured by market capitalisation BHP Billiton is a mining, oil and gas company headquartered in Melbourne. It is the world's largest mining company measured by 2011 revenues and as of February 2011 was the world's third-largest company measured by market capitalisation. The group was created in 2001 through the merger of Broken Hill Proprietary Co Ltd (BHP) and the Anglo-Dutch Billiton plc.

Vale flooded with red ink with US$2.65b loss

28 Feb 2013

Brazilian mining giant Vale posted its first net loss in 10 years in the fourth quarter after taking US$5.66 billion (HK$43.91 billion) in charges for underperforming mines and other mills, a loss...

Four trucks of coal exporter Cerrejon blown up in Columbia during strike

26 Feb 2013

Cerrejon - a joint venture between Anglo American, BHP Billiton and Xstrata - said it had suffered "a terrorist attack" on Sunday at its Mina Sur mining area in the northern province of Guajira....

BHP picks steady hand for top job

23 Feb 2013

Andrew Mackenzie, a low-key operations man, beat higher-profile rivals to the top spot at BHP Billiton, but his record shows he will not shy away from the tough calls needed to exit the top global...

Global miners sweep out loss-makers as profits plunge

12 Feb 2013

Global mining companies are set to unveil their biggest falls in profit in more than a decade and are clearing the decks with multibillion-dollar writedowns on poorly performing assets as they...

BHP to sell its interest in Browse to PetroChina for US$1.63b

12 Dec 2012

PetroChina, Asia’s biggest oil producer, agreed to pay BHP Billiton US$1.63 billion for its holding in Woodside Petroleum’s proposed Browse liquefied natural gas project in Western Australia.

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BHP sees modest growth in China

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 prices.

Iron ore at 2-week low as China demand slips, swaps down

Iron ore swaps dropped on Tuesday after spot prices hit two-week lows with demand from top buyer China losing steam after weeks of restocking.

BHP sells diamond assets for US$500 million

The world’s largest miner BHP Billiton on Wednesday said it was exiting the diamond industry, selling its Canadian assets to retailer Harry Winston Diamond Corp. for US$500 million.

Business Digest, October 18, 2012

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IRON ORE

Rating agency S&P says no respite for iron ore miners

Global credit agency Standard & Poor’s said it saw little improvement in iron ore prices in the near-term and warned that smaller single-commodity miners could see their ratings slip.