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Property NewsJuly 24, 2007 BHP Billiton Ltd is heading towards another record-shattering annual profit, after posting full-year production records in copper, iron ore, nickel and a host of other products. With commodity prices still at lofty heights, propelled by continuing buoyant demand in China, the mining giant is preparing to break its annual net profit record when it reports in late August, reports Australian Associated Press.
September 25, 2006 Anglo-Australian BHP Billiton (NYSE: BHP) has avoided a strike at its Spence copper project in Chile by reaching a salary agreement with the union that had threatened to walk off the job if pay demands were not met, reports BNamericas.com.
September 18, 2006 The looming threat of a strike at BHP Billiton's Spence copper mine this month might imperil the planned start-up of the Chilean mine, potentially damaging long-term copper supply fundamentals, reports Mineweb. On Sunday, BHP Billiton asked for government mediation, which, in turn, will delay the September 20th strike at Spence until September 26. If the strike goes ahead as planned, it will be the Australian miner's second Chilean copper strike in two months.
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