منزل bhp flags coal mine cost cuts finance - search results

bhp flags coal mine cost cuts finance - search results


  • BHP flags energy future as iron ore, coal take back seat ...

    The world's biggest miner in August reported a 23.2 percent jump in annual net profit, as spending cuts and productivity gains offset weaker commodity prices. BHP also announced plans to demerge parts of its business to focus exclusively on its core long-life operations -- iron ore, copper, petroleum, coal and potash.




  • BHP cuts Australia coal mine jobs as cost pressures mount

    Anglo-Australian miner BHP Billiton (ASX:BHP.AX - News) (LSE:BLT.L - News) and Japanese trading house Mitsubishi Corp (:8058.T) will cut around 230 jobs at a jointly-owned coal mine in Australia in a cost-cutting move as Asia's demand for the fuel wanes. Hard coking coal contracts for the first quarter of 2014 have fallen to their lowest on record to stand at $143 a tonne, down 6 percent …


  • End Coal | BHP and Rio Tinto are quietly exiting coal

    Shanghai | The coal divestment lobby has stopped campaigning against BHP Billiton and Rio Tinto, which have been quietly selling their coal mines and are unlikely to approve new ones. While neither company has publicly stated they are exiting from coal used for power stations, both have cut their exposure over the past two years as prices have ...





  • BHP's Plan to Exit Thermal Coal Is in Doubt

    2 BHP and rivals including Anglo American Plc have looked to exit thermal coal under pressure from investors who weren't comfortable with blue-chip names mining the dirtiest fuel.


  • BHP turns to electric pickups as miners seek emissions cuts

    Eliminating all combustion-engine vehicles at mines would require major investment and only tackle a portion of their pollution. Use of diesel, including by mining equipment, accounts for about 40 per cent of BHP's so-called scope 1 and 2 greenhouse gas emissions, the …


  • Mine Rehabilitation and Closure Cost

    Mine closure is expensive Large open cut mines can cost hundreds of millions - and some cases - over a billion dollars to close. Currently, the Ranger Uranium Mine and Century Mine (zinc) are the two largest mine closures to date. These two mines will cost in the vicinity of …


  • BHP One Step Closer to Thermal Coal Exit – ShareCafe

    Partner Glencore is buying the combined 66.66% stakes of BHP and Anglo American in the mine. ... It is looking to sell the company's Mount Arthur thermal coal mines in the Hunter Valley of NSW. ... The estimated operating cash costs of $341/t SOP are low by global standards, and would place Lake Throssell in the lowest-cost quartile of the ...



  • BHP reduces potash mine ops; Anglo flags hit to iron ore ...

    In today's Daily Dose: BHP is ramping down its Jansen potash project; Anglo flags production impact to iron ore and export thermal coal due to reduced operations in South Africa; and Codelco's copper output in 2019 fell 5.3% while profit dropped 17%.


  • BHP flags more cuts to coal - SMH.com.au

    BHP flags more cuts to coal. By ... BHP in February said it was looking to sell the Gregory steelmaking coal mine in Queensland, after last year closing one part of the operation due to low prices ...





  • Analysis: BHP's Mt. Arthur bind illustrates mining's coal ...

    One stumbling block to a sale has been the expiration of BHP's mining licence, set for June 2026. BHP said in March it will apply to extend operations to 2045. The miner wrote down its Mt. Arthur coal business by $1.2billion this year and took a smaller write-down on …





  • BHP flags big coal hit - MiningNews.net

    BHP flags big coal hit. BHP will write down the value of its New South Wales Energy Coal business next month by US$1.15-1.25 billion. The company said the post-tax impairment related to property, plant and equipment, as well as recoverability of associated tax losses, resulting in net operating assets of $250-350 million.







  • Minerals Australia | BHP

    New South Wales Energy Coal consists of an open-cut energy coal mine in the Hunter Valley region of New South Wales, Australia. The site produces coal for international customers in the energy sector. Nickel West is a fully integrated mine-to-market nickel business. All nickel operations (open-cut and underground mines, concentrators, a smelter ...



  • Coal juniors Scinta, Canyon keep flag flying for SA mining ...

    According to Charl Ferreira, an executive director of Zico Investments, Scinta's plan is to begin exploration work on a new coal mining property that it hopes will deliver four million tonnes per year (Mtpy) of export and domestic thermal coal at a capital cost of R2.5bn. The property, known as Davel, was purchased from South32 along with ...