BHP Billiton Ltd. (BHP)’s coking coal miners in Australia have resumed strikes after failing to agree with management on pay and work conditions, further disrupting the largest exporter of the steelmaking material. “Strikes are continuing and now we are considering an escalation,” said Stephen Smyth, president of the Construction, Forestry, Mining and Energy Union’s mining [...]

Copper stockpiles in China may have halved over the past two months as users in the metal’s largest market drew down reserves in bonded and exchange-monitored warehouses, paving the way for more imports and higher prices. Inventories in bonded warehouses, which aren’t disclosed, may have dropped to about 300,000 metric tons, according to estimates from [...]

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 [...]

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 [...]

Feb. 26 — Posco, Asia’s most profitable steelmaker, will “aggressively” pursue investments in mines as the costs of iron ore and coal escalate with the economic recovery. “The company will pursue investments in overseas mines more aggressively to secure raw materials,” Chief Executive Officer Chung Joon Yang said at a shareholder meeting in Seoul. Posco [...]

Feb. 16 — The value of mining mergers and acquisitions may more than double this year, snapping a two-year decline, as China and India seek to secure supplies of raw materials, Ernst & Young LLP said. The value may rebound to 2006’s levels when $175 billion of deals were done, after halving to $60 billion [...]

Feb. 12  – BHP Billiton Ltd., the world’s biggest mining company, and some Chinese steelmakers have agreed to a provisional 40 percent increase in contract iron-ore prices, said UC361.com analyst Hu Kai, citing the mills. Final benchmark contract-price agreements for the year may still be settled first by Japanese mills and the ore producers, Hu [...]

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