Mt Arthur may be the largest coal mine in New South Wales, but BHP still wrote down its value from $550 million to a $275 million liability back in August. That means BHP is …
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 Billiton has axed almost 300 jobs from its Mount Arthur coal mine in the New South Wales Hunter Valley. ... a new report flags the risks of climate inaction for Australia's major exporters ...
Macquarie analysts said the $8 billion spending cut would likely delay BHP's Scarborough venture with Woodside off the coast of WA as well as a slower spend at its Spence open-cut copper mine …
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 …
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 boss Mike Henry said the company had achieved record production at its iron ore operations for the full financial year of 284.1 million tonnes, …
According to BHP's 2019 annual report, the death of a 49-year-old worker at its Saraji coal mine on New Year's Eve last year, the cause of which it …
Finance; Business; BHP flags job losses at Aussie operations ... be cut at some of the BHP's joint venture coal mines in Queensland's Bowen …
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.
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 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 …
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 ...
"The reduction in the productivity target was the main negative from the result along with higher cost guidance for Escondida and Queensland Coal.". At 11.56 am, BHP …
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. 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 ...
Muswellbrook Coal, a mine that has operated continuously for 114 years, is the first of the council's six mines due to close, in two years. Some areas covered by …
The miner was also making double-digit cost cuts at its largest copper mine and in shale well drilling costs in Texas, Mr Mackenzie said. BHP would also cut capital spending further to $9bn in ...
Resources giant BHP Billiton is targeting higher iron ore, coal and copper output in the year ahead, after falling short of its 2015/16 iron ore guidance. By AAP Read more Business News
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 has flagged a slight improvement, with iron ore production expected in a range of 228-237 million tonnes in 2016-17. It also expects to increase copper production by 5 per cent and ...
BHP's exposure to thermal coal has ... Arthur and its stake in Colombia's Cerrejon coal mine, ... SolGold may seek high cost finance in a bid to avoid giving BHP …
The company declared a record final dividend of $2 per share, or $10.1 billion, including an additional 91c per share above its 50% minimum payout policy. The total payout for FY21 to …
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.
BHP Billiton will focus on defending its balance sheet amid a global commodities rout, after lowering its full year iron ore production target and flagging another $1 billion hit to its bottom line.
BHP is set to expand its use of a custom-built iOS app for the scheduled maintenance of haul trucks to all its mines following a successful pilot at its Daunia metallurgical coal mine …
BHP shuts Queensland coal mine as prices slide. BHP Billiton has added to the wave of closures in the coal mining sector, shutting a central Queensland mine due to low prices and high costs…
BHP flags capital return after strong profit Angela Macdonald-Smith Senior resources writer Updated Feb 19, 2014 – 12.19am, first published at Feb 18, 2014 – 8.40am
Anglo-Australian miner BHP Billiton and Japanese trading house Mitsubishi Corp <8058.T> will cut around 230 jobs at a jointly-owned coal mine in Australia in a cost …
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 ...
BHP Billiton will axe almost 300 jobs from a coal mine in the NSW Hunter Valley. The mining giant announced the 290 job cuts from its Mount Arthur mine on Tuesday, blaming a sharp decline in ...
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 ...