BHP Billiton, the worlds largest mining firm has posted record profits buoyed by continued increases in commodity prices. All this despite a strike at one of its major Copper mines which is responsible for 8 percent of global Copper output. Net profits for the year increased 63 percent to $10.45bn. Some in the industry...
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According to the BBC the UK has received a net influx of 1.4 million migrants over the last two years. This number accounts for the legal number of immigrants and excludes the further estimated 0.5 million illegal immigrants living and working in the country. The success of the UK economy over the last few...
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Shares across the European bourses opened cautiously this morning. With much of the turmoil of last week, the bourses are expected to progress at a slower pace this week. Data due out in the next few days from the USA on wages, inflation and retail sales will temper any sudden movements. Markets are still...
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Copper prices broke through the $8,000 mark yesterday, rising to $8,105 a tonne – a rise of 2.7 percent on the day after workers started there long predicted strike at the Escondida mine in Chile, majority owned by BHP Billiton. The Escondida mine produces about 3,500 tonnes of Copper per day, about 20 percent...
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BP has stated that repairs on the Prudhoe Bay oil field may be carried out in a phased manner to allow production to start again, though in a limited capacity. It began shutting down the oil field after discovering corrosion in some of the pipes and later announced that the shutdown would be indefinite....
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