Is BHP Billiton Shedding More Assets?

Is BHP Billiton Shedding More Assets?

BHP Billiton (ASX:BHP, NYSE:BBL) is looking to "simplify" its portfolio, potentially spinning-off its non-core assets into a new company.

Iron in the United States

The United States is far from being the world's biggest producer of iron ore, but it does have a long history of mining the metal.

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Company News

Record First Quarter Iron Ore Output for Rio Tinto

Bloomberg reported that Rio Tinto (NYSE:RIO) has announced record iron ore production for the first quarter of 2014. The increased outputs will add to a rising global surplus, according to Bloomberg.

BHP Billiton Considering Significant Asset Sales

The Wall Street Journal reported that BHP Billiton Ltd. (ASX:BHP) signaled it may pursue a new wave of asset sales in order to focus on commodities such as iron ore and petroleum, which make up the lion's share of its earnings.

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Company Videos

INN Video: Francois Laurin of Cap-Ex Iron Ore Ltd. Talks Favorable Economics in the Future

Cap-Ex Iron Ore Ltd. (TSXV:CEV) CEO Francois Laurin spoke with the Investing News Network about their Block 103 Iron Ore project on the Labrador Trough, one of the top 20 mining jurisdictions according to the Fraser Institute. He said that the Company recently announced a resource of 7.2 billion tonnes of iron ore over a [...]

INN Video: Dean Journeaux of New Millennium Iron

New Millennium Iron (TSX:NML) President and CEO, Dean Journeaux, spoke with the Investing News Network during PDAC in Toronto on their iron ore projects in Québec and Labrador the Company's plans for the future.

Market News

China Iron Stockpiles Overestimated: Macquarie

Bloomberg reported that although iron prices have been falling on weak economic growth from China, a report from Macquarie Group Ltd. (ASX:MQG) suggests the metal could be slated for a price rise.

Kumba and Assore Stocks Bounce Back

Reuters Africa reported that South African iron ore producers Assore and Kumba have seen their stocks come back with roughly 3.5 percent gains on spiking iron futures.

Port Hedland Iron Ore Exports to China Rising

Bloomberg reported today that Australia's Port Hedland reported record iron ore shipments to China last month on the back of signs of increased steel production in the Asian nation.

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