Tag Archives: Mike Henry

BHP hopes productivity push can offset price slump

Michael Sainsbury As the global commodities cycle crashes with a reverberating thud, undercapitalised mining and energy companies are collapsing, mines are being closed to shore up cash flows and startup projects are being put on indefinite hold. After a decade in which prices and demand seemed destined to move ever upward, the slump is now

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BHP says price to stay below $100 for foreseeable future

Michael Sainsbury Australia’s BHP Billiton, one of the world’s biggest mining companies, expects the price of iron ore to stay below $100 per metric ton for the foreseeable future, following a fall of nearly 50% this year. Two top executives from BHP Billiton, Jimmy Wilson, president of iron ore at left, and Mike Henry, president

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