Source: ThinkstockThe contract price for iron ore delivered to China fell 8.3% on Monday to an 18-month low of $104.70 per metric ton (tonne). That is the second-largest one-day fall on record.The...
It's a bit surprising to hear the chief executive of one of the world's largest mining companies say that the company is well positioned to grow regardless of commodity prices.
Mining giant BHP Billiton is working on a plan to spin off its underperforming assets. Shares of some of its competitors were higher Tuesday, as investors speculated the spin-off might prove...
Markets in Europe were slightly higher at 6.10 AM New York time. The FTSE rose .2% to 5,730. BHP Billiton (BHP) was up 1.9% to 1501. British Airways was off 3.3% to 239. The DAXX was up .1% to 6,587....
Markets in Europe were higher at 6.30 AM New York time. The FTSE was trading up 1.5% to 5,874. BHP Billiton (BHP) was up 3.1% to 1437. Imperial Tobacco was down 2.2% to 2319. The DAXX was up 1.3% to...
The Canadian government blocked BHP Billiton’s (NYSE: BHP) $39 billion takeover of Potash (NYSE: POT), which is based in SaskatchewanThe move will likely severely damage Canada’s reputation as...
Markets in Europe rose modestly at 6.15 AM. The FTSE was up .6% to 5,984. BHP Billiton (BHP) rose 2.8% to 1663. RBS (RBS) was up 2.7% to 380. The DAXX rose .9% to 6,827. Hypo Real Estate rose 3% to...
The announcement last February that Glencore International AG (OTC: GLCNF) would acquire mining giant Xstrata plc (OTC: XSRAY) has always faced one very big problem: just 17% of Xstrata shareholders...
On Tuesday, BHP Billiton said it would take an after-tax charge of $2 billion related to its natural gas assets in the Hawkville field of the Eagle Ford shale play.
Most on Wall St. believed that Alcoa (AA) was the odd man out in the metals industry. It missed out on buying Alcan. It has been nowhere to be seen in the big takeover tussle between large rivals Rio...
Wednesday afternoon's analyst upgrades and downgrades included AutoZone, BHP, Cidara Therapeutics, Magnite and ZIM Integrated Shipping Services.
Markets in Europe were up at 8.15 AM New York time. The FTSE was up 1.7% to 5,888. Barclays (BCS) was up 6.4% to 455. BHP Billiton (BHP) was up 3.1% to 1599. The DAXX was up 1.5% to 6,935. Daimler...
The Australian government's proposed 40% super profits tax has caused a considerable uproar among mining companies operating in that country. BHP Billiton has said it would use all its influence to...
From a high of around $4.60/pound in February of 2011, copper prices have fallen around $3.60/pound today, which is actually better than the price of around $3.40/pound at the beginning of the year....