ADVFN - Advanced Financial Network.
HOME» NYSE » B » BBL Stock Price » BBL Stock News

Bhp Billiton Sp Share News

 Bhp Billiton Stock Price
BBL Stock Price
 Bhp Billiton Stock Chart
BBL Stock Chart
 Bhp Billiton Stock News
BBL Stock News
 Bhp Billiton Company Information
BBL Company Information
 Bhp Billiton Stock Trades
BBL Stock Trades

BHP Billiton Eyes Window Of Opportunity In Iron Ore -CEO

LONDON -(Dow Jones)- Globally diversified miner BHP Billiton Ltd (BHP) sees a "window of opportunity" in the iron ore market as emerging economies such as China transition from investment-led economic growth to consumption-led economic growth. China, the world's largest steel producer and consumer, is forecast to increase crude steel production to 1.1 billion metric tons a year by 2025 which would equate to a 650 million ton a year increase in global seaborne iron ore demand, Marius Kloppers, the chief executive of the world's largest mining company by market value, said in a presentation given to an audience at the Bank of America Merrill Lynch conference in Florida, Tuesday. "The outlook provides a major opportunity for BHP Billiton and our competitors," he said in the presentation. Kloppers reaffirmed previous comments made by BHP executive Alberto Calderon two weeks ago, noting that projects would be approved "in a sequence that maximizes value, reduces risk and balances short- and long-term returns." BHP has been dogged by concerns that a series of giant projects will increasingly consume its cash and may offer weak returns, as its earnings growth appears to have peaked with the recent fall in prices for many commodities. Some shareholders have been critical of the company's strategy, including plans to invest around US$80 billion on growth over five years and the acquisition last year of shale-gas assets in the U.S. -By Alex MacDonald, Dow Jones Newswires; +44 (0)20 7842 9328; alex.macdonald@dowjones.com (Robb M. Stewart in Melbourne contributed to this story.)

Stock News for Bhp Billiton Sp (BBL)
DateTimeHeadline
01/23/201501:00:30Arrium to Book $1.07 Billion Writedown
01/21/201506:59:07MARKET SNAPSHOT: U.S. Stocks: Futures Lower Before Housing; Netflix...
01/21/201506:46:55MARKET SNAPSHOT: U.S. Stocks: Futures Lower Before Housing, Netflix...
01/21/201506:35:04MARKET SNAPSHOT: U.S. Stocks: Futures Lower Before Housing, UnitedHealth...
01/21/201505:30:23BHP Flags Write-Downs
01/21/201504:30:31Oil Ticks Higher in Asia
01/21/201502:09:09Oil Ticks Higher but Oversupply Concerns Persist
01/21/201501:52:16BHP Flags Write-Downs in Petroleum Business -- Update
01/20/201517:41:14BHP Flags Write-Downs in Petroleum Business
01/19/201513:08:06LONDON MARKETS: U.K. Stocks Log Third Straight Session Of Gains
01/19/201508:49:07LONDON MARKETS: U.K. Stocks Eye Third Straight Session Of Gains
01/18/201523:49:03Ships Evacuated From Pilbara Ports Amid Cyclone Threat
01/16/201512:25:56LONDON MARKETS: Resource Firms Lift FTSE To Erase Potential Weekly...
01/16/201510:55:24LONDON MARKETS: Resource Firms Lift FTSE To Erase Weekly Loss
01/16/201504:09:11LONDON MARKETS: FTSE 100 Faces Third Straight Week Of Losses
01/15/201504:13:13LONDON MARKETS: U.K. Stocks Snap Back After Selloff; Resource...
01/14/201518:46:28ADR Shares End Mixed; Metals and Mining Shares Decline
01/14/201514:56:45Copper Prices Suffer Biggest One-Day Decline in Over Three Years
01/14/201512:39:54LONDON MARKETS: Mining Stocks Lead Rout In London On Gloomy Global-growth...
01/14/201512:36:36European Stocks Hit by Growth Worries -- 5th Update

Bhp Billiton Sp and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad