Business News

Iron ore and coal production pushes BHP towards massive profits

BHP Billiton has posted a 31 percent increase in profit of $7.6 billion

Rio Tinto announces an increase in shareholder dividend

Rio Tinto has celebrated the news that higher iron ore prices and cost cutting helped return it to profit by raising its dividend

Cuadrilla founder sets sights on offshore shale

Dr Chris Cornelius, the founder of shale gas company Cuadrilla, plans to frack for gas in the Irish Sea

Toyota to shut Australian plant

Toyota has announced it will end car production in Australia in 2017

Galileo Resources to spread its wings

The rare earth elements (REEs) exploration and development company, Galileo Resources, is set to venture outside its focus area thanks to the purchase of a gold-copper property in the US

Anglo American celebrating a strong end to 2013

Anglo American’s iron ore and platinum businesses have each recorded year-on-year production gains for the fourth quarter of 2013

Toyota retains largest carmaker crown

Toyota remains the world’s largest carmaker by sales having sold 9.98 million vehicles during 2013

Stunning blue diamond discovered in South Africa

A 29.6 carat blue diamond has been recovered by Petra Diamonds in South Africa

Sudan extends offer of oil and gas blocks to India

ONGC Videsh, the overseas arm of Indian exploration and production giant, ONGC Limited, has been offered two oil and gas blocks by Sudan

Record production lifts Rio Tinto

Rio Tinto has reported record iron ore production levels for the fourth quarter of 2013

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