BHP says commodity prices have stopped falling
BHP Billiton has committed to grow cash flow and declared commodity prices have stopped falling.
Peter Ker covers resource companies, based in Melbourne.
BHP Billiton has committed to grow cash flow and declared commodity prices have stopped falling.
BHP's $US6.38 billion ($8.3 billion) loss is the worst since the company was formed in 2001 through a merger of BHP and Billiton.
Newcrest Mining shareholders will receive a dividend for the first time in 42 months.
Some believe BHP will be tempted to respond to one of its worst ever financial results with higher than expected spending on growth.
Energy generator AGL could appoint a receiver to Peabody Energy's Wilpinjong coal mine within months if certain production milestones are not achieved.
Rio Tinto's new boss says he is willing to lose the position of world's cheapest iron producer if it costs too much to achieve
Rio Tinto has posted its lowest first half profit since 2004 despite stronger-than-expected commodity prices.
Rio Tinto will spend $US338 million completing its iron ore expansion in Western Australia.
Fortescue chief Nev Power vows to compete with BHP for the contestable tugboat business at Port Hedland.
Improved conditions over the past six months mean Anglo American is not a distressed seller of Australian coal mines.
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