 |
Rio Tinto's CEO sees no BHP-style spin off for unloved assetsRio Tinto will keep a newly formed division that includes troublesome coal and uranium assets, its newly appointed chief executive told Reuters, brushing off expectations it would consider a spin off and eventual sale. BHP Billito More… |
 |
Brazil sues BHP, Vale for $5bn over mine disasterBrazil filed a lawsuit on Monday against two of the world's largest mining companies for 20 billion Brazilian reais ($5.2 billion) to clean up what it says was its worst environmental disaster, caused by the collapse of a tailings dam. More… |
 |
Rio, BHP repeating iron ore strategy in copperRio Tinto and BHP Billiton are amassing vast copper holdings in a push to capture a greater chunk of the $140 billion world market, apparently aiming to squeeze out high-cost producers just as they did in the global iron ore business. More… |
 |
BHP to spend $80 billion on expansionBHP Billiton , the world's biggest miner, plans to pour $80 billion into expansions over the next five years and return cash to investors rather than chase ambitious takeovers The Anglo-Australian giant, flush with cash, said it would more More… |
 |
Australia to focus on high-skill immigrationAustralia will dump 20,000 low-skilled migrant applications to re-focus its immigration intake on high-skilled jobs critical to the economy and help meet growing Chinese resource demand, the government said on Monday. The move was welcomed More… |
|
Australia to focus on high-skill immigrationAustralia will dump 20,000 low-skilled migrant applications to re-focus its immigration intake on high-skilled jobs critical to the economy and help meet growing Chinese resource demand, the government said on Monday. The move was welcomed More… |
 |
Xstrata seeks $68bn merger with AngloXstrata wants talks with mining rival Anglo American about a proposed merger of equals worth about $68 billion, seeking increased scale and cost synergies, Xstrata said on Sunday. Anglo is likely to resist the attempt by Xstrata to forge a More… |
 |
BHP launches $147bn Rio Tinto bidBHP Billiton Ltd/Plc launched a hostile $147.4 billion bid for mining rival Rio Tinto Ltd/Plc on Wednesday, in what could be the second biggest takeover in corporate history. A marriage of the two mining giants would create the world's thi More… |
 |
Global iron ore deficit seen this yearA worldwide iron ore supply deficit of between 20 million and 25 million tonnes is likely in 2008, Credit Suisse forecast in a report on Monday, on the back of high demand from steel mills. Iron ore miners are earmarking billions of dollar More… |
 |
BHP 'mulls $40bn sale of petroleum arm'BHP Billiton, the world's biggest mining group, is considering the sale of one of its largest units, BHP Petroleum, to help finance a hostile takeover of Rio Tinto, the UK Sunday Times newspaper said. BHP's financial advisers Goldman Sachs More… |
