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BHP Billiton business headlines and reports


BHP beats iron ore, petroleum expectations
Wed, 18 Jul 2018 22:13:00 GMT
BHP Billiton produced more iron ore than analysts had expected over the past 12 months, but revealed it would book a $US440 million charge related to the Samarco dam disaster. The company also confirm...
https://www.afr.com/business/mining/bhp-beats-iron-ore-petroleum-expectations-20180717-h12ta0&c=6004235440975736335&mkt=en-gb


Vale says to make new $390 million provision for Samarco disaster
Wed, 18 Jul 2018 10:33:00 GMT
BRASILIA Reuters - Brazilian iron-ore miner Vale SA will make an additional 1.5 billion reais ($390 million) provision in its second quarter results to cover obligations due to the Samarco dam failu...
https://www.reuters.com/article/us-vale-sa-provision/vale-says-to-make-new-390-million-provision-for-samarco-disaster-idUSKBN1K72SR&c=1680854288258634070&mkt=en-gb


BHP posts record iron output, and takes $650m hit from Samarco ...
Wed, 18 Jul 2018 05:03:00 GMT
It also reported record levels of iron ore output and a $650m hit from the fatal Samarco dam collapse in Brazil. The worlds largest miner is seeking to exit the onshore US shale oil and gas business, ...
https://www.businesslive.co.za/bd/companies/mining/2018-07-18-bhp-posts-record-iron-output-and-takes-650m-hit-from-samarco-dam-disaster/&c=9303072478706382432&mkt=en-gb


BHP hits record iron ore output, flags Samarco charge
Wed, 18 Jul 2018 05:02:00 GMT
BHP said Wednesday it was on track to sell its US shale assets as the world's largest miner reported record levels of iron ore output and a US$650 million hit from the fatal Samarco dam collapse in Br...
http://www.france24.com/en/20180718-bhp-hits-record-iron-ore-output-flags-samarco-charge&c=14192135859051344610&mkt=en-gb


BHP revs iron ore engine as pricing tailwinds blow
Tue, 17 Jul 2018 19:43:00 GMT
Iron ore was the only commodity in red ... BHP will take another exceptional charge of $US440 million against its 2018 profits in relation to the Samarco dam failure at its Brazilian joint venture. Th...
https://www.afr.com/brand/chanticleer/bhp-revs-iron-ore-engine-as-pricing-tailwinds-blow-20180717-h12te1&c=2545868276956428906&mkt=en-gb


Rio, Vale output soars as big miners grow share
Tue, 17 Jul 2018 07:31:00 GMT
The world's biggest iron ore miner has flagged plans to grow production by 18 ... The Indian state of Goa is out of the trade, Samarco is out, Anglo American's Minas Rio in Brazil is also out, Chinese ...
https://www.afr.com/business/mining/rio-vale-output-soars-as-big-miners-grow-share-20180717-h12sed&c=15528987358097002561&mkt=en-gb


2018 Steel Success Strategies: Reversing the metallics crisis
Mon, 02 Jul 2018 10:38:00 GMT
Iron ore fines pricing will be driven lower by decreased blast ... Global pellet premiums increased sharply in 2017-2018, Poveromo said, citing the ongoing Samarco shutdown, increased steel production ...
http://www.recyclingtoday.com/article/2018-steel-success-strategies-raw-materials/&c=10786173546086415788&mkt=en-gb


CommSec Daily Report Friday
Fri, 29 Jun 2018 08:23:00 GMT
BHP Billiton (BHP) will provide up to US$211 million in financial support for its Brazilian iron-ore joint venture, Samarco and the Renova Foundation, a vehicle setup after 2015 tailings dam disaster. ...
http://www.thebull.com.au/articles/a/75349-commsec-daily-report-friday.html&c=9622178692693238214&mkt=en-gb


Brazils Vale to pay 557.7 million reais for Samarco damage
Fri, 29 Jun 2018 06:49:00 GMT
Still looming over Samarco and its parents is a separate lawsuit, worth 155 billion reais (RM161.7 billion). BHP said on Monday that the settlement set a two-year timeline to reach a settlement over t...
http://www.freemalaysiatoday.com/category/business/2018/06/29/brazils-vale-to-pay-557-7-million-reais-for-samarco-damage/&c=16679745442490201721&mkt=en-gb


BHP Agrees US$211 Million Support to Samarco, Brazil Cleanup ...
Thu, 28 Jun 2018 20:09:00 GMT
SYDNEY--BHP Billiton Ltd. (BHP.AU) said it will offer up to US$211 million in financial support for its Brazilian iron-ore joint venture, Samarco Mineracao SA, and the Renova Foundation, an institute ...
https://ih.advfn.com/p.php%3fpid%3dnmona%26article%3d77768313&c=8260743307106873485&mkt=en-gb


BHP to pay $US211m for Samarco restoration
Thu, 28 Jun 2018 19:41:00 GMT
In November 2015, a tailings dam breach from Samarcos iron ore mine in Mariana, Brazil, caused 19 deaths, destruction of local communities and widespread environmental damage. The Renova Foundation will undergo management restructuring, in light of ...
https://www.australianmining.com.au/news/bhp-pay-us211m-samarco-restoration/&c=5061703029634623491&mkt=en-gb


BHP deal stalls $55b Samarco claim
Tue, 26 Jun 2018 17:42:00 GMT
The Samarco tailings dam disaster led to the deaths of 19 people ... This final settlement shuts down $7.1 billion worth of federal and state compensation claims against the iron ore mine's operator and its two owners. It also establishes a framework ...
https://www.afr.com/business/mining/iron-ore/bhp-deal-stalls-55b-samarco-claim-20180626-h11vbv&c=3438692999262389528&mkt=en-gb


Samarco reaches settlement with Brazilian authorities over dam ...
Tue, 26 Jun 2018 13:38:00 GMT
Brazilian iron ore pellet producer Samarco has reached a final agreement with Brazilian authorities and its shareholders - Vale and BHP - to settle legal action that resulted from a tailings dam disaster in 2015. The agreement was signed by Samarco ...
https://www.metalbulletin.com/Article/3816138/Raw-materials/Samarco-reaches-settlement-with-Brazilian-authorities-over-dam-collapse.html&c=243271049771300390&mkt=en-gb


BHP wins Samarco peace deal with prosecutors
Tue, 26 Jun 2018 09:47:00 GMT
BHP has reached a peace deal with Brazilian prosecutors that opens the way to end more than $60 billion of legal claims over the 2015 dam disaster at its Samarco operations in Brazil. BHP and Brazilian iron ore giant Vale, which co-own the Samarco iron ...
https://www.afr.com/business/mining/bhp-wins-samarco-peace-deal-with-prosecutors-20180626-h11vpt&c=8387149906119659414&mkt=en-gb


BHP Billiton strikes deal over Samarco mining disaster in Brazil
Tue, 26 Jun 2018 09:37:00 GMT
BHP Billiton has reached a deal with prosecutors in Brazil that will put a two-year pause on compensation claims arising from the Samarco mining disaster of ... fine and could pave the way for the iron ore mines eventual restart. Under the deal the ...
https://www.telegraph.co.uk/business/2018/06/26/bhp-billiton-strikes-deal-samarco-mining-disaster-brazil/&c=15101332832410526034&mkt=en-gb


Number of news reports: 15




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