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News Breaks | | | | February 24, 2013 | | 15:00 EDT |  | BHP | BHP sees cost cuts as antidote for slowing mineral demand, Bloomberg says
BHP Billiton (BHP) is anticipating a slowdown in demand for minerals over the next five years that makes cutting costs and boosting productivity a priority, reports Bloomberg. “I’m committed to drive an agenda of productivity and that will almost certainly” be a “top theme,” Andrew Mackenzie, The BHP CEO, said yesterday in an interview with the Australian Broadcasting Corp., according to a transcript. Reference Link | |
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News For BHP From The Last 14 Days Check below for free stories on BHP the last two weeks. |
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| June 17, 2013 | | 08:22 EDT | | BHP | Mining companies draw new regulator scrutiny, Bloomberg reports
Until now mining companies have been relatively free of political scrutiny. But world leaders, gathering in Northern Ireland for the Group of Eight summit beginning today, have mining transactions and companies in their cross hairs. They are proposing tighter oversight by requiring companies to disclose all payments made to foreign governments, reports Bloomberg.Reference Link | | | 07:13 EDT | | BHP | Vale: China slowdown helped by Brazil currency depreciation, Bloomberg reports
Brazil’s Vale (VALE) said further local currency depreciation could counter cost rises and a slowdown in Chinese iron-ore demand as it seeks to regain market share from Rio Tinto (RIO) and BHP Billiton (BHP), reports Bloomberg.Reference Link | | | 06:14 EDT | | BHP | On the Fly: Periodicals Wrap-Up
 Subscribe for More Information | | | June 14, 2013 | | 05:45 EDT | | BHP | Coal exports fall on Asian oversupply, WSJ reports
Coal exports are slowing, reports the Wall Street Journal. In a troubling sign for U.S. coal producers, shipments fell 31% in April from March driven largely by an oversupply in Asia for metallurgical coal used in steel making. As a result, U.S. producers are now at a further disadvantage to overseas competitors because weakening metallurgical-coal prices are making high-cost U.S. production less profitable for export.Reference Link | | | June 5, 2013 | | 11:43 EDT |  | BHP | BHP Billiton upgraded to Buy from Neutral at BofA/Merrill
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