By Eric OnstadLONDON (Reuters UK) - Miner BHP Billiton BLT may have to pay more for a $55 billion (31 billion pound) loan as the credit crisis deepens, but this is unlikely to force it to abandon its $95 billion all-share takeover bid for rival Rio Tinto RIO.Questions were raised...
MELBOURNE AFP — Anglo-Australian mining giant Rio Tinto said Thursday the turmoil in the global financial markets would not alter its rejection of a hostile takeover bid by rival BHP Billiton. Speaking a day after Australia's competition watchdog said it would not oppose the 120 billion US dollar...
HOUSTON, Sept. 30 /PRNewswire-FirstCall/ -- Endeavour International Corporation today announced that Carl D. Grenz has joined the company as executive vice president of operations. "With the increasing number of new business development and venture opportunities, a larger production base and expanding drilling and development activities,...
SYDNEY AFP — Australia's competition watchdog said Wednesday it will not oppose BHP Billiton's proposed takeover of rival Rio Tinto, saying the deal would be unlikely to substantially lessen competition. The Australian Competition and Consumer Commission ACCC said the bid to merge the mining giants would create a...
HOUSTON -- BHP Billiton Petroleum (NYSE:BHP) (NYSE:BBL) announced today that it has acquired exploration rights to an onshore block of approximately 7,750,000 acres in the Llanos Basin, Colombia. The Company signed a Technical Evaluation Agreement with the Agencia Nacional de Hidrocarburos ANH to explore block CPE-5. "We are...
HOUSTON -- BHP Billiton Petroleum announced today that oil production has been safely restored at its Neptune and Shenzi/Genghis Khan fields in the deepwater Gulf of Mexico after Hurricane Ike caused the company to shut in production on both fields. Production is ramping up as the export pipelines are able...
SYDNEY AFP — Asian economic growth will slow at some point but demand for raw materials from countries such as China is expected to continue, the chairman of the world's largest mining company said Wednesday. BHP Billiton's Don Argus said commodity markets would be volatile in the short-term...
In Teaching Science 53.4 we published an article 'BHP Billiton Science Teachers Awards: Science in the New Mexican Sun', a teacher's account of the Intel Science and Engineering Fair ISEF in New Mexico. The two students referred to, Ben Hughes and Robbi Bishop-Taylor, were at ISEF with the financial support...
'The quality of some of the projects shows what students are capable of when given encouragement and opportunity to think beyond the classroom.'--Dorothy Dhaeze, BHP Billiton Science Awards coordinator. Discover a budding Einstein through an open-ended scientific research project, or win a trip to the USA--just two of...
WORLD MARKETS Shares turned negative in the final few minutes of trade despite a rebound in gold prices. The Top-40 blue-chip index was down 0.93 per cent, to 21,953.34 points. Sub-Saharan Africa's biggest mobile phone operator, MTN, was the biggest loser, shedding 9.23 per cent to...
Allana Resources Inc. (TSX VENTURE: AAA) ("Allana"), is pleased to announce the acquisition of three mineral concessions in Ethiopia's northeastern Danakil Depression totaling approximately 150 square kilometers. The project area is approximately 100 km from the Red Sea coast and 600 km via good roads from the deep water port...
CHICAGO -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Anheuser-Busch Cos, Inc. (NYSE: BUD), BHP Billiton, Ltd. (NYSE: BHP), Rio...
HOUSTON -- BHP Billiton announced today it is making a $500,000 donation to support disaster relief efforts in the communities affected by Hurricane Ike. The funds will be directed to the Greater Houston Area Chapter American Red Cross and the United Way of Greater Houston's Hurricane Recovery Fund. ...
BHP Billiton and ExxonMobil Australia subsidiary, Esso Australia Resources Pry Ltd., have approved an expenditure of US$1.1 billion for the full field development of the Turrum oil and gas field, a significant hydrocarbon resource in the Gippsland Basin, offshore Victoria. The Turrum development will produce natural gas and liquids through...
Metals: Despite high prices and strong demand for many metals and minerals, mining companies are finding it harder to make new projects profitable. As a result, companies are delaying projects or closing mines. BHP Billiton, Perilya and Teck Cominco have all announced closures or plans to limit output of some...
Researched by Industrial Info Resources(Sugar Land, Texas) -- In a bid to counter the adverse effects of soaringiron ore prices and secure a stable supply of raw material, Japanese steelmajors are teaming up to jointly acquire overseas iron ore mining rightsand share the purchase costs among themselves. The consortium...
Researched by Industrial Info Resources(Sugar Land, Texas) -- International miner Rio Tinto (NYSE:RTP) Londonposted record earnings for the first half of 2008. The company's netearnings for the period were $6.91 billion, up a significant 113% from$3.25 billion posted for the same period last year. For the past severalmonths,...
Strong commodity prices are helping Rio Tinto, the world's second largest mining company, to beat all its records - and it is still saying no to rival and suitor BHP Billiton. Rio Tinto's net earnings for the half-year to June ballooned by 113 per cent to $6.91bn...
Outlook The Olympics may have captivated all but the most sports-phobic among us, but Rio Tinto's directors can be forgiven for a sigh of relief that the Games are over. To satisfy the pollution commitments made to Olympics organisers, China had to put the brakes on...
SYDNEY AFP — Mining giant Rio Tinto said Tuesday it had more than doubled first-half net profit to a record 6.91 billion US dollars as it continues to fend off a hostile takeover bid by rival BHP Billiton. Rio, the world's third largest miner, said that underlying earnings...
Articles 2008-08-26
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