BHP Billiton PLC (BLT.L)
--Clyde Russell is a Reuters columnist. The views expressed are his own.--
SANTIAGO, March 25 - Torrential downpours in the north of Chile, the world's biggest copper producer, have forced companies to suspend operations at several of the area's major mines, putting an estimated 1.5 million tonnes of capacity of the red metal on hold.
MELBOURNE/LONDON - BHP Billiton said a proposed $13 billion spinoff of South32 would give the world's biggest miner a strong chance to ride out tough conditions in commodity markets and was a more attractive option than an asset sale.
MELBOURNE - BHP Billiton plans to spin off its aluminum, manganese, nickel, silver and some coal assets into a company called South32 in May. On Tuesday, it gave investors their first detailed look at the new company.
* BHP expects to reap more savings after split (Updates with CEO comments after press briefing)
* BHP rises after South32 spin-off details (Updates with closing prices)
LONDON, March 17 - Britain's top share index edged higher on Tuesday to extend a recent rebound from last week's lows, led by a recovery in Tullow Oil as investors bought into beaten-down oil stocks.
* BHP rises after South32 spin-off details (Recasts, adds quotes, details)
LONDON, March 17 - Britain's top share index rose on Tuesday to extend a rebound after losing ground last week, lifted by supermarket group J Sainsbury and miner BHP Billiton.
MELBOURNE - BHP Billiton has put far less debt than expected into its $13 billion South32 spin-off, positioning the company formed from its unloved assets to weather tough markets and still pay a dividend.