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
04/24/201512:36:12LONDON MARKETS: FTSE 100 Advances As HSBC Shares Jump
04/24/201506:59:12LONDON MARKETS: FTSE 100 On Track For A Weekly Advance; HSBC...
04/24/201504:12:46LONDON MARKETS: FTSE 100 Rises, On Track For A Weekly Advance
04/23/201513:24:28LONDON MARKETS: FTSE 100 Turns Higher As Miners Climb
04/23/201513:18:57LONDON MARKETS: FTSE 100 Turns Higher As Miners Climb
04/23/201509:22:24BHP Billiton plc Earns Neutral Rating from Citigroup Inc. (BBL)
04/23/201508:21:18LONDON MARKETS: FTSE 100 Slips, With Miners Lower After Soft...
04/23/201506:18:02Report of Foreign Issuer (6-k)
04/22/201513:22:34BHP Billiton Prices EUR2.0 Billion Bond
04/22/201510:13:40BNP Paribas Reiterates Underperform Rating for BHP Billiton plc...
04/22/201509:22:13BHP Billiton plc Given "Underperform" Rating at RBC Capital (BBL)
04/22/201509:22:11Canaccord Genuity Reaffirms Buy Rating for BHP Billiton plc (BBL)
04/22/201506:24:48Report of Foreign Issuer (6-k)
04/22/201500:39:18BHP Iron Ore Output Rises Despite Glut Fears
04/21/201519:37:09BHP Billiton Lifts Iron-Ore Production Estimates
04/21/201512:22:18LONDON MARKETS: FTSE 100 Rises As Sky Shares Jump, But Rio Tinto...
04/21/201509:22:53LONDON MARKETS: FTSE 100 Rises As Sky Shares Jump, But Rio Tinto...
04/20/201518:00:30EUROPE MARKETS: European Stocks Buoyed By China Stimulus Move;...
04/20/201517:59:57LONDON MARKETS: Miners Lead Gains On FTSE 100 As China Aims To...
04/20/201517:34:32LONDON MARKETS: Miners Lead Gains On FTSE 100 As China Moves...

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