BHP Billiton Ltd. was able to extend the maturity of its debt in a $5 billion sale, showing investor demand for mining bonds even as much of Australia frets that the best of a record resources boom is over.
Rio Tinto Group’s Mongolia copper and gold mine looks a dream location sitting next to China, the biggest market. Yet, Mongolia’s bid for more control of the project draws comparison with a Rio mine that went badly wrong.
Spot iron ore should stay in a range of $120 to $170 a metric ton for the next three months after steelmakers in China, the biggest buyer, increased prices of their products, said National Australia Bank Ltd.
Leighton Holdings Ltd. Chairman Stephen Johns resigned along with two non-executive directors at Australia’s largest construction company, citing a dispute with its controlling shareholder Hochtief AG.
BHP Billiton Ltd. , the world’s largest mining company, found evidence of possible breaches of anti-corruption laws after the U.S. Securities and Exchange Commission requested information for an investigation.
Asian bond risk jumped to the highest in four weeks after Japan’s industrial production dropped, adding to signs the region’s economy is slowing. China Oilfield Services Ltd. sold its debut dollar-denominated bond.
BHP Billiton, the world’s biggest mining company, priced $5 billion of notes in its biggest debt raising in more than 18 months, as relative yields on mining bonds in the U.S. were near the lowest level since June.