Crude and iron ore break below $40
The recovery in both iron ore and crude oil prices will take a pickup in economic growth from China and I don’t see evidence of that in the next six months or longer.
BHP
The mining and mining equipment turn moves further off–BHP postpones $68 billion in projects
Bad news for BHP Billiton (BHP), of course. Today the company announced that net income for the six months ended on June 30 fell 58% drop on lower prices for metals and coal and higher costs. Bad news too for the world’s makers of mining equipment as BHP Billiton announced that it had put approval for $68 billion of mining projects on hold
BHP offers 65% premium to buy Petrohawk (HW)–take it and look for another small cap energy acquisition candidate
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...BHP Billiton provides clues on how long the mining boom will run–if you dig for them
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The top that BHP can offer for Potash of Saskatchewan may not be enough
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Here’s why BHP thinks it can get Potash for $130
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