Current quarter production was impacted by tie-in activities at Western Australia Iron Ore as Rapid Growth Project 4 continues to ramp up.The production of iron ore by BHP Billiton Ltd. in the fourth quarter ended June 30 rose 16% from last year. The iron ore production touched 125.0 million metric tons over the year and [...]

BHP BILLITON is taking advantage of strong prices for metallurgical coal with quarterly shipments sharply up, latest figures show. In a solid final production report for fiscal 2010, the world’s biggest resources company also revealed better than forecast petroleum output, with other commodities in line with expectations. Head of resources research at UBS, Glyn Lawcock, [...]

Rio Tinto Group, the world’s third- largest mining company, expects more mergers and acquisitions in the Australian iron ore sector as China seeks to secure supplies of the steelmaking material. Australian companies can’t finance all the iron ore projects by themselves and need external funds to develop, Sam Walsh, Rio’s iron ore chief executive officer, [...]

June 16 — Australia’s resource tax rate will be 40 percent and won’t be set at different levels for various commodities, Resources Minister Martin Ferguson said as companies look for a compromise on how the levy will be applied. “We’re not talking about different tax rates,” Ferguson told Australian Broadcasting Corp. radio today. There will [...]

2010-06-10. Steel mills in China, the world’s biggest, are resisting efforts by Vale SA, Rio Tinto Group and BHP Billiton Ltd. to raise contract prices after steel dropped and the European debt crisis roiled markets, the China Iron & Steel Association said. “The outlook for the European market is unclear and steel prices may keep [...]

MELBOURNE  — BHP Billiton Ltd. (BHP.AU) said Friday that a planned resource super profits tax in Australia should either be substantially redesigned to address fundamental failings or scrapped altogether. In a letter to shareholders, BHP Chairman Jac Nasser said the government has failed to acknowledge problems with the proposed 40% tax on “super profits” and [...]

The Australian today ran a big photo with its lead business story of former Rio Tinto CEO Leigh Clifford sitting next to BHP-Billiton CEO Marius Kloppers at a mining industry function in Canberra last night. Clifford was laughing away and the lads could well have been amused to have together amassed a net worth exceeding [...]

The nation’s biggest miner has urged the federal government to scrap its proposed tax on resource super profits and replace it with a levy on mineral value.The government has also been lobbied by state governments and an eminent economist who advocates changes to the tax. In a statement, BHP Billiton has advocated for tax to [...]

The nation’s biggest miner has urged the federal government to scrap its proposed tax on resource super profits and replace it with a levy on mineral value. BHP Billiton’s vice president of government relations, Bernie Delaney, and his cohorts spent more than two hours with Treasury officials in Canberra on Friday. BHP Billiton says the [...]

The Federal Government’s proposed super tax would slow investment and risks jobs and was a threat to Australia’s international reputation, resources giants BHP and Woodside have warned. BHP Billiton has told a Federal Government consultation panel that the proposed resources super tax does not meet sound principles of taxation. “As previously conveyed to the Government, [...]

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