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Mining News in Mine Exploration, Mining Companies, and Mining Industry. - EMJ

  • No. 1 miner BHP Billiton plchas announced shedding $16 billion in non-core assests from a 2001 merger to enhance cash flow and boost returns by focusing on its “pillars” of iron ore, copper, coal and petroleum. The Perth-based, Australia-listed company will represent the industry’s biggest spinoff with operations in five countries across three continents with 24,000 employees and contractors.

  • In its first half earnings report for 2014, KGHM booked a net profit of PLN 1.12 billion ($357 million). The results were in line with market expectations, according to the company. A disciplined approach to costs, along with stable levels of production, allowed the company to deal effectively with challenging macroeconomic conditions.

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