BHP defends Borneo coal push

BHP Billiton has defended its revived push into coal mining in Borneo, saying the Indonesian government wants the tenements developed regardless of which company is involved, according to the Australian Financial Review.

BHP began mining at the Haju coking coal mine in central Borneo during the September quarter, in the first step toward what is expected to be a bigger presence in the region under its "Indomet" coal project.

AMCI says mining bargains remain elusive

AMCI, the private equity giant run by German billionaire Hans Mende, said mining companies were being oversold while cautioning that bargain deals may remain elusive as potential sellers cling to hope that coal and metal prices recover in the next few years, according to the Sydney Morning Herald.

Nicole Hollows was appointed AMCI chief executive for Australia and south-east Asia in February 2014 but has kept a low profile since, scouring the market for possible acquisitions.

BHP CEO says London listing is good for Australia

BHP Billiton CEO Andrew Mackenzie has warned that collapsing the resources giant's London listing would prevent it from being a truly global company, arguing the dual listed structure not only gave management better access to capital markets, but was in Australia's national interest, according to The Australian Financial Review.

Mackenzie gave a robust defence of the strategic and financial rationale for the Dual Listed Company structure and rejected speculation the main reason the board had persisted with the UK listing was because it was too costly and complicated to unwind.