BHP Billiton Ltd (BHP.AX)
|Market Cap (Mil.):||$194,572.70|
|Shares Outstanding (Mil.):||5,322.77|
REUTERS - Tom Albanese has been unveiled as the next chief executive of Vedanta Resources Plc , restored to the helm of a global mining giant more than a year after being ousted as head of Rio Tinto Plc.
SYDNEY, Feb 18 - Australian shares were steady on Tuesday morning, holding near three-month highs as solid earnings from global miner BHP Billiton eclipsed a handful of weaker results.
MELBOURNE - Australia's Great Barrier Reef watchdog is to decide by Friday whether to allow millions of cubic metres of dredged mud to be dumped near the fragile reef to create the world's biggest coal port and possibly unlock $28 billion in coal projects.
- Devon Energy Corp will buy oil-producing assets in Texas for $6 billion and plans to sell or otherwise monetize some of its natural gas-heavy holdings in response to investor criticism about its lack of exposure to more profitable crude.
(Adds background, details about GeoSouthern CEO, updates stock price)
HONG KONG - U.S. miner Freeport-McMoRan Copper & Gold Inc has agreed to pay nearly a third more in annual processing charges to China's leading copper smelters, likely increasing the pressure on rival BHP to raise its own offer on the charges.
LONDON - Global thermal coal demand will shift away from China in coming years as it switches to cleaner energy, but emerging markets in the region will step in to grab some of that flow as they continue their race to industrialize.
BOGOTA - Cerro Matoso, the world's No. 2 ferronickel producer owned by multinational BHP Billiton and located in Colombia, said it has temporarily shut its mine after two weeks of protests by indigenous groups, halting 4 percent of world output.