BHP Billiton Reconsiders Expansion
IBTimes reported BHP Billiton (NYSE:BHP) is rethinking its position on expansion as the company weighs what to do with $80 billion.
IBTimes reported BHP Billiton (NYSE:BHP) is rethinking its position on expansion as the company weighs what to do with $80 billion.
Reuters reported BHP Billiton's (ASX:BHP,NYSE:BHP) iron ore chief, Ian Ashby, is leaving the miner in the midst of an $11 million iron ore expansion.
Bloomberg reported China will include Vale (SAO:VALE5), Rio Tinto (NYSE:RIO,ASX:RIO) and BHP Billiton (NYSE:BHP,TSX:BHP,ASX:BHP) on its new spot iron ore trading platform.
Bloomberg reported Gabon is close to handing over control of its largest iron ore mine to BHP Billiton Ltd. (NYSE:BHP,ASX:BHP).
Mining Weekly reported BHP's (NYSE:BHP,ASX:BHP) proposed iron ore mine expansion in Western Australia has been approved by the EPA.
Reuters reported BHP Billiton (NYSE:BHP) predicted record iron ore production this year after quarterly output jumped by a fifth.
Platts reported BHP Billiton (NYSE:BHP) has offered Chinese steelmakers an iron ore lump premium of $0.11-0.13/dry metic ton for the first quarter.
The price of iron ore has made a 26 percent gain over since hitting a low in late October. However many are cautious that the gains will be short lived because of the soft demand for steel.
International Business Times reported BHP Billiton (NYSE:BHP) has stepped on the gas for the realisation its expansion projects in Western Australia.
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.
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