$200bn capex ambition of mining majors under spotlight

The great China-led economic supercycle that has been boosting global economies for a decade is falling below its expected trajectory, which is giving rise to questions supercycle slippage and demise.

BHP may delay at least two mega projects to rein in spending

BHP Billiton, the world's biggest miner, is likely to delay signing off on at least two mega projects after its chairman put the brakes on an $80-billion plan to grow the company's iron-ore, copper and energy operations, analysts say. Slumping...

World’s biggest miner pulling in its horns

The world’s biggest mining company is pulling in its investment horns. BHP Billiton chairperson Jac Nasser says that the investment climate has changed since the company spoke of spending $80-billion on project growth by 2015. “As much as...

Light turns amber for iron-ore investment – BHP Billiton

The light has turned amber for additional investment in iron-ore production, but it remains green for investment in copper, says the world’s biggest diversified mining company. A lower rate of growth is on the way in China’s demand for global...

16/03/2012 (On-The-Air)

the South African government has been going all out to ensure that platinum company Implats is being fairly treated by the government of Zimbabwe; South Africa wants to take a leaf out of Canada’s book to save its ferrochrome business from...

Ken Greve

Position: Director, Hindsight Financial & Commercial Solutions Pty Main activity of company: Mergers, sales and acquisitions, strategy, and commercial solutions for the resources industry Date and place of birth: November 24, 1960, Springs, South...

BHP taking measures to address downstream challenges

Diversified giant BHP Billiton would continue to take “deliberate measures” to address the challenges that its downstream-oriented businesses were facing, CEO Marius Kloppers said on Wednesday. In its financial results for the first six...

BHP profits slump, sees global slowdown

Global miner BHP Billiton has reported a 6% decline in attributable profit for the first half of 2012, with profit falling to $9.9-billion, from $10.5-billion in the previous corresponding period. CEO Marius Kloppers said on Wednesday that the...

Where iron-ore will find its floor, Kumba says more supply than buy

As South Africa’s largest iron-ore producer reports that there is currently more iron-ore supply than iron-ore demand, there is a strong contention that the ferrous metal is unlikely to sink below $120/t as Chinese steelmakers replenish stockpiles.

BHP Billiton CFO to retire in Feb

BHP Billiton has named Graham Kerr as its new CFO to succeed Alex Vanselow, who will step down in early 2012, the world’s largest diversified miner announced on Monday. Vanselow has been CFO since 2006, and would retire from BHP at the end of...

BHP committed to growth despite more cautious outlook

BHP Billiton, the world’s largest diversified miner, said on Thursday it was more cautious on the short-term outlook for commodity markets, but stressed that it remained committed to its $80-billion organic growth plan. Speaking at the annual...

BHP Billiton reports strong iron-ore production growth

Mining giant BHP Billiton’s iron-ore production climbed 24% to 39.57-million tons in the September quarter, with shipments from its Western Australian operations hitting a record annualised rate. The miner, which is spending billions on...