Markets

BHP may restart the Samarco mine in Brazil next year

BHP says mining at the Samarco iron ore mine in Brazil, the site of a fatal accident last year, could restart next year. The 50/50 joint venture mine with Vale has submitted licencing applications to relevant authorities for a restart of operations at reduced capacity. BHP, in an update, says […]
BHP may restart the Samarco mine in Brazil next year
Markets

BHP’s Brazil mine plans to reopen within a year

BHP Billiton’s joint venture mine in Brazil, where a tailings dam collapsed in November leaving 19 dead, could be producing iron ore again within 12 months. Roberto Carvalho, the CEO of the Samarco mine, owned by Brazil’s Vale and BHP, expects production to restart by the fourth quarter. “All our […]
BHP’s Brazil mine plans to reopen within a year
Markets

Barclays cuts BHP price target almost in half to just $10.50

BHP Billiton’s share price closed Sydney trade today at $15.01. That’s the lowest close since 2004 as the company grapples with collapsing commodity prices and general questions about the maintenance of its dividend payout policy. But some believe things could get a lot worse. Reuters says the analysts at Barclays […]
Barclays cuts BHP price target almost in half to just $10.50