News Articles for BHP

Small iron ore miners operating in a $70/t environment are struggling, but in a different way so are the majors battling to satisfy investor expectations.

Mining giant BHP has celebrated the export of its billionth tonne of iron ore to China, after a relationship of more than four decades, but the next billion is not far off.

BHP Billiton's plans to renew the lease on its fly-in, fly-out camp on the outskirts of Newman, rather than take up existing empty housing in the town, has prompted a chorus of dissent from Pilbara-focused property groups.

The mining giant says it's about heritage, but the new moniker for its less-loved assets shows the management team has plenty of latitude.

London may seem like an odd place to be picking over the entrails of the world's resources industries, but the title of the Mines and Money conference says it all, really.

The tougher business climate has prompted some WA companies to cut executive salaries, but most have held the line and some have even awarded pay rises.

Fortescue Metals Group has ended a tough week for the iron ore sector by halving its projected capital expenditure for the 2015 financial year to $US650 million, in response to the continued weakening of the iron ore price.

The Woodside Petroleum-led North West Shelf venture has agreed to proceed with its $1.2 billion Persephone gas project off the Western Australian coast.

NRW Holdings chairman Ian Burston has told shareholders the contractor will not be "jerked around by anybody" after revealing it is in a dispute over its largest project at Roy Hill.

The success of Perth technology company Track'em has attracted plenty of interest from investors, but founder Kashif Saleem says he hasn't ruled out taking the business public.

The US is leading the charge to cheaper oil and gas, and its industries are taming the internet to turn a buck in the digital world.

Companies are making a strong push to improve support for fly-in, fly-out employees.

BHP Billiton officially confirmed today it has scrapped the sale of its Nickel West business in Western Australia "at this time" after failing to attract a buyer at an acceptable price.

Engine technology developer Orbital Corporation has moved to acquire half of electrical product manufacturer REMSAFE from co-founder Nick Bertucci for $5 million.

The South West may be the scene of a political and environmental battle over bauxite mining not seen for 30 years.

Psst … looking for a bargain? Here's a way to buy $1 for less than $1 by acquiring a fistful of shares in Mt Gibson Iron.

Tugboat operator Teekay Shipping and the world's fourth largest iron ore miner Fortescue Metals Group have condemned the decision of 56 tugboat workers to bring Port Hedland to a halt for four hours next Wednesday .

China's maturing economy, not a conspiracy of collusion, is behind the actions of WA's two biggest iron ore miners.

Our annual Biggest Employers feature has the latest BNiQ data on employment trends in WA, including the companies that are expanding and those that are shrinking, and in-depth analysis of what's happening in mining, construction, health care, accounting, law and other industries.

BHP Billiton says it will consider expanding its Olympic Dam copper and uranium mine in South Australia only after it improves efficiencies and can run the existing operation at full capacity.

Atlas Iron has shrugged off concerns about current market conditions and its thin margins, using its annual general meeting yesterday to remind shareholders of its development track record in an intensely competitive environment as proof it is a survivor committed to doing what it takes.

The state rarely wins in battles with big resources outfits.

As the iron ore majors ramp up production, Fortescue Metals Group has an ace up its sleeve.

BHP Billiton bosses have made a strong sales pitch regarding the company's proposed demerger, telling shareholders in London they'd benefit from the next step in the big miner's "evolution".

Rio Tinto chief executive officer Sam Walsh and chief financial officer Chris Lynch have both had their contracts with the mining giant extended to open-ended tenures.

The big get bigger and the small get crushed.

Colin Barnett's tough talk on iron ore has all the hallmarks of a government fearful of losing control of the narrative.

Business leader Kerry Stokes says the Western Australian economy is heading for its toughest period in two decades, but expects the state will resume healthy growth within a couple of years.

Iron ore production shows no sign of slowing, but getting the ore on the water may be more problematic.

Three senior Western Australian mining executives have been named among 16 recipients of Chief Executive Women's $250,000 scholarship program.

Fortescue Metals Group chief executive Nev Power has criticised what he calls "last man standing" expansion strategies by the major iron ore producers in the Pilbara while defending FMG's own expansion strategy.

Verbal and financial volatility is the best way to describe what's happening in Western Australia today.

Australian resources companies are under-represented in Latin America's mining sector despite its attractive operating environment, according to a seasoned player in the region.

The Business News annual export review has the latest data on 33 businesses representing $122 billion in outgoing trade. It also shows that while iron ore continues to dominate, the emergence of LNG, agriculture and services will benefit from a lower dollar.

Chalice Gold Mines founder and executive chairman Tim Goyder has taken the role of managing director in a series of board changes that include Bill Bent stepping down from the position today.

An unexpected windfall could tip $50 million into failed construction company Forge Group as its receivers continue to recover money owed and make debt payments.

Karl Simich and Mark Bennett are justifiably annoyed at having the companies they run added to an investment blacklist; but behind their frustration there is an enormously serious issue for every member of a superannuation fund – and that, in theory, is every working and recently retired Australian.

Premier Colin Barnett has strongly criticised Rio Tinto and BHP Billiton, accusing the major iron ore producers of flooding the market and hurting the state.

The big commodities exporter has stolen a march on Australia with a China deal to use giant ships at cheaper rates.

If Western Australia's small iron ore miners thought all the bad news about falling prices was in the open, they got a shock this week when the two biggest producers, BHP Billiton and Rio Tinto, launched a war of words, complete with threats of fresh expansion programs.