Australia shuts its biggest iron ore port on cyclone threat
Port Hedland handles vast volumes of iron ore from all major miners including BHP Group, Rio Tinto Group, and Fortescue.
BHP Billiton played down speculation it was in talks to acquire a cornerstone stake that could be worth $10.3 billion (A$9.8 billion) in Australia’s largest oil and gas firm, Woodside Petroleum, from Royal Dutch Shell (RDSa.L: Quote).
BHP Billiton, widely rumoured to be considering a takeover of Woodside, said in a short statement that there was no basis for the market talk, which has centred on BHP acquiring Shell’s 24.3 percent stake as a step toward a full takeover.
