News Articles for BHP

Cassini Resources, the five cent explorer that quickly graduated to a 25 cent stock in April after acquiring BHP Billiton's West Musgrave nickel-copper project has taken a share price hit in its stride as it seeks to educate the market on its as yet unrealised potential.

The next move in US interest rates will be up, which will have an effect worldwide – including on Australia's residential property market.

China's new coal-quality rules have ruffled feathers in the Australian coal industry.

Mines and Petroleum Minister Bill Marmion has announced that Western Australia will play a key role in settling global safety standards for emerging remote controlled mining machinery.

Investor interest in base metals stocks is rising, as iron ore process continue to slide south.

Perth civil engineering contractor Macmahon Holdings has secured a $317.5 million three-year funding facility, upsized from $280 million after the book-build closed oversubscribed.

Civil and mining industry contractor Viento Group has announced a joint venture with 100 per cent indigenous owned Kimberley Pipelines, expanding Viento's services into the pipeline construction industry.

Speculation is mounting that Apache Energy is set to spin-out its Western Australian assets into a separate entity, with Macquarie Capital Advisers appointed to act on its behalf.

Change is under way in the Pilbara mining town of Newman, with BHP Billiton's long-held dominance of the housing market moderating in the face of new residential developments and a growing rental sector.

Libby Lyons has moved to Adelaide to head BHP Billiton's corporate affairs for its Olympic Dam project.Ms Lyons was most recently executive chair of disability charity Kalparrin.

The premier and treasurer have some tough choices to make if they're to salvage the state's economic fortunes.

Several former BHP Billiton employees made redundant from their positions at Mount Whaleback mine have engaged law firm Slater & Gordon to fight for their Newman homes amid claims the company altered aspects of its home ownership scheme.

FEATURE: Having gained notoriety in the 1996 movie Jerry Maguire, the phrase ‘show me the money' will be heard often, and loudly, in business in Western Australia in coming years as capital inflows become capital outflows and funds become harder-than-ever to raise.

FEATURE: Subdued iron ore and gold prices over the longer term could signal a lift in exploration for base metals.

FEATURE: A stubbornly high dollar, falling prices and high operating costs are combining to exert real pressure on smaller players in the iron ore sector.

FEATURE: Industrial uncertainty and an urgent need for more infrastructure are putting the squeeze on iron ore exports through Port Hedland, while productivity increases and transshipment options are also being mulled over statewide.

BHP Billiton has signed Perth-based construction group JAXON to build a $51.6 million residential development in South Hedland.

Perth civil engineering firm Macmahon Holdings is back in the black with $30.4 million full-year profit and $1 billion in revenue.

From mining to retail and everything in between, it seems bigger is better – particularly when the going gets tough.

Iron ore prices may have softened significantly from about $US130 a tonne during the past year, but that has not stopped local miners ramping up exports.

Western Australia is once again the key player in a money flood, though this time it's outgoing rather than incoming.

Copper today, nickel tomorrow?

Perth based junior airline Cobham Aviation Services has been awarded a contract to provide fly-in, fly-out services to two Gold Fields Australia mine sites in Western Australia.

The iron ore and gold mining industries have served Western Australia well during the past decade, but that does not mean they will do the same job over the next decade, especially if the switch to other minerals evident on world markets gathers pace.

The high-cost, low-price environment has put the squeeze on iron ore miners.

FEATURE: Perth is in the middle of its biggest wave of office construction in decades, but a sustained burst of new supply means future prospects for commercial developers are increasingly bleak.

Spending a few days in Port Hedland meant we spent a few days longer than most travellers, and it also afforded an opportunity to get some insights into the town's development.

Architecture and environmental consulting firm GHD has appointed Craig Walkemeyer as the company's Western Australian manager.

The move by Gina Rinehart and Andrew Forrest into beef production may ultimately be more about the land they own than ‘feeding China'.

Oil exploration minnow IPB Petroleum has picked up the pace in its grand plan to get noticed by large producers.

Driving up the Great Northern Hwy from Midland to Port Hedland, you can't help but marvel at the number of trucks on the road – and be concerned about what lies ahead for wheatbelt communities after the closure of the ‘tier 3' rail lines.

Japan and Australia are officially even better friends, with Prime Minister Tony Abbott and visiting Japanese PM Shinzo Abe swapping compliments at an official dinner in Perth last night.

A good few months of deal flow is offering hope for a better year.

FEATURE: The June quarter presented a broad range of transactions for corporate players, however a noticeable lack of direction remains.

BHP Billiton has celebrated sending its one-billionth tonne of iron ore to Japan at a ceremony in Port Hedland to mark almost 50 years of the business partnership.

Shell's move out of Woodside has opened up a range of scenarios as major players jostle for a stake of WA's LNG riches.

OTOC Australia has been awarded a $3 million contract with NRW for the mine process plant in-ground services at the Roy Hill iron ore project in the Pilbara.

Giving managers responsibility for making decisions relevant to their sections is crucial at marine services business TAMS Group, which has steadily added new capabilities and staff to differentiate itself as a full service provider in a market full of specialists.

The collapse of Forge Group has opened up new opportunities for engineering contractor Clough, which has won a design and procurement contract for a power station that was previously awarded to Forge.

IT consultant Velrada has built its business on providing niche software solutions.