Trump’s energy policy to focus on boosting fracking, reviving coal sector

Following US President Donald Trump’s inauguration last week, his administration has confirmed its intentions to reverse Barack Obama’s climate change policies, boost fracking for oil and gas, and lift current restrictions affecting the coal mining sector. In the document entitled “An America First Energy Plan,” the US new leader outlined his government’s goals, leaving out specifics about how exactly[…]

BHP Billiton to lose chairman Jac Nasser next year

The chairman of the world’s largest mining company, BHP Billiton (ASX, NYSE:BHP) (LON:BLT) has just announced he would not seek re-election at next year’s annual general meeting (AGM). Nasser had intended to announce his retirement last year but chose to stay on at the mining company to provide stability as BHP dealt with the aftermath of Samarco.[…]

World’s top miner BHP Billiton finally sees signs of recovery in mining

For the first time in about five year the world’s No. 1 mining company BHP Billiton (ASX, NYSE:BHP) (LON:BLT) has said it was finally seeing clear signs of a commodity market turnaround. Announcing the results of an operational review ended Sep. 30, chief executive officer Andrew Mackenzie said there were “early signs of markets rebalancing.” Iron[…]

World’s No. 1 miner BHP Billiton put its money on oil and gas

World’s No. 1 mining company BHP Billiton (ASX, NYSE:BHP) (LON:BLT) is going all out for its petroleum business, planning to invest as much as $5 billion in that unit as well as mulling potential acquisitions thanks recovering oil prices and the firm’s efforts to lower costs. The company has renewed expansion plans for its oil business as a[…]