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Mijnen,Rio...bhp

1. voda 23 juli 2015 18:25

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   South32 to book USD 1.9 billion writedown
   
   The Daily Telegraph reported that BHP Billiton spin-off South32 will record a USD 1.9 billion writedown on manganese and coal assets, and said curtailing production of manganese and aluminium was designed to maximise shareholder value, rather than volume.
   
   South32 said that the USD 1.3 billion reduction in book value of the manganese assets largely offsets the previous fair value uplift of USD 2.1 billion described in its listing documents. The company also flagged a USD 539 million writedown on its Wolvekrans Middelburg complex at its South Africa energy coal unit.
   
   It added "The associated reduction in book value will result in a lower depreciation charge for the manganese assets than previously indicated.”
   
   South32 said it was assessing the fair value of its assets as part of its end of year processes, and would keep the market informed should there be a material difference to the figures that BHP Billiton provides to the market.
   
   South32's total fiscal year alumina output slipped 1 per cent over the year, while aluminium output fell 14 per cent.
   
   The miner's total energy coal output lifted 12 per cent across the whole group for the full year, while metallurgical coal production rose 25 per cent.
   
   South32's total manganese ore output lifted 4 per cent over the year, while total silver output across the miner dipped 10 per cent over the twelve months.
   
   BHP Billiton spun off its non-core assets into South32, in May, as the parent miner focusses on commodities including iron ore.
   
   Source : The Daily Telegraph
   
2. voda 23 juli 2015 18:28

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   BHPB update on Iron Ore for year ended June 2015
   
   Published on Thu, 23 Jul 2015 86 times viewed
   
   Total iron ore production for the 2015 financial year increased by 14 per cent to a record 233 million tonnes, exceeding full-year guidance. Total iron ore production is forecast to increase by six per cent in the 2016 financial year to 247 Mt.
   
   Source : Strategic Research Institute
3. voda 6 augustus 2015 16:38

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   Forse winstdaling voor Rio Tinto
   
   Gepubliceerd op 6 aug 2015 om 09:30 | Views: 1.650
   
   LONDEN (AFN) - Mijnbouwconcern Rio Tinto heeft in de eerste helft van dit jaar de winst met 43 procent zien dalen door de sterke daling van de ijzerertsprijs. Dat blijkt uit cijfers die het bedrijf donderdag publiceerde.
   
   De onderliggende winst bedroeg 2,9 miljard dollar (ruim 2,6 miljard euro), tegen 5,1 miljard dollar een jaar eerder. De ijzerertsprijs staat onder druk door een wereldwijd overaanbod en een zwakkere vraag vanuit de Chinese staalindustrie.
   
   Rio Tinto gaf aan extra in de kosten te gaan snijden en minder te investeren.
   
4. voda 25 augustus 2015 16:40

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   BHP Billiton heeft last van zwakke grondstofmarkten
   
   SYDNEY (Dow Jones)--BHP Billiton Ltd. (BHP.AU) had in het afgelopen gebroken boekjaar last van de zwakke grondstofmarkten, waardoor de nettowinst in het jaar met 86% daalde.
   
   Dat bleek dinsdagochtend uit de jaarcijfers, waarbij een nettowinst van $1,9 miljard werd gerapporteerd, van $13,8 miljard een jaar eerder. De onderliggende winst daalde op jaarbasis met 52% tot $6,42 miljard.
   
   De fors lagere nettowinst was toe te schrijven aan een last van $1,3 miljard en afschrijvingen op een aantal olievelden. Toch keert de mijnbouwer wel interimdividend uit van 62 dollarcent, waarmee het totale dividend voor het boekjaar op $1,24 komt, een stijging van 2%.
   
   De prijzen voor grondstoffen als steenkool, olie en ijzererts zijn de afgelopen weken gedaald tot de laagste niveaus in jaren. Door de toegenomen productie bij projecten die gepland zijn toen de prijzen nog hoger stonden, is er nu sprake van een overaanbod, terwijl de economie in China, e e n van de grootste grondstofverbruikers ter wereld, afkoelt.
   
   
   Door Rhiannon Hoyle; Dow Jones Nieuwsdienst; +31 20 5715 200; amsterdam@wsj.com
   
   
5. voda 25 augustus 2015 17:17

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   Steep fall in iron ore prices likely as Rio Tinto continues to step up output
   
   Chinese analysts forecast that iron ore prices may see sharp declines next year as global output surges on the back of Rio Tinto Plc’s plan to boost production at its mines. Mr Liu Zhiqiang, a senior analyst at Sublime China Information Group Co, said “Iron ore output may reach its peak next year as several large mines are expected to start production. The resultant overcapacity will drive down prices.”
   
   Mr Liu said prices may fall below USD 40 next year and remain in the range of USD 35 to USD 45 because of shrinking demand and oversupply.
   
   Iron ore prices have already fallen to about USD 55 per metric ton in the past few months. Despite sluggish demand from China most of the major miners like Rio Tinto have showed no inclination to scale down production.
   
   Mr Ren Binyan, managing director of Rio Tinto China, told reporters in Beijing on Wednesday that the company is aiming to have an iron ore capacity of more than 300 million tons by the end of this year. He said “It is a decision we made five years ago. Even though iron ore prices have declined sharply, it is still a profitable business due to our effective cost management.”
   
   Rio Tinto produced about 120 million tonnes of iron ore during the first six months of this year, a 13 percent increase over the same period last year.
   
   Source : Xinhua
   

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6. voda 26 augustus 2015 16:55

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   BHP Billiton cuts CAPEX as profit dives to ten year low level
   
   BHP Billiton reported its worst underlying profit in a decade gutted by plunging iron ore, copper, coal and oil prices and said it would cut spending more deeply to shore up dividends.
   
   Source : Strategic Research Institute
7. voda 6 september 2015 15:30

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   Rio Tinto is drilling for copper in Uzbekistan
   
   Trend reported that the Uzbek Goskomgeo State Committee for Geology and Mineral Resources stated that Rio Tinto Mining & Exploration Ltd has finished its second phase of exploration operations at the promising Gava site in the Namangan region of Uzbekistan.
   
   The company is now analyzing the results of its exploration work, will come to a decision on its potential at the beginning of next year, a source at the company states.
   
   Details on the drilling were not released, but the source said the company was meetings its financial obligations to the Uzbek government as stipulated by its license agreement. The agreement was issued by the Uzbek State Committee for Geology and Mineral Resources in December 2012. It is effective for five years and gives the company the right to engage in geological survey studies at the Gava site.
   
   Gava Exploration LLC, a wholly owned subsidiary of Rio Tinto was set up to for the miners operations in Uzbekistan, and is the operating company at the Gava site. The three-year exploration program has an estimated project cost of $3 million.
   
   Source : Trend
   

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8. voda 7 september 2015 17:29

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   BHP Billiton inches ahead of Rio Tinto in race for title of lowest cost exporter
   
   Western Australia reported that BHP Billiton has overtaken arch rival Rio Tinto to become the world's lowest cost exporter of iron ore to China, less than a year after iron ore president Mr Jimmy Wilson threw down a challenge to claim Rio's coveted mantle over the medium term. That is the state of play according to UBS mining analyst Glyn Lawcock, who says BHP has inched ahead of Rio by reducing its break-even to as low as USD 28 a tonne, putting it about USD 1-2 ahead of Rio.
   
   However, Mr Lawcock says it is a game of inches and cents between Rio and BHP. He said “While BHP has claimed the lowest-cost exporter mantle in the past three to four months that is likely to keep changing as both miners drive their costs lower. The biggest driver of who wins on all in delivered costs is not cash costs, they are very similar now, it is sustaining capital, which is USD 2 higher for Rio. But they are very close, it's a game of cents that's fluid and can change quickly.”
   
   The new UBS figures show Brazil's Vale and Gina Rinehart's Roy Hill mine as having the next-best break-evens, both at USD 39 a tonne. Fortescue is put at USD 42 a tonne, higher than the $US39 guided by the miner.
   
   Source : Western Australia
   

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9. voda 10 september 2015 21:49

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   BHP Billiton weighs more oil and gas capital spending cuts
   
   Mr Tim Cutt BHP Billiton petroleum president, said that capital spending could be cut again for its diminished United States onshore shale business amid depressed prices but is confident in a ‘medium-term’ oil and gas price recovery.
   
   Mr Cutt said that volatility in oil and gas prices would continue in the near term, and depending on how the oil price tracks, BHP could again reduce its 2016 capital spend of USD 1.5 billion for its onshore US division.
   
   That spend is already 60% lower than last year's, when oil and gas prices began to fall off a cliff.
   
   Mr Cutt said at a conference in New York that "The capital reduction this year could be even more pronounced."
   
   The resources house has a capex spend of USD 1.6 billion flagged for conventional oil in the current year.
   
   BHP has dramatically pulled back from its ambitions in the US onshore shale oil and gas sector, also known as unconventionals, because the division has been rendered largely unprofitable by the oil and gas price collapse.
   
   It has slashed its drilling rig numbers from 26 to just 9 and took a pre-tax write-down of USD 2.8 billion on the business in June.
   
   But Mr Cutt insists high-cost oil and gas supply will eventually be needed. A recovery in prices, and cheaper development costs will be needed to incentivise investments needed to deliver new supply to meet growing demand.
   
   However, the near term will be volatile until the imbalance of approximately 2 million barrels per day works through.
   
   BHP flagged in July that iron ore was the only one of its 4 key pillars, the other three being copper, petroleum and metallurgical coal, set to grow in 2015.
   
   Mr Paul Young, Deutsche analyst, said that "BHP was supposed to have this fantastic growth profile in the US onshore dry gasfields and it hasn't eventuated."
   
   The company's Blackhawk oil and gasfield is the only field in the US onshore business that works at current prices.
   
   BHP will have to push production of shale liquids harder to make up for turning off much of the shale gas production sent into the red by the oil price collapse. Liquids production increased 67% last year. The new strategy could reduce the life of the shale investment, putting it well short of the longevity of other key assets in BHP’s broader portfolio.
   
   It is racing to push costs down in the Permian in an attempt to emulate its success at Blackhawk.
   
   BHP has also raised doubts about its commitment to swing its US onshore oil and gas division into cash-flow-positive territory this financial year, saying in July that it required an average crude oil price of USD 60 and national benchmark gas price of USD 3, well above current prices. Benchmark crude, West Texas Intermediate, is languishing near USD 45 a barrel.
   
   But Mr Cutt said that the resources house looks to have found a new potential top-tier liquids site in Western Australia north of Karratha and could drill there from 2018.
   
   As for the Haynesville project Mr Cutt said that it is among the best unconventional gas plays in the world.
   
   BHP's great oil exploration hope is its offshore Trinidad and Tobago acreage, but even if drilling is successful in 2016 it will not be developed until next decade.
   
   Source : Sydney Morning Herald
   
10. voda 11 september 2015 17:23

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    Rio Tinto Mine of the Future programme makes big savings
    
    Mining.com reported that last month world number two mining company Rio Tinto last month said cost reductions, favourable exchange rates, volume savings and lower energy costs helped to offset the decline in the iron ore price.
    
    Pilbara cash unit costs were driven down to $16.20 per tonne in H1 2015, compared to $20.40 per tonne during the same period last year and $18.7 in H2 2014. Rio's said it's cut $1 billion of fat from its iron ore business since 2012. And it's not stopping there.
    
    Rio's technology and innovation CEO Greg Lilleyman told Mining Weekly its fleet of autonomous trucks and better analytics, part of its Mine of the Future programme will deliver significant group wide productivity improvements":
    
    He said “Rio Tinto’s first-mover status in autonomous equipment has resulted in significant productivity gains while our use of big data analytics has allowed us to safely extend maintenance cycles. These productivity gains, combined with our asset management programme, have us on a pathway to safely reduce maintenance costs by about $200-million a year over the next three years."
    
    From a building at Perth airport, world number two miner Rio Tinto manages 15 mines, 43 trains and four ports some 1,500 km from the West Australian capital. By this time last year the robot army deployed in the Pilbara region of Western Australia had already moved 200 million tonnes and traveled nearly 4 million kilometers.
    
    Rio is also looking at autonomous drills and after spending $520 million on the project Rio said trains should also become remotely controlled this year.
    
    Source : Mining.com
    

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12. voda 17 september 2015 17:08

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    BHPB CEO Mr Andrew Mackenzie bullish on China
    
    Australian Financial Review reported that BHP Billiton chief executive Mr Andrew Mackenzie has signalled that China may have turned a corner, saying he had shifted from a slight "bear" on the world's second largest economy three months ago to once against siding with the China "bulls".
    
    Mr Mackenzie, speaking in Washington, said BHP's key commodities including iron ore, coal, copper and oil were "still flowing" through Chinese ports and there was no inventory build up. Stockpiles of commodities at the ports would indicate a sharper slowdown in commodity demand. He said “If we compare to three or four months ago, things are a little better, not worse.”
    
    After a partial recovery in the price of iron ore in recent weeks, Mr Mackenzie admitted there was more "downside" to the iron ore price due to the volume of new production coming on stream. He said "The price risk is slightly to the downside.”
    
    Mr Mackenzie said BHP had been expecting a slowdown for several years and foresaw a big drop in the metal-intensity of China's economy. He said "Industrial production is coming down but services are holding up. It does seem they are finding a way to manage that transition. It's a tough transition to manage."
    
    The mining giant is forecasting steel demand in China to grow at 2 per cent a year, down from a peak of around 20 per cent annually.
    
    Chinese policymakers are trying to make their economy less dependent on investment and exports, and more reliant on domestic consumption and services.
    
    Source : Australian Financial Review
    

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13. voda 20 september 2015 15:22

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    Rio Tinto still plans expansion of Oyu Tolgoi copper-gold project in Mongolia
    
    The West Australian reported that Oyu Tolgoi copper and gold Rio Tinto says its $6 billion expansion of the massive Oyu Tolgoi copper-gold project in Mongolia's Gobi desert is a no-brainer and will go ahead despite the sharp slump in metal prices that has created investor unease about new big-ticket developments.
    
    Mr Craig Kinnell, Rio’s copper and coal division chief development officer, said early-stage works on the Oyu Tolgoi underground project had already begun and substantial activity should kick in by June.
    
    Mr Kinnell, speaking on site at Oyu Tolgoi, would not reveal the likely final budget but hinted the tough environment for the mining industry, triggered by weaker-than-expected Chinese growth, should give rise to cost savings as contractors and suppliers were more desperate to pick up work. He said “It’s probably a good time to go out there and seek tenders.”
    
    This was predicated on the Oyu Tolgoi joint venture, owned 66 percent by Rio subsidiary Turquoise Hill and 34 percent by the Mongolian government, finalising about $4.2 billion in project finance by the end of this year and completing a revision of the capital budget for the underground development, which was last costed several years ago.
    
    Oyu Tolgoi’s progress will be watched closely by WA mining and contracting circles because of the project's big contribution to the global copper market but also as a source of much-needed work at a time when most other developments have been shelved.
    
    Source : The West Australian
    

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14. voda 24 september 2015 19:43

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    Mining giants Vale, BHPB and Rio offers contradictory view of China steel output
    
    Bloomberg reported that Brazilian iron ore mining giant Vale has pushed back against claims steel consumption in China has peaked, saying demand in the top user still has some way to go in a view that contrasts with a rising number of global banks as the largest miners are seeking to figure out the implications of slowing growth in China on demand for everything from iron to copper.
    
    Mr Claudio Alves global director of ferrous marketing and sales of Vale in written remarks sent to Bloomberg before the start of a conference in Qingdao said “China's steel consumption peak is still ahead of us but of course the growth will be much more gradual. Despite the slowdown of the growth speed, China still remains the economic engine of the world. Further urbanisation and infrastructure projects will underpin demand for iron ore, steel, copper and other base metals.”
    
    Vale's view echoes outlooks from Rio Tinto Group and BHP Billiton
    
    Rio Asia president of iron ore Mr Alan Smith told the conference “China's crude-steel output will rise to about 1 billion metric tons by 2030 reaffirming our outlook. Global steel demand ex-China will climb to about 1.5 billion tons by 2030 from 920 million tons.
    
    BHP said in its annual report on Wednesday, citing steel stock per capita that's below the level in developed nations, “We expect moderate but sustainable growth in Chinese steel production over the next decade. In line with our expectations, the economy is growing more slowly as it matures."
    
    However, Australia & New Zealand Banking Group brought forward its peak-steel estimate to 2014 from 2020 and Credit Suisse Group said local consumption will shrink 10 per cent by 2018. Citigroup warned Tuesday commodities may see further losses amid excess supplies and a sluggish global economy. Peak-steel consumption in China occurred last year on a property downturn, ANZ said in a note on Monday, reducing price forecasts for iron ore for next year and 2017. Demand may contract to 695 million tons in 2018 from 773.7 million tons in 2013, Credit Suisse said in a report the same day.
    
    Source : Bloomberg
    
15. voda 28 september 2015 20:48

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    Rio Tinto confident of retaining lowest iron ore costs tag
    
    RWA Today reported that Rio Tinto's iron ore head Mr Andrew Harding has declared that the mining major's proactive strategy on technology will allow it to preserve its ranking as the lowest cost producer of iron ore. Mr Harding said the company has almost 400 initiatives under way to deliver additional savings and productivity improvements across Rio's Pilbara operations in Western Australia that will make it hard for competitors to catch up.
    
    Mr Harding said “Our first-mover advantage with new technology is providing us with a productivity edge that we do not see being bridged by others in the foreseeable future.”
    
    Mr Harding said that as the port and rail infrastructure are now completed, the group could concentrate on improving system wide efficiency and productivity, rather than managing the demands of both construction and operations. He said “At the heart of our success has been combining the best assets with the very best people, and since 2012 we have delivered almost USD 1 billion of cumulative operating cost savings. We are currently tracking nearly 400 improvement projects that will deliver further savings and productivity improvements across our Pilbara operations.”
    
    Rio has cut Pilbara cash unit costs to USD 16.20 per tonne in the first half of 2015, down from USD 20.40 per tonne in the same period a year earlier. Taking into account foreign exchange rates and energy prices, that equates to about USD 15.20 per tonne.
    
    Rio has signalled its Pilbara shipments will slow slightly in 2016 to 335 million tonnes, rising to about 350 million in 2017. Rio has completed the rail and mine infrastructure kit needed to achieve its target to increase production to 360 million tonnes a year. However, it is still ramping up its operations to meet that level, with no date set on when it may be achieved. Development of a new mine, Silvergrass, is expected to be required before it can hit that goal.
    
    Source : WA Today
    

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16. voda 14 oktober 2015 17:15

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    Guinea is stuck in a painful marriage with Rio Tinto Group
    
    Bloomberg reported that West African nation Guinea is unhappy that Rio is taking so long to develop Simandou, the world’s largest untapped iron-ore deposit. But with a USD 20 billion bill and prices near a seven year low making major companies rein in spending, it’s difficult for the biggest producer of the material to make a move. The stakes for Guinea are huge. Simandou could double the size of its USD 6.5 billion economy and turn it into the third-biggest iron-ore exporter.
    
    The report quoted a government official overseeing the infrastructure project as saying that “They’re giving us the runaround. We’re running out of patience. We can’t spend our whole lives without any development. Government is considering what mining policy to pursue. There have been people at Simandou for 15 years, 20 years, and they’ve never produced a ton of iron. Government is taking a new tender for another part of the deposit slowly because we don’t want our minerals to be put out to pasture anymore.”
    
    Eighteen years after the government invited the producer to explore the deposit, the company says state reviews, low prices, losing the rights to half its deposit and the worst outbreak of Ebola have set it back.
    
    Two-thirds of the USD 20 billion investment will be for infrastructure, including a 650-kilometer railway to connect the mountainous jungle around Simandou to the coast and a deep-sea port. Rio and its partners have already spent $3 billion on the deposit
    
    In 2006, almost a decade after starting exploration, Rio said it had found 1.6 billion metric tons of iron-ore reserves. Production was planned for 2013 and to reach 100 million tons of ore a year at its peak. Soon, the government started reviewing the terms of the project and in 2008 President Lansana Conte withdrew the rights to two of the four blocks. They were handed to BSG Resources Ltd., the company of Israeli billionaire Beny Steinmetz, which sold 51 percent of the two to Vale SA, Rio’s biggest iron-ore rival. The BSGR and Vale venture lost its title after the government found BSGR had obtained it through bribery something the company denies. In 2011, Rio renegotiated its deal, paying the government $700 million in upfront taxes, with Walsh saying he hoped to ship iron ore by mid-2015. The Ebola outbreak in December 2013 forced workers at Simandou to withdraw. Rio then missed the July deadline for the feasibility study.
    
    Not advancing Simandou fits in with tactics by Rio, Vale and BHP Billiton Ltd., the three biggest iron-ore producers, to acquire the largest deposits but then not develop them so that they don’t compete with existing mines, according to Kenneth Hoffman, a senior metals and mining analyst with Bloomberg Intelligence.
    
    Source : Bloomberg
    
17. voda 16 oktober 2015 15:24

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    Rio Tinto voert ijzerertsproductie verder op
    
    Gepubliceerd op 16 okt 2015 om 08:09 | Views: 3.147
    
    LONDEN (AFN) - Rio Tinto heeft zijn productie van ijzererts vorig kwartaal met 12 procent opgevoerd. Dat maakte de internationale mijnbouwgigant vrijdag bekend.
    
    Rio Tinto voerde de capaciteit van zijn mijnen op en profiteerde daarbij ook van de afronding van uitbreidingsprojecten in het westen van Australië. De totale productie van ijzererts van het concern groeide in het derde kwartaal tot ruim 86 miljoen ton, tegen bijna 77 miljoen ton een jaar eerder.
    
    Met de stijgende productie trekt Rio Tinto zich, net als concurrent BHP Billiton, weinig aan van de aanhoudende daling van de prijs voor ijzererts. Die ligt nu al 70 procent onder de piek van 2011 en de kans op een verdere daling in 2016 lijkt vooralsnog groot. Volgens deskundigen trachten Rio Tinto en BHP met hun groeiende productie concurrenten die met hogere kosten werken uit de markt te drukken.
    
18. voda 16 oktober 2015 16:18

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    Canada Supreme court rejects Rio Tinto appeal to dismiss First Nations lawsuit
    
    The Canadian Press reported that the Supreme Court of Canada has refused to end a class action lawsuit filed by two Innu communities against the Iron Ore Co of Canada and the Quebec North Shore and Labrador Railway Co. The country’s highest court dismissed with costs their appeal of a Quebec Court of Appeal ruling. No reasons were provided Thursday, as is customary when the court makes such a decision.
    
    The Innu First Nations of Uashat Mak Mani-Utenam (Uashaunnuat) and Matimekush-Lac John claim the IOC, which is majority owned by Rio Tinto, has violated their rights for nearly 60 years and are seeking $900-million in compensation.
    
    The Innu claim the mines and other facilities have ruined the environment, displaced members from their territory and prevented them from practising their traditional way of life.
    
    They also say a 578-kilometre railway between Schefferville, Que., and Sept-Îles, Que., has opened up their territory to “numerous other destructive development projects.”
    
    The allegations have not been proven in court.
    
    Source : The Canadian Press
    
19. [verwijderd] 9 november 2015 04:59

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    daling tot 10 % boven de 12 mnds low op de ASX
    RIO Tinto :49.04 -1.76 (-3.46%)
    -------------------------
    zit op de 12 mnds low vandaag:
    BHP 21.56 -1.14 (-5.02%)
    
    Brazil dam disaster rocks BHP
    Brazilian authorities were last night searching for up to 28 people still missing three days after dams burst at the half BHP Billiton-owned Samarco iron-ore operations, unleashing a wall of heavy sludge that buried much of a nearby village
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    Weyerhaeuser has agreed to acquire Plum Creek Timber for about $8.4bn, in a real estate deal that will create the largest private owner of timberland in the US.
    The new company, with a combined equity value of some $22.5bn, will manage more than 13m acres of timberland, enabling it to reap economies of scale and capitalise on the US housing recovery, the companies said.
    
20. voda 19 november 2015 17:15

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    BHP Billiton cancels staff Christmas parties
    
    Sydney Morning Herald reported that the world's largest miner, BHP Billiton, has cancelled more than a dozen Christmas parties across its iron ore operations as it manages an environmental disaster caused by a dam collapse at its Samarco joint venture in Brazil.
    
    A BHP Billiton iron ore spokeswoman confirmed all corporate and mine site Christmas parties had been cancelled. It included the Christmas function planned for its Melbourne staff.
    
    The spokeswoman said “Given the recent tragic events at the Samarco operations in Brazil, we have decided it would not be appropriate to continue with the end of year functions.”
    
    The miner is investigating options to donate any food ordered and paid for that will no longer be needed.
    
    BHP Billiton chairman Jac Nasser and chief executive Andrew Mackenzie will front investors in Perth on Thursday for what is expected to be a heated and emotional annual meeting. Greenpeace and Get Up activists are planning to protest outside the meeting. Greenpeace also plans to question BHP during the meeting.
    
    The failure of the tailings dam at Samarco's Brazilian mine on November 5 has caused a deadly mudslide that has so far spread 440 kilometres, killed nine people, affected 11 villages, and has pushed sludge down Brazil's Doce river. More than 600 people have lost their homes. Samarco's operating licence has been suspended and employees are on paid leave. It is still not known what the cause of the dam rupture was.
    
    BHP and Vale each hold a 50 per cent stake in Samarco.
    
    Source : Sydney Morning Herald
    
    
21. voda 25 november 2015 17:49

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    'Verkoop De Beers goed voor 10 miljard'
    
    Gepubliceerd op 25 nov 2015 om 12:41 | Views: 3.138
    
    LONDEN (AFN/BLOOMBERG) - Mijnbouwconcern Anglo American kan meer dan 10 miljard dollar (ruim 9,3 miljard euro) ophalen door zijn diamantdochter De Beers volledig te verkopen, bijvoorbeeld via een beursgang. Dat schrijft de bank HSBC in een rapport over Anglo American.
    
    De Beers is 's werelds grootste producent van diamanten en voor 85 procent in handen van Anglo American. De rest is eigendom van de overheid van Botswana. Volgens HSBC zal De Beers waarschijnlijk een aantrekkelijke waardering krijgen van investeerders. Het onderdeel behoort tot de best presterende activiteiten van Anglo American.
    
    Anglo American is bezig voor miljarden dollars aan bezittingen te verkopen om de schuld te verlagen. Ook wordt flink in de kosten gesneden. Het mijnbouwbedrijf heeft te kampen met de sterk gedaalde grondstofprijzen.