BHP annual profit jumps 33 percent, misses forecast

The company's shares have lost over 40% of their value since it first listed in 2011 on the London Stock Exchange.

The company now expects earnings before interest, tax, depreciation and amortization, which is a more closely watched metric than net income in the steel industry, to be between $6bn and $7bn.

Energy and mining industries, hammered by a commodity slump, are poised to be the biggest beneficiaries of looser Canadian foreign-takeover rules.

Steelmaking raw material now up 28.7% from decade lows hit last month.

BHP Billiton shareholders have overwhelmingly voted in favour of the South32 demerger, a spin off that creates Australia’s third-largest mining company.

We've come a long way.

Miners in Canada’s most western province remain under pressure, as prices for some key commodities, mainly coal and copper, have continued to fall.

The mines ministry has missed an April deadline to ask courts solve the issue of whether companies may claim they meet black-ownership quotas if shareholders have sold their stakes.

Mick Davis hasn't spent a cent of his $6bn, but private money and non-mining players' share of M&A has already doubled in less than three years.