Asian stock markets were mixed on Wednesday as profit-taking offset a positive lead from Wall Street overnight.» Read More
MELBOURNE Oct. 10, 2012- Standard& Poor's Ratings Services said today that it had assigned its' A+' long-term credit rating to BHP Billiton Finance Ltd.' s A $1 billion 3.75% notes due 2017. The notes are issued under BHP Billiton Finance's A $5 billion medium-term note program and are guaranteed by BHP Billiton Ltd..
*Rio cautious on impact of China stimulus. *Optimistic on China power supply for Mongolia copper mine. LONDON, Oct 9- Global miner Rio Tinto said on Tuesday it would step up cost cuts because of an uncertain near-term outlook that includes lower growth this year in China, the world's largest consumer of key commodities.
*Rio cautious on impact of China stimulus. *Optimistic on China power supply for Mongolia copper mine. LONDON, Oct 9- Global miner Rio Tinto cut its growth forecast for China and said it was stepping up efforts to cut costs, having already slashed $500 million, faced with an uncertain global outlook.
*Investors say order book of A $2 bln. By Cecile Lefort SYDNEY, Oct 9- Global mining giant BHP Billiton. They are rated AA-, which is higher than BHP's A+/ Stable/A-1 by Standard& Poor's and A1/Stable/P-1 Moody's.
SYDNEY, Oct 9- BHP Billiton Finance Ltd, the finance arm of BHP Billiton Ltd, has priced its A $1 billion five-year note at 90 basis points above the asset swap rate, IFR reported on Tuesday. The bond issue is BHP's first domestic Australian dollar bond since 2001. Joint lead managers are Australia and New Zealand Banking Group Ltd and Commonwealth Bank of Australia.
*Australian growth at risk with mining slowdown* IMF cuts China growth forecast to 7.8 pct for 2012. By Sonali Paul MELBOURNE, Oct 9- Top global miner BHP Billiton.
SYDNEY, Oct 9- The order book of global mining giant BHP Billiton's five-year bond offer is at least A $700 million and is being marketed at 95 basis points over the Australian bank bill swap rate, two fund managers looking at the offer said on Tuesday. The borrower is rated A+ by Standard& Poor's and A1 by Moody's.
SYDNEY, Oct 9- BHP Billiton Finance Limited, the finance arm of BHP Billiton Limited, on Tuesday said it had launched a new benchmark five-year Australian dollar note issue. Joint lead managers are Australia and New Zealand Banking Group and Commonwealth Bank of Australia.
Oct 8- Bhp Billiton PLC:. *Canaccord Genuity raises BHP Billiton target price to 2175 p; rating. Reuters Station users, click. 1580.
JOHANNESBURG, Oct 3- South Africa's Chamber of Mines agreed to re-open wage talks in the coal and gold mining sectors, the National Union of Mineworkers said on Wednesday, in a clear response to escalating wildcat strikes sweeping through the industry.
GLOBAL MARKETS-Dollar firms on uncertainty over Spain bailout timing. revised down its 2012 capital expenditure to around $165 million- $190 million from $300 million earlier, on concern over sluggish global coal industry, said finance director John Joseph Ramos, adding that the firm has delayed working on some infrastructure projects until the next year.
Oct 3- Skywest Airlines Ltd:. *BHP Billiton iron ore selected co as preferred vendor to provide air charter. commence with twice-daily flights between Perth and newman once a week.
Tom Price, Global Commodity Analyst, UBS, says the third quarter is traditionally a lull in seasonal production, so major mining companies have a right to be optimistic on the upcoming fourth quarter.
Michael Langford, Proprietary Trader, StreamTrading.com says the rally in the commodity markets still has plenty of room to move to the upside in the short term.
Ephrem Ravi, Head of Metals & Mining Sector, Asia Ex-Japan Equity Research, Barclays Capital believes the mining giant's cash flow over the next 3 years will be $20 billion so capital expenditure must be well budgeted.
Ephrem Ravi, Head of Metals & Mining Sector at Barclays says that markets are bullish on copper and that it is a good thing that BHP Billiton can produce more of it.
Hayden Bairstow, Head of Australian Resources Research, CLSA expects Rio Tinto to turn in strong iron ore production numbers, but he says it is key to watch the forward commentary that will be released alongside earnings in August.
Chris Kimber, Managing Director, Wealth Management, Fat Prophets says gold stocks are oversold, and even though gold will be heading higher, he won't be chasing it.
David Lennox, Resources Analyst, Fat Prophets explains why he expects Rio Tinto and BHP Billiton to report robust production numbers, despite weather disruptions and labor disputes.