BHP Billiton Ltd (BHP.AX)
18 Aug 2017
* Rival Rio Tinto also expanding copper production (Adds context, quotes, detail)
LONDON Mining major BHP said on Thursday it was spending $2.46 billion to extend the life of the Spence copper mine in northern Chile by more than 50 years, creating up to 5,000 jobs and bringing new output online from 2021.
MELBOURNE/LONDON Hedge fund Elliott Management has upped the stakes at BHP , gaining powers to push for change by raising its holding in the miner's London-listed arm to 5 percent.
* Ups FY f'cast for adjusted EBIT in trading business by $100 mln
VANCOUVER First Quantum Minerals Ltd said on Wednesday it plans to suspend operations at its Ravensthorpe nickel mine in Western Australia next month due to persistently weak nickel prices, affecting around 450 employees and contractors.
* Other producers eye electric battery market (Adds analyst, Glencore comment, details)
Aug 10 Britain's FTSE 100 index is seen opening down 45 points on Thursday, according to financial spreadbetters, with futures down 0.01 percent ahead of the cash market open.
Aug 10 Britain's FTSE 100 index is seen opening down 45 points on Thursday, according to financial spreadbetters. * BP: Australia's antitrust regulator said on Thursday it was concerned BP Plc's plan to buy the petrol stations of grocery giant Woolworths Ltd would hurt competition, a sign it may block the A$1.8 billion ($1.4 billion) deal. * SKY: Hedge fund manager Crispin Odey has said he is considering withdrawing his support for Twenty-First Century Fox's attempt
MELBOURNE, Aug 10 China aluminium extended gains on Thursday to strike its highest since 2012, with investors flooding into the market on prospects that capacity closures in the world's top producer would tighten supply. FUNDAMENTALS * SHFE ALUMINIUM: Shanghai Futures Exchange aluminium had climbed 1.4 percent to 16,275 yuan ($2,443) a tonne by 0240 GMT, having earlier hit its highest since May 2012 at 16,460 yuan. Open interest flew to a record-high around 900
SYDNEY, Aug 9 The rise of electric vehicles is driving the world's biggest mining house, BHP , to switch gears and invest heavily in its long-suffering nickel business.