News Articles for BHP

BHP Billiton expects to lower costs in its Australian mining operations by a further 10 per cent, and has forecast the division will deliver $US1.6 billion ($A2.2 billion) in productivity gains over the next two years.

The Chinese government's environmental crackdown could provide a boost for the beleagured Sino Iron project, notwithstanding a recent adverse court ruling.

Australian shares have opened stronger thanks to a lift in some commodity prices and fresh gains on Wall Street overnight.

The share market has edged higher due to modest gains in most sectors, while the Reserve Bank's concerns about slow wages growth have driven the Australian dollar to a five-month low.

A Brazilian court has granted an additional 150 days for BHP Billiton, Vale and their joint venture, Samarco, to negotiate a settlement of multi-billion dollar public civil claims over the 2015 mine dam collapse in that country.

China's great environmental clean-up is starting to produce knock-on effects in Western Australia, with none more interesting than the ‘quality clash' in the iron ore sector.

Australian shares have reversed Monday's losses and opened stronger following positive finishes in the US overnight.

Better-than-expected US company earnings and optimism that President Donald Trump's tax cuts will proceed has helped drive Australian shares higher.

The share market has closed higher as takeover speculation fueled a big gain for gas giant Santos and other sectors recovered from early weakness.

The share market is following a negative lead from overseas markets, weighed down by weakness among miners and banks.

The Australian share market has closed lower after sharp falls in oil and base metal prices weighed on energy and mining companies.

A weak start to trading has sent the share market's leading index back below the 6,000-point level it broke last week.

The Australian share market has closed slightly lower, dragged back by two of the big four banks - ANZ and Westpac - trading ex-dividend.

Australian shares finished lower on Friday after losses concentrated in mining and energy stocks ended the market's run of recent gains.

The local share market has opened lower following negative sentiment in the US overnight where falls in technology stocks weighed on Wall Street.

Osborne Park-based Decmil Group has won a $75 million contract with BHP Billiton to upgrade and expand accommodation for the miner's existing operations and its planned South Flank iron ore project near Newman.

The share market has closed higher for a third straight session as a lift in iron ore prices boosted miners and most of the big banks gained ground.

The Australian share market is higher in early trade, as investors hold on to the positive momentum from the past few sessions.

The Australian market has opened lower, with most sectors in the red following a flat US lead, but local shares remain above the psychologically important 6,000 point mark.

The Australian share market is trading solidly higher at lunchtime, with upbeat overnight sentiment lifting the local markets to near 10-year highs and the S&P/ASX200 to twice breach the key 6,

Exports through Port Hedland could reach 700 million tonnes per annum within a decade, contributing an extra $4.8 billion to Australia's GDP, according to a report by ACIL Allen, as debate continues about the impact of iron ore dust on the nearby township.

New BHP Billiton chairman Ken MacKenzie has backed his chief executive's performance and cautioned activist shareholders that the board will ultimately determine the company's direction.

BHP Billiton has reaffirmed its full-year production guidance for all its commodities despite posting softer quarterly production for iron ore and copper.

SPECIAL REPORT: Mitsui & Company, Shell and Itochu Corporation are among a swag of businesses that have made substantial investments in the state's exporting industries over the decades, showing that foreign investors can contribute without directly operating assets.

SPECIAL REPORT: Roy Hill Holdings and Chevon have joined the likes of Rio Tinto, BHP, Woodside and CBH Group in an updated ranking of WA's largest exporters in the BNiQ Search Engine.

Local construction company Whittens has won a $10 million contract for work on Pilbara Minerals' Pilgangoora lithium project.

US organisation The Nature Conservancy, which has worked closely with BHP Billiton and Rio Tinto, visited Perth last week to speak about how the group and big resources companies can collaborate to benefit both the economy and the environment.

ANALYSIS: A forecast global surge into electric cars and buyers' growing preference for the state's hard rock lithium ore is putting a rocket into the sector.

Mining contractor Barminco has announced the recruitment of Thiess executive general manager Paul Muller as its new chief executive, succeeding Peter Stokes who resigned last month.

BHP Billiton manager Kirsten Rose is heading to one of the world's top universities this month for a leadership course after being selected for a Chief Executive Women scholarship.

BHP Billiton chief executive Andrew Mackenzie has seen his annual pay more than double in FY17 after his short term incentive payments (STI) were restored during the year.

Wesfarmers managing director Richard Goyder landed a $12.1 million pay packet in his final full year in charge of the Coles and Bunnings operator, while BHP Billiton chief executive Andrew Mackenzie also lifted his total income, but he remained a long way short of the Perth businessman.

UPDATED: Lisa Scaffidi has stood down from her duties as Perth's lord mayor, pending an appeal against her 18-month disqualification from holding office for repeatedly failing to disclose gifts and travel, but plans to retain the title and her annual allowance.

Perth lord mayor Lisa Scaffidi has been disqualified from holding any office for 18 months after failing to disclose gifts and travel, but her lawyer will seek to halt the penalty pending an appeal.

Universities are rethinking the role property has to play in attracting and engaging students.

BHP Billiton has announced the appointment of outgoing Wesfarmers finance director Terry Bowen to its board.

ANALYSIS: Positive news on employment and among some key commodities appears to mark a positive trend for the state's economy, and Business News' BN30 stock index backs that up.

BHP Billiton has joined its peers in sharply lifting dividends as stronger prices for iron ore, coal and petroleum helped the global miner post a solid return to profitability.

Decmil Group has been awarded a $13 million contract for work at BHP Billiton's South Flank iron ore project near Newman.

Some of the North West Shelf Venture partners might either sell their stake in the operation or take an equity interest in potential projects such as Browse as one potential solution to find backfill liquids for Karratha gas plant in the next decade, according to a report by Wood Mackenzie.