BHP in Brazil dam disaster deal
A deal signed by the owners of a BHP joint venture could allow them to pay far less than originally sought by Brazil.
A deal signed by the owners of a BHP joint venture could allow them to pay far less than originally sought by Brazil.
BHP and Rio have weathered the commodity storm better than their global rivals, but they need to keep their focus on costs.
BHP has still not owned up to the fact that mismanagement contributed significantly to the slump in its share price.
Standard and Poor’s has removed BHP from credit watch after the miner ended its progressive dividend policy.
South32, with essentially no net debt, is in a stronger position to pursue acquisitions than almost any other player in its sector.
South32 will cut around 17pc of its workforce as impairments drag the BHP spin-off to a first-half loss.
Brazilian police will seek arrest warrants for six Samarco employees over the dam that collapsed last November.
And don’t forget to keep an eye on the slowly encroaching right wing tyranny.
Brazilian police will seek murder charges against six executives of BHP-Vale joint venture Samarco over a dam disaster.
The first financial impacts of last November’s deadly tailings dam collapse is showing in BHP accounts.
A Brazil judge has blocked $175m of assets of BHP-Vale joint venture Samarco to guarantee repairs from a dam disaster.
BHP altering its dividend policy is a reminder of the importance of reinvesting profits and ignoring dividend-hungry institutions.
BHP has scrapped its long-held progressive dividend policy after “one of the most difficult” years in the miner’s history.
Industrial laws threaten to undermine BHP operations during its ‘toughest market conditions’ in a decade.
Just as worms turn, they turn again and there are signs the iron ore market is recovering.
BHP Billiton spin-off South32 will slash jobs and has flagged a string of writedowns as part of a major restructuring.
S&P’s downgrade of BHP’s debt rating is a warning to the miner and big banks that the dividend game has changed.
BHP has defended its financial position after its credit rating was lowered by Standard and Poor’s.
The cost of rehabilitating the toxic land and ponds of Clive Palmer’s nickel refinery has been estimated at $1.4bn.
BHP chief Andrew Mackenzie’s pilgrimage to Broken Hill has broken a three-decade company absence.
Ben Cleary of Tribeca Investments says things “don’t bode well for any of the bulk industries”.
When Mike Henry moved to Brisbane to head BHP’s coking coal business in 2015, most thought prices were bottoming.
BHP has thrown close to $US40bn at a new endeavour that is still not turning a dollar.
Samarco has started to pay compensation to victims of the November 5 disaster at its iron ore operation in Brazil.
Mining giant pledges to release publicly the findings of a US law firm hired to determine the cause of last month’s catastrophic dam burst at a mine in Brazil
BHP Billiton’s problems in Brazil are set to deepen after a court froze the miner’s Brazilian assets.
Moody’s has told BHP Billiton to look at cutting dividends if it wants to keep its prized A1 debt rating.
The nickel refinery owned by Clive Palmer since 2009 has operated on borrowed time. It is a financial basket-case.
Brazil’s dam disaster could cost $10bn and BHP is the only one of three firms involved able to cover that amount.
Brazil will sue BHP and joint venture partner Vale for “at least” $7.2 billion over the tailings dam disaster.
Original URL: https://www.theaustralian.com.au/topics/bhp-group-limited/page/47