BHP Billiton chief executive Marius Kloppers has admitted the Ravensthorpe nickel operation was not the "finest investment decision" as the miner reported a 56.5 per cent drop in first half profit.
BHP Billiton could redeploy some of the sacked workers from its Ravensthorpe nickel mine to its iron ore operations in the Pilbara, as the miner confirms that it will buy back 60 houses in the Hopetoun area.
BHP Billiton has reportedly made a series of commitments to the unemployed mine workers from the Ravensthorpe nickel operation, including the redeployment of up to 200 former employees.
Premier Colin Barnett has reportedly indicated the government could buy back some houses in the Ravensthorpe and Hopetoun areas following BHP Billiton's decision yesterday to close its nickel operation.
BHP Billiton has today announced plans to cut 2100 jobs in Western Australia as it suspends operations at its Ravensthorpe nickel mine indefinitely and scales back production at its Mt Keith nickel mine on the back of a falling metal price.
Shares in BHP Billiton have climbed higher despite a report the miner could close its Ravensthorpe nickel mine and some 700 employees may lose their jobs.
BHP Billiton says it will focus on brown-field expansion projects including its Western Australian iron ore operations, to help carry it through the current economic uncertainty.
BHP Billiton's approval to proceed with further expansion works at its Pilbara iron ore operations has proved to be a boon for Macmahon Holdings, which today secured a $50 million contract with the miner.
BHP Billiton has emerged from its decision to dump a $100 billion-plus takeover for rival Rio Tinto Ltd with 'buy'recommendations from analysts, while Standard & Poor's has maintained its rating for Rio but warns of a downgrade.
The value of BHP Billiton's Ravensthorpe and Yabulu nickel operations have been written down by $US2.1 billion ($A3.3 billion), which equates to three quarters of its total investments in the related projects.
BHP Billiton will go ahead with its iron ore expansion works, today approving its $US4.8 billion ($A7.5 billion) Rapid Growth Project 5 for its Pilbara operations.
Perth-based engineering firm, GRD Minproc has been awarded an ore processing technology contract on the world's largest uranium deposit and a world scale copper and gold resource, BHP Billiton's Olympic Dam Expansion Project.
MINERAL and petroleum commodities dominate Western Australian exports, with iron ore alone accounting for almost one-third of the state's total exports.
THE expansion of existing iron ore projects, and the commissioning of new mines, is expected to increase pressure on the Pilbara's already squeezed port and rail infrastructure.
BHP Billiton's iron ore and associated port operations have been suspended until further notice following the death of a 19 year-old man at the Yandi mine site late yesterday.
Capacity at Port Hedland's inner harbour is set to increase to cater for the iron ore expansion projects by BHP Billiton, which today secured an agreement with the state government.
Transfield Services has secured a $120 million three-year contract to provide asset management services to BHP Billiton Nickel West in Western Australia.
Contrary to media reports, plans for development of a multi-user outer harbour facility at Port Hedland do not depend on a commitment by BHP Billiton Ltd to develop a new export facility.
BHP Billiton Ltd is close to sanctioning another stage of its Pilbara iron ore expansion but chief executive Marius Kloppers kept quiet on plans to build an outer habour in Port Hedland.
BHP Billiton Ltd is expected to restart rail and port activities at its Nelson Point operation shortly after a 52 year old employee was killed on site yesterday.
BHP Billiton Ltd has appeared in the High Court today over rail access issues in the Pilbara while rail and port activities at its Nelson Point operation were suspended after a man was killed this morning.
Mining giant BHP Billiton today outlined a major expansion of its Pilbara iron ore resource and provided further details of its expansion plans, as it continued price negotiations with its steel mill customers.
The relationship between Perth-based GRD Minproc and BHP Billiton is set to continue with the pair signing an ongoing services agreement over the latter's Ravensthorpe nickel operation.
The Australian Competition and Consumer Commission will begin its review of BHP Billiton Ltd's proposed $200 billion acquisition of Rio Tinto Ltd after paperwork for the takeover was filed today.
When BHP Billiton Ltd officially opened its Ravensthorpe nickel mine last week, many pundits focused on the cost blow-outs that hit the project, but industry insiders reckon the development looks l
BHP Billiton's petroleum arm is expecting double digit volume growth for the next four or five years following flat production volumes over the last two fiscal years, the company said today.
BHP set to start work on twin rail network; Bears on prowl as losses pile up; Rudd plan to tackle inflation risks; Orbital warns loss may hit $500,000; BHP plays down rumours on higher Rio bid
The resources sector is again at the forefront of community initiatives, with BHP Billiton Ltd committing $5 million to fund resources research and education at the University of Western Australia Business School.
One week after Brazilian mining giant CVRD Inco agreed to fund further studies on Heron Resources' Kalgoorlie nickel project, Heron has done a deal with Australian mining giant BHP Billiton to raise extra capital for a second nickel project.
One month ago, WA Business News published an in-depth report on Western Australia's export boom, which highlighted the prominence of three giant resources sector producers.
In its first detailed statement on the proposed takever of Rio Tinto Ltd, mining giant BHP Billiton Ltd has asserted that combining the two companies would facilitate accelerated development of the Pilbara iron ore industry.
BHP Billiton Ltd cracked the $150 billion mark in terms of market capitalisation today, as its share price surged briefly above $45 amid speculation that it is set to reveal a massive expansion of gold reserves at Olympic Dam in South Australia.
