Feb 16, 2018 11:55 AM IST
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.
- Aug 22, 2017 08:30 AM IST
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.
- Feb 21, 2017 12:12 PM IST
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.
- Feb 19, 2017 04:32 PM IST
Metals and mining conglomerate
Vedanta will invest USD 10 billion in 3-4 years on expanding
business across verticals, company's Chairman Anil Agarwal
- Oct 07, 2016 07:59 AM IST
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.
- May 04, 2016 09:06 PM IST
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
- Mar 14, 2016 02:52 PM IST
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.
- Jan 21, 2016 11:01 AM IST
"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.
- Jan 15, 2016 11:10 AM IST
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.
- Jan 11, 2016 04:30 PM IST
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
- Oct 01, 2015 07:31 AM IST
Unlike the government's gauge that concentrates on large firms, Caixin's survey focuses on smaller and medium-sized companies.
- Sep 23, 2015 09:45 AM IST
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.
- Sep 16, 2015 10:55 AM IST
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.
- Aug 19, 2015 09:26 AM IST
Benchmark API2 2016 coal futures last settled at USD 52.85 a tonne, a level not seen since November 2003
- Aug 10, 2015 03:23 PM IST
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.
- Jul 17, 2015 07:57 PM IST
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.
- May 27, 2015 11:17 AM IST
IRONORE-CITIGROUP-FORECAST:Citigroup cuts long-term iron ore forecast to $55 as demand shrinks
- Feb 25, 2015 10:04 AM IST
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.
- Feb 24, 2015 10:33 AM IST
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.
- Feb 12, 2015 04:00 PM IST
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.
- Feb 03, 2015 08:58 AM IST
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.
- Jan 27, 2015 02:21 PM IST
"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.
- Jan 12, 2015 04:28 PM IST
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.
- Jan 12, 2015 04:14 PM IST
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.
- Aug 19, 2014 04:28 PM IST
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.