BHP ready to overcome global uncertainties – Mackenzie

BHP ready to overcome global uncertainties – Mackenzie

PERTH (miningweekly.com) – Miningmajor BHP Billiton has more than doubled its net profit to $3.2-billion for the six months ended December 31. This was up 157% from the $7-billion loss reported in the six months to December 31, 2015. Underlying earnings before interest, taxes, depreciation and amortistaion (Ebitda) were also up by 65% year-on-year to $9.8-billion.   “This is […]

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India’s Coal Ministry in no rush with coal auctions

KOLKATA (miningweekly.com) – India’s Coal Ministry has decided not to rush through the auction of coal supply linkage to power companies in light of the high availability of the fuel, even though the auction of such linkages would be done for non-power industries. The rules for the auction of coal linkage to the power sector […]

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LNG investment falls as projects are completed – Deloitte

PERTH (miningweekly.com) – As investment in the Australian liquefied natural gas (LNG) sector falls to its lowest level since 2009, LNG exports were tipped to increase on the back of the completion of the Gorgon, Prelude and Ichthys developments in 2017. Advisory firm Deloitte Access Economics reported this week that the value of engineering construction […]

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