BHP to spin off South32 with modest debt

2015-03-18 18:58

BHP Billiton says a proposed $13bn spinoff of South32 would give the miner a strong chance to ride out tough conditions in commodity markets.

Billiton boosts European shares to 7-yr high

2015-02-24 14:30

European shares have hit 7-yr highs after BHP Billiton's positive results, and expected cost savings at network operator Telefonica Deutschland from its E-Plus buy.

Oil prices have reached 'bottom' - Iraqi minister

2015-01-21 11:30

Oil prices are unlikely to fall further after a plunge since June, says the Iraqi Oil Minister Adel Abdul Mahdi.

Celebrating SA success on the global stage – Naspers and Glencore

2014-11-25 16:14

Alec Hogg looks at the global success of Koos Bekker and Ivan Glasenberg, two South African born and bred entrepreneurs whose businesses are in the news today.

BHP Billiton signs R10bn empowerment deal

2014-11-24 13:13

BHP Billiton has agreed to sell its Bayside casthouse in Richards Bay to Isizinda Aluminium, a broad-based black economic empowerment consortium.

BHP Billiton to limit annual capex to $14bn

2014-10-27 17:52

BHP Billiton says it expects to limit annual capital expenditure to $14bn after a planned demerger next year.

BHP considers listing in London, Sydney

2014-09-25 10:08

Miner BHP Billiton is considering listing a planned spin-off company in London as well as in Sydney and Johannesburg, it said in a letter to shareholders.

BHP Billiton to focus on energy assets

2014-09-04 09:02

Global mining giant BHP Billiton is switching its focus to energy, with iron ore and coal to receive less emphasis as China's demand for steel slows.

Billiton: We’re not pulling out of SA

2014-08-24 17:41

BHP Billiton's decision to list some of its assets into a new company is not a divestment and is overwhelmingly positive for SA, says finance head Graham Kerr.

BHP raises full-year profit

2014-08-19 16:30

Anglo-Australian mining giant BHP Billiton has posted a full-year profit and says it would offload non-core assets to a new entity.


Glencore cuts Australia coal output on weak demand

2015-03-01 11:15

Mining and commodities giant Glencore Xstrata says it is reducing its coal production in Australia by 15 million tons amid weak global demand and oversupply.

Power cuts to shave 10% off Hulamin's profit

2015-02-23 14:18

Aluminium products maker Hulamin has swung to a full-year profit, but warns it could lose 10% of its profit if power cuts by Eskom to its operations continue.

Uncertainty on JSE continues

2014-12-12 14:28

The uncertainty on the JSE has continued, with financial shares being the biggest losers this time.

Hulamin buys BHP's SA aluminium casthouse

2014-11-24 15:02

Aluminium-products maker Hulamin is part of a group which has signed a deal to buy a casthouse from BHP Billiton, sending its shares higher.

BHP tests 40-yr US ban on crude exports

2014-11-05 10:54

BHP Billiton is planning to ship ultra light oil from the US without government permission, a move that will test a four-decade ban on crude exports.

SA could declare minerals as strategic

2014-10-14 17:55

Mineral Resources Minister Ngoako Ramatlhodi says the mineral bill paves the way to declare certain minerals such as coal and iron ore as strategic for the country.

BHP Billiton to cut 700 jobs in Australia

2014-09-23 13:39

Anglo-Australian mining giant BHP Billiton says it will lay off 700 workers at coal operations in central Queensland in a bid to seek cost efficiencies.

Vote to scrap Aus super profits tax

2014-09-02 13:06

Australia's upper house Senate has voted to repeal a tax on mining industry super profits, a major victory for conservative Prime Minister Tony Abbott.

Glencore fulfills pledge with $1bn buyback

2014-08-20 14:03

Commodities group, Glencore, has become the first of the large miners to honour promises to return cash to shareholder.

BHP, Shoprite knock JSE

2014-08-19 13:58

The JSE has reacted negatively to the results of two of the biggest shares on the market, which set the tone for the day’s trading.

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