Mining giant BHP mulling demerger
Global mining giant BHP Billiton is considering spinning-off its aluminium, bauxite and nickel assets into a single entity that would be worth about Aus$20 billion ($18.5 billion), reports said Wednesday.
BHP sees China driving resources demand for 15 years
Anglo-Australian mining giant BHP Billiton on Thursday said China's economic growth was resilient enough to drive strong demand for commodities for the next 15 years.
BHP to scale back capital spending by a fifth
Global mining giant BHP Billiton has outlined plans to slash capital spending by almost a fifth, with new chief executive Andrew Mackenzie warning the brakes could be applied even further.
BHP sells US copper assets for $650 million
Global mining titan BHP Billiton on Monday announced the sale of its Pinto Valley mining operation and rail assets in the United States to Capstone Mining Corp for US$650 million.
BHP sells diamond assets for $500 million
The world's largest miner BHP Billiton on Wednesday said it was exiting the diamond industry, selling its Canadian assets to retailer Harry Winston Diamond Corp. for US$500 million.
S&P warns of little iron ore respite for miners
Global credit agency Standard & Poor's said Tuesday that it saw little improvement in iron ore prices in the near-term and warned that smaller single-commodity miners could see their ratings slip.
BHP requests four more years for major mine plan
Mining giant BHP Billiton on Thursday asked South Australia state for a 46-month extension to the approval of its Olympic Dam project expansion, which was shelved last month on cost concerns.
BHP chief Kloppers tops Australian CEO pay list
Marius Kloppers, the head of mining giant BHP Billiton, topped the list of Australia's highest paid executives in fiscal 2011, but will this year take a 40 percent pay cut after refusing his bonus.
BHP offloads Australian uranium project to Cameco
BHP Billiton on Monday said it was selling one of Australia's largest underdeveloped uranium mines to Cameco for US$430 million, just days after delaying its Olympic Dam copper and uranium project.
BHP chief forgoes bonus after $2.84 bln US gas writedown
BHP Billiton on Friday said chief executive Marius Kloppers will forgo his annual bonus after the world's biggest miner was forced to write down the value of its US shale gas assets by US$2.84 billion.
