News Articles for BHP

Family-owned Tribute Group has been placed in receivership, just two months after winning what appeared to be a company-making contract with BHP Billiton for its accommodation businesses in Newman.

BHP Billiton's top Australian executive has stepped up the company's criticism of the WA Nationals' planned iron ore tax hike, two days after an opinion poll found high support for the proposal.

BHP Billiton is locked in a $1 billion dispute with the Australian Taxation Office over the amount of taxes payable on the sale of Australian commodities to its Singapore marketing business, while its chief executive has seen his annual pay slashed in half follwoing the Samarco dam disaster.

Whether Premier Colin Barnett stays or goes is a political decision, but it would be unwise for anyone to imagine that a change at the top of government will not have a significant effect on the way business is conducted in Western Australia.

BHP Billiton says its plans to invest in a huge new iron ore mine in the Pilbara are threatened by The Nationals WA's proposed new $5 a tonne mining tax.

The Australian share market lost its early morning gains to close at its lowest level since July on concerns about future stimulus programs by central banks.

The Australian share market has slumped to a two-month low as investors dumped stocks from all sectors on fears the US Federal Reserve could hike interest rates this month.

Brendon Grylls' proposal to lift the tax rate on WA's two biggest miners may have received some bad press, but at least it has started a conversation.

Diversified miner South32 chief executive Graham Kerr earned $4.1 million in 2015-16, but lost more than a third of his short-term incentives due to fatal workplace accidents.

The Australian share market has made some solid gains as the prospect of an interest rate hike in the US in September was pared back following some weaker-than-expected US jobs figures on Friday night.

New research released by the mining sector today suggests the impact of the WA Nationals' proposed $5 per tonne tax on iron ore production could be greater than originally anticipated.

Energy giant Woodside Petroleum has entered into an agreement to buy half of BHP Billiton's stake in the Scarborough offshore gas fields in the Carnarvon Basin for up to $US400 million ($A528 million).

The Australian share market lost steam throughout the afternoon session to close slightly higher as gains in health care, resource and banking stocks offset losses in Woolworths and Telstra.

Mining giant BHP Billiton says it was not aware that the tailings dam at its Samarco joint venture in Brazil was at risk of collapsing, despite a series of efforts over years to fix its structural defects.

Diversified miner South32 has slumped to a net loss of $US1.62 billion ($A2.13 billion) in its first full year as a listed company, after taking heavy write-downs in its manganese, coal and alumina operations to reflect the downfall in commodities prices.

SPECIAL REPORT: Discussion about a sale of Western Power is taking place against a backdrop of rapid technological change in the sector, as networks brace for an onslaught of competition from battery storage.

RCR Tomlinson says it has won $170 million worth of contracts for work across Australia, including at BHP Billiton's operations in the Pilbara.

Miner BHP Billiton has posted a loss of $US6.4 billion for the 2016 financial year following its $7.2 billion impairment of US shale assets in January, a slightly better result than had been anticipated by the market.

The share market has closed only modestly higher, despite US markets hitting record levels overnight, weighed down by weakness from market heavyweights Westpac and Telstra.

Brendon Grylls was something of a change-agent when he got the Royalties for Regions policy implemented, but his plan to tax iron ore tonnages has business worried.

The short selling of shares in some of Australia's biggest retail stocks suggests investors are concerned about the sector's future.

The Australian share market has closed lower, hurt by falls in financial and resource giants, including the Commonwealth Bank, Westpac and Rio Tinto.

Rio Tinto and BHP Billiton have labelled the reinstalled WA Nationals leader's plan to slug them with higher taxes "ill-conceived" and "damaging".

The Australian share market has closed slightly higher, with the big banks holding up the bourse in light trading following a weak lead from US markets

Brendon Grylls has snatched back leadership of the WA Nationals and will press the Barnett government to support his plan to slug BHP Billiton and Rio Tinto with a $5 per tonne mining tax.

The WA Liberals can govern without the support of the Nationals, who are still deciding who will lead their party, Premier Colin Barnett says.

A move flagged by National Party leadership challenger Brendon Grylls to effectively double the rate of the royalty paid by the state's two biggest iron ore miners would make Western Australia one of the most punitive jurisdictions for taxes on production of the commodity.

ANALYSIS: Politics and business never mix well, which is something the state government is about to discover with news that former Nationals WA leader Brendon Grylls is eyeing a return to his party's top job.

A short term domestic gas contract between Woodside Petroleum and electricity generator Synergy is the first such deal since the North West Shelf Venture partners moved towards separate marketing of their production.

The environmental watchdog has recommended rejection of a new uranium mine in the Goldfields after the proposal failed to meet one of nine strict factors.

Iron ore shipments contributed more than $45 billion to the Western Australian economy in the 12 months to June, a figure well down on last year, according to BNiQ, despite a pick-up in volumes by the state's major producers.

The fatal Samarco mine disaster in Brazil will dent BHP Billiton's bottom line by up to $US1.4 billion ($A1.9 billion) for the 2015-16 financial year.

Perth-based IT firm Velrada has announced a $10 million contract to support the expanding Pilbara operations of global facilities management company Sodexo.

Pilbara accommodation businesses run by one-time trucking boss Craig Mitchell and the Collinson family are set to be the winners from BHP Billiton's surprise decision to close Kurra Village in Newman, which at its peak houses up to 1,600 fly-in, fly-out workers

A fuel supply system at Rio Tinto's Cape Lambert port and work on a loading jetty at Ichthys's Darwin LNG facilities are among $140 million of contracts recently won by Monadelphous.

BHP Billiton has fallen slightly short of its revised iron ore production target for the 2016 financial year as it struggles to make up for the suspension of operations at its Samarco joint venture in Brazil and the impact of bad weather in Western Australia.

Brazilian federal prosecutors say they have opened an investigation into alleged environmental crimes by Roberto Carvalho, chief executive of BHP Billiton co-owned company Samarco Minerao SA, over a deadly damburst last year.

A former Choice Industrial Training employee has been fined nearly $2,300 after being found guilty of falsely assessing candidates for high-risk work licences.

A ramp-up of iron ore exports has lifted annual throughput at Port Hedland to a new record of 460.4 million tonnes, with the combined Pilbara Ports Authority tracking for a figure of 633.5mt per year.

SPECIAL REPORT: Mining stocks are again leading the way in shareholder returns, but this time it's not the iron ore players doing the business.