Bhp Share Discussion Threads

[waldron] 10/1/2020 17:37

Iron Ore 93.56 USD -0.01(-0.01%)
Gold COMEX 1,560.70 +0.41%
Silver COMEX 18.15 +1.17%
Platinum NYMEX 986.20 +1.46%
Copper COMEX 2.81 +0.18%
Brent Crude Oil NYMEX 65.29 -0.12%
Gasoline NYMEX 1.68 +0.90%
Natural Gas NYMEX 2.17 +1.02%
(WTI) 59.2 USD -0.54%


Rio Tinto
4,488 +0.83%

Bhp
1,782 +0.61%

Anglo American
2,165 +0.98%

Glencore
240.2 +0.73%

[grupo guitarlumber] 10/1/2020 11:22

21 January 2020

08:30 AM Melbourne time (approximate)

BHP Operational Review for the half year ended 31 December 2019


lets hope all becomes clear soon

[loganair] 10/1/2020 11:19

I do not call $1.5bln as a side line investment, even for such a large miner as BHP.

I would much prefer this money to go into more Copper investment where there is likely to be a short fall during this decade while there is an over supply of Potash which even BHP acknowledges.

I would like to see BHP get out of the Coal (Thermal Coal) used for power stations as quickly as possible as this coal is becoming more and more of a 'Stranded Asset.'

I would also like to see BHP not increase their Coking Coal (Coal used for large scale Steel production) investment as I think with in a Decade other sources will start to be used to make steel rather then Coking coal. Therefore again Coking Coal will become a 'Stranded Asset' for BHP - not yet, however could happen by 2030.

[grupo guitarlumber] 10/1/2020 10:17

BHP Provides Jansen Project Update to City Council

Category: Local News
Published: Tuesday, 17 December 2019 10:31
Written by Maury Wrubleski

Image courtesy of BHP. The Jansen Mine Project continues as company awaits board approval.

In spite of the current oversupply issue facing the potash industry, major player BHP continues to remain confident about its entry into the industry and about the prospects of its Jansen Potash Project. That’s according to Ken Smith, manager of corporate affairs for BHP, as reported at December 16th’s Humboldt City Council meeting.

Smith was on hand along with Ann Paton, corporate affairs specialist at their LeRoy office. During his presentation, Smith recapped the company’s commitment and its progress thus far. Smith also provided an update on the timing of the board’s decision-making process on proceeding with the project.

In his preamble, Smith explained that potash remained an important and attractive commodity for the company. The Jansen Project, which has been ongoing since 2010-11, was designed to see the resource giant enter into the space. The company is firmly established in iron ore, copper, coal, and petroleum. During the intervening years, the industry has witnessed a downturn in potash pricing and the market as a whole for various reasons, but Smith notes that the company’s confidence rests on its projected demand for potash throughout the next decades.

“Potash is a key link in the global food security chain, and as the global population grows and diets change, the use of agricultural fertilizer such as potash is going to be increasingly important in the years to come. By the year 2050, we anticipate that the world’s population will exceed 10 billion people, and as a result, we feel that potash supply will become increasingly important.”

The company is still on target to produce the 8.6 million tonnes annually as authorized by the government of Saskatchewan. With the shafts drilled, the excavation equipment extracted, and work continuing on the liners, BHP continues to entertain the long game at the Jansen Project site.

The main hurdle continues to be the demonstration of its board’s confidence by giving the go-ahead to the next phase that would lead to production. Smith provided City Council with that timeline.

“We anticipate a decision from the Board of Directors on the Jansen Potash Project, the first stage of 4.3 to 4.5 million per annum, to occur by February 2021. The estimated cost of the initial stage of that project is approximately 5 billion USD. At the mine site, we would expect an approximate 4 to 5 year period for the construction of the facilities to commence production.”

Smith went on to state that the first production following a positive board decision could be in approximately 5 years resulting in the first loads going out in 2026.

In the meantime, work continues on providing rail capacity via both CN and CP lines, including rail spurs to and from the mine. As well, the company continues to assess potential export facilities, the most likely candidates being at the Fraser Surrey Docks in BC and Port of Grays Harbour in Washington state.

Approximately 300 workers are currently at the Jansen Project site, mostly contractor employees, the largest of which is known as TRL, installing the final liner in the service and production shafts.

[grupo guitarlumber] 10/1/2020 10:06

thanks logan

why against potash

its just a side line it seems

unless you feel ardently against its use for fertilisers but their are many other uses

glass etc etc



DO YOU KNOW WHAT USES THEIR POTASH IS PUT TO

is the jensen not yet decided upon until feb 2021, so perhaps to please you, they will not do

Have a good one

[loganair] 10/1/2020 09:53

I think BHP increasing their exposure to Copper which is needed more and more in modern electrical technology and EV vehicles is a very positive and good move by BHP, however investing such huge amount in Potash I think in not a good move by BHP and wished they had never done so.

It seems to me BHP getting so hugely involved in Potash is similar to their investing in the fracking in the Permian Basin in the USA which I am so glad BHP got out of and in the end did not make too much of a loss on.

I would like to see BHP investing no more money in Potash and to sell their Potash investments.

[grupo guitarlumber] 10/1/2020 09:49

interesting tgom

will put that snippet in header

cheers

[the grumpy old men] 10/1/2020 09:45

letsmakesome
10 Jan '20 - 09:28 - 435 of 436
0 0 0
Anyone know why there is a huge price difference between the ASX and LSE listing?

GOOD QUESTION

The only thing i can put it down to is two companies under one roof

so we are not comparing like with like

[the grumpy old men] 10/1/2020 09:41

Corporation

BHP is a dual-listed company; the Australian BHP Billiton Limited and the British BHP Billiton plc are separately listed with separate shareholder bodies, while conducting business as one operation with identical boards of directors and a single management structure.[2] The headquarters of BHP Billiton Limited and the global headquarters of the combined group are located in Melbourne, Australia. The headquarters of BHP Billiton plc are located in London, England.[2] Its main office locations are in Australia, the U.S., Canada, the UK, Chile, Malaysia, and Singapore.[2]

The company's shares trade on the following exchanges:[82]

BHP Billiton Limited and BHP Billiton Plc were renamed BHP Group Limited and BHP Group Plc, respectively, on 19 November 2018.[83]

BHP Billiton Limited
Australia (ASX: BHP)
US (NYSE: BHP)



BHP Billiton plc
UK (LSE: BLT)
US (NYSE: BBL)
South Africa (JSE: BIL)

[letsmakesome] 10/1/2020 09:28

Anyone know why there is a huge price difference between the ASX and LSE listing?

[the grumpy old men] 10/1/2020 08:37

PROACTIVEINVESTOR



Oliver Haill

12:05 Thu 09 Jan 2020

Follow Oliver on:
viewAnglo American plc
Anglo American and Glencore tipped by Deutsche as metals demand rebounds

Deutsche Bank analysts view copper as the “best positioned metal”, while aluminium and zinc prices are expected to remain rangebound, and iron ore prices “should remain supported” in the first half
Anglo American plc -
Copper demand should be supported by a backdrop of low inventories and tight mine supply

A rebound in demand for metals in 2020 should boost the mining sector, Deutsche Bank said as it rejigged its forecasts and target prices for giants Anglo American plc (LON:AAL), Glencore PLC (LON:GLEN), BHP Group (LON:BHP) and Rio Tinto plc (LON:RIO).

Following an extended period of destocking through the past 18 months, there should be a more supportive global environment, the German bank said in a note to clients on Thursday.
READ: Sirius Minerals' Yorkshire mine is a “decent” asset for Anglo American - Barclays

Seasonal trends are also expected to remain supportive through the first quarter and valuations “remain undemanding”.

Deutsche analysts view copper as the “best positioned metal” as a year of sluggish end demand is being followed by a recovery in demand against a backdrop of low inventories and tight mine supply.

Aluminium and zinc are expected to remain range bound as supply increases this year, while iron ore prices “should remain supported” in the first half due to a heavily destocked supply chain before a fade is anticipated towards $70 from midsummer as supply rebounds and demand slows.

Anglo and Glencore remain ‘buy’ rated and the analysts top picks, with the former offering a “compelling medium term growth and re-rating story”, while Glencore has been the laggard for two years in a row and was given a slightly higher target price of 275p, up from 270p.

Analysts do not expect an extension of the buybacks at either company, though Anglo expected to top up the ordinary dividend in 2019 via either a buyback or special dividends, as it enjoys low leverage but is looking to buy Sirius Minerals (LON:SXX).

Ratings for Rio and BHP were kept at ‘hold’ as their valuations are seen as being close to fair value.

For BHP though, the arrival of new CEO Mike Henry means “the evolution of BHP's strategy will be an interesting focus area through 2020” as he overseas a large pipeline of unsanctioned and often higher risk projects across petroleum, potash and copper.

[waldron] 09/1/2020 17:05

Iron Ore 93.57 USD -1.04(-1.11%)
Gold COMEX 1,550.60 -0.62%
Silver COMEX 17.90 -1.47%
Platinum NYMEX 973.60 +1.02%
Copper COMEX 2.80 -0.34%
Brent Crude Oil NYMEX 65.37 -0.11%
Gasoline NYMEX 1.65 -0.06%
Natural Gas NYMEX 2.14 +0.19%
(WTI) 59.35 USD -0.97%


Rio Tinto
4,451 -1.09%

Bhp
1,771.2 -2.04%

Anglo American
2,144 -0.42%

Glencore
238.45 -0.56%

[waldron] 08/1/2020 17:17

Iron Ore 94.61 USD 0.88(0.93%)
Gold COMEX 1,556.80 -1.11%
Silver COMEX 18.18 -1.16%
Platinum NYMEX 962.60 -0.93%
Copper COMEX 2.81 +0.47%
Brent Crude Oil NYMEX 65.52 -4.03%
Gasoline NYMEX 1.65 -4.09%
Natural Gas NYMEX 2.11 -1.90%
(WTI) 60.01 USD -7.51%

Rio Tinto
4,500 +1.35%

Bhp
1,808 +1.30%

Anglo American
2,153 -0.32%

Glencore
239.8 +1.18%

[waldron] 07/1/2020 18:04

Iron Ore 93.73USD -0.12(-0.13%)
Gold COMEX 1,574.30 +0.35%
Silver COMEX 18.38 +1.08%
Platinum NYMEX 970.80 +0.48%
Copper COMEX 2.79 +0.05%
Brent Crude Oil NYMEX 67.88 -1.49%
Gasoline NYMEX 1.72 -1.88%
Natural Gas NYMEX 2.15 +0.75%
(WTI) 62.35 USD -0.95%


Rio Tinto
4,440 +0.23%


Bhp
1,784.8 +0.54%

Anglo American
2,160 +0.70%

Glencore
237 +0.30%

[loganair] 06/1/2020 22:08

BHP eyes India for coal growth as China demand flatlines:


Australia's largest miner, BHP, believes the long-term trajectory of the emerging economy of India and the acceleration of its steelmaking output could help offset the flattening demand from China feared in the 2020s.

Australian exporters of metallurgical coal – the coal used to make steel – are increasingly looking to the rapid growth of India's steel sector to help to fill the looming demand gap and cushion the blow.

"A lot of other markets are big but mature," BHP vice-president of market analysis Huw McKay said. "India is big but it’s barely got started."

According to projections from BHP, Indian steelmaking is on course to grow by 7 per cent a year over the 2020s.

With yearly output of more than 100 million tonnes of steel, India recently surpassed Japan to become the world's second-biggest steelmaking country.

Dr McKay said BHP's modelling had found China – which accounts for roughly half of global steel demand – was now in a "plateau" phase, while demand in other top steel markets Japan and South Korea was also subdued.

"The mature markets are sort of settling a little bit and India is coming up, filling a gap that would have emerged," he told The Age and Sydney Morning Herald.

Although India has substantial reserves of iron ore, Indian steelmakers import the bulk of their metallurgical coal due to scarce domestic production. India's government is forecasting its metallurgical coal demand to more than double in 10 years as the country plans to increase its crude steel production to 300 million tonnes by 2030.

"We don't think they will get all the way there but they will get most of the way there," Dr McKay said. "It's a big, big lift."

While forecasts of India's long-term economic trajectory are promising, growth in the past year has been much slower than many had predicted. Observers had anticipated the nation's economic growth would be strengthened by the re-election of Prime Minister Narendra Modi who demonstrated in his first term a focus on modernising the economy including through a clampdown on corruption, a simplification of the country's arcane tax system, the introduction of a goods and services tax and making India a serious destination for foreign investment.

"It hasn't really gone that way," Dr McKay said. "They won the general election, but the economy is not purring along, it is stuttering.

India's economy slowed for the sixth quarter in a row in the July-September quarter, with GDP growth dipping to a six-year low of 4.5 per cent.

[loganair] 06/1/2020 22:04

Will BHP’s share price be defined by coal in the 2020s?


The BHP Group Ltd (ASX: BHP) share price has performed strongly over the past four years, up 114%. Plus all the dividends.

But these days any business that is producing and exporting coal seems to be coming under a lot of public attention.

Coal is not BHP’s biggest division by a long shot, it’s iron ore that generates the king’s share of earnings for BHP. But coal generated US$3.4 billion of underlying earnings before interest and tax (EBIT) in FY19, which was more than copper and petroleum, although copper may reclaim its second place position in FY20.

The reason why coal could be so influential for BHP’s 2020s share price is due to climate change concerns.

Global demand for coal could fall from customers, and investors – which decide the share price – may exclude buying BHP shares because of coal for ESG reasons. Imagine if BHP divested its coal division, there could be a large increase of aggregate demand for BHP shares from investors which would boost the share price.

But if I were BHP management I wouldn’t sell the coal division today, I’d want to get a good price for the coal business. Demand from Asia for coal from countries like India is expected to rise considerably over the next 10 years as energy demand rises, which should at least support the coal price.

But compared to most other coal companies, BHP is taking more environmental action.

The company has said that it accepts its responsibility to take action on global warming and reduce its greenhouse gas emissions. One of the things it’s doing is to do new climate portfolio analysis in 2020 to outline plans to mitigate and adapt to global warming.

It has launched a five-year, US$400 million climate investment program to assist delivery of its public targets for its own operational emissions (scope 1 and 2) and to work with others across its supply chain to address scope 3 emissions that come from the transport, processing and use of its products.

The scope 3 goals will be presented in 2020 and will be designed to measure BHP’s impact and align with the goals of the Paris Agreement. BHP can’t force customers to reduce emissions, but it can work with them to reduce emissions, such as developing carbon capture utilisation and storage in industrial applications such as steel.

BHP is currently trading at 15x FY21’s estimated earnings. Iron ore is currently at a strong point in the cycle, so I wouldn’t want to buy shares right now – cycles normally change.

[waldron] 06/1/2020 17:12

Iron Ore 93.85USD 0.44(0.47%)
Gold COMEX 1,566.30 +0.90%
Silver COMEX 18.13 -0.12%
Platinum NYMEX 965.30 -2.52%
Copper COMEX 2.78 -0.13%
Brent Crude Oil NYMEX 68.87 +0.39%
Gasoline NYMEX 1.75 +0.26%
Natural Gas NYMEX 2.12 +0.52%
(WTI) 63.18 USD -0.97%

Rio Tinto
4,430 -1.64%

Bhp
1,775.2 -1.18%

Anglo American
2,145 -1.90%

Glencore
236.3 -2.21%

[waldron] 03/1/2020 18:14

Iron Ore 93.41USD 0.83(0.89%)
Gold COMEX 1,551.30 +1.52%
Silver COMEX 18.15 +0.58%
Platinum NYMEX 990.70 +0.58%
Copper COMEX 2.79 -1.42%
Brent Crude Oil NYMEX 68.20 +2.94%
Gasoline NYMEX 1.74 +2.09%
Natural Gas NYMEX 2.11 +0.62%
(WTI) 62.57 USD +2.37%

Rio Tinto
4,504 -0.50%

Bhp
1,796.4 +0.34%

Anglo American
2,186.5 -0.70%

Glencore
241.65 +0.25%

[waldron] 02/1/2020 17:19

Iron Ore 92.58USD 1.05(1.13%)
Gold COMEX 1,528.30 +0.34%
Silver COMEX 18.03 +0.61%
Platinum NYMEX 983.40 +0.57%
Copper COMEX 2.81 +0.29%
Brent Crude Oil NYMEX 65.87 -0.20%
Gasoline NYMEX 1.71 +0.92%
Natural Gas NYMEX 2.10 -2.69%
(WTI) 60.84 USD -0.83%


Rio Tinto
4,526.5 +0.52%

Bhp
1,790.4 +0.77%

Anglo American
2,202 +1.33%

Glencore
241.05 +2.42%

[waldron] 02/1/2020 13:12

Optimism over China-US deal brings mining to Europe
Glencore Plc (USOTC: GLNCY)
Intraday Stock Chart

Today: Thursday, January 2, 2020
More Glencore Plc Stock Market Charts


PARIS (Agefi-Dow Jones) - Mining stocks listed on European markets benefit from optimism regarding the Sino-American trade talks on Thursday after the President of the United States, Donald Trump, announced on Tuesday that the signing of the "phase 1" trade agreement with China would take place on January 15 at the White House. The easing of the monetary policy of the People's Bank of China (PBOC) is also giving a boost to this sector, which is very sensitive to the health of the Chinese economy. In Paris, Aperam gained 4%, ArcelorMittal 2.1% and Eramet 2%. In London, Anglo American takes 1.2%, Antofagasta 2.8%, BHP 1.4% and Glencore 3%. ([e-mail]) ed: LBO


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


January 02, 2020 06:21 ET (11:21 GMT)

[waldron] 31/12/2019 15:46

Iron Ore 91.52 USD -0.03(-0.03%)
Gold COMEX 1,526.30 +0.51%
Silver COMEX 18.04 +0.22%
Platinum NYMEX 984.40 +1.97%
Copper COMEX 2.81 -0.92%
Brent Crude Oil NYMEX 65.93 -1.11%
Gasoline NYMEX 1.70 -1.56%
Natural Gas NYMEX 2.16 -1.05%
(WTI) 60.98 USD -1.02%


Rio Tinto
4,503 -0.09%

Bhp
1,776.8 -0.75%

Anglo American
2,173 +0.09%

Glencore
235.35 -0.84%