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News Breaks | | | | November 13, 2012 | | 09:24 EDT |  | HWD, BHP | Harry Winston announces agreement to purchase Ekati Diamond mine
Harry Winston (HWD) announced that it has entered into share purchase agreements with BHP Billiton (BHP) Canada and various affiliates to purchase all of BHP Billiton's diamond assets, including its controlling interest in the Ekati Diamond Mine as well as the associated diamond sorting and sales facilities in Yellowknife, Northwedt Territories and Antwerp, Belgium.The agreed purchase price, payable in cash, is $400M for the Core Zone interest and $100M for the Buffer Zone interest, subject to adjustments in accordance with the terms of the share purchase agreements. The share purchase agreements include typical closing conditions, including receipt of required regulatory and Competition Act approvals. If the Core Zone transaction is not completed because the minority joint venture parties exercise their pre-emptive rights, the company will be entitled to be paid a termination fee of $30M by BHP Billiton. Closing of the transactions is currently expected to occur before the end of March 2013. | |
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News For HWD;BHP From The Last 14 Days Check below for free stories on HWD;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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