News Articles for BHP

BHP Billiton says production at its disaster-hit Samarco iron ore mine in Brazil could restart in 2017, but only if the joint venture project's $US3.8 billion of debt is restructured and new operating approvals are secured.

Kalgoorlie's gold and nickel sectors could benefit if Donald Trump follows through with some of his plans.

For evidence that success can sometimes damage a business we need look no further than the political games playing out ahead of next year's state election, with the very real chance Western Australia's biggest iron ore miners will be hit by a $5 per tonne penalty tax because they're too successful.

Global mining giants BHP Billiton and Brazil's Vale have offered new loans to their Brazilian joint venture, Samarco, as it assesses whether it can reopen the iron ore project where a dam disaster killed up to 19 people last year.

Global miner BHP Billiton says it has no clarity over the timing of a potential restart at its Samarco joint venture operation in Brazil, underlining the continuing uncertainty over the business that was hit by a fatal dam disaster last November.

ANALYSIS: Green shoots are popping up in WA as improved conditions for iron ore and gold, and strong prospects for the upcoming crop harvest, offer sources for optimism.

The performance of five of WA's major resources players provides a useful guide to the overall direction of the state economy.

The proposal from Nationals WA leader Brendon Grylls to increase the royalties paid by Rio Tinto and BHP Billiton is not as ‘out there' as it sounds. I say this not as a socialist, but as a capitalist who, as a resident of Western Australia, is an indirect part owner of the state's iron ore reserves.

Iron ore producers have maintained their dominance over the BNiQ Search Engine Biggest Exporters list, as LNG producers are slow to start up. Click through to see the annual list of the state's biggest exporting companies.

BHP Billiton chairman Jac Nasser has announced he will step down next year after more than 10 years on the board, on the same day the resources giant rejected charges by Brazilian prosecutors filed against the company and its employees in relation the Samarco dam disaster.

With a number of WA's biggest businesses relying on unmanned drones to reduce surveying and inspection costs, new schools are teaching drone pilots how to fly.

BHP Billiton has reaffirmed its full-year production guidance across all its segments, other than copper, as it sees early signs of a recovery in the commodities markets.

Rio Tinto has hit back at accusations by Nationals WA leader Brendon Grylls that large miners had failed to live up to their contractual obligations in state agreements with the government, after he stepped up his campaign to increase taxes on iron ore production today.

BHP Billiton expects renewable energy to grow at the higher end of expectations but says non-renewable fuels will remain the lowest cost sources in major energy markets for the foreseeable future.

Two different proposals from the Western Australian government to change the way Rio Tinto and BHP Billiton pay an iron ore charge is already damaging the state's reputation as an investment destination, a business lobby group says.

Perth leadership and strategy consultant Kia Dowell has become the first Australian to be selected for a global mentoring program she hopes will help propel her business to international markets.

Mining giants Rio Tinto and BHP Billiton say they have no intention of taking up the state government's offer to change how they pay the controversial iron ore lease rental that Nationals WA leader Brendon Grylls wants to hike.

South32 Australian chief operating officer Ricus Grimbeek has pointed to the company's share price performance against BHP Billiton to show that its assets shouldn't be considered poorer quality, speaking at a WA Mining Club lunch today.

The share market has closed at its highest level in a month after major oil producers surprisingly agreed to cut production, giving energy and resource stocks a boost.

Family-owned Tribute Group has been placed in receivership, just two months after winning what appeared to be a company-making contract with BHP Billiton for its accommodation businesses in Newman.

BHP Billiton's top Australian executive has stepped up the company's criticism of the WA Nationals' planned iron ore tax hike, two days after an opinion poll found high support for the proposal.

BHP Billiton is locked in a $1 billion dispute with the Australian Taxation Office over the amount of taxes payable on the sale of Australian commodities to its Singapore marketing business, while its chief executive has seen his annual pay slashed in half follwoing the Samarco dam disaster.

Whether Premier Colin Barnett stays or goes is a political decision, but it would be unwise for anyone to imagine that a change at the top of government will not have a significant effect on the way business is conducted in Western Australia.

BHP Billiton says its plans to invest in a huge new iron ore mine in the Pilbara are threatened by The Nationals WA's proposed new $5 a tonne mining tax.

The Australian share market lost its early morning gains to close at its lowest level since July on concerns about future stimulus programs by central banks.

The Australian share market has slumped to a two-month low as investors dumped stocks from all sectors on fears the US Federal Reserve could hike interest rates this month.

Brendon Grylls' proposal to lift the tax rate on WA's two biggest miners may have received some bad press, but at least it has started a conversation.

Diversified miner South32 chief executive Graham Kerr earned $4.1 million in 2015-16, but lost more than a third of his short-term incentives due to fatal workplace accidents.

The Australian share market has made some solid gains as the prospect of an interest rate hike in the US in September was pared back following some weaker-than-expected US jobs figures on Friday night.

New research released by the mining sector today suggests the impact of the WA Nationals' proposed $5 per tonne tax on iron ore production could be greater than originally anticipated.

Energy giant Woodside Petroleum has entered into an agreement to buy half of BHP Billiton's stake in the Scarborough offshore gas fields in the Carnarvon Basin for up to $US400 million ($A528 million).

The Australian share market lost steam throughout the afternoon session to close slightly higher as gains in health care, resource and banking stocks offset losses in Woolworths and Telstra.

Mining giant BHP Billiton says it was not aware that the tailings dam at its Samarco joint venture in Brazil was at risk of collapsing, despite a series of efforts over years to fix its structural defects.

Diversified miner South32 has slumped to a net loss of $US1.62 billion ($A2.13 billion) in its first full year as a listed company, after taking heavy write-downs in its manganese, coal and alumina operations to reflect the downfall in commodities prices.

SPECIAL REPORT: Discussion about a sale of Western Power is taking place against a backdrop of rapid technological change in the sector, as networks brace for an onslaught of competition from battery storage.

RCR Tomlinson says it has won $170 million worth of contracts for work across Australia, including at BHP Billiton's operations in the Pilbara.

Miner BHP Billiton has posted a loss of $US6.4 billion for the 2016 financial year following its $7.2 billion impairment of US shale assets in January, a slightly better result than had been anticipated by the market.

The share market has closed only modestly higher, despite US markets hitting record levels overnight, weighed down by weakness from market heavyweights Westpac and Telstra.

Brendon Grylls was something of a change-agent when he got the Royalties for Regions policy implemented, but his plan to tax iron ore tonnages has business worried.

The short selling of shares in some of Australia's biggest retail stocks suggests investors are concerned about the sector's future.