Apr
29
China Says Vale, BHP Threaten to Cut Iron Ore Supply ..
April 29, 2010 | 1 Comment
April 28 — Vale SA, BHP Billiton Ltd. and Rio Tinto Group, the three largest exporters of iron ore, threatened to cut supplies unless steelmakers accept their price demands, the China Iron & Steel Association said. The mining companies asked for price gains of between 90 percent and 100 percent for the steelmaking ingredient as [...]
Apr
5
A CHINESE group has urged domestic steel companies to stop buying iron ore from the world’s top three miners, including Rio Tinto and BHP Billiton. The China Iron and Steel association has made the protest gesture over an alleged price monopoly, state media says but it drew a forthright response from Trade Minister, Simon Crean. [...]
Mar
29
Mining titan BHP in landmark iron ore pricing move.
March 29, 2010 | Leave a Comment
Global mining giant BHP Billiton Tuesday said it would now sell iron ore to most Asian steel mills on a short-term basis, scrapping an annual pricing model that provoked acute tensions with China. Skip related content Related photos / videos A construction worker prepares steel reinforcing rods at a building site in Shanghai Enlarge photo [...]
Mar
15
DJ BHP Billiton Says Key Coking Coal Port Still Closed.
March 15, 2010 | Leave a Comment
MELBOURNE, Mar 14, 2010 – BHP Billiton Ltd. ( BHP | Quote | Chart | News | PowerRating) said Monday the Hay Point coal terminal near Mackay in Queensland state, a key export port for coking coal, remains closed due to bad weather conditions. The coal terminal, which is part of BHP Billiton’s coking coal [...]
Mar
15
China is blaming market forces and a campaign by BHP Billiton Ltd (ASX:BHP) for the failure of its planned US$19.5 billion investment in Rio Tinto Ltd (ASX:RIO) last year, according to a report. Fairfax media on Monday reported that a Chinese government post-mortem had exonerated the Australian government and Rio Tinto for the deal’s failure. [...]
Mar
4
Weba Chute Systems wins BHP Billiton manganese port expansion contract in Australia.
March 4, 2010 | Leave a Comment
Following successful commissioning of 19 Weba Chute Systems at BHP Billiton’s Groote Eylandt Mining Company (GEMCO) in Australia, Weba Chute Systems has been commissioned to carry out the FEL 3 Level chute design work for the port expansion. Alwin Nienaber, Operations/Technical Director at Weba, says that this equates to about 40% of the engineering component [...]
Mar
1
Rio Tinto Group, a shareholder in the world’s largest copper mine, said it has not had any reports of damage to its operations from an earthquake in Chile early today. “We’ve not had any reports of any effects at the moment,” said Christina Mills, a spokeswoman in London for Rio Tinto, which has a stake [...]
Feb
26
Posco to Pursue Mine Investments ‘More Aggressively’ (Update3)..
February 26, 2010 | Leave a Comment
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
24
BHP’s new chairman Nasser to take reins March 30..
February 24, 2010 | Leave a Comment
LONDON - The incoming chairman of BHP Billiton, Jac Nasser, will take up his post on March 30, the world’s biggest mining group said on Wednesday. Last August, the company named Nasser, a former chief executive of Ford Motor Co, as its new chairman, saying he would take over early in 2010 but giving no [...]
Feb
22
BHP seeks 55 pct hike in Japan coal prices – Nikkei.
February 22, 2010 | Leave a Comment
TOKYO, Feb 23 – BHP Billiton (BHP.AX) has proposed to Japanese steelmakers a 55 percent hike in the price of its coking coal in the financial year from April 1 compared with the current year, the Nikkei business daily reported on Tuesday. BHP aims to raise its prices for the first time in two years, [...]