Share Name Share Symbol Market Type Share ISIN Share Description
Bhp Group Plc LSE:BHP London Ordinary Share GB00BH0P3Z91 ORD $0.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.00 0.24% 1,696.40 1,701.20 1,702.00 1,725.00 1,698.20 1,725.00 4,278,258 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 34,886.2 11,854.3 126.3 13.6 35,829

Bhp Share Discussion Threads

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DateSubjectAuthorDiscuss
12/11/2019
18:51
Another Major Miner Turns Its Back On Coal By MINING.com - Nov 12, 2019, 11:30 AM CST Major Miner Coal Anglo American (LON AAL) could become the next top miner to walk away from thermal coal, as the commodity was barely mentioned Tuesday in a series of presentations to investors as one of the company’s main pillars of growth from 2020 and beyond. The diversified miner, which has consistently been offloading coal operations since 2014, has lowered its 2021 thermal coal target to 26 million tonnes from a previous goal of as much as 30 million tonnes. According RBC Capital Markets, Anglo should decide next year whether the controversial commodity fits into its future portfolio. The company is on a trajectory away from thermal coal and may be better off selling those assets, RBC analyst Tyler Broda said in a note to investors. “With rising ESG concerns, we would expect Anglo will divest this higher-quality and exports-focused business,” he wrote. Metallurgical or coking coal, however, does appear to be one of Anglo’s key commodities moving forward. Despite a slight production drop from 23-25 million tonnes to 22-24 million tonnes expected next year, Anglo’s metallurgical coal guidance for 2022 increases to an estimated 26-28 million tonnes. “We believe our iron ore, met coal and nickel businesses are well set to meet future demand trends,” the company’s Bulk Commodities chief, Seamus French, said in a presentation. Top mining companies have been reducing or eliminating their exposure to coal on environmental grounds. Rio Tinto (ASX, LON: RIO), the world’s second largest miner, fully exited the coal sector in March 2018, with the sale of its Kestrel coal mine in Australia to private equity manager EMR Capital and Indonesia’s Adaro Energy for $2.25 billion. Related: The Birth Of An LNG Superpower Rival BHP (ASX, NYSE:BHP) took a step in the same direction in July, revealing it had been mulling options to divest its thermal coal business, which includes assets in Australia and Colombia. Shareholders at the world’s largest mining company, however, don’t seem too keen to ditch coal. Last week, Australian investors voted against a plan that would have seen BHP leave lobby groups that promote policies at odds with the goals of the Paris climate accord. The agreement, signed in 2016 by almost 200 nations, aims at reducing emissions of planet-warming gases. Australia’s South32 (ASX, LON, JSE:S32), which spun out of BHP in 2015, is another company to have recently kissed the fossil fuel goodbye. Las week, it sold its thermal coal operations to Seriti Resources and two trusts, for 100 million rand ($6.78 million) upfront. By Mining.com
maywillow
12/11/2019
16:57
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 81.36 USD 1.06(1.30%) Gold COMEX 1,453.30 -0.26% Silver COMEX 16.71 -0.58% Platinum NYMEX 869.30 -1.28% Copper COMEX 2.65 -0.39% Brent Crude Oil NYMEX 62.26 +0.13% Gasoline NYMEX 1.61 +0.49% Natural Gas NYMEX 2.71 -0.66% (WTI) 57.02 USD +0.72% Rio Tinto 4,145.5 +0.14% Bhp 1,696.4 +0.24% Anglo American 2,025 +0.77% Glencore 245.35 -0.06%
waldron
11/11/2019
17:06
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 80.30 USD -0.06(-0.07%) Gold COMEX 1,456.40 -0.44% Silver COMEX 16.79 -0.20% Platinum NYMEX 879.80 -1.49% Copper COMEX 2.66 -0.67% Brent Crude Oil NYMEX 62.32 -0.30% Gasoline NYMEX 1.62 -0.17% Natural Gas NYMEX 2.73 -5.15% (WTI) 57.06 USD -0.05% Rio Tinto 4,139.5 -1.58% Bhp 1,692.4 -1.99% Anglo American 2,009.5 -2.66% Glencore 245.5 -3.50%
waldron
11/11/2019
06:07
MELBOURNE, Australia--BHP Group Ltd. (BHP.AU) has flagged a number of projects that could boost its oil production and help the global miner meet a supply gap that it anticipates even after demand for crude eventually peaks. In a presentation to be given to investors and shareholders in Sydney on Monday, BHP Petroleum President Geraldine Slattery said the company had a portfolio of assets and competitive growth options that are expected to generate strong cash flow and returns through the 2020s and beyond. BHP's oil and gas operations generate strong earnings margins, but it has faced criticism from some shareholders who don't see a fit between petroleum and minerals, including activist investor Elliott Management Corp. which has pushed for BHP to spin off its petroleum arm. The company last year exited its ill-fated onshore U.S. shale operations. Ms. Slattery said that if each of the oil and gas projects that BHP is involved in were to get investment approval, then the company's petroleum division could generate earnings before interest, tax, depreciation and amortization margins of more than 60% and an average return on capital employed above 15% over the next decade. That, she added, would support average annual volume growth of up to 3% between the 2020 and 2030 financial years. The growth options include a stake in the Woodside Petroleum Ltd. (WPL.AU) controlled Scarborough natural-gas field off Western Australia, Wildling in the U.S. Gulf of Mexico, Mexico's first deepwater oil development Trion and a deepwater gas discovery in Trinidad and Tobago. "In a decarbonising world, deepwater oil and advantaged gas close to established infrastructure can offer competitive returns for decades to come," Ms. Slattery said in her presentation. Over the last five years, BHP's petroleum portfolio has generated the highest Ebitda margin within the company at more than 65%. It has forecast a steady production decline from its aging base operations will be arrested for several years through the mid-2020s thanks to already approved projects like the expansion of the Mad Dog and Atlantis oil projects in the Gulf of Mexico, and output could grow from next decade if its other projects push ahead. As it now stands, BHP has forecast overall petroleum production from its operations of between 110 million and 116 million barrels of oil equivalent this financial year, a drop of as much as 9% on the year through mid-2019, and flagged output averaging about 110 million barrels over the medium term. In her presentation, Ms. Slattery said the company anticipates oil demand will be tempered in the years ahead by the electrification of transport and fuel-efficiency improvements, offset by rising living standards. Still, a supply gap of more than 50 million barrels a day could emerge by 2035 as global supply declines after several years of industry under-investment in both exploration and deepwater developments. Natural gas demand is at the same time diversifying and gaining a larger share of primary energy demand globally, with liquefied natural gas the fastest-growing fossil fuel. Woodside, which last week sharply lifted the resource estimate for the Scarborough gas field, expects a final investment decision on developing the field in the first half of next year. According to BHP, the first phase of Wildling could begin within two years and first oil could be produced from the 2023 financial year. The Trion project in Mexico could be producing from fiscal 2025 and the assets in Trinidad and Tobago continue to be assessed, but could begin production from fiscal 2027. Write to Robb M. Stewart at robb.stewart@wsj.com (END) Dow Jones Newswires November 10, 2019 19:24 ET (00:24 GMT)
misca2
08/11/2019
16:45
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 80.36 USD -2.19(-2.73%) Gold COMEX 1,467.60 +0.08% Silver COMEX 16.91 -0.62% Platinum NYMEX 895.10 -2.07% Copper COMEX 2.68 -1.61% Brent Crude Oil NYMEX 62.07 -0.35% Gasoline NYMEX 1.62 -0.44% Natural Gas NYMEX 2.85 -0.38% (WTI) 56.78 USD -0.26% Rio Tinto 4,206 -2.92% Bhp 1,726.8 -1.43% Anglo American 2,064.5 -2.02% Glencore 254.4 -1.66%
waldron
07/11/2019
16:53
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 82.55 USD -0.43(-0.52%) Gold COMEX 1,463.00 -2.02% Silver COMEX 16.98 -3.54% Platinum NYMEX 908.40 -2.50% Copper COMEX 2.71 +1.63% Brent Crude Oil NYMEX 62.50 +1.23% Gasoline NYMEX 1.63 +0.87% Natural Gas NYMEX 2.92 +0.31% (WTI) 57.36 USD +1.86% Rio Tinto 4,332.5 -0.36% Bhp 1,751.8 -0.64% Anglo American 2,107 +1.71% Glencore 258.7 +0.68%
waldron
07/11/2019
13:44
BHP Goldman Sachs Neutral Down from 1,900.00 to 1,800.00 Reiterates
adrian j boris
07/11/2019
13:37
Global mining companies are re-examining how they pay their chief executives, aiming to diminish the impact of external factors--like swings in commodity prices--that can mask a leader's true performance. At issue are big bonuses linked to total shareholder returns that can swell or shrink depending on how a company's share price performs. Miners--like companies in other sectors--say pay deals that rely too heavily on these bonuses can encourage risky behavior such as taking on big expansion projects or employing severe cost-cutting initiatives that, in some cases, take years to clean up. Instead, mining companies argue pay should be linked more closely with strategic targets, because that would better reflect what an individual executive can influence. A number of big miners including BHP Group Ltd., Rio Tinto PLC and South32 Ltd. are seeking to make changes to their executive pay plans, some starting from next year. "Mining companies' profitability, and therefore executive remuneration, is highly cyclical and strongly driven by market factors that are outside of their control," said Bill Hartnett, stewardship director at Aberdeen Standard Investments, which holds about 3.2% of BHP's London-listed stock for clients. BHP already has seen the pay for its CEO decrease in recent years. Marius Kloppers, who stepped down as CEO in 2013, earned as much as $16 million a year during a tenure that coincided with a China-led boom in prices for some of BHP's top commodities including coal and iron ore. His successor, Andrew Mackenzie, who took home a total of $3.5 million for fiscal 2019, has operated the company during a period of falling commodity prices as the world digests increasing amounts of supply from natural gas to iron ore. Messrs. Kloppers and Mackenzie declined to comment. Forecasting the cycle of commodity prices is a hazardous business. Bad weather sometimes disrupts supply, while demand for metals and minerals can rise or fall on political edicts, especially in China. Another big weakness in the current system: Building a mine or bringing an oil field into production can take longer than the time horizon for determining bonuses. That is especially the case when permits are needed from regulators or new infrastructure such as pipelines or railroads must be built. BHP's directors say linking more pay to a performance scorecard could be the answer. New stock awards would be held back for five years so that directors can be sure that management took decisions proven to create value. Those proposals were overwhelmingly accepted in final voting on the company's revamped policy at a meeting of Australian shareholders Thursday, with about 94% of holders of the U.K. and Australia listed shares agreeing to the changes. Had this policy been in place for Mr. Kloppers, he would have earned $19 million, or about 25%, less during the roughly five years through mid-2013, BHP said. Mr. Mackenzie would have earned only 2%, or $1 million, more than he has in the years since succeeding Mr. Kloppers. It might not be the last changes made by the company. Directors also plan next year to clarify and strengthen the link between performance on climate-change goals and pay, BHP said. "We are at the early stages of engagement with other major miners on their remuneration plans," said Mr. Hartnett, the fund manager, who supports BHP's proposal. Still, finding a balance that satisfies investors in different parts of the world isn't easy. Two years ago, Rio Tinto proposed replacing long-term performance share awards with restricted stock, while at the same time lowering the contribution of those long-run bonuses to the CEO's total pay packet. The proposal "was well-received in London. It was less well-received in Australia," Chairman Simon Thompson said at a shareholder meeting earlier this year. It was set aside. Rio Tinto says it is talking to investors and could try again, noting its remuneration policy must be reviewed every three years under U.K. law. "The board remains of the view that restricted stock has considerable merits in a long-term cyclical industry such as mining," the miner said. South32, which is also reviewing its pay structure, said it is hard to strike a balance that ensures it is still attractive to executives who might otherwise give the base-metals miner a pass. South32 Chief Executive Graham Kerr this year relinquished 4.7 million Australian dollars (US$3.2 million) in long-term bonuses that were part of a deal agreed when BHP spun off the business. The bonus in big part reflected a more than 40% rise in South32's share price since it began trading in 2015. "I don't think any of us expected to see South32 perform as strongly as it did over the first four years of its long-term plan," South32 Chairman Karen Wood said at an investor meeting recently. "We all felt--and by all, I'm including Graham very much in this assessment--that it would deliver an amount of money that we thought was not appropriate." Mr. Kerr was unavailable for comment. Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com and Robb M. Stewart at robb.stewart@wsj.com (END) Dow Jones Newswires November 07, 2019 08:14 ET (13:14 GMT)
adrian j boris
06/11/2019
17:03
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 82.98 USD 0.13(0.16%) Gold COMEX 1,489.30 +0.38% Silver COMEX 17.57 -0.02% Platinum NYMEX 932.20 +0.17% Copper COMEX 2.69 -0.54% Brent Crude Oil NYMEX 62.29 -1.06% Gasoline NYMEX 1.63 -1.58% Natural Gas NYMEX 2.94 +0.03% (WTI) 56.82 USD -0.40% Rio Tinto 4,348 +0.12% Bhp 1,763 -0.09% Anglo American 2,071.5 -0.72% Glencore 256.95 -0.85%
waldron
06/11/2019
08:57
Https://www.bhp.com/investor-centre/upcoming-events NOVEMBER/06/2019 | 11:00pm Annual General Meeting NOVEMBER/11/2019 | 03:00am Investor Meeting perhaps more will be known tomorrow or at the investors meeting
sarkasm
06/11/2019
08:46
Was there any mention at what price BHP was selling these commodities for? As this is what is important.
loganair
06/11/2019
06:21
Nice. That's why strong then....Good time to be signing deals given level of iron ore prices compared to previous 2 to 3 years
the white house
06/11/2019
03:57
MELBOURNE, Australia--BHP Group Ltd. (BHP.AU) said it has signed more than a dozen sales agreements with Chinese iron ore, metallurgical coal and copper customers at a big trade conference in China this week. The agreements with a range of Chinese customers cover product sales and purchases, increasing cooperative partnerships and opportunities for sharing market views, said BHP Chief Commercial Officer Vandita Pant, who attended the China International Import Expo with Australian Trade Minister Simon Birmingham, the company said Wednesday. China is the big mining company's largest market, with more than half of its products sold there. Ms. Pant said the Chinese expo has become an important event to collaborate with Chinese customers. At the expo last year, BHP signed memorandums of understanding for the potential supply of potash from the miner's Jansen project being developed in Canada. Write to Robb M. Stewart at robb.stewart@wsj.com (END) Dow Jones Newswires November 05, 2019 17:33 ET (22:33 GMT)
sarkasm
05/11/2019
17:11
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 82.45 USD -1.10(-1.33%) Gold COMEX 1,483.60 -1.82% Silver COMEX 17.55 -2.88% Platinum NYMEX 930.40 -0.88% Copper COMEX 2.70 +1.10% Brent Crude Oil NYMEX 62.79 +1.06% Gasoline NYMEX 1.65 +0.67% Natural Gas NYMEX 2.95 +1.90% (WTI) 57.12 USD +1.01% Rio Tinto 4,343 +1.14% Bhp 1,764.6 +2.43% Anglo American 2,086.5 +0.31% Glencore 259.15 +2.76%
waldron
05/11/2019
13:55
I would recommend Shell vis a vis LNG...Strong again
the white house
04/11/2019
16:57
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 82.45 USD -1.10(-1.33%) Gold COMEX 1,508.90 -0.17% Silver COMEX 18.00 -0.29% Platinum NYMEX 940.10 -1.46% Copper COMEX 2.66 +0.30% Brent Crude Oil NYMEX 62.67 +1.59% Gasoline NYMEX 1.66 +1.39% Natural Gas NYMEX 2.91 +3.78% (WTI) 57.27 USD +1.94% Rio Tinto 4,294 +3.02% Bhp 1,722.8 +2.95% Anglo American 2,080 +1.79% Glencore 252.2 +4.67%
waldron
04/11/2019
11:17
Nice couple of days. China back
the white house
02/11/2019
19:16
SYDNEY--The next boom in electric vehicles could be the world's mining fleet. From rural Canada to Australia's dusty Outback, companies are swapping out diesel-fueled drills, loaders and utility vehicles for equipment powered by lithium-ion batteries. They are looking to reduce emissions and eliminate the exhaust fumes that foul the underground air and risk miners' health. Around 35 electric vehicles are at work at Newmont Goldcorp Corp.'s Borden mine near Chapleau, Ontario, unearthing ore or ferrying workers around the site, which began producing commercial volumes in October. Newmont wants the mine to go all-electric. An electric production drill will arrive early next year, a spokesman said, and diesel haul trucks are likely to be phased out. "The Holy Grail is a haul truck," said Kirsten Rose, who oversees low-emission technologies at BHP Group Ltd., the world's largest mining company by market value. These heavy-duty trucks carry tons of ore out of the bottom of pits, and with current technology, matching the power of their diesel engines would require an enormous battery pack. BHP has been testing a light electric vehicle over the past year at Olympic Dam, Australia's largest underground mine, and this month it will add another. The company intends to expand the trial to other Australian mines. In Canada, workers planning BHP's Jansen potash project are assessing how many electric vehicles could be deployed if it goes ahead. The aim is one day to eliminate all diesel-powered machines from mine sites, Ms. Rose said. Smaller rivals are also stepping up efforts to go green. Among them, Nouveau Monde Graphite Inc. is planning an all-electric open-pit graphite mine in Quebec. At Fortescue Metals Group Ltd., one of the world's top suppliers of iron ore, CEO Elizabeth Gaines said, "We're always looking at opportunities to replace diesel." But "the technology--the battery life--isn't quite there yet for our operations," she said. The technology is advancing rapidly, but that can present another challenge: "It's like laptops," said Drew O'Sullivan, who is leading BHP's trial at Olympic Dam. "By the time you get it home, it's outdated." The purchase price is a further hurdle. Electric vehicles for use in mines cost from 40% more than to three times as much as diesel-powered ones, experts say. Proponents counter that running costs are lower. Borden's annual energy expenses should be lower by roughly US$9 million--possibly more--than a traditional mine's, the Newmont spokesman said. One factor in that: As much as 40% of an underground mine's energy costs are tied to powering giant ventilation systems to extract pollutants from tunnels. Customers and investors are pushing for global resources companies to clean up their act. With a growing focus on the social impact of investments, many big pension funds and asset managers, as well as project financiers, are pressing miners to disclose and reduce their carbon footprints. Diesel is a ripe target: It accounts for more than one-third of BHP's direct operational emissions, Ms. Rose said. Regulators may soon join in the push. In July, the mines department of Western Australia state raised fresh concerns about the health of workers who spend up to 12 hours a day guiding heavy machinery around subterranean labyrinths. "Diesel-engine exhaust is a known hazard for mining operations, especially in underground mines," said Andrew Chaplyn, the department's director of mines safety. A government committee is drawing up recommendations for the state's mines minister. Within a few years, diesel machinery will likely no longer be used at new underground mines in Australia, while being phased out at others, said Sherif Andrawes, global head of natural resources at accounting and advisory firm BDO. "I think what we are seeing now is the start of something quite big," he said. Rio Tinto PLC, the world's second-biggest miner by market value, is even studying the potential for hybrid engines on its heavy-haul railway trains. Ian Vella, who oversees rail services for Rio Tinto, is excited about the regenerative-braking aspect. "Imagine a giant battery on one of those locomotives that is taking energy from the train as it is braking, storing it, and then it can use it when it needs power on the network," he said. Still, electrifying mine fleets won't do much to cut the industry's overall emissions without a shift away from fossil fuels to renewable power for generating electricity. Some miners are moving in that direction. Last month, Fortescue struck an agreement with electricity generator Alinta Energy to help power its Chichester iron-ore production hub with solar energy, displacing roughly 100 million liters of diesel annually. Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com (END) Dow Jones Newswires November 02, 2019 05:44 ET (09:44 GMT)
adrian j boris
01/11/2019
16:50
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 83.55 USD -6.00(-7.18%) Gold COMEX 1,512.40 -0.16% Silver COMEX 18.06 -0.04% Platinum NYMEX 958.10 +2.61% Copper COMEX 2.65 +0.36% Brent Crude Oil NYMEX 60.54 +1.54% Gasoline NYMEX 1.61 +2.22% Natural Gas NYMEX 2.74 +0.33% (WTI) 55.02 USD +1.74% Rio Tinto 4,150 +3.39% Bhp 1,673.6 +2.37% Anglo American 2,043.5 +3.12% Glencore 240.1 +3.20%
waldron
01/11/2019
15:32
Back in, been a while : Donkeys years
the white house
01/11/2019
09:59
It seems to me the main driver for BHP to go for clean, Green energy to power some of their mines and plants is because in the long run is going to be cheaper then using fossil fuels....BHP are going this way as is the long run will save them money - oh! and looks good too...
loganair
01/11/2019
06:36
NOVEMBER/06/2019 | 11:00pm Annual General Meeting NOVEMBER/11/2019 | 03:00am Investor Meeting
grupo guitarlumber
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