- AFP•3 days ago
Workers at the world's largest copper mine, BHP Billiton's Escondida in Chile, ended a lengthy strike Thursday that had caused turbulence on global markets. With no breakthrough in sight in the testy negotiations, the miners' union decided to invoke an article of Chilean labor law that allows them to keep their old contract for another 18 months, union lawyer Marco Lopez told AFP. "We know it's not good for anybody, and would be a complicated situation," the mine's president, Marcelo Castillo, said just before workers made the announcement.
- AFP•last month
Two of the world's top mining firms returned to profit with a bang on recovering iron ore and coal prices, higher output, cost cutting and asset sales, results showed Tuesday. BHP Billiton, the world's biggest miner, posted net profit of US$3.2 billion (3.0 billion euros) for the second half of 2016, a sharp contrast with the post-tax loss of $5.7 billion posted in the same period in 2015. At the same time, Anglo American said its full-year net profit came in at $1.6 billion in 2016 compared with a loss after tax of $5.62 billion during 2015.
- AFP•last month
Mining giant BHP Billiton reported Tuesday a dramatic rebound in half-yearly profits on the back of surging coal and iron ore prices and improved productivity. "This is a strong result that follows several years of a considered and deliberate approach to improve productivity and redesign our portfolio and operating model," chief executive Andrew Mackenzie said. The latest results show a 157 percent increase in underlying profit from a year ago and a 65 percent year-on-year jump in earnings before tax, marking a significant turnaround in the company's fortunes.
BLT.L: Summary for BHP BILLITON PLC ORD $0.50 - Yahoo Finance
BHP Billiton plc (BLT.L)
LSE - LSE Delayed price. Currency in GBp
Add to watchlist
|Bid||1,231.00 x 126000|
|Ask||1,396.00 x 50000|
|Day's range||1,241.90 - 1,266.00|
|52-week range||714.70 - 1,518.50|
|PE ratio (TTM)||26.72|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|