The key commodity difference between RT and BHPB
continues to be BHPB
's presence in oil and gas, which represented about 20% (USD4.1 billion) of its total reported EBITDA in FY17, although this contribution has typically been higher in the past.
At the time, both BHPB
and Rio Tinto were heavily invested in countries with considerable sovereign risk owing to political and economic instability.
TMT Asia argues that BHPB
allegedly abused their position to reap illegitimate profit by manipulating the prices of freight in the relevant Capesize routes to rise to an artificially high rate, before forcing them down again.
In mid-August, BHPB
brought in contractors to take over drilling and prestripping at its Blackwater mine in Queensland, cutting a fifth of its own workforce in the process.
In the case of the Olympic Dam uranium/copper mine, the capex spend-to additional volume ratio of the previously planned expansion was high compared to other copper options available to BHPB
"The one-notch differential between Petrohawk's outstanding bonds and BHPB
reflects the bonds' unguaranteed, subordinated nature as well as the limited operational integration with BHPB
's core mining operations," Fitch explained.
En cada uno de los tres niveles altitudinales o bioclimas (BHT, BHPb
y BHPa) presentes en este gradiente se seleccionaron 2 sitios y se establecieron 5 o mas parcelas de 0,1ha por bioclima (Tabla I).
A handful of companies, including BHPB
, are attempting to reverse this process on company owned pastoral leases.
WMC, a giant Australian mining company, had led the development of the Corridor Sands project which BHPB
The proponent, now BHP Billiton (BHPB
), submitted its eight-volume, 5000 page assessment document in 1994, and a full review followed.
Don Argus, BHPB
chairman, speaking at the inauguration of a US$412 expansion on the Hillside smelter near the Natal port of Richards Bay, said that the success of his company's two southern African projects had prompted the company to seek additional opportunities.