BHP Group Ltd (ASX:BHP) is a world-leading resources company. We work in more than 90 locations worldwide and our products are sold globally. We've positioned our business to support the megatrends shaping our world. Iron ore and metallurgical coal for the steel needed for global infrastructure and the energy transition. Copper for renewable energy. And we are moving into potash to support more sustainable farming.
The Australian stock market may rise slightly after oil continued to slide, and transport and consumer related stocks may firm on the back of further fall in oil prices.
Wall Street closed sharply higher overnight as another drop in oil prices improved investor sentiment. Wall Street staged a late rally after a mixed session, as a drop in oil prices helped to offset disappointing earnings reports from the likes of Apple and American Express. American Express reported second quarter earnings were below estimates and withdrew its full year earnings forecast.
Yesterday, the Australian share market was 3.5 per cent higher to post its biggest single-day rise in almost four months as bargain hunters snapped up banks, property trusts and miners.
Diversified carbon-based energy company New Hope Corporation Limited (ASX:NHC) has entered into an agreement to sell its New Saraji Coal Project to BHP Billiton Mitsubishi Alliance (BMA) for A$2.45 billion cash.
Last night Wall Street led on easing concerns about a credit crisis, but gains are likely to be tempered by declines in mining and oil companies after oil, gold and base metals prices fell.
Further to the Aurox Resources (ASX:AXO)(PNK:AUOXF) earlier announcement, we are pleased to attach a copy of the media statement issued by the Minister for Planning and Infrastructure in relation to the Company's agreement with the Port Hedland Port Authority for a magnetite shipping facility.
Woodside (ASX: WPL) and BHP Billiton Petroleum (ASX: BHP) are the big winners in the annual Safety Awards presented by the Australian Petroleum Production and Exploration Association (APPEA) for 2008
Robust Resources (ASX: ROL) announced today an exciting major diversification through the strategic acquisition of 'Romang Island' an advanced gold-base metals exploration project with large-scale mineralisation potential.
Minotaur Exploration Limited (ASX: MEP) is pleased to announce that drilling at the Cormorant Prospect, on EPM 8608 Bendigo Park 50 km north of Cloncurry has intersected broad intervals of copper-cobalt mineralization.
In its revised Climate Change Policy, BHP Billiton said it believed accelerated action was required to stabilise greenhouse gas concentrations in the atmosphere at levels guided by the research of the Intergovernmental Panel on Climate Change.
