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Stock Market & Financial Investment News

News Breaks
May 21, 2014
06:27 EDTBHPBHP Billiton warns on potential strike at Port Hedland
BHP Billiton President Iron Ore, Jimmy Wilson expressed growing concern over possible industrial action by members of the Maritime Union of Australia at the Port of Port Hedland. Wilson said any action by MUA members would have severe consequences for Australian exports and would damage the country’s international reputation, and its overall national interest. “Industrial action by the MUA will stop all shipments out of the Port and cost exporters like BHP Billiton, Fortescue Metals Group and Atlas Iron about A$100M a day. In addition, the State and Federal Government stand to lose tens of millions of dollars a day in royalties and corporate tax revenue,” he said. "Mining companies like BHP Billiton will not be able to make up the shipments lost during industrial action, and governments cannot recover the lost royalties and taxes. Any interruption to shipments of iron ore would have a detrimental impact on Australia’s international reputation as a stable and reliable supplier of critical resources. BHP Billiton is actively pursuing the limited options available to the company under the Fair Work Act to prevent industrial action at Australia’s largest export port." Reference Link
News For BHP From The Last 14 Days
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November 20, 2014
06:01 EDTBHPBHP Chairman Nasser says demerger 'good' for investors, Daily Telegraph reports
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November 18, 2014
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November 12, 2014
05:59 EDTBHPBHP Billiton says Nickel West to remain in portfolio as non-core asset
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