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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
  -18.80 -1.1% 1,685.80 1,686.20 1,687.00 1,698.60 1,681.40 1,689.80 393,771 08:46:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 34,888.9 11,855.2 126.3 13.2 35,605

Bhp Share Discussion Threads

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DateSubjectAuthorDiscuss
03/8/2019
23:06
ALL ABOARD THE NICKEL TRAIN: Nickel's medium term outlook is bright, driven by an expected boom in electric vehicle sales and a move towards nickel-rich batteries that can store more energy, giving a longer drive between charges. Demand for nickel from the battery supply chain is expected to double to 400,000 tonnes by 2025 from 200,000 tonnes this year, according to Wood Mackenzie, which is around 8 percent of the current global nickel market. In the short-term, however, an end to some of China's EV subsidies in June has dampened demand throughout the EV battery supply chain, particularly for lithium. BHP's new production, which is equivalent to 22,000 tonnes of nickel or 100,000 tonnes of sulphate, will add around 11 percent to the market just as other sulphate producers also start or raise output, including Indonesia's QMB New Energy Materials, Papua New Guinea's Ramu and Finland's Terrafirme. First Quantum said this week it would restart its Western Australian Ravensthorpe nickel operations by Q1 2020 to produce a mixed hydroxide product (MHP) that is cheaper to turn into battery chemicals. BHP's Haegel, says the miner will aim to match supply with demand and would flexible in what was "a very new, a very young market". The miner was also confident it tap into its expertise in bulk products. "We think that integration is a competitive advantage, we think scale is a competitive advantage," Haegel told a briefing at the plant on Friday. QUALITY QUESTIONS: As battery makers move towards higher nickel-content cathodes, they look for extremely high purity metal. One seller of nickel sulphate, based in Asia, said that BHP's existing metal products were not first choice for his customers because they took longer to process. "BHP Nickel briquette or powder is not a first purchase option for the nickel sulphate producer in Northeast Asia... It takes more time to solvent (which leads to) less productivity and higher cost," he said. Haegel acknowledged that BHP had received similar feedback that may be related to the density of BHP's briquettes. "That hasn't stopped people buying briquettes � sales continue to grow," he said. "All I can point to is that we have had pretty exponential growth in our sales and our customers keep buying our product." Nickel West currently contributes just a fraction to BHP's profits, accounting for just $42 million of underlying earnings in the December half year, compared with $3.5 billion from iron ore. Analysts and investors said given its size and focus, the division could be a better fit for another owner if BHP chooses to revisit a sale. "By global standards, it's a very material asset in the nickel sulphide world," said Brenton Saunders of Sydney-based investment manager Pendal Group. "In the right hands, with the right cost structure it could be a great asset."
loganair
03/8/2019
22:54
More on what BHP was saying about Nickel West: Speaking at the company's nickel refinery in Kwinana on Friday Nickel West asset president Eddy Haegel said the company reviewed battery materials such as lithium and cobalt but they weren't as attractive as nickel. The move by the world's biggest bulk miner - best known for iron ore and coal - underscores its efforts to position itself for a decarbonised world, which already relies on copper, another of its core commodities. "I think it would come as no great surprise that we didn't think that [cobalt] was attractive ... because 70 per cent of it comes out of Democratic Republic of Congo and we're not in a hurry to go and invest into DRC," he said. "In the case of lithium, there's a lot of lithium in the world, it's a very widely available mineral. "There will be periods of time when supply and demand don't naturally match but we anticipate that there will be no sustainable premium in the lithium sector. "Whereas we think that's not the case with nickel. "We think that in the medium to longer term that there will be a margin that will be sticky for nickel, so we think that's an attractive commodity." The sale or shutdown of Nickel West has been on the cards for nearly a decade but in May its future seemed secure within BHP after chief executive Andrew Mackenzie indicated it was a valuable asset with high growth potential. In 2015 none of Nickel West's product went to the battery sector, now those customers gobble up 80 per cent of its output. Nickel West is hedging its success on nickel sulphate, a crystalised version of nickel favoured by battery makers. It is currently building a 100,000 tonnes per annum nickel sulphate plant in Kwinana, when it starts production next year it will be one of the biggest in the world. The original cost of the plant was $62 million but Mr Haegel confirmed it was tracking above that. He would not reveal how much the plant will cost now. Nickel West is a major partner of the $135 million battery materials research centre based in Perth. Mr Haegal said they would probably provide nickel sulphate to researchers for free so they can test how capable Australia is of making high value battery prescursor materials. "We're really excited about the work that will get conducted in that space," he said. But analysts and industry experts say it faces challenges, not least moving BHP from a high volume, low cost producer of bulk commodities to a producer of top quality chemicals demanded by battery makers, and worries about short-term demand.
loganair
02/8/2019
17:01
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore106.51 USD -5.51(-5.17%) Gold COMEX 1,457.10 +1.72% Silver COMEX 16.28 +0.59% Platinum NYMEX 851.80 +0.06% Copper COMEX 2.58 -3.40% Brent Crude Oil NYMEX 62.06 +2.58% Gasoline NYMEX 1.63 +1.99% Natural Gas NYMEX 2.10 -4.93% (WTI) 55.34 USD +1.65% Rio Tinto 4,386.5 -3.37% Bhp 1,844 -4.76% Anglo American 1,884 -3.48% Glencore 242.25 -4.79%
waldron
02/8/2019
16:18
https://www.dailymotion.com/video/x33bebj THAT WAS THE WEEK THAT WAS - 1963 - David Frost, Millicent Martin, Roy Kinnear
waldron
02/8/2019
10:55
I wonder if BHP are going to buy into a Nickle Sulfate mine as they have been buying into copper mines. Look how far electric vehicles have come in just 4 years and look how far they will go in the next 4 years with the several $100bln that the car companies are investing in electric car technology. It is good that BHP are looking to the future and future growth markets.
loganair
02/8/2019
10:39
The miner, which in 2015 considered closing the plant due to a drop in demand from the stainless steel industry, is currently building what it expects to be the world’s biggest nickel sulfate facility to serve the EV battery market directly. whow it going to be worlds biggest when does it appear in the guinness book of records
adrian j boris
02/8/2019
09:39
Are BHP looking buying a Nickle Sulfate mine like they have done with Copper? May make sense for them do to so.
loganair
01/8/2019
17:01
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 112.02USD -8.00(-7.14%) Gold COMEX 1,429.40 -0.58% Silver COMEX 16.17 -1.46% Platinum NYMEX 854.10 -2.82% Copper COMEX 2.66 -0.23% Brent Crude Oil NYMEX 63.38 -2.57% Gasoline NYMEX 1.65 -3.12% Natural Gas NYMEX 2.22 -1.51% (WTI) 56.77 USD -1.46% Rio Tinto 4,539.5 -3.37% Bhp 1,936.2 -2.42% Anglo American 1,952 -4.27% Glencore 254.45 -4.50%
waldron
01/8/2019
11:03
SYDNEY-- Rio Tinto PLC said it would pay a special dividend and raise its midyear payout, even as its first-half net profit fell because of a write-down of the value of a major copper investment in Mongolia. Rio Tinto said it would pay a $1.0 billion special dividend and raise its interim dividend to $1.51 a share from $1.27 a share a year ago, continuing a cash windfall for mining investors as the price of iron ore surges to its highest in more than five years. The world's second-biggest mining company by market value on Thursday reported a 12% rise in its first-half underlying earnings to $4.93 billion, missing the $5.16 billion median forecast of seven analysts polled by The Wall Street Journal. It was the miner's highest first-half earnings since 2014. "It is a very strong set of results," Chief Executive Jean-Sébastien Jacques said, adding that profit margins were at their highest in a decade. However, net profit fell 6% to $4.13 billion after the company wrote down its investment in the Oyu Tolgoi copper deposit in Mongolia by $800 million. Rio Tinto said last month it will take longer and cost more to finish building an underground mine at Oyu Tolgoi after early engineering work pointed to a heightened risk of rockfalls. "Right now we have a lot of uncertainty about the project," Chief Financial Officer Jakob Stausholm told The Wall Street Journal. The Oyu Tolgoi operation--one of the few big mine developments globally--will be the world's third-largest copper mine once it is completed, according to the company's projections. Miners have become much more focused on investor returns after several deals clinched at the top of the last mining cycle were much less profitable than hoped. Some investors are pressing companies to explain how they will grow production as reserves of copper to iron ore get used up. Last month, Anglo American PLC said it would buy back $1 billion in stock and raised its interim dividend by 27% as it reported a jump in half-year earnings. Rivals including BHP Group Ltd. are also expected to report bumper profits and returns this month. Cash flows have been bolstered by a boom in the global iron-ore market, as exports from the major hubs of Brazil and Australia have faced disruptions and China's steel production surged to fresh records. The price of iron ore has jumped by more than 60% since the start of 2019. Rio Tinto said its net debt totaled $4.86 billion at the end of June, down from $12.90 billion three years ago. Still, the Anglo-Australian miner hasn't been able to capitalize fully on the increase in iron-ore prices after production was hurt by bad weather in Australia's arid Pilbara region, which accounts for 60% of the world's iron ore traded by sea. Mr. Jacques said the company was struggling to maintain premium iron-ore grades for its customers after running its mines hard in recent years, and delaying some new investments. "We have operational issues, but this is mining," he said. Mr. Jacques was upbeat about the global outlook, despite U.S.-China trade frictions remaining unresolved. Beijing is responding to a slowdown in its economy with stimulus measures and that should buoy demand for iron ore and other commodities, he said. Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com (END) Dow Jones Newswires August 01, 2019 05:26 ET (09:26 GMT) $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Last month, Anglo American PLC said it would buy back $1 billion in stock and raised its interim dividend by 27% as it reported a jump in half-year earnings. Rivals including BHP Group Ltd. are also expected to report bumper profits and returns this month.
maywillow
31/7/2019
17:03
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 120.02USD -0.07(-0.06%) Gold COMEX 1,440.10 -0.12% Silver COMEX 16.42 -0.83% Platinum NYMEX 881.20 +0.99% Copper COMEX 2.67 -0.47% Brent Crude Oil NYMEX 65.03 +0.62% Gasoline NYMEX 1.86 +0.60% Natural Gas NYMEX 2.26 +5.90% (WTI) 58.44 USD +0.34% Rio Tinto 4,698 -0.65% Bhp 1,984.2 -0.66% Anglo American 2,039 -2.44% Glencore 266.45 -2.40%
waldron
31/7/2019
09:11
With a 'Special dividend also expected with the Final dividend, could be looking at a total of US$1.20 to US$1.40 dividend.
loganair
31/7/2019
08:59
Miners including BHP and Glencore PLC are also expected to report bumper profits, along with large capital returns, in August. Rob Taylor in Canberra contributed to this article. Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com (END) Dow Jones Newswires July 31, 2019 00:56 ET (04:56 GMT)
maywillow
30/7/2019
16:43
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 120.02 USD -0.09(-0.07%) Gold COMEX 1,440.20 +0.48% Silver COMEX 16.53 +0.55% Platinum NYMEX 875.00 -0.78% Copper COMEX 2.68 -1.29% Brent Crude Oil NYMEX 64.01 +0.61% Gasoline NYMEX 1.82 +0.43% Natural Gas NYMEX 2.11 -0.09% (WTI) 57.08 USD -0.04% Rio Tinto 4,725.5 +0.94% Bhp 1,997.6 +0.19% Anglo American 2,082.5 -1.44% Glencore 272.9 -0.84%
waldron
30/7/2019
06:53
MOTELYFOOL Iron ore miners tumble: Are Fortescue, BHP and Rio Tinto a buy? Lina Lim | July 29, 2019 | More on: BHP FMG RIO Dominoes falling in a row The iron ore spot price has stabilised around the US$120 per tonne mark while the S&P/ASX 200 (INDEXASX: XJO) index has just passed 6,800. This is in stark contrast to the ASX iron ore miners, which have struggled on the news that the world’s largest miner, Vale SA, would resume production at its Vargem Grade complex. This news has resulted in the following price movements in the past week: BHP Group Ltd (ASX: BHP) share price down 1.07% to $40.56 (at time of writing) Fortescue Metals Group Ltd (ASX: FMG) share price down 4.6% to $8.30 (at time of writing) Rio Tinto Limited (ASX: RIO) share price down 4% to $98.26 (at time of writing) Is this a buy opportunity? The iron ore bull run is perhaps at its cross roads as Vale SA slowly returns to form. The Brazilian miner said that the move to Vargem Grade will add approximately 5 million tonnes to annual production. We’ve known for a long time that Vale has been awaiting supreme court approval for the resumption of production at several mine sites. Last month, Vale SA received court approval to enable the full resumption of wet processing operations at its Brucutu mine. Brucutu has an annual production capacity of approximately 30 metric tonnes per annum (Mtpa) of iron ore. This represents 8% of Value’s annual output. Fast forward to today, and the Vargem decision will enable the partial resumption of dry processing operations, which will total approximately 5 Mt of additional production in 2019. If we piece together the initial statistics of the Vale disaster that resulted in a loss of approximately 90 million tonnes of an annualised supply of around 1.7 billion tonnes, it appears as though the market is very slowly coming back to equilibrium. The plateauing bullish fundamentals overshadow Fortescue’s June 2019 quarterly production report, which highlight a 22% rise in total ore shipped while citing sustained strong demand from customers. Foolish takeaway I believe the recent falls in BHP, Rio Tinto and Fortescue share price are, to some degree, a market overreaction. However, I am going to make the bold call that the top is in for ASX iron ore miners. On one hand, demand side fundamentals remain robust and the supply–demand imbalance will continue to persist in the short term. But it is evident that the market is slowly creeping back to an equilibrium and I find it highly unlikely that ASX iron ore miners will break out their old highs.
waldron
29/7/2019
16:55
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 120.02USD -0.09(-0.07%) Gold COMEX 1,419.00 -0.02% Silver COMEX 16.41 +0.08% Platinum NYMEX 880.70 +1.49% Copper COMEX 2.71 +1.08% Brent Crude Oil NYMEX 63.26 -0.17% Gasoline NYMEX 1.81 -0.73% Natural Gas NYMEX 2.11 -2.00% (WTI) 56.19 USD +0.38% Rio Tinto 4,681.5 +1.65% Bhp 1,993.8 +1.98% Anglo American 2,113 +0.71% Glencore 275.2 +1.14%
waldron
26/7/2019
17:42
Https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=BHP.L Last Signal: SELL Last Close: 1,958.00 Change: -2.80 Percent change -0.14% Signal Update Our system’s recommendation today is to SELL. The pattern finally received a confirmation because the prices crossed below the Stop Loss level which was at 2,011.50, and our valid average selling price stands now at 1,958.00. The previous BUY signal was issued on 22/07/2019, 3 days ago, when the stock price was 2,030.50. Since then BHP.L has fallen by -3.57%. Market Outlook The market changed its face while our beloved candlesticks were asleep. Though the system has not yet detected a bearish pattern, the evidence is strong enough to prompt the closing of long positions. The bearish stop loss is confirmed and a SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet. more...
waldron
26/7/2019
17:00
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 120.11 USD 0.02(0.02%) Gold COMEX 1,417.80 +0.22% Silver COMEX 16.41 -0.01% Platinum NYMEX 865.20 -1.01% Copper COMEX 2.69 -0.59% Brent Crude Oil NYMEX 63.68 +0.46% Gasoline NYMEX 1.82 -0.08% Natural Gas NYMEX 2.15 -3.50% (WTI) 56.05 USD -0.04% Rio Tinto 4,605.5 +0.66% Bhp 1,955 -0.15% Anglo American 2,098 -4.07% Glencore 272.1 -1.34%
waldron
25/7/2019
16:49
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 120.09USD -0.16(-0.13%) Gold COMEX 1,419.00 -0.32% Silver COMEX 16.52 -0.64% Platinum NYMEX 875.00 -0.69% Copper COMEX 2.72 +0.17% Brent Crude Oil NYMEX 63.77 +0.93% Gasoline NYMEX 1.83 +1.53% Natural Gas NYMEX 2.22 +0.95% (WTI) 56.48 USD +0.91% Rio Tinto 4,579.5 -0.59% Bhp 1,957.2 -0.18% Anglo American 2,188 +0.05% Glencore 276.6 -0.25%
waldron
24/7/2019
16:56
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 120.25 USD -0.17(-0.14%) Gold COMEX 1,423.20 +0.11% Silver COMEX 16.59 +0.69% Platinum NYMEX 878.20 +1.93% Copper COMEX 2.71 +0.35% Brent Crude Oil NYMEX 64.15 +0.50% Gasoline NYMEX 1.83 +0.62% Natural Gas NYMEX 2.20 -3.16% (WTI) 56.91 USD -0.25% Rio Tinto 4,606.5 -4.60% Bhp 1,960.8 -4.00% Anglo American 2,187 -3.25% Glencore 277.3 +0.64%
waldron
24/7/2019
10:52
MoneyWeek - Why I’m still bullish on oil for the long run - BHP we are not Selling - By: Dominic Frisby: Today I wanted to look at the world’s most important commodity: oil. I say it’s the most important commodity because, despite the huge advances made in alternative energy, it remains the single most important source of global power. Roughly one third of global energy comes from burning oil. Indeed, roughly 85% of global energy comes from burning hydrocarbons in some form or other. Even for something nominally clean, such as an electric vehicle, that means there is an 85% probability that the source of their energy is dirty. Let’s start with a long-term chart of oil so you can see where we are in the grand scheme of things. Oil has done well since 2016, but now it’s in no-man’s land. You can see the huge run-up in the 2000s which climaxed with oil going above $145 a barrel. Then the collapse which came with the financial crisis of 2008. (Some still maintain that the cause of financial crisis was oil going above $145.) Then we got a rebound rally, which took us back above $100 to $126 in 2011. Four years of range trading around the $100. Then the two-year collapse which began in 2014 and sent the price all the way back down below $30 by January 2016. What a buying opportunity that was! We called it the opportunity of the lustrum – a lustrum being a five-year period. Ever since then, oil has been in an uptrend of sorts, with the high coming in late 2018, at $86. Today Brent crude oil sits at $62 a barrel. We are pretty much in the middle of the long-term range and the intermediate-term range – sort of in nowhere land. Given that the high was some nine months ago, you could quite easily take the view that oil is now in an intermediate-term downtrend. Or to give it its common name, a bear market. The May high at $74 was lower than the October 2018 high at $85. And the recent rally to $67 on the back of seized oil tankers in the Middle East was lower still. Lower highs mean one thing. A bear market. Calling short-term gyrations in the oil price is little more than guess work, but I’d say there is support around $60 and $57. With the next big line in the sand at $50 – the 2018 low. In the long run, I’m bullish on oil: I’m a long-term oil bull. I think this might be some kind of bias hammered into me by experience. I grew up in the 1970s, and I recollect – albeit vaguely – the various shocks that went on. While I welcome the potential of clean energy, I think there is a lot of sophistry surrounding it. A lot of it isn’t as green as it would have you believe. A lot of the inefficiencies are masked by government subsidy. Those same subsidies have created a quagmire of lobbying and special interest groups whose goal, first and foremost, is the bounty of further subsidy. In other words, mankind is still highly dependent on oil. It remains the predominant energy source, and the dependence is not going anywhere soon. The fact that today you can buy oil for the same price you might have paid in 2005, and not far off what you might have paid in the 1980s, despite the unprecedented inflation of the money supply which has happened over the past generation, is verging on the incredible, as far as I’m concerned. Then when you consider all the oil that has been burned over the period – 93 million barrels per day is the current rate, I gather – and that the world’s fossil fuel reserves are finite, you start to think today’s prices are almost anomalous. Certainly, fracking and other technological developments have made previously uneconomic reserves economic – and boy, do we have a lot to thank those industry pioneers who brought us these new technologies for. But the paucity of major new discoveries still makes me suspect that the “peak oil” arguments that were so pronounced in the 2000s – that there world is running out of oil, basically – will one day come back and rear their head in the most brutal of fashions. If you think Britain is unprepared for a no-deal Brexit, go and take a look at how unprepared the developed world is for oil prices above $100. As I say, I think I am suffering from some kind of bias, but I maintain my fundamental case that oil at $62 is cheap, and whatever the short-term trend is – even if we were to go back below $50 – everybody should have some exposure in their portfolio. It should be a core position. The risk of not owning is greater than the risk of owning. If you’re an entrepreneur looking to make a lot of money, let me show you a way: invent an investment product that gives you proper exposure to the oil price. The conventional portfolio manager’s answer is to buy BP or Shell. The dividends are attractive, but you get very little growth when oil goes on one its runs. As for the exchange-traded funds (ETFs), I don’t like them. Those that track the oil price get hit by the vagaries of the futures markets – backwardation and contango. Those that track the companies such as the iShares Oil and Gas Exploration and Production ETF (LSE:SPOG) give you all the downside of a falling oil price and not enough of the upside. So you fall into the risk of backing individual companies, and taking on individual company risk, when what you really want is exposure to the oil price. My preferred vehicle is, oddly, not known as an oil producer, but as a miner, even though oil happens to be its single biggest product. It’s BHP Billiton (LSE: BHP). We called “buy” on it back at 700p in 2016. It’s now around 2,000p. It’s done well, and we are not selling. It does what the ETFs should do. The risk is that when metals prices take a hit, so will BHP. But until some entrepreneur comes up with a better vehicle to track the oil price, this is what I’m going with.
loganair
23/7/2019
16:51
Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 120.42 USD 0.41(0.34%) Gold COMEX 1,420.80 -0.43% Silver COMEX 16.42 +0.02% Platinum NYMEX 856.90 +0.49% Copper COMEX 2.70 -0.84% Brent Crude Oil NYMEX 63.11 -0.24% Gasoline NYMEX 1.80 +0.74% Natural Gas NYMEX 2.28 -0.74% (WTI) 56.19 USD +0.16% Rio Tinto 4,840.5 +0.47% Bhp 2,044 +0.66% Anglo American 2,262.5 +1.00% Glencore 275.9 +1.32%
waldron
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