BHP Billiton and Petrohawk Energy Corporation (Petrohawk) have entered into a definitive agreement for BHP Billiton to acquire Petrohawk. As per the agreement, BHP Billiton will purchase Petrohawk for USD 38.75 per share by means of an all-cash tender offer
SAIL intends to bring in professional global mining firms to operate its Chiria and Rowghat iron ore mines and the high grade coal blocks at Tasara. The company is looking for major mining companies who can offer the latest mining techniques with the least amount of waste and best environmental practices at Rowghat and Tasara. Big companies such as Rio Tinto and BHP Billiton could be expected to bid for these projects.
The partners of Samarco have approved the USD 3.5 billion Fourth Pellet Plant Project at Samarco, Brazil. The expansion will increase Samarco iron ore pellet production capacity by 8.3 million to 30.5 million tns/yr. First pellet production is expected in the first half of calendar year 2014. The investment includes additional mining capacity and a third concentrator at the Germano mine
The German Federal Cartel Office (FCO) announced that it will prohibit the anticipated joint venture of BHP Billiton and Rio Tinto in western Australia.