US Regulators Approve Exploration Plan by BHP Billiton Ltd.
Submitted by Praneet Kessani on Wed, 05/18/2011 - 14:57
BHP Billiton Ltd., based in Melbourne and Australia’s largest oil and gas producer, is said to be the first operator since BP Plc's spill, to meet the U. S. environmental and safety requirements for their initial Gulf of Mexico exploration scheme.
BHP's failed deals will not hamper Kloppers' hunt for acquisitions
Submitted by Manish Verma on Tue, 11/16/2010 - 11:30
While finding big and buyable targets will be a challenge for the BHP Billiton Ltd. Chief Executive Officer Marius Kloppers but it very much sure that the chief will not let three failed investments worth more than $100 billion prevent further takeover attempts.
Rejection of BHP may increase Canada’s problems
Submitted by Omaka Nelson on Thu, 11/04/2010 - 12:50
Yesterday, in a statement, Canada rejected a bid by BHP Billiton Ltd, the world's biggest mining company. Mr. Tony Clement, who is industry Minister, said that the bid for takeover of Potash Corp. of Saskatchewan Inc. was rejected, as there is no benefit to Canada in this takeover. This incident may have hurt the image of Canada as pro-trade country.
Two Companies to Meet Government on Mining Tax
Submitted by Kunal Garg on Thu, 10/21/2010 - 15:13
The Australian newspaper reported today that BHP Billiton Ltd., Rio Tinto Group and Xstrata Plc have called a meeting as they believe discarding a mining tax contract brokered with Prime Minister Julia Gillard.
The newspaper reported that Gillard's decision not to pay compensation mining companies intended for higher state royalties may scupper the deal confirmed in July.
PM offers companies hope on mining tax deal
Submitted by Tangaroa Snell on Wed, 10/20/2010 - 14:21
The largest miner in the world - BHP Billiton – reported today that there has been a great rise in the iron ore production in petroleum and natural gas and the outputs have been quite strong in the quarter.
The production and output of 11 commodities has, according to the report, increased in the quarter ended September. BHP Billiton has shown confidence in its outlook due to the high demand from many countries including India and China.
BHP ratings on review despite merger failure
Submitted by Manish Verma on Tue, 10/19/2010 - 12:58
Despite the cancellation of the joint venture with Rio Tinto, the long term A1 credit rating of the BHP Billiton Ltd has been kept on review for probable downgrading by Moody’s Investor Service.
They commented that BHP would lose the future synergy benefits due to the cancellation of the proposed joint venture between Rio’s West Australian iron ore operations and BHP.
