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Export through Guinea is also critical for the other Mount Nimba deposit owned by major miner BHP Billiton and gold miner Newmont. BHP has been in talks over its 40 percent stake in the deposit with mining venture B&A Mineracao, co-founded by the former boss of Brazil's Vale Roger Agnelli, over the last few months.
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BHP expects the total one-off costs of the segmentation to be about $738m. BHP Billiton chairman Jac Nasser said: "The demerger will simplify BHP Billiton and has the potential to unlock shareholder value, while creating a new global diversified metals and mining company with a significant industry presence in each of its major commodities.
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Lusaka - Zambia: BHP Billiton mining company is scheduled to commerce copper exploration in Western Province next month. BHP community manager Adam …
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Mining giants BHP Billiton and Areva want to sell - 8/1/2017. Once seen as one of the potential sources on which to build Guinea's development, iron ore exploration has now all but dwindled to a standstill. ... The insurmountable Nimba mountains The first ordinary board meeting of Societe des mines de fer de Guinee ... president Alpha …
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The Market Price for BHP Billiton's off-market tender buy-back (Off-Market Buy-Back) of BHP Billiton Limited Shares (as defined in the Buy-Back booklet) is A$47.4985. On this basis, the tender discounts are equivalent to the following tender prices (rounded to …
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LONDON (Reuters) - BHP Billiton, the world's largest mining company, has decided to pull out of Guinea, putting its Mount Nimba iron ore project up for sale, the Sunday Times reported.
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BHP Billiton revealed last year it was going back to its roots by demerging a group of high quality assets (aluminium, coal, manganese, nickel and silver) into an independent global metals and mining company, South32.. Earlier this week, BHP published more than 1,500 pages of documents revealing the assets and prospects of …
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It is unfortunate to see a mining giant pulling out from a project. In this case I believe it is good for Guinea as the country will gain much more with Junior mining companies like Bellzone than ...
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BHP Billiton has settled upon B&A Mineracao as its preferred interested party to buy its stake in Guinea's Mount Nimba iron ore deposit, with exclusive negotiations set to commence. The companies are currently considering the conditions which would surround the potential exclusive negotiations, sources told Reuters.
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Export through Guinea is also critical for the other Mount Nimba deposit owned by major miner BHP Billiton (>> BHP Billiton plc) and gold miner Newmont (>> Newmont Mining Corp). BHP has been in talks over its 40 percent stake in the deposit with mining venture B&A Mineracao, co-founded by the former boss of Brazil's Vale ( >> …
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BHP, which is well into a proces of shedding its non-core operations and putting large-scale projects on ice, withdrew from West Africa's Guinea in July last putting its Nimba iron ore project ...
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Australian mining company BHP Billiton (ASX:BHP), which announced earlier this year it would split its "core" and "noncore" assets into separate companies, has finally announced the name of its new company.. South32 will include a majority of selected assets located in the southern hemisphere with two regional centers in Australia and …
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BP Plc has agreed to buy U.S. shale oil and gas assets from global miner BHP Billiton for $10.5 billion, expanding the British oil major's footprint in oil-rich onshore basins in its biggest ...
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Latest news on BHP Group Mining giant Anglo American hopes selling De Beers will fend off takeover bids after BHP's $43 billion offer—but it might do the opposite BHP proposes deal to buy ...
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BHP Billiton is one of the world's largest mining companies, with revenues of AU$61B in 2015 [1]. The Australian based diversified mining company operates across commodities groups such as iron ore, coal, nickel and copper.
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LONDON (Reuters) - BHP Billiton, the world's largest mining company, has decided to pull out of Guinea, putting its Mount Nimba iron ore project up for sale, the …
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Anglo shareholders would also receive shares in two South African units that would be spun off. BHP said its offer valued each Anglo share at £25.08. Anglo shares rose 13 per cent to £24.89 in ...
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BHP Billiton (LON:BHP)'s CEO Andrew MacKenzie told shareholders at the company's annual general meeting in London on Thursday that the world's number one miner is "already seeing signs of ...
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Mining is an industry for today and tomorrow. At BHP, we are already providing materials and jobs critical to the future and we see clear opportunities to use our strengths to continue to grow value for shareholders. ... BHP delivered another strong set of results this year despite lower commodity prices and inflationary pressures. Our ...
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LONDON (Reuters) - ArcelorMittal will have to share the Liberian rail line it is using to export iron ore with Sable Mining and others miners in Guinea who request …
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RNS Number : 3957U Sable Mining Africa Limited 29 July 2015 Sable Mining Africa Ltd / Index: AIM / Epic:... | June 2, 2023
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Sunday Times reports (paywall) that BHP Billiton, which is shedding its non-core operations, is looking for a buyer for its Mount Nimba iron ore project in Guinea. BHP Billiton did not confirm the ...
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FILE - Mining giant BHP Billiton logo sits on the outside of their head office in Melbourne, Australia, Thursday, Nov. 27, 2008. Shares in U.K.-based mining giant Anglo American surged Thursday, April 25, 2024, after it received a 31 billion-pound ($39 billion) takeover approach from rival BHP Billiton, a deal that would create the world's biggest …
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The deal, with no admission of tax avoidance by BHP, will result in the mining giant paying about A$529 million in additional taxes and its BHP Group Ltd. arm …
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World's No. 1 steelmaker, ArcelorMittal, said to be the most likely buyer of BHP's stake in Mount Nimba.
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The Australian newspaper reported that BHP Billiton was planning to develop an iron ore hub in West Africa. It said BHP Billiton planned to combine development of its Nimba iron ore deposit in Guinea, on the Liberian border, with that of the four Liberian deposits it has been excavating. Nimba is expected to cost more than $2bn to develop.
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the Guinean government granted a licence to Sable Mining Africa to exploit its Nimba iron project estimated to hold 135.5m tn. Sable export through Guinea is also critical for the …
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The joint application was part of negotiations for ArcelorMittal to buy BHP Billiton's stake in Nimba, two of the people said. In 2010 the firms tried to combine their iron ore projects that ...
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FILE - Mining giant BHP Billiton logo sits on the outside of their head office in Melbourne, Australia, Thursday, Nov. 27, 2008. Australian mining giant BHP Group on Wednesday, May 29, 2024, pledged to invest in the South African economy as it seeks support for a 38.6 billion pound ($49.3 billion) bid to acquire Anglo American, which was …
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Red metal production at the copper-uranium mine is expected to hit around 230,000 tonnes by 2021, but there is potential for up to 450,000 tonnes per year.
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