BHP Billiton (NYSE:BHP) Mulling Over Sale of Coal Operations in Australia’s Queensland State – BHP, VALE, RIO, AA

BHP Billiton Limited (ADR) (NYSE:BHP) reported on Thursday that it is mulling over sell of its Gregory crinum coking coal operations in Australia’s Queensland state, after ending one of the mines at the site previous year because of falling commodity prices and high operating outlays.

A spokesman reported in an emailed statement that the Melbourne, Victoria based mining company is also investigating ways in which it can keep the mining complex and more broaden its mine life.

The BHP spokesman announced that the alliance close up the Gregory open pit at the operation previous year, but the Crinum underground mine has remained open and remains profitable and viable, despite weak coal prices.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Vale SA (ADR) (NYSE:VALE) rose +1.71% to settle at $20.19, Rio Tinto plc (ADR) (NYSE:RIO) moved up +1.23% to end at $57.49 while Alcoa Inc. (NYSE:AA) jumped +0.56% to finish at $8.96 on Wednesday.

BHP Billiton Limited (ADR) (NYSE:BHP) on Feb 06, 2013 decreased -0.10% to the closing price of $77.85. The overall volume in the last trading session was 1.45 million shares. Its fifty two weeks range was $59.87 – $81.87. The total market capitalization remained at $125.01 billion.

BHP is ahead of its 52-week low with 32.36% and lagging behind from its 52-week high price with -3.05%. BHP’s last month’s stock price volatility remained 0.95%. In its share capital BHP has 2.66 billion outstanding shares, among them 2.66 billion shares have been floated in market exchange. BHP’s stock’s institutional ownership remained 4.54%.

The stock price of BHP is moving forward from its 20 days moving average with 0.12% and remote positively from 50 days moving average with 2.11%. BHP’s current year’s earnings per share experienced a downfall of -32.44% while its current quarter performance remained at 8.23%. Company’s beta coefficient included 1.48. Beta factors measure the amount of market risk associated with market trade.

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