South32 flags $1.7bn writedown, massive SA job cuts

2016-02-04 07:07

Mining giant BHP Billiton's South32 spin-off has announced $1.7bn in asset writedowns and says it will axe hundreds of jobs in South Africa.

BHP, Rio evade worst as cyclone misses major ore port

2016-01-31 17:27

BHP Billiton, Rio Tinto and other iron-ore producers in Australia have evaded the worst of Cyclone Stan after it missed major export hubs and weakened as it moved inland.

An eye on the JSE's top five

2016-01-19 09:04

Experts share their views on the JSE's top stocks. Among these is AB InBev, which is now the top JSE-listed company.

South32 interested in $1bn Anglo sale

2016-01-13 20:00

South32 is considering bidding for Anglo American’s $1bn niobium and phosphate business in Brazil, according to three people familiar with the situation.

Fish rescued from Brazil dam burst river

2015-11-16 21:01

Teams of biologists are working in Brazil to rescue fish from a river that was contaminated after two dams at an iron ore mine breached.

BHP spinoff and Gupta Uranium enter our JSE Top 100 Companies list

2015-06-29 16:21

Alec Hogg has been working on the update of theJSE’s Top 100 Companies, and mentions some interesting changes since the end of 2014.

Gloomy mining chiefs see copper-tinted light at end of tunnel

2015-05-24 12:19

The world’s biggest mining companies haven’t agreed on much lately as they argue about how to deal with a glut of iron ore and coal.

BHP Billiton puts Exxon project on back burner

2015-05-19 17:00

BHP Billiton is putting its Scarborough liquefied natural gas project with Exxon Mobil in Australia on the back burner amid lower prices and competition from the US.

BHP's South32 debut misses estimates

2015-05-18 09:39

South32, the miner spun off from BHP Billiton, has missed analyst estimates on its Sydney trading debut amid concern for its growth potential.

S&P warns BHP rating vulnerable to weak commodity prices

2015-05-04 20:00

Standard & Poor's has warned it may cut BHP Billiton's credit rating in the next 12 months, reflecting the global miner's commitment never to cut its dividend.


BHP Billiton reacts to Standard & Poor's review

2016-02-02 14:04

BHP Billiton reacts after Standard & Poor's has lowered the credit ratings of BHP Billiton Limited and BHP Billiton plc.

BHP may need $10bn stock sale - analyst

2016-01-22 10:05

BHP Billiton needs to raise as much as $10bn in a sale of new stock to its investors if it wants to keep its credit rating, a top-ranked analyst says.

BHP takes $7.2bn hit on US shale assets

2016-01-15 15:26

Plunging global energy prices have forced BHP Billiton to book a $7.2bn pre-tax write down against the value of its struggling onshore US assets.

South32 to cut 400 jobs at Kuruman mine - NUM

2016-01-07 12:44

South32 plans to cut 447 jobs at the Hotazel manganese mine in Kuruman, the National Union of Mineworkers says, in the latest in a slew of layoffs in the embattled industry.

BHP cuts China steel forecast as profits plunge

2015-08-25 12:02

BHP Billiton says its full-year profit has plunged as commodity prices tumbled and has cut its forecasts for steel demand and output in China, its largest customer.

South32 mulls manganese writedown

2015-06-09 12:54

South32 says it may reduce the value of its 60% stake in a manganese venture as it keeps furnaces shut due to low prices for the steelmaking ingredient.

BHP chief lashes out at Aussie iron ore inquiry

2015-05-19 19:31

An inquiry into the economic impact of a slump in the iron ore price could damage Australia's economy and drive Asian customers to shift investment to Brazil.

Aussie politicians threaten race to iron ore bottom

2015-05-18 15:13

Australia is poised to launch an inquiry into “flooding” of the iron ore market by the world’s three biggest producers – BHP Billiton, Rio Tinto and Vale.

Rio Tinto to forge on with iron ore expansion plans

2015-05-07 15:00

Rio Tinto is to stick with plans to produce iron ore at full tilt despite a plunge in prices, turning up the heat on rivals large and small.

BHP's South32 risks tough market debut

2015-05-04 10:06

BHP Billiton's shareholders are expected to approve the biggest spin-off in the mining sector, seeking to wring more value out of long-neglected commodity assets.

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