After Westmoreland Coal Co. (NASDAQ: WLB) announced late Monday that it has completed its acquisition of a New Mexico coal mine for $127 million, shares popped by 21% Tuesday morning before settling back down to a gain of about half that. 276 more words
Tags » BHP
The bad news has continued today for BHP Billiton, with ratings agency Standard & Poor’s cutting the miner’s credit rating by one notch.
S&P lowered BHP’s rating from A+ to A to reflect its lower commodity price forecasts and increased uncertainty over demand. 117 more words
BHP Billiton shares have come out swinging today, shooting up 7.8 per cent to $15.31 after a horror start to 2016.
The world’s biggest miner has been hit hard by the plunging oil price and continued fears about what the easing Chinese economy means for mega miners. 80 more words