News Articles for BHP

Ratings agency Standard & Poor's could force BHP Billiton's hand on its controversial dividend policy after lowering the resources giant's credit rating by a notch and putting it on negative watch.

Premier Colin Barnett and Planning Minister John Day have officially opened Elizabeth Quay after decades of discussion and debate.

The Samarco mine in the southeastern city of Mariana, where last November a huge toxic waste spill caused Brazil's worst environmental disaster, has had a new spill although no victims have been reported, the company says.

Jonathan Murray has been appointed as a non-executive director of Vietnam Industrial Investments.

You probably wouldn't believe it if someone told you that Perth-based retailing specialist Wesfarmers was bigger than global resources leader BHP Billiton, but that was the situation last week on the Australian Securities Exchange as the company led by Richard Goyder quietly slipped past the global mining giant.

BHP Billiton spin-off South32 has slashed its debt and sharply cut costs as it races to stay ahead of weaker earnings amid a slump in commodities prices.

City of Perth chief executive Gary Stevenson has been sacked, three years into a five-year contract, following a horror year for the council.

BHP Billiton is facing another $1 billion hit to its bottom line and has cut its full-year iron ore production target.

Pressure is mounting on self-proclaimed billionaire Clive Palmer to meet with affected workers at his embattled north Queensland nickel refinery.

Mining giant BHP Billiton will write down the value of its onshore US oil and gas assets by more than 30 per cent as it factors in the slump in crude oil prices.

Western Australia's biggest and most productive gas production facility suffered an equipment failure early this morning.

Australia's biggest iron ore miners are expected to slash dividends next month as the price of the steel-making commodity dropped to $US40 a tonne overnight.

South Australian Senator Nick Xenophon has renewed his call for an inquiry into the cause of the dramatic recent fall in the iron ore price while in Perth today, as shares in the state's biggest miners continued to fall.

Australia's struggling oil and gas producers are expected to put more assets on the market this year as oil prices hit fresh 12-year lows.

Canny investors would be well advised to plan for the worst and hope for the best as 2016 bears down on us.

The federal government seems to be preparing the public for reform with its semi-regular announcements from ministers that ‘everything is on the table', particularly since Malcolm Turnbull took the prime ministership from Tony Abbott.

Woodside Petroleum and its joint venture partners have given the go-ahead to a $2 billion subsea development at the North West Shelf Project off the Pilbara coast.

Bell Group has been in the news recently, which is an apt reminder of the downside of debt, considering the state of play in the resources sector.

SPECIAL REPORT: Newly appointed chief executives in Western Australia are mostly receiving lower salaries than their predecessors, but retaining plenty of upside through incentive schemes, a survey of nearly 40 new CEO pay packages has found.

SPECIAL REPORT: The 2015 CEO salary survey has some surprising names near the top of the list while some of the state's best chief executives are unexpectedly low down.

With the iron ore price falling to nearly $US40 per tonne, analysts can't see an end to the pain any time soon.

BHP Billiton plans to almost halve its costs at Olympic Dam over the next two years but says it will double capacity over the long term.

The state's corporate donors still prefer their gifts to be in cash, while in-kind contributions have fallen away in favour of increased staff volunteering, according to the latest Giving West survey.

The latest official report into Western Australia's gas supply and demand outlook has raised the ire of a group of major domestic gas users, which says some of its key findings are misleading and called for an independent review into how the report is compiled.

It is one of the most overused quotes of all time, but if you look at the old and the new of Western Australia's mining industry it is impossible to avoid thinking about the first words in Charles Dickens' novel, A Tale of Two Cities: “It was the best of times, it was the worst of times”.

Perth-based Indigenous Construction Resource Group is poised to become a bigger player in the mining services sector after its chairman, Clinton Wolf, lured NRW Holdings founder and former managing director Jeff McGlinn out of retirement.

A Perth jeweller has used the launch of her first men's collection to call on the mining industry to open its production lines to Western Australia's creative community.

Iron ore producers, and the WA economy, need to prepare for more sluggish demand from China if the findings of a major investment bank are accurate.

Smart-ticketing company Vix Technology has strengthened its push into the resources sector by acquiring specialist Australian software company Osmotion for an undisclosed sum.

The recently renamed Avenira is finally realising its potential to become a supplier of phosphate, ticking off a decision to mine at its project in West Africa.

Global miner BHP Billiton has committed to its progressive dividend as it counts the cost of the Brazilian mine disaster, which left 11 people dead.

Brookfield Property Partners is shifting its focus to new developments in Perth as the final piece of the puzzle is finished at Brookfield Place, with construction complete on the precinct's second office tower.

South 32 chief executive Graham Kerr said the company expected to achieve its targeted operations savings this year, while it announced it would keep South African production at its jointly owned Samancor venture in suspension pending a strategic review.

BHP Billiton is assessing dams at all its facilities around the world following the deadly dam disaster in Brazil.

Expect fireworks at the Australian leg of BHP Billiton's annual meeting process, to be held in Perth this week.

The state government says the shipping capacity of Port Hedland could increase by 16 per cent to 577 million tonnes, opening up the possibility of further growth in iron ore exports through the existing harbour.

BHP Billiton shares have fallen to a 10-year low as a perfect storm hits the market heavyweight in the wake of the Brazilian mine disaster, which the company said today had claimed the lives of nine people so far.

A rift is developing between the Western Australian Nationals leader and the Liberal premier over fly-in, fly-out (Fifo) worker camps, with speculation mounting it could end their alliance.

'Tis the season to be gloomy, that much we know from following financial markets; but an early nominee for the Dr Gloomy prize of the season goes to former ANZ Bank chief economist, Saul Eslake, who said earlier this week that the China-driven mining boom was “the last in human history”.

BHP Billiton boss Andrew Mackenzie has described as "heartbreaking" the devastation wreaked by a deadly dam burst at a mine in Brazil and pledged to set up an emergency relief fund.