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  • BHP Billiton to drill two new deepwater wells in Trion this year Feb 16, 2018 11:55 AM IST

    BHP Billiton to drill two new deepwater wells in Trion this year

    Drilling for the new exploration well is scheduled to begin in October, part of BHP Billiton's obligations under the 35-year license contract it signed with the Mexican government.

  • BHP Billiton returns to black with $6.7 billion profit Aug 22, 2017 08:30 AM IST

    BHP Billiton returns to black with $6.7 billion profit

    Anglo-Australian miner, BHP Billiton today reported a return to black with a USD 6.7 billion annual profit a year after the company's worst ever full-year result and said it wants to sell its US shale oil assets.

  • World's biggest miner BHP posts soaring second half profit Feb 21, 2017 12:12 PM IST

    World's biggest miner BHP posts soaring second half profit

    The underlying profit of USD 3.2 billion and earnings before tax of USD 9.9 billion for the last six months of 2016 exceeded expectations.

  • Vedanta to invest $10 bn on expanding business Feb 19, 2017 04:32 PM IST

    Vedanta to invest $10 bn on expanding business

    Metals and mining conglomerate Vedanta will invest USD 10 billion in 3-4 years on expanding business across verticals, company's Chairman Anil Agarwal said.

  • Waste containment at Samarco mine to be complete by year-end:BHP Oct 07, 2016 07:59 AM IST

    Waste containment at Samarco mine to be complete by year-end:BHP

    When the Fundao dam burst at the mine, owned 50-50 by BHP and Vale SA , enough mud to fill 12,000 Olympic swimming pools flattened an entire village, killed 19 people and left hundreds homeless.

  • Brazil's prosecutors hit Vale, BHP with $44 bn civil lawsuit May 04, 2016 09:06 PM IST

    Brazil's prosecutors hit Vale, BHP with $44 bn civil lawsuit

    Mining companies Vale SA and BHP Billiton were hit with a $43.5 billion civil lawsuit for the collapse of a dam at a mine last year that killed 19 people and caused damage

  • India delays plans to open up coal sector to private firms Mar 14, 2016 02:52 PM IST

    India delays plans to open up coal sector to private firms

    The world's third-largest coal importer wants private companies to contribute about a third of an annual production target of 1.5 billion tonnes by 2020, but the hold up in opening the sector to non-government companies for the first time in over 40 years may mean India will fall well short of that mark.

  • Asia markets mostly higher despite Wall Street selloff Jan 21, 2016 11:01 AM IST

    Asia markets mostly higher despite Wall Street selloff

    "2016 should end much better than it has started off for investors, ultimately providing okay investment returns, but expect a continued volatile ride," Shane Oliver, head of investment strategy at AMP Capital, said in a note Thursday.

  • BHP takes $7.2 billion hit on US shale assets Jan 15, 2016 11:10 AM IST

    BHP takes $7.2 billion hit on US shale assets

    The decision came as miners globally struggle to cope with collapsing commodity prices and China's once insatiable appetite -- boosted by an unprecedented investment boom in the world's second-largest economy -- waning.

  • China shares tumble in late trade as Asia markets sell off Jan 11, 2016 04:30 PM IST

    China shares tumble in late trade as Asia markets sell off

    The Shanghai composite tumbled 168 points, or 5.29 percent, to 3,017.99, while the Shenzhen composite plunged 130.61 points, or 6.6 percent, to close at 1,848

  • China's final Caixin manufacturing PMI at 47.2 Oct 01, 2015 07:31 AM IST

    China's final Caixin manufacturing PMI at 47.2

    Unlike the government's gauge that concentrates on large firms, Caixin's survey focuses on smaller and medium-sized companies.

  • Watch: Metal stocks to be in focus today Sep 23, 2015 09:45 AM IST

    Watch: Metal stocks to be in focus today

    Stocks that are in Limelight: Bharat Heavy Electricals, Vedanta Resources, Glencore, Anglo American, KAZ Mineral, BHP Billiton, Rio Tinto, United Spirits, Larsen and Toubro, Visa Steel, Sterlite Technologies, Concord Drugs, Tide Water Oil, Maruti Suzuki India, Motherson Sumi Systems.

  • Need government support to check iron ore imports: NMDC Sep 16, 2015 10:55 AM IST

    Need government support to check iron ore imports: NMDC

    On challenges, the report said increasing regulatory pressure, uncertainty on mine allotments after passing of the MMDR Amendment Act, 2015, along with increased competition and growing threat from imports of iron ore are some of the issues that may impact the company's performance.

  • Coal prices fall to 12-yr lows on weak China, India demand Aug 19, 2015 09:26 AM IST

    Coal prices fall to 12-yr lows on weak China, India demand

    Benchmark API2 2016 coal futures last settled at USD 52.85 a tonne, a level not seen since November 2003

  • Grim China data keeps stimulus hopes alive Aug 10, 2015 03:23 PM IST

    Grim China data keeps stimulus hopes alive

    China's stock markets bucked broad cautiousness in Asian equities with major indices up between 2 and 4 percent, while European trading got off to a subdued start as mining and energy stocks pulled the pan-European FTSEurofirst 300 equity index down 0.2 percent.

  • ONGC Videsh loses bid for two oil blocks in Mexico Jul 17, 2015 07:57 PM IST

    ONGC Videsh loses bid for two oil blocks in Mexico

    ONGC Videsh Ltd, the overseas arm of state-owned explorer Oil and Natural Gas Corp (ONGC), has lost out on its bid for two oil blocks in Mexico's first licensing round in 88 years.

  • Citigroup cuts iron ore forecast to $55 as demand shrinks May 27, 2015 11:17 AM IST

    Citigroup cuts iron ore forecast to $55 as demand shrinks

    IRONORE-CITIGROUP-FORECAST:Citigroup cuts long-term iron ore forecast to $55 as demand shrinks

  • Oil back below $50 as OPEC hopes fade Feb 25, 2015 10:04 AM IST

    Oil back below $50 as OPEC hopes fade

    The Oil cartel is not due to meet until June this year but a report by the Financial Times - with comments by Diezani Alison-Madueke, the Nigerian oil minister - suggested that an emergency meeting was due in the near term.

  • Mining giant BHP Billiton H1 net profit almost halves Feb 24, 2015 10:33 AM IST

    Mining giant BHP Billiton H1 net profit almost halves

    The world's biggest miner has been hard hit by falling prices for its two main commodities, iron ore and oil, with a 23 percent reduction in capital and exploration expenditure helping offset some of the damage.

  • Rio Tinto defies commodity rout with big payout Feb 12, 2015 04:00 PM IST

    Rio Tinto defies commodity rout with big payout

    Walsh and Chief Financial Officer Chris Lynch did not make any promises about further buybacks a year from now, but said the company should have enough flexibility to consider one.

  • As India opens up coal sector, global cos cool on investing Feb 03, 2015 08:58 AM IST

    As India opens up coal sector, global cos cool on investing

    Indian conglomerates such as the Adani Group and GVK are expected to bid for coal blocks, but foreign firms will be harder to attract after previously facing obstacles to investing.

  • Why iron ore won't rebound any time soon Jan 27, 2015 02:21 PM IST

    Why iron ore won't rebound any time soon

    "The combination of a further increase in global iron ore supply this year and only subdued demand growth suggests iron ore prices will continue to drift lower," said Caroline Bain, an analyst at Capital Economics, in a note Monday.

  • Cairn & HZL merger into Sesa: Is this the right time? Jan 12, 2015 04:28 PM IST

    Cairn & HZL merger into Sesa: Is this the right time?

    Reports say that mining baron Anil Agarwal is mulling merging Cairn and Hindustan Zinc into his flagship Vedanta Group firm Sesa Sterlite to create a global natural resources giant to rival Rio Tinto or BHP Billiton.

  • Exploring merger of Cairn, HZL into Sesa: Tom Albanese Jan 12, 2015 04:14 PM IST

    Exploring merger of Cairn, HZL into Sesa: Tom Albanese

    Although uncertainty looms in coal sector post deallocations, Tom Albanese, CEO, Sesa Sterlite is encouraged by government's prompt moves on coal block auctions and sees opportunities for demand growth in India, as global oil environment has been incredibly dynamic lately.

  • BHP Billiton annual net profit up 23.2% to $13.83bn Aug 19, 2014 04:28 PM IST

    BHP Billiton annual net profit up 23.2% to $13.83bn

    BHP Billiton on Tuesday said it will create a new independent company by spinning off some of its aluminium, coal, manganese, nickel and silver assets.

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