News Articles for BHP

Perth Lord Mayor Lisa Scaffidi has admitted there are inaccuracies in her statement submitted to the State Administrative Tribunal, which is holding a hearing to determine her penalty for breaching local government laws.

Outgoing BHP Billiton chairman Jacques Nasser has been named a companion of the order of Australia, while Qantas boss Alan Joyce has also been honoured in the Queen's birthday honours.

The lobby group representing Australia's big businesses has called on the sector to sign up to its new voluntary payment term code in a bid to stave off regulatory changes.

OPINION: If Rio and BHP thought their political troubles ended when Brendon Grylls lost his seat at the recent election, they had better think again.

Embattled Perth Lord Mayor Lisa Scaffidi will have to wait until at least June to learn her penalty for seriously breaching local government laws.

BHP Billiton will begin dropping the "Billiton" from its name in a process beginning this week, and has signalled a further plan to eventually change its registered name, too.

ANALYSIS: With abundant supplies of energy and the raw materials growing Asian economies need, WA is set to ride out the economic headwinds facing the eastern states.

The Town of Port Hedland has voted to support BHP Billiton's ambition to ship out an extra 5 million tonnes of iron ore a year from the port, as the mining giant pushes for a licence to ship 290mtpa by the 2019 financial year.

BHP Billiton has cut its full-year copper production guidance and outlined plans to sell some of its US shale acreage, while also announcing record iron ore production and reaffirming plans for its South Flank development in the Pilbara.

OPINION: Corporate events such as takeovers and break-up proposals do not always have a political edge to them, but when they involve BHP Billiton, once Australia's biggest company, politics are not far away (and neither is Western Australia).

ANALYSIS: Several factors are combining to reshape the future options for titanium minerals and zircon miner Iluka Resources.

OPINION: Despite a spike in iron ore prices, it will be the bigger, low-cost producers that rule the roost in the near to medium term.

Mining giant BHP Billiton has rejected a proposal by hedge fund Elliott Advisors to restructure its business by shedding its dual Australia-UK listing and spinning-off its petroleum business.

An international hedge fund holding 4.1 per cent of the shares in BHP Billiton's UK-listed stock wants the global miner to scrap its dual listing in Australia and the UK and spin-off its US petroleum business for listing on the New York share market.

Mining giant Rio Tinto has been hit with an additional tax bill of $447 million over a dispute on transfer pricing of commodities to its Singapore marketing hub.

Special Report- Offshore oil & gas: First gas at the final train of Chevron's Gorgon project and two potential significant Woodside-led brownfields LNG projects are positives for an offshore energy industry under pressure. Click through for four related articles on the sector.

Water is being pumped out of a disused iron ore mine on a Western Australian island after pit walls slumped, sparking fears it could collapse and contaminate the ocean on the other side.

Investment plans for BHP Billiton's South Flank project can proceed with greater certainty following the defeat of the Nationals WA's proposed iron ore levy hike at the ballot box earlier this month, according to the company's asset president of WA iron ore, Edgar Basto.

A lack of battery storage across the electricity network in Perth and surrounds is the most significant energy problem facing the state, according to recent research from the University of Western Australia.

The appointment of Sam Walsh as a director of Mitsui & Company this week has brought attention to the usually low-profile Japanese multinational, which according to BNiQ Search Engine data has been a major investor in Western Australia's resources industry and is one of the state's largest exporters.

The University of Western Australia's proposed $600 million engineering zone at its Crawley campus has taken a major step towards construction, with plans lodged to build the development's $80 million first stage.

Iron ore dust in Port Hedland has cost the local economy around $60 million per annum, with an additional $216 million in one-off capital costs, according to a report released today commisoned by a local hotel opposing further expansion of BHP Billiton's port operations.

WA Nationals leader Brendon Grylls, who was the target of a $2 million mining industry advertising campaign, today conceded he's lost his seat of Pilbara to Labor's Kevin Michel.

Trans-shipment has been floated as a solution to capacity constraints at bulk export ports in the state's north.

ANALYSIS: One state Liberal Party MP believes that hostility towards the outgoing premier, Colin Barnett, was responsible for up to 10 per cent of the unprecedented swing that swept the Liberal-National governing alliance from power in Saturday's election.

BHP Billiton has reaffirmed its optimistic view on oil markets as it seeks to invest further in the sector amid a steady recovery in prices.

ANALYSIS: Nationals WA leader Brendon Grylls has attacked the debt reduction strategies of both the Liberal and Labor parties as unrealistic. However, he confirmed that, in the event of a hung parliament after the March 11 election, his party would only work with the Liberals to form a new government.

SPECIAL REPORT - MINING SERVICES: Higher commodity prices and investment to maintain iron ore volumes could help lift mining contractors out of the doldrums after several tough years. Click through to see this and links to four other feature stories.

Perth-based Monadelphous Group has received a number of contracts with multiple clients including Fortescue Metals Group, BHP Billiton and Chevron, with the work worth a combined $120 million.

Iron ore miner Fortescue Metals Group has joined larger rival BHP Billiton in forecasting a near-term moderation in iron ore prices, downplaying the rally that has helped it boost profits and lift shareholder payouts.

BHP Billiton has posted a first-half profit of $US3.2 billion ($A4.2 billion) as a rebound in prices for iron ore and petroleum helped the resources giant swing back to profitability.

BHP Billiton has extended its partnership with indigenous organisation Kanyirninpa Jukurrpa, following the announcement of a $14.7 million contribution to the Martu Ranger program over the next five years.

Perth Lord Mayor Lisa Scaffidi has admitted she didn't carefully fill in annual returns disclosing gifts and travel contributions, including BHP Billiton paying for her luxury accommodation and business class flights to the 2008 Beijing Olympics.

Premier Colin Barnett has criticised the mining industry over its prominent media campaign against Nationals leader Brendan Grylls and his proposed mining tax hike, on the first day of the election campaign.

Former BHP Billiton executive Julius Matthys has been appointed chairman of gold miner Doray Minerals, replacing Peter Lester who retired last month to focus on his other business interests.

Fortescue Metals Group looks set to achieve its full-year guidance after outlining steady iron ore shipments and further cost cuts in the December quarter.

OPINION: Expect Brendon Grylls to go hard at BHP Billiton and Rio Tinto over his tax plan ahead of the March state election.

More than $8 billion of greenfields iron ore projects are either proposed or in development, while $450 million of brownfields work is under way as the state's miners plan investments to maintain production.

BHP Billiton's iron ore production jumped 9 per cent during the December quarter with nickel production up by 18 per cent, helping the resources giant maintain its guidance for the full year.

Woodside Petroleum's impending move to its new offices has provided an unexpected visibility and branding boost, with the oil and gas company's logo appearing on two prominent Perth CBD skyscrapers.