New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 28, 2013
20:02 EDTBHPCapstone Mining to purchase BHP's Pinto Valley copper mine
Capstone Mining announced that it has entered into a definitive agreement with BHP Copper, a subsidiary of BHP Billiton, to purchase BHP Billiton's wholly-owned Pinto Valley copper mining operation and the associated San Manuel Arizona Railroad Company, SMARRCO, in Arizona, USA for $650M. The purchase agreement includes typical closing conditions, including regulatory approvals. Closing of the transaction is expected to occur in Q313.
News For BHP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 25, 2015
13:05 EDTBHPBHP Billiton downgraded to Underweight from Neutral at JPMorgan
November 19, 2015
06:40 EDTBHPBHP Billiton backs dividend policy amid profit slump, CNBC reports
BHP Billiton (BHP) defended its dividend policy amid a drop in share prices and profits slump this year as well as weak China growth and a recent mine disaster in Brazil, CNBC reports. BHP chairman Jacques Nasser said at the company's annual meeting that the dividend policy is the result of "appropriate capital management," the report says. In addition, the company said it and joint venture partner Vale (VALE) will be commissioning an external probe of the Samarco dam spill, the report says. Reference Link
November 17, 2015
10:00 EDTBHPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Airgas (ARG) downgraded on valuation at KeyBanc... BHP Billiton (BHP) downgraded to Neutral from Buy at Clarksons Platou... Chesapeake (CHK) downgraded to Neutral from Buy at Sterne Agee CRT... ChipMOS (IMOS) downgraded to Equal Weight from Overweight at Morgan Stanley... Clovis (CLVS) downgraded to Neutral from Conviction Buy at Goldman... Cooper Companies (COO) downgraded to Market Perform from Outperform at Wells Fargo... Five Below (FIVE) downgraded to Neutral from Buy at Sterne Agee CRT... Grainger (GWW) downgraded to Underweight from Neutral at Atlantic Equities... Hess Corp. (HES) downgraded to Perform from Outperform at Oppenheimer... J Sainsbury (JSAIY) downgraded to Neutral from Buy at Citi... Kindred Biosciences (KIN) downgraded to Market Perform from Outperform at BMO Capital... Leju (LEJU) downgraded to Neutral from Buy at BofA/Merrill... Lombard Medical (EVAR) downgraded to Equal Weight from Overweight at Barclays... Osiris (OSIR) downgraded to Sell from Hold at Brean Capital... Polaris Industries (PII) downgraded on anemic ORV growth at Wedbush... SQM (SQM) downgraded to Hold from Buy at HSBC... Southwestern Energy (SWN) downgraded to Underperform from Neutral at Sterne Agee CRT... Starwood (HOT) downgraded to Outperform from Buy at CLSA... Urban Outfitters (URBN) downgraded to Hold from Buy at Cantor... WM Morrison (MRWSY) downgraded to Sell from Neutral at Citi... adidas (ADDDY) downgraded to Sector Perform from Outperform at RBC Capital... athenahealth (ATHN) downgraded to Underweight from Equal Weight at Barclays.
09:15 EDTBHPBHP Billiton downgraded to Neutral from Buy at Clarksons Platou
Subscribe for More Information
06:17 EDTBHPBHP Billiton reviewing all dams worldwide, U.K. Times reports
BHP Billiton (BHP) CEO Andrew Mackenzie told analysts and investors at the company's annual general meeting that the company is reviewing all of its dams worldwide after the Samarco mudslide in Brazil killed at least nine people, The U.K. Times reports. Mackenzie also said BHP is considering moving away from the arrangement under which mines that it partly owns are managed by committee rather than by a single operator; the Samarco mine is half run by BHP, with the remainder owned by Vale (VALE). Reference Link
November 16, 2015
18:50 EDTBHPSamarco to set aside $262M for initial costs after Brazil dam breach, WSJ says
Samarco, a joint venture of Vale (VALE) and BHP Billiton (BHP), reached an agreement with Brazilian prosecutors to establish an initial $262M cleanup fund related to two dam breaches at its iron-ore mines in Minas Gerais state, reports the Wall Street Journal. Reference Link
13:26 EDTBHPVale: It will take 'years' for Rio Doce river to recover, Reuters reports
Subscribe for More Information
06:01 EDTBHPBHP Billiton to face questions about Samarco at annual meeting, WSJ reports
Subscribe for More Information
November 12, 2015
06:30 EDTBHPBHP Billiton lodges complaint regarding royalty reassessments
BHP Billiton has lodged an application with the Supreme Court of Queensland pertaining to disputed royalty reassessments issued by the Queensland Office of State Revenue to the Company in relation to its share of BHP Billiton Mitsubishi Alliance coal. The reassessments total A$186 million in royalties and A$102 million in interest. They relate to the period of 1 July 2005 through 31 December 2012, during which time BHP Billiton paid approximately A$2.4 billion in royalties to the Queensland Government for its share in the BMA joint venture. The Company confirmed the dispute primarily relates to the proper basis for calculating the value of coal for royalty purposes under Queensland law. BHP Billiton calculates its royalties based on the product's first sale, which is to BHP Billiton Marketing AG based in Singapore, the Company's principal marketing entity; while the OSR contends that royalties should be calculated by reference to the price at which BMAG sells to its customers.
06:28 EDTBHPBHP, Billiton Vale set up Brazil emergency fund after Samarco disaster
BHP Billiton (BHP) CEO Andrew Mackenzie says, "At BHP Billiton, we have been overcome with sadness and our concern for your community. Like Vale (VALE), we are all working very closely with Samarco to provide our full support to the response efforts. Right now, of course, our focus is on safety, rescue, as Ricardo described, and the immediate humanitarian support that is necessary. Let me be very clear: we are 100% committed to do everything we can do to support Samarco and make this right. We have already provided health, safety, environment and geotechnical experts to Samarco and we are working with them to identify further resources that they are going to need in their response effort. As Ricardo said, as an immediate step, together with Vale, we pledge to support Samarco and to create an assistance fund for rebuilding works and to quickly help affected families and communities."

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use