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

2014-11-25 19:38

Alec Hogg looks at the global success of Koos Bekker and Ivan Glasenberg, two South African born and bred entrepreneurs.

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.

BHP Billiton pushes JSE resources up

2014-08-15 14:25

BHP Billiton’s intention to list some of its entities in a separate company and wave SA good bye, pushed the JSE’s resources sector higher.

Glencore courts Guinea's iron ore treasures

2014-08-06 09:42

Miner and commodity trader Glencore has expressed interest in iron deposits in Guinea, although the company says it has not pitched for a stake in Simandou.

BHP, Anglo seek to sell joint assets

2014-07-24 09:14

BHP Billiton and Anglo American are looking to sell their jointly owned manganese assets portfolio, according to a report.

Mining giants warn of job cuts in Australia

2014-05-26 13:22

Mining heavyweights BHP Billiton and Rio Tinto have warned that they could shut operations and slash jobs over Australia's high taxes and costs, a report says.

Relief rally in Naspers buoys JSE

2014-01-28 13:12

A recovery in the Naspers share price, which lost more than 9% of its value over the previous two sessions, has kept the JSE afloat.

JSE still running strong

2014-01-19 18:56

The reasons for the strong performance of mining and commodity shares are twofold, and focus will now turn to the platinum price amid planned strike action.

Eskom: Power outlook slightly better

2013-11-20 11:19

Eskom says the power supply outlook has improved slightly after it declared a power "emergency" the previous day, although the grid remains vulnerable.

BHP Billiton blasts Molefe

2013-10-25 11:55

BHP Billiton is disappointed at Transnet CEO Brian Molefe's portrayal of the miner as choosing its "own interests" above those of small coal exporters.

BHP Billiton abandons India projects

2013-10-21 16:29

Global mining and energy giant BHP Billiton says it has given up on nine Indian oil and gas projects due to delays in carrying out exploration at the sites.

Glencore halts $7bn Australian mine

2013-09-11 12:06

Mining giant Glencore Xstrata says it has put its proposed $7bn Wandoan open-cut energy coal project in Australia on hold as oversupply drags on prices.

'Australia's mining boom not yet over'

2013-08-26 13:00

Former Chinese commodities trader Jerry Ren, who is quietly building a mining empire in the Australian outback, scoffs at talk the resources boom is over.

Billiton's accounting hiding losses

2013-08-21 14:27

The way BHP Billiton has reported its latest financial results raises the question about whether it actually wants to hide some local losses.

Ex-CEO: Machines can end mine strife

2013-08-05 09:36

Platinum miners should have pushed through mechanisation years ago to avert the challenges the sector is currently facing, says former Lonmin boss Brad Mills.

Small miners face major headache

2013-07-22 09:35

Opportunities to develop small iron mines are fast disappearing, as cash dries up and miners are unable to compete with the sector's heavyweights.

Many mineworkers die poor, says Holomisa

2013-06-18 07:00

Mining firms such as Anglo American and BHP Billiton should transfer some of their mining rights to the people, says UDM leader Bantu Holomisa.

Zuma makes global power list

2013-05-02 20:08

Nine South Africans, including President Jacob Zuma, Helen Zille and bosses of top firms have made the list of 500 most powerful people by a global magazine.


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.

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.

BHP unveils $14bn spin-off, profit up 8%

2014-08-19 10:04

BHP Billiton will spin off a roughly $14bn company to shareholders, offloading assets it acquired in its 2001 merger with Billiton.

Mining giant BHP flags demerger plans

2014-08-15 13:11

Global mining giant BHP Billiton says it could spin-off unwanted assets to focus on top tier commodities such as iron ore, copper, coal and petroleum.

Gina Rinehart: High costs hurt Australia

2014-07-30 12:31

Australia's richest person, mining magnate Gina Rinehart says her country needs to lower its costs if it wants to stop miners from moving to other countries.

BHP Billiton sharpens jobs axe

2014-05-27 17:06

BHP Billiton, the world's largest diversified mining company, has warned of job cuts at its Worsley Alumina operations in Australia after a review of the business.

Earthquake, tsunami hits Chile 5 dead

2014-04-02 08:18

A major earthquake of magnitude 8.2 has struck off the coast of Chile, triggering a tsunami, causing landslides that blocked highways and so far has lead to five deaths.

BHP posts record Australian iron ore output

2014-01-22 10:09

Mining giant BHP Billiton has posted record half-year iron ore production from Western Australia, but held back from improving the full-year outlook.

SA water polluted by mines to be mapped

2014-01-10 10:43

The Water Research Commission has embarked on an extensive study which aims to map surface and underground water currently influenced by mines.

Eskom reduces power supply to BHP smelters

2013-11-20 08:04

Eskom has reduced power supply to mining giant BHP's aluminium smelters, in line with an agreement to stabilise the national grid at times of stress

Investors cheer BHP's production numbers

2013-10-22 13:49

Shares in BHP Billiton have jumped almost 4% on the JSE after the mining giant raised its iron ore production targets on record quarterly output.

Expert calls for fair distribution of SA electricity

2013-10-18 11:30

Large industrial electricity users are not sustainable for South Africa as the cost of energy goes up for consumers, an industry expert has asserted.

Africa's top coal port expands capacity

2013-08-28 15:20

Africa's biggest coal export port is to be expanded in a $192m investment designed to help smaller South African mining companies send their output abroad.

BHP Billiton cuts top exec bonuses

2013-08-23 13:00

BHP Billiton says that it has cut bonus payouts to its top executives, as total returns to shareholders fell over five years.

Coal prices rise on strike talks

2013-08-13 15:08

Coal has been trading higher for the first time in six weeks, as unions declared a wage dispute and buyers stocked up ahead of winter.

Telecoms deal boosts European stocks

2013-07-23 11:16

European shares have climbed, hitting seven-week highs with a flurry of deal activity sparking a sharp rally in the telecoms sector.

Australia to scrap carbon tax

2013-07-15 07:51

Australia plans to scrap its carbon tax, which applies to around 300 of the biggest polluters, including mining giant BHP Billiton.

Eskom turns to Billiton to meet demand

2013-06-14 08:53

Two BHP Billiton energy-gobbling aluminium smelters have reportedly temporarily been turned off by Eskom because demand for electricity exceeded availability.

Mine strife a test for private equity

2013-04-29 20:12

With the world's largest miners flocking to sell assets, private equity funds may finally be tempted into a sector long seen as potentially lucrative but risky.

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