Wednesday, December 03rd, 2008

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Posts Tagged ‘ Bhp Billiton ’

BHP Abandons Hostile Bid for Rio

Nov 26th, 2008 | By Mike Caggeso | Category: Financial News

With commodity prices falling and the global economic outlook uncertain, Melbourne-based mining titan BHP Billiton (BHP) pulled the plug on its hostile takeover of rival Rio Tinto PLC (RTP), saying the proposed deal is of no longer in the best interest of shareholders.



BHP Billiton (BHP): Painting a Happy Face on Iron Ore

Aug 26th, 2008 | By Irwin Greenstein | Category: Featured, Financial News, Politics & Economics

So you’re watching the Olympic Games and the usual suspects appear as advertisers… There’s Visa, Coca-Cola, McDonald’s…and BHP Billiton (NYSE ADR:BHP)? Who are those guys, anyway?

It does seem unusual for one of the biggest mining companies to sponsor the Beijing Games.

But as it turns out, this massive marketing campaign wasn’t targeted at Joe Sixpack watching the Olympics.

It was payback to Beijing, says Irwin Greenstein, writing for Contrarian Profits.



Strong Dollar Hits Most Base Metals - But Nickel Rallies on Smelter Closure

Jun 13th, 2008 | By Doug Casey | Category: Gold Market

The base metals were mostly in the red on Thursday. Copper declined from the pre-dawn hours through to mid-morning, then rallied to finish at $3.6157/lb., down just more than 2 1/3 cents. Nickel prolonged its recent resurgence, rising steadily to push back over the $11 mark, closing at $11.0873/lb., up 61 cents.



New Iron Ore Discovery to Save China’s Multibillion Pound Building Spree

Jun 12th, 2008 | By Garry White | Category: Emerging Markets

One clever mining company owns the lot… and it’s positioned next door to its biggest customer. Broker Cannacord Adams says this firm’s shares should be DOUBLE what they trade for today. But that’s not the half of it! China is DESPERATE for concrete and steel.



Base Metals Mostly Higher

Jun 7th, 2008 | By Doug Casey | Category: Gold Market

The base metals were mostly higher on Friday. Copper rose during the pre-dawn hours, peaking at $3.73 near the New York open, then slid for most of the rest of the day, finishing at $3.6965/lb., up 9 cents.



Rio Investors Should Continue Waiting in the Hall

Jun 2nd, 2008 | By Isabel Turner | Category: International Investing

Anyone, like us, who has suffered the interminable “wait in the hall” hiatus for which Heathrow is so notorious, should just regard it as training for sitting out mining’s major bid.



Base Metals Beaten Senseless - Rising Stockpiles Blamed

May 30th, 2008 | By Doug Casey | Category: Gold Market

The base metals endured a serious bloodbath on Thursday. Copper fell off a cliff at the open of the New York session and never recovered, finishing at its intraday low of $3.6416/lb., down 10½ cents.



Nickel Finally has an Up Day - But Production will Increase as Ravensthorpe Comes on Line

May 24th, 2008 | By Doug Casey | Category: Gold Market

The base metals were mostly in the black on Friday. Copper bottomed out at $3.72 in the pre-dawn hours, but rallied straight through from there to finish at its intraday high of $3.8099/lb., up 6 cents.



Base Metals Tank Again

May 23rd, 2008 | By Doug Casey | Category: Gold Market

The base metals took a severe beating on Thursday. Copper was down from the pre-dawn hours straight through the day, only coming off its lows near the noon hour and finishing at $3.497/lb., down 6 cents.



The Last Secret Left in the Mining Industry

May 15th, 2008 | By Dan Denning | Category: Gold Market

Despite what you read from the financial newsletter industry, there aren’t many secrets left in the mining sector.