TOKYO – BHP Billiton has proposed to Japanese steelmakers a shift to a quarterly pricing system for iron ore and coking coal from the current annual price-setting regime, the CEO of the top global miner was quoted as saying by the Nikkei business daily. The traditional annual price negotiation system has become outdated due to [...]

Contractor Macmahon has won a $500 million three-year contract extension at BHP Billiton Iron Ore’s Orebody 18 and Wheelarra mines in the Pilbara. Macmahon said under the contract extension, it would continue to provide a complete mine service including drill and blast, mining, crushing and train loading at the site. “Macmahon has been working at [...]

China has charged four Rio Tinto executives with bribery and violating commercial secrets, leaving the workers facing years in a Shanghai jail. Shanghai Municipal Intermediate People’s Court announced today that it had accepted the charges against Australian Stern Hu and his three Chinese colleagues after a six-month inquiry. It is now certain that the four [...]

China’s iron ore imports fell 25 percent in January from the previous month, while a slowdown in exports of steel products put an end to a seven-month trend of rising net exports from China, the top steelmaking nation. Imports of iron ore slipped to 46.62 million tonnes after reaching 62.16 million tonnes in December, the [...]

BHP Billiton has talked up the performance of its Nickel West unit in the Goldfields in the face of persistent market speculation the mining giant is looking to offload the asset. On the day BHP completed the controversial sale of its loss-making Ravensthorpe laterite project to Canada’s First Quantum Minerals for $US340 million ($388 million), [...]

BHP Billiton, the Anglo-Australian mining group, yesterday reported better-than-expected half-year results but flagged concerns about its growth prospects as governments looked to unwind stimulus measures. Marius Kloppers , chief executive, said many economies, notably the US, were still dependent on government stimulus. He said such measures had helped drive recovery but had not addressed structural [...]

Chris Campbell has replaced Ian Ashby as the president of the iron ore division of BHP Billiton. Ashby will be in charge of the company’s alliance with Rio Tinto. Campbell will look for opportunities for growth outside the company’s joint ventures. Interim earnings for BHP Billiton are expected to be strong when released on 10 [...]

Mining giant BHP Billiton has chosen its head of iron ore, Ian Ashby, to run its $US116 billion iron ore joint venture with Rio Tinto in the Pilbara. Company insider Chris Campbell has been named Mr Ashby’s replacement as head of iron ore. Mr Campbell has been with the BHP Billiton group for 20 years [...]

CAPE TOWN – Diversified miner African Rainbow Minerals (ARM) is on track to boost production at its Khumani iron-ore mine by 2012, and was also aiming for Zimbabwe’s platinum sector, its CEO said on Tuesday. ARM was also looking at acquisitions in the rest of the continent and had formed a joint venture with Vale [...]

BHP BILLITON APPROVES FUNDING FOR FURTHER GROWTH AT WESTERN AUSTRALIA IRON ORE BHP Billiton today announced approval for US$1.93 billion (BHP Billiton share US$1.73 billion)(1) of capital expenditure to underpin the further accelerated growth of its Western Australia Iron Ore business. This investment represents early expenditure for the company`s Rapid Growth Project 6 (RGP6). RGP6 [...]

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