Commodity-linked companies led gains, with global miner BHP Billiton up 0.9% and Rio Tinto up 1.5%.
But BHP Billiton said it thought shrinking commodities demand would stabilise in 2013, including from China.
The most recent Mad Dog well was drilled by Australian mining giant BHP Billiton.
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The list includes Anglo American, Aquila Resources, BHP Billiton, Macarthur Coal, Rio Tinto, Vale, and Xstrata.
The company competes with other international Aluminum giants like Rusal, Rio Tinto, BHP Billiton and Chalco.
Australian mining giants BHP Billiton fell 2.5 percent and Rio Tinto Ltd. shed 2.1 percent.
Mr Albanese's decision to rebuff BHP Billiton's advances has also tarnished his dealmaking credentials.
Among the stocks he likes are BHP Billiton, Eurasian Natural Resources, Rio Tinto and Vedanta Resources.
Mining giant BHP Billiton has announced that its chief executive Marius Kloppers will retire in May.
The tax was highly unpopular with mining companies such as Rio Tinto and BHP Billiton.
Behemoth basic material miner BHP Billiton, (NYSE:BHP) previously rebuffed in their attempt to acquire Potash Corp.
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Traders are now focused on the likelihood of a bid from Australian mineral producer, BHP Billiton.
Over the last month, Vale shares have underperformed in rivals BHP Billiton (BHP) and Rio Tinto (RIO).
Rio Tinto is also fighting off a hostile takeover proposal from BHP Billiton, - the world's largest miner.
Australian miner BHP Billiton has reported a sharp drop in annual profits, due in part to weaker commodity prices.
Gilbertson is a big dealmaker who helped forge BHP Billiton into a behemoth.
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It competes with other international mining and natural resources companies like Vale, BHP Billiton and the Rio Tinto group.
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The companies have said BHP Billiton would be headquartered in Melbourne and have a significant management centre in London.
Europe's mining sector was down 2.1%, with BHP Billiton diving by 6.3% and Rio Tinto giving back 5.0% in London.
Australia's Parliament passed a mining tax on companies that operate in the country, which include BHP Billiton and Rio Tinto.
Other majors, like BHP Billiton and Rio Tinto, fared better, but still ended the year in negative territory.
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Exxon owns a 32.5% stake in the Kipper field and has a 50:50 partnership with BHP Billiton in the Turrum field.
Pittsburgh-based Alcoa, the largest aluminum producer in North America, competes with other aluminum giants like Rio Tinto and BHP Billiton.
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Also potentially available are Chip Goodyear, the former chief executive of BHP Billiton, and Alex Vanselow, another former BHP Billiton executive.
In all probability at this point, major funding partners like a BHP Billiton (NYSE:BHP) or Rio Tinto (NYSE:RIO) will step up.
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Meanwhile, BHP Billiton, the mining company, formally dropped its hostile bid for Candaian fertilizer company PotashCorp, after failing to secure regulatory approval.
Vale is down 9.23%, underperforming the index, and its biggest competitors Rio Tinto and BHP Billiton by at least 500 basis points.
Michael Yeager, CEO of BHP Billiton Petroleum pointed out at the conference.
Same for commodity sensitive industrials like Caterpillar (CAT) and BHP Billiton (BHP).
Think Vodafone, HSBC, Shell, Rio Tinto, BHP Billiton, Diageo and so on.
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