News Articles for BHP

A new mining research centre to be co-based in Western Australia and South Australia and backed by 34 industry and academic partners is set to proceed after the federal government committed to provide $50 million in funding.

SPECIAL REPORT: An eclectic mix of corporate heavyweights, private philanthropists and innovative disruptors have helped to shape the state's arts sector.

Iron ore prices will fall more than 10 per cent to be about $US60 per tonne next year, partly driven by increased scrap metal availability, according to Citigroup Asia commodities strategist Tracy Liao.

Cost pressures are starting to return to the mining sector, according to BHP Billiton WA Iron Ore boss Edgar Basto, as the company continues preliminary work with potential contractors ahead of a decision on the South Flank development in the next few months.

Woodside Petroleum has taken a small step on the potential Scarborough LNG project, signing an agreement with co-owner BHP Billiton to become the operator of any future development and granting the miner an option to increase its share of the project by 10 per cent.

Melbourne-based explosives manufacturer Orica has secured supply contracts in the Pilbara with BHP Billiton and Roy Hill, but expects operational issues and write-downs to cut its first-half earnings by nearly $400 million.

International investors are rotating their funds into commodities such as industrial metals, which could be good news for WA, and Kalgoorlie in particular.

BHP Billiton has increased the expected cost of its South Flank iron ore project to $US3.6 billion ($A4.6 billion), substantially above the estimated range it provided in June 2017 when initial funding was approved.

BHP Billiton will include an income tax expense of $US1.8 billion in its half-year accounts due to a cut to corporate income tax rates in the US.

Perth-based bike business Steadyrack has installed more than 600 bike racks at Woodside's new Capital Square office building as cycling in the city grows in popularity.

BHP Billiton has lifted production of copper, nickel and energy coal for the first half of fiscal 2018, but volumes were flat in its iron ore business while petroleum and metallurgical coal volumes were down.

Growing numbers of remote communities are seeking Eon Foundation's help to improve their education around food and hygiene.

Melbourne-based fertiliser and explosives manufacturer Incitec Pivot has lost its second major Western Australian supply contract in two months, with iron ore miner Roy Hill to allow its purchase agreement to expire in February.

Alan Thomas faced a binary choice in 2015 to either wind down his business following the slowdown of activity in the company's prime north-west market, or reinvent his building enterprise.

Tech innovators, investors and entrepreneurs descended on Perth during the past fortnight for a series of startup events that sparked wide-ranging discussions about how to strengthen the local ecosystem and compete on the world stage.

The environmental watchdog has given the green light for BHP Billiton's planned 80 million tonnes per annum South Flank iron ore development, with first ore targeted in 2021.

BGC Contracting announced today that it has been awarded two contracts with mining giant BHP Billiton at its Pilbara iron ore facilities.

Dutch company KOTUG and local subcontractor Westug have been selected to provide towage services for Fortescue Metals Group at Port Hedland, 18 months after the iron ore miner won a tender that broke BHP Billiton's monopoly at the port.

Incitec Pivot has warned that its 2020 and 2021 full-year profits will be hit by the end of a contract to supply ammonium nitrate prill to mining giant BHP Billiton.

BHP Billiton expects to lower costs in its Australian mining operations by a further 10 per cent, and has forecast the division will deliver $US1.6 billion ($A2.2 billion) in productivity gains over the next two years.

The Chinese government's environmental crackdown could provide a boost for the beleagured Sino Iron project, notwithstanding a recent adverse court ruling.

Australian shares have opened stronger thanks to a lift in some commodity prices and fresh gains on Wall Street overnight.

The share market has edged higher due to modest gains in most sectors, while the Reserve Bank's concerns about slow wages growth have driven the Australian dollar to a five-month low.

A Brazilian court has granted an additional 150 days for BHP Billiton, Vale and their joint venture, Samarco, to negotiate a settlement of multi-billion dollar public civil claims over the 2015 mine dam collapse in that country.

China's great environmental clean-up is starting to produce knock-on effects in Western Australia, with none more interesting than the ‘quality clash' in the iron ore sector.

Australian shares have reversed Monday's losses and opened stronger following positive finishes in the US overnight.

Better-than-expected US company earnings and optimism that President Donald Trump's tax cuts will proceed has helped drive Australian shares higher.

The share market has closed higher as takeover speculation fueled a big gain for gas giant Santos and other sectors recovered from early weakness.

The share market is following a negative lead from overseas markets, weighed down by weakness among miners and banks.

The Australian share market has closed lower after sharp falls in oil and base metal prices weighed on energy and mining companies.

A weak start to trading has sent the share market's leading index back below the 6,000-point level it broke last week.

The Australian share market has closed slightly lower, dragged back by two of the big four banks - ANZ and Westpac - trading ex-dividend.

Australian shares finished lower on Friday after losses concentrated in mining and energy stocks ended the market's run of recent gains.

The local share market has opened lower following negative sentiment in the US overnight where falls in technology stocks weighed on Wall Street.

Osborne Park-based Decmil Group has won a $75 million contract with BHP Billiton to upgrade and expand accommodation for the miner's existing operations and its planned South Flank iron ore project near Newman.

The share market has closed higher for a third straight session as a lift in iron ore prices boosted miners and most of the big banks gained ground.

The Australian share market is higher in early trade, as investors hold on to the positive momentum from the past few sessions.

The Australian market has opened lower, with most sectors in the red following a flat US lead, but local shares remain above the psychologically important 6,000 point mark.

The Australian share market is trading solidly higher at lunchtime, with upbeat overnight sentiment lifting the local markets to near 10-year highs and the S&P/ASX200 to twice breach the key 6,

Exports through Port Hedland could reach 700 million tonnes per annum within a decade, contributing an extra $4.8 billion to Australia's GDP, according to a report by ACIL Allen, as debate continues about the impact of iron ore dust on the nearby township.