BHP Billiton wins 3.2 billion dollar iron ore deal with Chinese ...
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SYDNEY : BHP Billiton said it had struck a 3.2 billion US dollar deal to supply four Chinese steel companies with iron ore over the next decade.
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The battle over Rio Tinto intensified after BHP Billiton increased its takeover offer to about $147 billion after a Chinese rival bought a stake last week.
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LONDON (CBS.MW) -- Anglo-Aussie miner BHP Billiton (BHP) (UK:BLT) climbed 2.8 percent to lead FTSE 100 components after it increased its share buyback to A$2.27 billion (US$1.78 billion) from the A$1 billion to A$1.5 billion it had predicted it would buy
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Anglo-Australian mining giant BHP Billiton said it was forming a joint venture with Japanese steelmaker JFE steel that will underpin iron ore sales worth 3.7 billion US dollars over the next 11 years.
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BHP Billiton, the world&#39;s biggest miner, will buy back as much as A$1.5 billion ($1.6 billion) of its Australian stock as part of a plan to return profit from soaring commodity prices to investors.
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&quot;It is extremely pleasing to see that additional benefits have already started flowing to both BHP Billiton and its Chinese partners as a result of the Wheelarra joint venture,&quot; BHP Billiton Iron Ore president Graeme Hunt said in a statement.
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BHP Billiton, the world's largest miner has posted a record annual net profit of 10.45 billion US dollars and delivered an upbeat outlook amid unprecedented global demand for commodities.
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Anglo-Australian mining giant BHP Billiton was forming a joint venture with Japanese steel maker JFE that would underpin iron ore sales worth $3.
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The move came after Chinese officials expressed concern over BHP Billitonâs plans to link up with Rio Tinto in a merger that would give the combined company a dominant position in iron ore.
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China signed a deal here Monday to loan the mineral-rich Democratic Republic of Congo five billion dollars (3.6 billion euros) to build up infrastructure and develop its mining industry.
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Anglo-Australian mining giant BHP Billiton on Wednesday announced Australia&#39;s biggest ever annual net profit, US$3.51 billion (euros 2.84 billion), thanks to soaring demand.
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MELBOURNE - BHP Billiton Ltd./Plc. (BHP.AX: Quote, Profile, Research) (BLT.L: Quote, Profile, Research) , the world&#39;s biggest miner, has approved a $990 million copper project in northern Chile and a $575
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China has muscled in on miner  BHP Billiton's  attempts to buy rival Rio Tinto ,  with its biggest aluminum producer teaming up with U.S. group  Alcoa  to buy a 12 percent stake in Rio.
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Westinghouse, the nuclear-plant builder sold by BNFL, wins a billion-dollar contract to build reactors in China.
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Business & money: BHP raises shares offer to Â£70bn mega deal, but China and Australia may fight potential monopoly
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China's biggest coal miner Shenhua Energy plans to raise $6.3bn through a listing on the Shanghai Stock Exchange.
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BHP Billiton Limited (BHP) today announced it has agreed to sell its interests in the Laminaria and Corallina oil fields to Paladin Oil &amp; Gas (Australia) Pty Limited, a fully owned subsidiary of Paladin Resources plc, an independent oil and gas company