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Market: LSE, ASX, JSE, NYSE
Sector: General Mining
Epic: BLT
News: Latest news
Web Site: BHP Billiton
Other Articles: 11-02-201002-02-201029-01-2010

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Saturday March 13, 08:47Premium risk at Prudential

Insurance giant Prudential has stolen the headlines this week, after their decision to buy AIA, the Asian life business of US insurer AIG, has attracted a mixed response from shareholders.

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Friday March 12, 07:58Lithium and rare earths markets poised for growth

Right now, the world relies almost completely on China for its rare-earth supply. The Chinese have made it clear that they want to keep more supply for themselves as they try to be the world leader in green technology

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Friday March 12, 07:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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BHP Billiton

BHP Billiton

BHP Billiton (ASX:BHP) is a global leader in the resources industry.

Formed from a merger between BHP and Billiton, the company is a leader in the extraction and sales of most natural resources, and is particularily strong in Iron Ore, Coking and Thermal Coal, Copper, Zinc, Oil & Gas, Diamonds and most materials key to the production of steel.

Wednesday, April 22, 2009

BHP Billiton expects uncertain market conditions to continue

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BHP Billiton PLC (LSE: BLT) said it expects market conditions to remain uncertain in the medium term and warned that output from its Escondida copper mine in the current year is expected to drop 30 percent from last year due to operational issues.

In a production report covering the nine months to March 31 2009, the company said oparations at Escondida, the world’s largest copper mine in which it holds a majority interest, continued to be impacted by lower ore grade and reduced production from milling operations.

It expects the issues affecting the Laguna Seca SAG mill at Escondida to be resolved during the September 2009 quarter.

“Consistent with the way we have managed our business to date, all our operations will remain under review. We will continue to take appropriate actions in any business that is cash negative and set to remain so, or where there is lack of demand,” BHP Billiton said.

Against a backdrop of weak demand, the company achieved sound operational results, it said, albeit with lower production compared to the December 2008 quarter. This quarter's production reflects actions in response to the challenging market conditions. These actions include previously announced production curtailments in Samarco, Samancor Manganese and across BHP Billiton’s metallurgical coal operations.

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