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January 30, 2013
06:13 EDTGLNCY, AAUKY, BHP, RIO, XSRAY, VALEMining, steel firms face $50B in write downs for takeovers, Bloomberg reports
Major mining and steel companies worldwide have wiped about $50B off project valuations in the past year and that's expected to continue this earnings season as managers review expensive takeovers, reports Bloomberg Anglo American (AAUKY), Vale (VALE) and Rio Tinto (RIO) led the write downs. Glencore International (GLNCY) may write down some nickel and copper assets acquired through its takeover of Xstrata (XSRAY), Liberum Capital has said. BHP Billiton (BHP) may reduce aluminum operation valuations, according to Goldman Sachs Group and Sanford C. Bernstein. Reference Link
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April 15, 2014
18:57 EDTBHPBHP Billiton reports Q3 total petroleum production up 10%
BHP Billiton reported total petroleum production for Q3 was up 10% over the prior year, with production for the nine months ended March 31 totaling 181.3 MMBoe. The company also lowered its FY14 production guidance to 245 MMboe, citing lower gas and natural gas liquids production in the Hawkville area of the Eagle Ford. BHP reported Q3 copper production fell 5%, with total copper production increasing 2% to 1.3 Mt for the nine months ended March 31. BHP reiterated its copper production guidance for FY14 of 1.7 Mt. BHP also reported Q3 iron ore production increased 23%, with production for the nine months ended March 31 growing 21% to 147,387 kt. BHP expects FY14 iron ore production to total 197 Mt.
11:44 EDTBHPPotash Corp. advances after report says BHP could make new bid
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09:16 EDTBHPOn The Fly: Pre-market Movers
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07:46 EDTBHPPotash Corp. speculated to be targeted again by BHP Billiton, Globe & Mail says
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April 14, 2014
18:32 EDTRIORio Tinto reports Q1 iron ore production up 8% to 66.4M tons
Rio Tinto reported Q1 production results, reporting global iron ore production of 66.4M tons, up 8% from the prior year period, with shipments of 66.7M tons. The company maintained its 2014 iron ore production guidance of 295M tons. Rio's mined copper production totaled 156.5K tons, up 17% against the prior year period, and the company maintained its mined copper expectations for 2014 at 570K tons.
April 13, 2014
16:12 EDTAAUKYAnglo American pursues compensation from Venezueala, Reuters says
Anglo American is pursuing compensation from Venezuela over the 2012 cancellation of mining concessions by late president Hugo Chavez's government, says Reuters. Reference Link
April 10, 2014
07:26 EDTVALECommittee recommends Vale be stripped of Simandou license, WSJ says
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April 9, 2014
09:33 EDTBHP, RIOBofA/Merrill's industrial/mining analysts hold analyst/industry conference call
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April 7, 2014
06:11 EDTRIORio Tinto fails to overturn court decision block Warkworth expansion, WSJ says
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April 4, 2014
06:08 EDTVALEVale implied volatility of 28 at lower end of index mean range
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April 3, 2014
06:32 EDTVALEVale temporarily suspends coal transporting from mines in Mozambique, WSJ says
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April 2, 2014
13:32 EDTVALERebels blamed for attack on Vale coal train, eNCA reports
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12:20 EDTBHPCoal stocks higher after BHP executive signals confidence
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07:30 EDTRIOShell looks to Chinese suppliers to lower shale costs, FT says
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06:14 EDTBHPBHP Billiton executive suggests confidence in coal business, WSJ reports
Dean Dalla Valle, the head of BHP Billiton's coal business, has signaled he is confident in the outlook for the global coal industry, the Wall Street Journal reports. The executive says he sees demand for decades to come in both energy coal and metallurgical coal, with most of the demand growth coming from outside China. The Wall Street Journal recently reported that BHP may look to pursue asset sales to focus on commodities. Reference Link

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