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BHP Billiton ramps up iron ore battle with Rio Tinto
Once completed, BHP believes it will be producing iron ore for less than $US20 per tonne, excluding the cost of government royalties, shipping, finance and other corporate costs. The miner estimated that figure would represent a 25 per cent reduction in costs compared with the 2014 cost base, and would see it producing at cheaper levels than Rio.
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BHP Billiton unlikely to grow Australian coal ops - MarketWatch
MELBOURNE--BHP Billiton Ltd. (BHP) is unlikely to expand its Australian coal business given the increasingly tough market conditions and a slump in commodity...
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Iron ore sales, cost cutting help BHP lift profit by 31% - IOL
Profit rose a higher-than-expected 31 percent in the first half at BHP Billiton as its iron ore earnings gained and costs declined amid improving global economic growth. Underlying profit rose to...
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BHP Billiton to slash iron ore cost, spending - SeekingAlpha
May 12, 2015 5:02 AM ET BHP Group Limited (BHP) BHP By: Yoel Minkoff, SA News Editor 4 Comments Looking to push competitors out of the market, BHP Billiton (NYSE: BHP) is aiming to reduce iron ore...
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BHP defers 2017 iron ore production boost, costs fall - Yahoo!
REUTERS/Mick Tsikas (Reuters) By James Regan SYDNEY (Reuters) - BHP Billiton said on Wednesday it was pushing out the timetable to expand its iron ore output to 290 million tonnes a year, as it...
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BHP Billiton's iron ore production rises but gas slips
Sydney (AFP) - Mining giant BHP Billiton Wednesday reported an increase in iron ore output for the June quarter but a decline in gas production as shale projects were delayed due to weak oil...
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BHP looks to slice iron ore expansion plan | MarketScreener
BHP Billiton is likely to cut the first stage of its estimated $10 billion iron ore port expansion in half, analysts and investors said, as it looks to slash capital spending due to rising costs... | March 25, 2022
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BHP Billiton Ltd Shows No Mercy for Weaker Producers
As iron ore and met coal markets remain oversupplied, most producers are hoping for production cuts. However, they can expect no mercy from BHP Billiton (BHP-4.29%), which has recently increased ...
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BHP focuses on cost cuts after iron-ore price dips
PERTH-BHP Billiton Ltd. (BHP) said Wednesday that it will place more focus on cost cutting after the recent dip in iron ore prices, but still expected to...
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BHP Billiton to slash spending after underlying profit drops 52%
Aug 25, 2015The BHP Billiton iron ore loading facility in Port Hedland, Western Australia. Photograph: Tim Wimborne/Reuters The mining giant BHP Billiton will cut spending after plunging commodity prices cut ...
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Australia's BHP, Britain's Billiton agree to merger - Mar. 19, 2001
Australia's BHP, UK's Billiton agree to merge, creating No. 2 mining company ... acquisitions in the mining industry as the sector moves to cut costs. Rivals Rio Tinto and Anglo American, for ...
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BHP plans deeper cost cuts to battle commodity rout - Yahoo!
BHP Billiton said on Tuesday it would slash its iron ore production cost further and cut spending to better withstand a downturn in commodity prices that is testing even mining industry heavyweights.
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Mining giant BHP Billiton enforces heavy cost cutting programme after ...
Profits at BHP Biliton have been hit hard following a decline in global commodity prices, but the global miner still managed to beat market expectations sending its shares 4 per cent higher. BHP Billiton said its half year profits were down by a third at £3.46billion, while revenues dropped 11.9 per cent to $29.9 billion (£18.7billion). The declines reflected falls in the prices of iron ...
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BHP Billiton opens Jimblebar iron ore mine - Australian Manufacturing
April 24, 2014 BHP Billiton has officially opened the new US$3.2 billion Jimblebar iron ore mine in the Pilbara region of Western Australia, 40 km east of Newman. BHP Billiton Image credit: flickr User: Jason Rhodes
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BHP aims to slash iron ore costs to become cheapest supplier - CNBC
Oct 5, 2014BHP said it could boost its annual output rate from 225 million tons at end-2013 to 290 million by June 2017. At the same time, it expects to cut the cost of that expansion to about $30 per ton, or...
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BHP chases lower costs for more iron ore in Western Australia
BHP Billiton iron ore boss Jimmy Wilson said the company had the "strongest position in Western Australia" adding that quality ore bodies would help to sustain strong margins. "Our reserves are concentrated around our four major mining hubs which will support a lower level of sustaining capital expenditure than required by our peers ...
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BHP Billiton to slash iron ore production costs by 25 pct - Yahoo!
BHP expects its West Australian iron ore cash costs, excluding freight and royalties, to fall to less than $20 a tonne in the medium term, down more than 25 percent on the average it achieved in...
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BHP cost cutting expected to hurt Australian economy
The iron ore price crash is cutting deep into BHP Billiton's bottom line. The global miner's profit for the first six months of this financial year has tumbled by almost 50 per cent, to $5.5 billion. It is responding with a wave of cut backs, and has promised $4 billion of savings over the next 18 months.
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Holy iron ore, BHP Billiton. - The Motley Fool Australia
"A miner selling iron ore at $150 a tonne might have been banking a profit of $60 or $70 with each tonne sold. With the price back down closer to $100 per tonne recently, that margin might have ...
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BHP Billiton News, Research and Analysis - The Conversation
FactCheck: Is BHP Billiton Australia's largest taxpayer, averaging $ 8-10b in tax a year? BHP Billiton's Andrew Mackenzie says his firm is Australia's largest taxpayer, pays an average of $8 ...
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Mining giant BHP Billiton sacks 500 iron ore workers ... - PerthNow
THE world's largest miner, BHP Billiton, has cut 500 Australian jobs out of its iron ore business. The jobs have gone in the last month, many more are expected and are linked to an ongoing ...
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BHP Billiton ramps up cost-cutting plans as iron ore prices fall
BHP shares fell 41p to 1621p after the firm said its forecast for capital spending would be cut by 4 per cent to £9.04billion for the current financial year.
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'The Answer to That Is No' | BHP Stands by Iron-Ore Expansion
Iron ore sank 47 percent in 2014 and extended losses this year as surging low-cost supply from BHP and Rio Tinto Group, Australia's top producers, spurred a surplus just as demand growth slowed ...
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BHP Billiton, Rio Tinto are fuelling iron ore glut, says Glencore's ...
Speaking in London on the day BHP announced a $2bn investment to boost Australian iron-ore output, the 30-year veteran of the commodities trade voiced concern over the plan.
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BHP Billiton cuts iron ore production guidance | eNCA
BHP said it produced 53.057 million tonnes of iron ore at its Western Australia iron ore operations in the three months to March 31, a 10 percent drop compared to a year ago, owing to "adverse ...
WhatsApp:+8617329420102BHP: From the Big Australian to 'nominally Australian'?
In making this strategic shift, BHP Billiton has a different footprint in Australia than its predecessor. From the mid-1960s until the mid-1980s, BHP was the country's largest manufacturing ...
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BHP second-quarter iron ore output up nine percent, year guidance ...
BHP Billiton was on track to meet its iron ore production guidance for fiscal 2017 after reporting a strong second quarter for its most profitable business on Wednesday. The world's biggest miner reported a 9 percent rise in iron ore output in Western Australia to 70 million tonnes for the December quarter from the same period a year earlier.
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BHP Billiton's iron ore output rises but gas slips | Arab News
SYDNEY: Mining giant BHP Billiton has reported an increase in iron ore output for the June quarter but a decline in gas production as shale projects were delayed due to weak oil prices.The Anglo ...
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Why Is BHP Billiton Cutting Its Iron Ore Expectations? - Yahoo!
WAIO (Western Australia Iron Ore), BHP's main iron ore asset, produced a record 193 million tons (on a 100% basis) in 9M16 as the Jimblebar mining hub started operating at full capacity.
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Iron Ore - brockmanmining - Brockman Mining Limited
The 100% owned Marillana Iron Ore Project (Marillana or the Project) is Brockman's flagship project located in the Hamersley Iron Province, within the Pilbara region of Western Australia, approximately 100 km north-west of the township of Newman. The Project is located within mining lease M47/1414.
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BHP Billiton eyes possible £11bn mining demerger - The Telegraph
Demerged nickel, manganese and aluminium business will allow BHP Billiton to focus on iron ore, copper, coal and energy By Andrew Critchlow 31 March 2014 • 11:11pm
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BHP Billiton plans to slash 3,000 more jobs in Australian iron ore ...
Australian mining firm BHP Billiton is reportedly planning to cut a further 3,000 jobs in the iron ore division in its efforts to reduce costs.
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BHP blinks as iron ore prices fall, delays output boost - Yahoo!
By James Regan. SYDNEY, April 22 (Reuters) - BHP Billiton (NYSE: BBL - news) is slowing down its expansion plans in iron ore, the first big miner to pull back as a global supply glut sends ore prices tumbling. The world no. 3 producer said it would delay an Australian port project that would have boosted output by 20 million tonnes and buoyed annual output to 290 million tonnes by mid-2017.
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BHP Billiton Iron Ore, Newman, Western Australia | Orion
The massive Mt Whaleback mine, established in 1968, is the biggest single-pit open-cut iron ore mine in the world being more than five kilometres long and nearly 1.5 kilometres wide. Mt Whaleback and Eastern Ridge, BHP's other mine in the region, are supported by a fleet of 60 793 trucks, each of them capable of carrying 220 ...
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BHP Billiton to Cut down Cost of Iron Ore, Copper & Coal Business_SMM ...
SHANGHAI, Nov.28 (SMM)－Australian mining giant BHP Billiton said on Tuesday, it plans to cut down cost of Australian iron ore, copper and coal business and increase $1.6 billion capacity in future two years.
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BHP Billiton met its production targets for copper, iron ore, coking ...
Western Australian Iron Mine (WAIO), Escondida (Escondida) Copper Mine and Queensland Coal Mine will meet full-year unit cost guidance targets (benchmark exchange rate A $1 = US $0.70; US $1 = 769 Chilean pesos). The unit cost of oil is expected to be slightly lower than the target.
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Iron Ore Briefing and Western Australia Iron Ore Site Tour | BHP
05 October 2014 BHP Billiton President Iron Ore, Jimmy Wilson, today announced plans to cut unit costs at Western Australia Iron Ore (WAIO) by at least 25 per cent and the potential to increase capacity there by 65 million tonnes per year at a very low capital cost.
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BHP Billiton on track for record mining production
For 2015, BHP Billiton have set their sights on reaping even more product off the back of their technology investments in their Western Australian iron ore business. BHP have set themselves a target to produce around 290 million tonnes of iron ore by the end of financial year 2015.
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Rio Tinto, BHP Billiton iron ore output to disappoint
BHP's outgoing iron ore chief, Ian Ashby, in late March warned of "flattening" iron ore demand growth from China, sending mining shares tumbling and knocking the Australian dollar. But at least for now, the world no. 3 producer intends to push ahead with a US$10-billion plan to expand production.
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Australian mining companies feel the cost of plummeting iron ore prices ...
The world's biggest miner, BHP Billiton, said interim net profit fell by almost half, thanks in part to a supply glut of its own making which drove down iron ore prices. Smaller Australian miners like Atlas Iron and BC Iron were the collateral damage as the iron ore giants, BHP Billiton, Rio Tinto, Vale and Fortescue Metals, competed with each ...
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