Bhp Share Discussion Threads

[waldron] 14/7/2020 16:48

Iron Ore 105.59 +0.98(0.93%)
Gold COMEX 1,812.90 +0.44%
Silver COMEX 19.58 -1.08%
Platinum NYMEX 835.00 -1.29%
Copper COMEX 2.93 -0.90%
Brent Crude Oil NYMEX 43.10 +2.06%
Gasoline NYMEX 1.25 -2.63%
Natural Gas NYMEX 1.80 +0.78%
WTI 40.425 USD +2.21%


FTSE 100
6,179.75 +0.06%
Dow Jones
26,367.9 +1.08%
CAC 40
5,007.46 -0.96%
SBF 120
3,941.57 -0.96%
Euro STOXX 50
3,312.06 -1.22%
DAX
12,697.36 -0.80%
Ftse Mib
19,865.77 -0.69%




Rio Tinto
4,824.5 +1.36%



Bhp
1,717.6 +0.76%



Anglo American
1,967.4 -0.04%



Glencore
179.58 +0.66%

[florenceorbis] 14/7/2020 08:08

BHP Deutsche Bank Hold 1,650.00 - Reiterates

[waldron] 13/7/2020 17:09

Iron Ore 105.59 +0.98(0.93%)
Gold COMEX 1,811.80 +0.55%
Silver COMEX 19.67 +3.24%
Platinum NYMEX 865.40 +2.31%
Copper COMEX 2.96 +2.30%
Brent Crude Oil NYMEX 43.28 +0.09%
Gasoline NYMEX 1.28 +0.01%
Natural Gas NYMEX 1.81 -2.11%
WTI 40.545 USD +1.07%


FTSE 100
6,176.19 +1.33%
Dow Jones
26,475.77 +1.54%
CAC 40
5,056.23 +1.73%
SBF 120
3,979.78 +1.66%
Euro STOXX 50
3,350 +1.70%
DAX
12,799.97 +1.32%
Ftse Mib
20,014.74 +1.25%



Rio Tinto
4,760 +3.12%



Bhp
1,704.6 +2.39%



Anglo American
1,968.2 +2.24%



Glencore
178.4 +1.72%

[waldron] 10/7/2020 16:52

Iron Ore 105.59 +0.98(+0.93%)
Gold COMEX 1,802.10 -0.31%
Silver COMEX 19.08 +0.60%
Platinum NYMEX 852.60 -0.02%
Copper COMEX 2.89 +1.97%
Brent Crude Oil NYMEX 42.99 +1.51%
Gasoline NYMEX 1.25 +1.79%
Natural Gas NYMEX 1.86 +2.37%
WTI 40.18 USD +1.45%




FTSE 100
6,095.41 +0.76%
Dow Jones
25,909.21 +0.79%
CAC 40
4,970.48 +1.01%
SBF 120
3,914.62 +1.03%
Euro STOXX 50
3,296.22 +1.00%
DAX
12,633.71 +1.15%
Ftse Mib
19,754.71 +1.28%


Rio Tinto
4,616 +0.09%



Bhp
1,664.8 +0.25%



Anglo American
1,925 +2.14%



Glencore
175.38 +1.07%

[plat hunter] 09/7/2020 22:50

Jubilee MetalsRobust, cash-generative production from mining wasteJubilee operates several chrome-Platinum Group Metal (PGM) operations in South Africa and is constructing a zinc-lead (vanadium) plant at Kabwe in Zambia after already commissioning the copper and cobalt circuits (the ‘Sable’ refinery). The company has a growth pipeline identified and significant opportunities to find new projects in Africa (or globally); more specifically, Jubilee announced that it is looking to increase its copper (cobalt) production in Zambia aggressively to make full use of the Sable Refinery. Jubilee also owns the Tjate PGM project in South Africa, which is currently on hold. The company model is to treat its own waste materials and to supplement these with third party ores and wastes where possible. This year has been nothing if not eventful for Jubilee, but further progress and material catalysts are expected over the course of 2020. Jubilee has a high-margin business with cash on hand, and we see plenty of opportunities for Jubilee to capitalise on its robust business model through the global Covid-19 crisis and beyond. We initiate with a fair value of 11.2p/shWhat is Jubilee Metals? Jubilee operates and holds rights at three sites in South Africa for the production of chromite and PGMs: Dilokong, Inyoni and Windsor. It also owns the Sable Refinery in Zambia adjacent to the Kabwe tailings where a full copper circuit has been commissioned already producing ‘A’ grade copper cathode as well as some cobalt. Recent plans are for an aggressive copper production growth plan. There are also plans to produce zinc-lead-vanadium from the Kabwe tailings in the future.Jubilee provides exposure to low-cost PGM, chrome and copper production, with future exposure to zinc-lead (vanadium). Jubilee has a low-cost, high-margin business that capitalises on Jubilee’s experienced, technical management team which has developed innovative processing techniques to generate cash from (mainly) the waste material produced as part of the mining cycle; “the Jubilee Wayâ€?. We see Jubilee as a very cash- generative business.Momentum Jubilee has seemingly swept aside the Covid crisis and continues to grow - revenues, profit and cash. Commissioning Windsor in the second half of 2019 led to the growth in the last interim results, and we expect further growth in the second half of the year as full exposure to Windsor comes through in the numbers. There will also be an initial contribution from Sable in Zambia with a significant increase in copper and cobalt production expected next year.Growth Jubilee is on a compelling growth trajectory. Firstly, we see growth from organic projects (e.g. transfer of fine-chrome technology from Dilokong to its other sites) and the installation of a zinc-lead (vanadium) circuit (in stages at Kabwe); not to forget (or underestimate) the impact of the aggressive expansion for copper production in Zambia. This is all before any business opportunities that might arise post Covid-19 in South Africa.Critical metals, prices for PGMs still high, copper rebounding The price of PGMs, although volatile, is still high. Jubilee has an operating cost of $550/oz PGM (4E) and with current spot prices generating a net basket price of ~$1200/oz this is a high-margin, cash- generative business. In Zambia, we anticipate a gross margin of $2m for each 1kt copper produced â€" a margin which we expect to improve as production increases.WHI View Jubilee is a high margin business with a growing production profile in a high- price environment with further growth projects and an experienced management team distinguishing, in our opinion, Jubilee from many companies in the sector. We initiate with a fair value of 11.2p/sh based on a forward looking cash flow analysis suitably risked for stage.WH Ireland Limited.

[waldron] 09/7/2020 17:19

Iron Ore 104.61-0.42(-0.40%)
Gold COMEX 1,808.00 -0.54%
Silver COMEX 19.00 -0.84%
Platinum NYMEX 849.70 -3.65%
Copper COMEX 2.84 +0.60%
Brent Crude Oil NYMEX 42.57 -1.64%
Gasoline NYMEX 1.24 -2.20%
Natural Gas NYMEX 1.86 -0.32%
WTI 39.825 USD -2.52%


FTSE 100
6,049.62 -1.73%
Dow Jones
25,635.4 -1.66%
CAC 40
4,921.01 -1.21%
SBF 120
3,874.77 -1.27%
Euro STOXX 50
3,261.17 -0.76%
DAX
12,489.46 -0.04%
Ftse Mib
19,536.93 -1.82%


Rio Tinto
4,612 +0.00%



Bhp
1,660.6 -1.28%


Anglo American
1,884.6 +0.57%


Glencore
173.52 +0.38%

[plat hunter] 09/7/2020 08:09

Jubilee MetalsRobust, cash-generative production from mining wasteJubilee operates several chrome-Platinum Group Metal (PGM) operations in South Africa and is constructing a zinc-lead (vanadium) plant at Kabwe in Zambia after already commissioning the copper and cobalt circuits (the ‘Sable’ refinery). The company has a growth pipeline identified and significant opportunities to find new projects in Africa (or globally); more specifically, Jubilee announced that it is looking to increase its copper (cobalt) production in Zambia aggressively to make full use of the Sable Refinery. Jubilee also owns the Tjate PGM project in South Africa, which is currently on hold. The company model is to treat its own waste materials and to supplement these with third party ores and wastes where possible. This year has been nothing if not eventful for Jubilee, but further progress and material catalysts are expected over the course of 2020. Jubilee has a high-margin business with cash on hand, and we see plenty of opportunities for Jubilee to capitalise on its robust business model through the global Covid-19 crisis and beyond. We initiate with a fair value of 11.2p/shWhat is Jubilee Metals? Jubilee operates and holds rights at three sites in South Africa for the production of chromite and PGMs: Dilokong, Inyoni and Windsor. It also owns the Sable Refinery in Zambia adjacent to the Kabwe tailings where a full copper circuit has been commissioned already producing ‘A’ grade copper cathode as well as some cobalt. Recent plans are for an aggressive copper production growth plan. There are also plans to produce zinc-lead-vanadium from the Kabwe tailings in the future.Jubilee provides exposure to low-cost PGM, chrome and copper production, with future exposure to zinc-lead (vanadium). Jubilee has a low-cost, high-margin business that capitalises on Jubilee’s experienced, technical management team which has developed innovative processing techniques to generate cash from (mainly) the waste material produced as part of the mining cycle; “the Jubilee Wayâ€?. We see Jubilee as a very cash- generative business.Momentum Jubilee has seemingly swept aside the Covid crisis and continues to grow - revenues, profit and cash. Commissioning Windsor in the second half of 2019 led to the growth in the last interim results, and we expect further growth in the second half of the year as full exposure to Windsor comes through in the numbers. There will also be an initial contribution from Sable in Zambia with a significant increase in copper and cobalt production expected next year.Growth Jubilee is on a compelling growth trajectory. Firstly, we see growth from organic projects (e.g. transfer of fine-chrome technology from Dilokong to its other sites) and the installation of a zinc-lead (vanadium) circuit (in stages at Kabwe); not to forget (or underestimate) the impact of the aggressive expansion for copper production in Zambia. This is all before any business opportunities that might arise post Covid-19 in South Africa.Critical metals, prices for PGMs still high, copper rebounding The price of PGMs, although volatile, is still high. Jubilee has an operating cost of $550/oz PGM (4E) and with current spot prices generating a net basket price of ~$1200/oz this is a high-margin, cash- generative business. In Zambia, we anticipate a gross margin of $2m for each 1kt copper produced â€" a margin which we expect to improve as production increases.WHI View Jubilee is a high margin business with a growing production profile in a high- price environment with further growth projects and an experienced management team distinguishing, in our opinion, Jubilee from many companies in the sector. We initiate with a fair value of 11.2p/sh based on a forward looking cash flow analysis suitably risked for stage.WH Ireland Limited.

[waldron] 08/7/2020 17:12

Iron Ore 105.03 +1.99(1.89%)
Gold COMEX 1,822.80 +0.85%
Silver COMEX 19.12 2.71%
Platinum NYMEX 882.00 +2.67%
Copper COMEX 2.82 +0.77%
Brent Crude Oil NYMEX 43.04 +0.37%
Gasoline NYMEX 1.28 +0.42%
Natural Gas NYMEX 1.89 -2.83%
WTI 40.895 USD +1.35%

FTSE 100
6,156.16 -0.55%
Dow Jones
25,894.48 +0.02%
CAC 40
4,981.13 -1.24%
SBF 120
3,924.69 -1.20%
Euro STOXX 50
3,286.09 -1.18%
DAX
12,494.81 -0.97%
Ftse Mib
19,890.25 -0.61%


Rio Tinto
4,612 +0.92%



Bhp
1,682.2 +1.99%



Anglo American
1,874 +1.75%



Glencore
172.86 -0.99%

[florenceorbis] 08/7/2020 07:20

BHP Group BHP.AX , world's biggest miner, jumps nearly
1% and hits its highest level since June 17

[waldron] 07/7/2020 16:55

Iron Ore 103.04 +1.50(1.46%)
Gold COMEX 1,807.40 +0.75%
Silver COMEX 18.65 +0.30%
Platinum NYMEX 862.00 +2.70%
Copper COMEX 2.80 +0.74%
Brent Crude Oil NYMEX 43.36 +0.67%
Gasoline NYMEX 1.27 +2.41%
Natural Gas NYMEX 1.99 +4.97%
WTI 40.765 USD +0.30%



FTSE 100
6,189.9 -1.53%
Dow Jones
26,102.98 -0.70%
CAC 40
5,043.73 -0.74%
SBF 120
3,972.4 -0.75%
Euro STOXX 50
3,325.49 -0.87%
DAX
12,616.8 -0.92%
Ftse Mib
20,027.63 -0.02%









Rio Tinto
4,570 +0.44%


Bhp
1,649.4 -0.95%



Anglo American
1,841.8 -0.99%



Glencore
174.58 -0.32%

[waldron] 06/7/2020 17:36

Iron Ore 101.54 +2.60(2.56%)
Gold COMEX 1,794.20 +0.39%
Silver COMEX 18.61 +1.64%
Platinum NYMEX 840.00 +1.72%
Copper COMEX 2.77 +1.93%
Brent Crude Oil NYMEX 43.19 +0.86%
Gasoline NYMEX 1.24 -0.07%
Natural Gas NYMEX 1.85 +2.84%
WTI 40.615 USD +0.58%

FTSE 100
6,285.94 +2.09%
Dow Jones
26,158.29 +1.28%
CAC 40
5,081.51 +1.49%
SBF 120
4,002.46 +1.50%
Euro STOXX 50
3,350.03 +1.91%
DAX
12,733.45 +1.64%
Ftse Mib
20,055.45 +1.67%


Rio Tinto
4,550 +2.05%


Bhp
1,665.2 +1.76%


Anglo American
1,860.2 +1.37%


Glencore
175.14 +3.22%

[loganair] 04/7/2020 17:34

The best bet in the base metals rally - The prices of key industrial metals have been enjoying a spectacular rally:


The prices of key industrial metals have been enjoying a “spectacular rally”, says Buttonwood in The Economist. Copper has jumped by about 25% since the start of April, while iron ore has delivered 12% gains for the year to date.

Commodity bulls have China to thank for this rapid recovery, says Buttonwood. Steel blast furnaces were running at 92% capacity in the first week of June, which is above normal levels. For all the talk of the Middle Kingdom’s shift to a consumer economy, the authorities seem happy to use the old method of stoking a construction boom when a round of stimulus is needed.

Iron ore has emerged in recent years as the world’s “second most important commodity behind oil”, say Julien Hall And Fiona Boal in the Financial Times. The S&P GSCI Iron Ore index has more than tripled over the last seven years while many other metals have stalled. Now more liquid futures markets are making the steel ingredient easier than ever to trade. That makes iron ore an attractive “proxy” investment for those wishing to bet on the Chinese manufacturing sector without buying in directly. The current metals rally is also being driven by supply constraints, says Myra Saefong in Barron’s. Mine closures in pandemic-hit Latin America mean less iron ore and copper reaching global markets. Yet copper prices may struggle now amid a highly uncertain few months ahead for the global economy, says Johann Wiebe of Refinitiv.

[waldron] 03/7/2020 17:01

Iron Ore 97.71-1.23(-1.26%)
Gold COMEX 1,787.30 +0.02%
Silver COMEX 18.34 +0.41%
Platinum NYMEX 823.80 -0.45%
Copper COMEX 2.72 -1.04%
Brent Crude Oil NYMEX 42.74 -0.07%
Gasoline NYMEX 1.25 +0.45%
Natural Gas NYMEX 1.80 +1.07%
WTI 40.18 USD -0.07%

FTSE 100
6,157.3 -1.33%
Dow Jones
25,827.36 +0.36%
CAC 40
5,007.14 -0.84%
SBF 120
3,943.47 -0.75%
Euro STOXX 50
3,294.38 -0.77%
DAX
12,528.18 -0.64%
Ftse Mib
19,677.74 -1.05%


Rio Tinto
4,458.5 -1.90%


Bhp
1,636.4 -1.56%

Anglo American
1,835 -2.01%



Glencore
169.68 -1.67%

[waldron] 02/7/2020 16:54

Iron Ore 98.94 +0.93(0.94%)
Gold COMEX 1,790.60 +0.64%
Silver COMEX 18.37 +0.49%
Platinum NYMEX 829.20 -0.87%
Copper COMEX 2.74 +0.27%
Brent Crude Oil NYMEX 42.64 +1.67%
Gasoline NYMEX 1.24 +1.96%
Natural Gas NYMEX 1.77 +1.60%
WTI 40.145 USD +1.62%

FTSE 100
6,240.36 +1.34%
Dow Jones
25,969.35 +0.91%
CAC 40
5,049.38 +2.49%
SBF 120
3,973.24 +2.42%
Euro STOXX 50
3,320.09 +2.95%
DAX
12,608.46 +2.84%
Ftse Mib
19,878.78 +2.83%


Rio Tinto
4,545 +2.18%


Bhp
1,662.4 +2.13%


Anglo American
1,872.6 +2.62%


Glencore
172.56 +3.02%

[florenceorbis] 02/7/2020 07:52

Deutsche Bank Hold down from 1,750.00 to 1,650.00 Downgrades

[waldron] 01/7/2020 17:41

Iron Ore 98.01-4.94(-5.04%)
Gold COMEX 1,773.70 -1.36%
Silver COMEX 18.22 -2.26%
Platinum NYMEX 828.20 -2.71%
Copper COMEX 2.73 +0.20%
Brent Crude Oil NYMEX 41.93 +0.62%
Gasoline NYMEX 1.21 -0.64%
Natural Gas NYMEX 1.72 -3.96%
(WTI) 39.745 USD +0.51%

FTSE 100
6,157.96 -0.19%
Dow Jones
25,825.94 +0.05%
CAC 40
4,926.94 -0.18%
SBF 120
3,879.44 -0.12%
Euro STOXX 50
3,228.45 -0.37%
DAX
12,260.57 -0.41%
Ftse Mib
19,304.88 -0.36%


Rio Tinto
4,448 -2.22%


Bhp
1,627.8 -1.61%



Anglo American
1,824.8 -2.39%

[loganair] 01/7/2020 11:01

J.Hambro GFG Alliance - People need a solid currency = Gold with Copper and Iron Ore are the commodities to be in.

[waldron] 30/6/2020 17:02

Iron Ore 102.95-0.11(-0.11%)
Gold COMEX 1,798.80 +0.82%
Silver COMEX 18.57 +2.77%
Platinum NYMEX 846.20 +1.98%
Copper COMEX 2.72 +1.00%
Brent Crude Oil NYMEX 41.68 -0.33%
Gasoline NYMEX 1.22 +1.89%
Natural Gas NYMEX 1.73 +2.30%
WTI 39.67 USD +0.32%


FTSE 100
6,169.74 -0.90%
Dow Jones
25,598.78 +0.01%
CAC 40
4,935.99 -0.19%
SBF 120
3,884.04 -0.10%
Euro STOXX 50
3,240.4 +0.01%
DAX
12,310.93 +0.64%
Ftse Mib
19,402.36 -0.23%


Rio Tinto
4,549 +0.24%


Bhp
1,654.4 +0.32%



Anglo American
1,869.4 +0.24%


Glencore
171.22 +0.93%

[loganair] 30/6/2020 10:03

It was excellent and skillful of management to divest BHP of their U.S. shale assets to BP and extremely poor management decision by BP to buy them from BHP.

If BHP still owned these U.S. shale assets today they would most probably be worth only half of what they sold them to BP for only a couple of year ago.

[waldron] 29/6/2020 17:11

Iron Ore 103.06-0.17(-0.16%)
Gold COMEX 1,782.50 +0.12%
Silver COMEX 18.06 -0.62%
Platinum NYMEX 828.00 +1.06%
Copper COMEX 2.69 +0.39%
Brent Crude Oil NYMEX 41.40 +1.15%
Gasoline NYMEX 1.19 +2.43%
Natural Gas NYMEX 1.71 +10.75%
(WTI) 39.045 USD +3.18%


FTSE 100
6,225.77 +1.08%
Dow Jones
25,430.34 +1.66%
CAC 40
4,945.46 +0.73%
SBF 120
3,887.81 +0.68%
Euro STOXX 50
3,240.2 +1.02%
DAX
12,232.12 +1.18%
Ftse Mib
19,470.9 +1.81%



Rio Tinto
4,538 +0.10%



Bhp
1,649.2 +0.62%



Anglo American
1,865 +1.38%


Glencore
169.64 +1.74%

[paleales] 27/6/2020 05:37

RBC Capital Markets bigger, longer bit of research pushing the gold miners