Tags » BHP Billiton

Global Mining: BHP plans to spin-out assets in new mining company

Mining giant BHP Billiton on Tuesday announced plans to demerge its aluminium, coal, manganese, nickel and silver assets into an independent metals and mining company. Mozal, Mozambique aluminium smelter, in which the multinational is main shareholder, will integrate the new company with assets in five countries and 24 000 employee. 512 more words

Mozambique Mining Industry

UK listed firms must report all payments to governments starting 2015

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British energy and mining firms will from January 1 2015 have to disclose all payments they make to governments in countries they operate in as the UK government increasse its noose on corruption especially in the natural resources sector. 227 more words

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Scientists of the future

I was a bit nervous about having to ‘mingle’ with guests at the launch of Bush Blitz II in Melbourne last month, but I found a way to make myself useful. 266 more words

Parks Australia

Who can truly claim charitable status?

In the 1980s and 1990s, if one wanted to rant about the inefficiency or incompetence of any group, the comparison was always made to estate agents. 299 more words

BHP Spinoff and Shoprite Gets It Wrong

VIA

Earlier today, mining giant BHP Billiton announced two things: Their Annual Results & The decision to create a spinoff company.

Results

Quick Notes

9 Aug 2014 (AFR) - The great Australian coal race is on

(9 August 2014, AFR, p16, Mark Ludlow)

‘Two of Australia’s richest people – Gina Rinehart and Clive Palmer – and Indian billionaire Gautam Adani are massing troops in the battle for the Galilee. 101 more words

1.Market Observations

GLOBAL MINING: Vale profit falls; prices undermine record output

 Brazilian miner Vale posted a sharp decline in profit from the previous quarter as lower iron-ore prices undermined record production of the steel-making ingredient.

Vale, the world’s largest producer of iron ore, reported second-quarter net income of $1.43-billion, down 43% on the previous quarter and below the average analyst estimate of $1.89-billion in a Reuters survey. 412 more words

Mozambique Mining Industry