153 Results

Departing BHP boss Marius Kloppers is leaving the mining company in far worse shape than he found it — and being paid handsomely for it. Even Rich Lister Ivan Glasenberg took a swipe today.

Mining companies around the world are announcing billions of dollars worth of write-downs. Here’s a list of the biggest cuts.

The slump in iron ore prices boosted the Chinese economy — but robbed Australian exporters like BHP and Rio Tinto of significant revenue in 2012. But the tables are turning.

Australian resources companies have enjoyed a healthy six months since the introduction of the Gillard government’s feared carbon tax. So much for the predicted business wipeout.

Finance types enjoy Xmas banquet … while posties lament a thermos gift … is BHP Billiton cutting safety, enviro staff? …

Japan’s announced phasing-out of nuclear power by 2040 is the latest blow to an industry that has been reeling since Fukushima. Our governments should be nervous, write Glenn Dyer and Bernard Keane.

Is China indulging in another round of talks about new spending that it will find almost impossible to back with what’s really needed — cold, hard cash?

Marius Kloppers should be grateful to his predecessors at BHP for creating a company able to withstand a series of multibillion-dollar management blunders.

Just what is the status of the Olympic Dam expansion plan? BHP boss Marius Kloppers finally made it clear yesterday — it’s nothing but a pipe dream. Kevin Naughton of InDaily reports.

It’s a welcome to a re-run of 2008-09, judging by the huge write-downs emerging this reporting season from some major companies.

The rate of change in external circumstances blind-sided BHP Billiton and its peers. The silver lining is that the change came soon enough to prevent unaffordable mega-projects from being set in motion.

The Olympic Dam expansion is now a genuine “mirage in the desert”. Kevin Naughton of InDaily looks at the history of the project from Mike Rann to now.

Poor quarterly results released overnight by a trio of miners from the US and Canada contained clear warning signs for the likes of BHP Billiton and Rio Tinto.

Does Rio Tinto have a case to make for damages — over the impact of the rigging of the Libor interest rate by Barclays and other banks.

The slowdown in the Chinese economy seems to be deepening with the surprisingly sharp slowdown in industrial production, retail sales and investment.

Things are on the up for the voracious Chinese steel industry, but don’t tell all those highly paid investment analysts here and offshore who are gloomy about China.