BHP Billiton Ltd., the world’s biggest miner, will proceed with its plans for a Canadian potash project that has been called “misguided” by its biggest shareholder, driven by the prospect of strong investor returns.
Glencore Xstrata Plc Chief Executive Officer Ivan Glasenberg said mining-industry peers are responding to his call to restrain spending and shelve expansions in a bid to buoy prices and boost investor returns.
BHP Billiton Ltd., the world’s biggest miner, is seeking partners for its Canadian potash project after approving spending of $2.6 billion, less than a month after the largest producer set off a possible price war.
BHP Billiton Ltd., the world’s biggest mining company, signaled it will expand in the shale oil and gas industry in the U.S., forecasting global commodity demand will jump 75 percent over the next 15 years.
BlackRock Inc.’s Evy Hambro, manager of the $7 billion World Mining Fund including BHP Billiton Ltd. shares, said recent events in the world potash market make the company’s plans to mine the fertilizer ingredient unattractive.
BHP Billiton Ltd., the world’s biggest mining company, expects “long-term” price declines for its commodities as slower economic expansion in China weighs on demand, Chief Executive Officer Marius Kloppers said.
BHP Billiton Ltd. Chief Executive Officer Marius Kloppers, under investor scrutiny following the failure of three deals, bought himself some time by waiving his bonus after lopping $2.84 billion off the value of BHP’s shale gas assets. The question is, how much?
When BHP Billiton Ltd.’s new chief executive officer Andrew Mackenzie got his doctorate in chemistry in 1980, the ground-breaking research attracted the attention of oil producers including Chevron Corp.