Tag: BHP

Prospects, a blog from BHP

Yes, it’s kind of promoting competition, but a new blog has been launched by BHP. The  new blog – PROSPECTS – was launched almost two months ago (yes, I have been busy working on already late reports). The blog may be visited at: bhpbilliton.com/prospects.

BHP Billiton launched Prospects, a blog series, to provide insights on global trends relevant to our business and our stakeholders.

The blog will offer views on economics, commodities outlook and individual markets, and broader issues such as policy, governance and our social contribution.

Prospects provides an avenue to contribute to debates that are important to BHP Billiton. It will also feature interactive information profiling each of the Company’s commodities, geographic markets and market segments by industry and use.

The first two Prospects topics available today are “Does China have too much debt?” and “Electric vehicles – why all the noise?” are written by Vice President of Analysis and Economics, Dr Huw McKay, based in Singapore.

(http://www.bhpbilliton.com/investors/news/bhp-billiton-launches-prospects-blog)

Hope you find it useful.

SAMARCO DAM FAILURE IN MARIANA (MINAS GERAIS, BRAZIL) – Latest information

There is not a final casualty number arising from the failure of two tailings’ dams of the Alegria iron mine. The mine, owned by SAMARCO – a BHP and VALE joint venture, is located in the region of Mariana – Ouro Preto (Minas Gerais, Brazil). Workers at the site are reported dead or missing (some sources refer one confirmed dead, 13 missing). Bento Rodrigues and other localities downstream of the accident were flooded by mud – there still is no information on victims there (images from these sites suggest likely human casualties).
The effort and attention is now directed to help those affected by this accident and to assess its full impact. The material released to the affected hydrographic basin is mostly composed by silica, a inert material according to SAMARCO’s latest report.  Minuto Mais published aerial footage of the affected area in their Facebook page.
There is no explanation for the failure of the dams, SAMARCO’s worst crisis – SAMARCO’s CEO quoted in Valor Econômico, a Brazilian publication. SAMARCO issued two reports; VALE and BHP issued statements (VALE; BHP).
The accident has been widely reported in international specialised – Mining Journal – and economic media – Financial Times and Wall Street Journal.