BHP Billiton PLC (BLT.L)
RIO DE JANEIRO A Brazilian state law to ban upstream tailings dams, the design used at a dam that collapsed at the Samarco iron ore mine in November, could be approved this year, an environmental official for the state of Minas Gerais told Reuters on Wednesday.
RIO DE JANEIRO, July 20 A Brazilian state law to ban upstream tailings dams, the design used for the dam that collapsed at the Samarco mine last November, could be passed this year, an environmental official for the state of Minas Gerais told Reuters on Wednesday.
SYDNEY/LONDON BHP Billiton and Anglo American have reported setbacks in their iron ore production, but analysts said the contraction was nowhere near enough to dent the massive global supply glut that has driven prices to record lows.
* Less petroleum output this year (Updates with Anglo outlook)
SYDNEY, July 20 BHP Billiton said on Wednesday it fell three million tonnes short of its iron ore production guidance for fiscal 2016 due to its Samarco disaster in Brazil.
SYDNEY Rio Tinto will keep a newly formed division that includes troublesome coal and uranium assets, its newly appointed chief executive told Reuters, brushing off expectations it would consider a spin off and eventual sale.
WINNIPEG, Manitoba Shares of Potash Corp of Saskatchewan jumped as much as 6.5 percent on Thursday after a financial news website reported a rumor that the Canadian fertilizer company had received an unsolicited takeover offer.
SYDNEY BHP Billiton plans to lift exploration spending by 29 percent next year, allocating nearly all its $900 million budget to finding oil and copper, as big miners bet on a narrow pick of commodities to drive future growth.
* Says investing more in exploration while others cut (Recasts, adds analyst comments, detail)
SYDNEY, June 27 Australian mining giant BHP Billiton said on Monday it will spend $900 million, or 18 percent of its capital budget, in exploration next financial year.
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