Why did BHP Billiton and Rio Tinto scrap their plans to jointly market iron ore from the joint venture between their huge iron ore mines in the Pilbara region? Did negotiations with Chinese mills affect it?
BHP Billiton
China’s ore tactics eroded from within
China’s attempts to try and crack the iron ore producers is being undermined by soaring world prices, says Glenn Dyer.
Sackwatch 12: Unemployment figures may be staying put for a while…
Crikey continues to track the job-loss carnage.
SackWatch 11: the shutters come down
Unemployment data released this morning has confirmed the suspicion among economists that the April jobless figure was a blip on the radar.
Coverage skips the conflict in the BHP/Rio marriage
Significant issues have been overlooked in the gushy coverage of the BHP/Rio iron-ore joint venture, writes Glenn Dyer.
Rio-BHP carve up isn’t iron-clad just yet
Rio Tinto and BHP Billiton are optimistic if they think their iron ore joint venture will pass muster at the European Commission, writes Glenn Dyer.
Morning Market Report: Chinalco deal off — BHP deal on
The Chinalco deal backflip is the big story of the day, while the market is up 54.
Chinalco’s $19.5bn backflip
Chinalco is set to walk away from a $19.5bn deal with Rio Tinto after weeks of wrangling over the terms of the transaction, and are now considering a joint venture with rival BHP Billiton.
Rio-BHP in Pilbara iron ore tie-up
BHP Billiton and Rio Tinto have decided to pool their Pilbara iron ore assets, spurning state-owned metals monopolist Chinalco.
Chinese ore glut bad news for Canberra
There are signs of growing Chinese Government unease at an oversupply situation developing in the politically and economically sensitive steel sector.
Steelmakers brace for inferno ahead
The Australian and world steel industries are struggling as demand continues to weaken.
Secret Beijing voting business saves Sir Rod
Rio Tinto’s AGM in Sydney on Monday is all about treating small shareholders with utter contempt.
Morning Market Report: BEN gets crushed
Bendigo and Adelaide Bank (BEN) getting smashed after releasing its Trading Update.
Morning Market Report: OZ Minerals bid from China Minmetals blocked
Market Down 51, the Dow down 147 and BHP in the news. Marcus Padley reports on the highs and lows of today’s markets.
The destruction of Australia’s most productive food bowl
Australia’s most productive agricultural region, the Liverpool Plains in North-West NSW, is under siege from BHP Billiton and coal and gas companies, writes Rosemary Nankivell.
Vote for Chinalco, bring Rio Down Under
The debate leading up to the big Rio Tinto shareholder votes in May will be the most complex, politically charged and serious that we’ve ever seen over foreign investment, writes Stephen Mayne.
Dyer’s business wrap: Glee turns to gall on Wall St
An early whiff of economic joy overnight was quickly dashed when a more convincing trigger failed to eventuate, writes Glenn Dyer.
BHP’s $690 million Rio fees blowout
BHP spent $690 million in advisory fees for a deal that went nowhere, and it’s time to start counting the cost to shareholders, writes Michael Feller.
ArcelorMittal hits the panic button
The world’s biggest steel company has announced it is cutting 9000 jobs as commodity markets continue their contraction, writes Glenn Dyer.
What is BHP hatching with Oz Minerals?
In the wake of BHP Billiton calling off its shotgun marriage to Rio Tinto, the Big Australian is looking at a deal with OZ Minerals, writes Glenn Dyer.
Commentary wrap: BHP bites the bullet, backs down
Crikey / Wednesday, 26 November 2008
In an announcement to the ASX last night, BHP Billiton backed away from its $100 billion hostile bid for Rio Tinto. The commentariat weighs in: