The Week Ahead: Mining boom to boost earnings at BHP Billiton
August 18, 2008
It has been boom time for the heavyweight miners, and analysts said investors should be looking forward to BHP Billiton's full-year results today. Charles Cooper at Evolution Securities is predicting a 56 per cent boost in earnings before interest and taxation in the second half over the first, as commodity prices soar and demand continues to grow from emerging markets. "While we expect BHP will deliver a healthy set of results, next year is also likely to be strong," he said, adding it was his top pick for the sector.
 |  |
BHP Billiton abandons bid for Rio Tinto
BHP Billiton Ltd., the world's biggest mining company, abandoned a hostile $68 billion takeover bid for rival Rio Tinto Ltd., blaming the global economic downturn and plunging commodity prices.
BHP Billiton executives say Rio Tinto takeover bid will go to European regulators within weeks
A BHP Billiton Ltd. executive said the world's largest miner will submit its first paperwork with European Union regulators regarding its planned takeover of rival Rio Tinto Ltd. within weeks. 
BHP Billiton's bid for Rio Tinto...
The European Union has begun a full investigation into BHP Billiton's proposed
$170billion ($£85.8billion)takeover of Rio Tinto, its rival.
BHP Billiton reports record annual...
BHP Billiton Ltd., the world's largest mining company, has reported a record annual profit and says it expects demand for commodities to remain strong.
BHP Billiton and China's Baosteel...
BHP Billiton said Friday it has reached agreement with China's Baosteel on prices for iron ore deliveries, securing increases of up to 96.5 percent after protracted negotiations.
BHP Billiton wins US approval for...
America's anti-trust regulators have given partial approval to BHP Billiton's
$38 billion ($£19.1 billion) offer for Rio Tinto but the deal is still
awaiting the opinion of...
BHP Billiton says Chinese demand...
The world’s largest mining company, BHP Billiton, unveiled a record $15.4
billion profit this morning, fuelled by high commodity prices and continued
strong demand from China.$
Shares of BHP Billiton, Rio Tinto...
Shares of BHP Billiton Ltd. and Rio Tinto Ltd. surged in Australia on Wednesday as fresh rumors swirled around the two companies linked by what could be the largest takeover...
US antitrust regulator clears BHP Billiton bid for Rio Tinto
Global mining giant BHP Billiton said Thursday that U.S. antitrust regulators had granted partial approval for its US$170 billion hostile takeover bid for rival Rio Tinto.
BHP Billiton posts record 15.4-billion-dollar profit (AFP)
AFP - The world's biggest miner BHP Billiton on Monday announced record annual net profits of 15.39 billion US dollars (10.46 billion euros), driven by soaring commodity prices and strong Asian demand.
EU widens antitrust probe into BHP...
The European Commission on Friday widened its antitrust probe into the proposed acquisition of Rio Tinto Inc. by BHP Billiton Ltd., saying an initial investigation revealed...
BHP Billiton shares surge on report...
The Australia-listed shares of BHP Billiton Ltd. rose more than 4 percent Friday to a record high of 50 Australian dollars (US$46.74; €30.21) amid further speculation about...
BHP's Rio takeover prospects start to...
Rio Tinto Group Chief Executive Officer Tom Albanese is proving to be an elusive target for BHP Billiton CEO Marius Kloppers now that the slowing economy, fading stock and...
BHP Billiton posts record year profit...
Reuters - Top miner BHP Billiton ,
bidding for rival Rio Tinto in what would be
the world's second-biggest takeover, posted a 12.4 percent rise
in full-year net profit to...
BHP Billiton reports record annual...
BHP Billiton Ltd., the world's largest mining company, has reported a record annual profit and says it expects demand for commodities to remain strong.
BHP Billiton books production records
BHP Billiton Ltd has booked full year production records for seven of the many commodities it sells, despite higher costs and supply disruptions.
BHP Billiton posts record 15.4-billion-dollar profit (AFP)
AFP - The world's biggest mining company BHP Billiton Ltd. posted a record 15.39-billion-US-dollar annual net profit Monday and said it expected Asian demand to remain strong despite a global slowdown.
BHP Billiton poised for record profit
BHP Billiton is set to deliver a record annual profit in excess of $US15 billion ($A17.26 billion), underpinned by a strong result from its petroleum division.
BHP Billiton posts record...
AFP - The world's biggest mining company BHP Billiton Ltd. posted a record 15.39-billion-US-dollar annual net profit Monday and said it expected Asian demand to remain strong...
Rio Tinto says it is comfortable with...
Mining giant Rio Tinto on Wednesday sought to allay concerns about its debt levels a day after bigger rival BHP Billiton abandoned a takeover bid for that reason, sending Rio's...
BHP Billiton ties up Canadian potash...
AFP - British-Australian mining giant BHP Billiton has agreed to buy Anglo Potash for 284 million Canadian dollars (144 million pounds).
BHP Billiton will buy Canadian potash
British-Australian mining giant BHP Billiton has agreed to buy Anglo Potash for $A300 million.
BHP Billiton ties up Canadian potash...
AFP - British-Australian mining giant BHP Billiton said Monday it had agreed to buy Anglo Potash for 284 million Canadian dollars (182 million euros, 282 million US dollars).
Nickel 'key' commodity to BHP Billiton
BHP Billiton chairman Don Argus says the Ravensthorpe nickel mine highlights that the mineral is a key part of the resource giant's commodities mix.