BHP Billiton Pursues $822 Million Iron Ore Mine Development in W Australia
Platts reported BHP Billiton (NYSE:BHP,ASX:BHP,LSE:BLT) has approved an $822 million investment for the development of its Orebody 24 iron ore mine.
Articles Tagged "bhp billiton"
Nigeria’s Iron Production
Nigeria is looking to diversify its minerals and mining sector to reduce the dependence on oil as a source of national revenue. The West African country is looking to produce 2 million tonnes of iron ore in 2012 through the state owned National Iron Ore mining Co. Ltd.
BHP Losing Iron Grip
SMH reported doubts about the ability of iron ore prices to hold on to bumper levels put a lid on BHP Billiton's (NYSE:BHP,ASX:BHP) share price yesterday.
Expanding Iron Ore Supply Weighs on Price
By 2015 iron ore production is set to grow by 53 percent. This has worried investors that falling prices will hurt the bottom line of some of the world’s largest mining firms. Recent movements in share prices have reflected these concerns. Yet the heads of the BHP, Vale, and Rio Tinto remain confident.
WA Still in ‘Argy-Bargy’ With BHP
SMH reported West Australian Premier Colin Barnett says there is ''argy-bargy'' with BHP Billiton (NYSE:BHP,ASX:BHP) over raised iron ore royalties.
BHP to Run Own Mines
The Sydney Morning Herald reports BHP Billiton (NYSE:BHP) has entered an agreement to buy the iron ore contract mining division of contractor Leighton Holdings.
3 Factors Iron Investors Should Consider
Concerns about the future of the iron market are growing. Investors considering their next move may want to consider oversupply, China's electricity and Japan's steel industry.
BHP Billiton iron ore production up 7%
Market Watch reports that mining giant BHP Billiton Ltd. (NYSE:BHP,ASX:BHP,NYSE:BBL,LON:BLT) third-quarter iron ore production rose 7%.
RPT-BHP CEO Sees High Iron Ore Price for Up To 2 Years
Reuters Africa reported that BHP Billiton's (NYSE:BHP) CEO believes iron ore prices will stay high for up to two years.
BHP, Rio Tinto, win approval to integrate some Australian operations
Mineweb.com reports that BHP Billiton (NYSE:BHP) and Rio Tinto (NYSE:RIO) have received permission from the Australian government to merge infrastructures.
