Articles Tagged "BHP"

Govt. tapping its foot on BHP Billiton nickel project

The government is getting impatient as Australia’s BHP Billiton and its local partner are still at odds over a nickel project in Mindanao and may soon decide to step in. Mining chief Horace Ramos said: BHP has said they will not back out but there is a limit to their patience. And we in the [...]

BHP Billiton will close its giant Ravensthorpe nickel mine

BHP Billiton will close its giant Ravensthorpe nickel mine in Australia, reduce activity at Mount Keith nickel mine and put Pinto Valley copper operations in the United States on care and maintenance in February. For full story, click here

Nickel industry faces delays

By Leia Michele Toovey- Exclusive to Nickel Investing News The sharp retreat in the price of nickel in 2008 as demand from the key stainless steel sector plummeted has forced several producers to curb output or defer projects. So far, in 2008, and extending into 2009, mines in Australia, Canada, Finland, Africa and Asia have [...]

Nickel miners scale back

By Leia Michele Toovey- Exclusive to Nickel Investing News The global economic slowdown has impacted the stainless steel market, which has in turn curbed demand for nickel.  Now, nickel market participants are struggling to stay afloat. The price of nickel used in stainless steel has slumped more than 60 per cent this year, and many [...]

Mining giants feel the pinch

By Leia Michele Toovey- Exclusive to Nickel Investing News The mining giants that feed the world’s appetite for iron, copper and other industry staples earned piles of money as commodities prices soared the past.  Now, they are facing a much different situation.  Across the board metals prices have plunged.  Right now on the London Metal [...]

BHP drops mega nickel project with Antam

BHP Billiton has dropped its plan to develop a US$4.5 billion nickel laterite project with Indonesia’s second-largest nickel producer PT Aneka Tambang (Antam). For full story, click here For BHP Billiton’s ebsite, click here  

BHP CEO shows confidence on merger with Rio Tinto

Marius Kloppers, BHP Billiton’s chief executive is quite confident a merger with Rio Tinto and feels it would reap the targeted $S3.7 bn in annual cost savings despite the present economic crisis. For full story, click here For company’s website, click here