Mining & Resources

BHP turns 130!

“From humble beginnings in Broken Hill, New South Wales, to the global mining powerhouse it is today, BHP Billiton’s empire is one of the world’s largest and most iconic.” More details

Rio Tinto’s sale of Australian coal assets has drawn interest from New Hope Corporation, potentially pitting it against Glencore and former Xstrata head Mick Davis, people familiar with the matter said. Full Article

Adani’s Australia mining story a test case for others

“On 11 August, forward steam coal from Richards Bay, South Africa, on a free-on-board basis, was quoted at $54.60 a tonne, down 28% from a year ago, Bloombergdata show. However, in Australia, there could be further attempts at putting the coal projects back on track as the jobs that these mines will create in construction and operations could justify a renewed attempt to get it through, Bristow said. So, it maybe it is too early to write off the mega projects just yet.” Full article

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