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BHP Billiton: Samancor to cut manganese production

LONDON (MarketWatch) -- Mining giant BHP Billiton said Wednesday that it intends to temporarily cut manganese production at its 60% owned Samancor operation due to weak market conditions. The cuts are expected to reduce ore production by 21% and alloy production by 23% in 2009. The reduction in manganese ore output is expected to be balanced between GEMCO in Australia and Hotazel in South Africa....

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BHP Billiton says cuts manganese production

SYDNEY, Dec 3 (Reuters) - BHP Billiton Ltd/Plc is temporarily cutting manganese production at its 60 percent owned Samancor Ltd operation due to weak market conditions, the company said on Wednesday.

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UPDATE 1-BHP Billiton says cuts manganese production

SYDNEY, Dec 3 (Reuters) - BHP Billiton Ltd/Plc is temporarily cutting manganese production at its 60 percent owned Samancor Ltd operation due to weak market conditions, the company said on Wednesday.

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BHP cuts output

BHP Billiton will cut manganese production at its majority owned Samancor operation in South Africa due to weak market conditions for the metal.

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BHP-Billiton - Rio Tinto deal is off

On July 14 2007 I tipped a possible takeover bid for Rio by BHP-Billiton. On November 8 that year it happened. I got it wrong however in suggesting...

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Financial News: BHP Billiton defends decision to drop Rio bid

MELBOURNE, Nov 27 Reuters - BHP Billiton, the global miner, painted a gloomy near-term outlook for metals demand on Thursday as it defended its decision to drop a $66bn bid for rival Rio Tinto.BHP, facing its shareholders for the first time since wa

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BHP Billiton stands by iron ore target

Marius Kloppers, BHP Billiton chief executive, insisted the Anglo-Australian mining had no plans to cut iron ore production despite warning that recent Chinese steel production was down 17 per cent year-on-year

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BHP Billiton defends decision to drop Rio bid

BHP Billiton painted a gloomy near-term outlook for metals demand as it defended its decision to drop a $66bn bid for rival Rio Tinto, the Anglo-Australian mining group

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BHP Billiton withdraws Rio Tinto bid

BHP Billiton has decided to withdraw its hostile bid for Rio Tinto, saying that it is no longer in the best interests of BHP Billiton's shareholders. BHP Billiton's bid for Rio Tinto was launched in November 2007 and initially valued the company at some $147 billion. However, Rio Tinto rejected the offer saying that it undervalued Rio Tinto. Don Argus, BHP Billiton's chairman,...

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Around the world: BHP Billiton halts Rio bid

BHP Billiton, the world's largest mining company, abandoned its hostile bid to acquire Rio Tinto on Tuesday.

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BHP-Billiton - Rio Tinto deal is off

On July 14 2007 I tipped a possible takeover bid for Rio by BHP-Billiton . On November 8 that year it happened . I got it wrong however in suggesting it likely that eventually some sort of deal would be done . In dramatic news yesterday the 3.4 BHP-Billiton shares for 1 Rio Tinto shares bid was abandoned . As it turns out too my conditional argument that Rio Tinto was a cheap way of getting...

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BHP Billiton's bid for Rio Tinto has fallen to pieces

An audacious attempt by BHP Billiton to get control of Rio Tinto has fallen apart BHP BILLITON’S boss, Marius Kloppers, wasted no time leaping into action when he took charge a little over a year ago. In November 2007, barely a month into his tenure as chief executive of the Anglo-Australian mining giant, he began making unwanted advances to Rio Tinto, a vast rival, in the form of a...

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Rio Tinto shares drop 40% after BHP Billiton drops bid

Rio Tinto shares drop 40% after BHP Billiton drops bid Image: http://feedads.googleadservices.com/~at/bfa9H_Gh1IksVu67s5IMphh3Uik/i ...

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BHP Billiton still in market for top tier mining assets – except gold

CHALLENGING TIMES BHP Billiton still in market for top tier mining assets – except goldBHP CEO, Marius Kloppers, told shareholders the company was still prepared to look at top tier, long-life, low-cost assets that might be put up for sale by other miners.Author: Sonali PaulPosted: Thursday , 27 Nov 2008 MELBOURNE (Reuters) - Global miner BHP Billiton (BHP.AX) (BLT.L) painted a gloomy...