Reuters - World number one miner BHP Billiton Ltd./Plc. said its quarterly iron ore output had recovered after cyclones, but warned of flat crude oil and condensate output in fiscal 2007 and spiraling project costs.

Reuters - Underperforming U.S. aluminum giant Alcoa is ripe for takeover, and analysts see Australian resource companies BHP Billiton and Rio Tinto as likely predators.