BHP

Cudeco Limited, Primary Health Care Limited, Infigen, Apn News & Media Limited, Onesteel Limited, Amp Limited, Billabong International Limited, Riversdale Mining Limited, Murchison Metals Ltd and Bhp Billiton Limited were among the falling Aussie Shares from the ASX 200 index. These stocks decreased their share price by the most percentage points on the Australian share market, the Australian Securities Exchange (ASX) from the previous week of trading.

Primary Health Care Limited, Onesteel Limited, Amp Limited, Billabong International Limited, Bhp Billiton Limited, Charter Hall Office Reit, Fairfax Media Limited, Downer Edi Limited, Axa Asia Pacific Holdings Limited and CSL Limited were among the worst Aussie Shares from the ASX 100 index. These stocks decreased their share price by the most percentage points on the Australian share market, the Australian Securities Exchange (ASX) from the previous week of trading.

Australian mining giant BHP Billiton (BHP) is planning to build a $US5 billion worth of iron ore hub in West Africa after facing uncertainty in its local expansion plans due to the resource super profit tax (RSPT) proposed by the Australian Government. BHP is planning to boost its operations in West Africa through Guinea and Liberia due to some political improvement in the region and increased buoyant demand for steel which saw record prices for iron ores.

Queensland Coal has received a takeover bid that worth $4.85 billion from a consortium of coal miners which includes BHP Billiton (BHP) and Xstrata for its track network. The proposal has been made to trump a plan by the government of Queensland to float the coal and bulk freight assets of Queensland Rail by the end of 2010 under the banner of a new company named as QR National.

Marius Kloppers, the chief executive of Australia based mining giant BHP Billiton (BHP) stated that he is looking forward for the iron price to remain closer to a record high due to the rising Chinese demand for steel. Although the concerns regarding the economic melt down in Greece did slashed the prices of exchange-traded metals during the earlier month by as much as 10 to 20 percent, the implied price for the iron ore from Australia is still at a record high.

The proposed super-profit tax over the miners have seen the value of mining companies taking major hit on Tuesday as the sector lost another $7 billion worth of value.

Australia based miner BHP Billiton (BHP) has made an announcement today claiming that the company is going for short-term pricing of iron ore deals with quite a few Asian buyers which were priced at a yearly basis in the past. The recent development is being considered as a great victory for the miner as it was campaigning to come out of the yearly traditional benchmark system of pricing iron ore.

The biggest consumer of iron ore China may initiate an investigation and challenge the $US116 billion worth of Pilbara merger of Rio Tinto (RIO) and BHP Billiton (BHP) based on the advice from Allan Fels (an ex-Australian competition tsar) that it does have the right to challenge the merger as the country believes that the proposed merger may hurt the competition and can increase th

The leading exporter of coking coal- BHP Billiton (BHP) have signed a deal with Japanese company JFE Holdings, which is the second largest mill of that country on Friday according to which the Australia based miner will supply it an unknown amount of ingredients for steel production for which JFE Holdings will be paying close to the asking price of BHP Billiton which was $US200 per tonne.