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BHP Bhp Group Limited

2,275.00
18.00 (0.80%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bhp Group Limited LSE:BHP London Ordinary Share AU000000BHP4 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  18.00 0.80% 2,275.00 2,278.00 2,278.50 2,286.50 2,264.50 2,286.00 1,147,582 16:35:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 54.19B 12.92B 2.5513 17.39 224.66B
Bhp Group Limited is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker BHP. The last closing price for Bhp was 2,257p. Over the last year, Bhp shares have traded in a share price range of 2,157.00p to 2,707.00p.

Bhp currently has 5,064,408,782 shares in issue. The market capitalisation of Bhp is £224.66 billion. Bhp has a price to earnings ratio (PE ratio) of 17.39.

Bhp Share Discussion Threads

Showing 1001 to 1016 of 1900 messages
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DateSubjectAuthorDiscuss
25/1/2021
11:37
Good time to be buying a coal mine! Not sure there will be enough demand beyond 2030 to justify new facilities though
makinbuks
23/1/2021
09:51
Vale targets coal exit as it prepares sale of Moatize mine in Mozambique

MiningCoal

By Andrew Fawthrop 21 Jan 2021

The Brazilian miner will acquire a partner's 15% share in Moatize coal mine, ahead of a planned divestment of the entire project and its associated infrastructure
mining truck 2

Japanese firm Mitsui has sold its interests in the venture back to Vale for a nominal fee

Vale has taken its first step towards exiting the coal market, striking a deal that will advance the sale of its Moatize mine in Mozambique.

The Brazilian miner agreed to acquire a 15% stake in the venture held by Japanese trading company Mitsui for a token fee ($1), as well as Mitsui’s interests in the Nacala Logistics Corridor (NLC) being constructed to service the mine – with a view to consolidating both operations ahead of a future sale.

The agreement anticipates Mitsui’s exit from the project can be completed this year, after which Vale will begin searching for a “third party interested in those assets”.

It added it will maintain “operational continuity” during this process, supporting the project’s ramp-up and keeping commitments to various stakeholders, including local labour and resettlement agreements.


Vale says mine upgrades will allow Moatize to produce 18 million tonnes of coal per year by 2022

Moatize is Vale’s largest venture in the coal sector, and has been operational since 2011.

In 2017, Mitsui paid $690m for the 15% interest in the mine, as well as a 50% interest in the NLC project to provide port and rail infrastructure.

Vale is currently implementing upgrades at the facility, which it expects will increase production rates to 15 million tonnes per year in the second half of 2021 and 18 million tonnes per year by 2022.

The combined mine and infrastructure assets have outstanding debt totalling $2.5bn, which Vale says it will reclassify to financial expenses, debt amortisation and sustaining capital.

“Future refinancing of the project finance and simplification of the structure will lead to potential annual savings of approximately $25m,” the company said in statement.

Analysts suggest Vale may look to Chinese buyers to offload the venture, according to reports, given the ongoing trade tensions between Beijing and Australian coal exporters.


Mining majors increasingly looking to a coal-free future

The move underscores a growing shift away from coal assets among the world’s biggest mining companies, as the fossil fuel is gradually phased out of the global energy mix, and investors increasingly demand environmental commitments from corporate leadership.

Vale said the planned divestment is “in line with the focus on its core businesses and ESG agenda, committed to becoming carbon-neutral by 2050 and reducing 33% of its Scopes 1 and 2 emissions by 2030”.

BHP has confirmed similar plans to divest its coal-producing assets, including the huge Mount Arthur mine in Australia – and yesterday confirmed a writedown of $1.15bn-$1.25bn on its New South Wales Energy Coal unit as it seeks to offload the venture.

Anglo American plans to divest its South African thermal coal operations by 2023, while Rio Tinto has already completed its coal exit, selling the last of its coal mines in 2018.

Glencore recently pledged an extensive decarbonisation agenda, although says “responsible stewardship” and reduction of its coal portfolio will be the priority, rather than a rush to abandon all of its coal assets.

florenceorbis
20/1/2021
06:41
BHP Group Ltd. Wednesday reported a 6% increase in first-half iron-ore production, but said metallurgical coal and copper production both fell 5%. Here are some remarks from the operational report.

On petroleum:

"Total petroleum production decreased by 12% to 50 million barrels of oil equivalent. Guidance for the 2021 financial year remains unchanged at between 95 and 102 million barrels. Volumes are expected to be in the upper half of the guidance range as additional production from Shenzi, following the acquisition of a further 28% working interest, is partially offset by the impacts of significant hurricane activity in the Gulf of Mexico."

On copper:

"For the December 2020 half year, our Chilean assets operated with a reduction in their operational workforces of approximately 30% as a result of the comprehensive plan we have implemented for Covid-19. The operating environment across our Chilean assets is expected to remain challenging, with reductions in our workforce forecast to remain substantial during the March 2021 quarter."

On iron ore:

"Western Australia Iron Ore production increased by 6% to a six month record 128 million tons, reflecting record production at Jimblebar and strong performance across the supply chain, with significant improvements in car dumper productivity and reliability. This was partially offset by weather impacts and the planned Mining Area C and South Flank major tie-in activity. Production in the March 2021 quarter is expected to be impacted by planned Ore Handling Plant maintenance across the mines and continued Mining Area C and South Flank tie-in activity."

On metallurgical coal:

"Metallurgical coal production decreased by 5% to 19 million tons. Guidance for the 2021 financial year remains unchanged at between 40 and 44 million tons with a stronger second half performance projected in line with our plans. Volumes are expected to be at the lower half of the guidance range following significant wet weather impacts during the December 2020 quarter. We continue to monitor for any potential impacts on volumes from restrictions on coal imports into China."



Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com



(END) Dow Jones Newswires

January 19, 2021 18:19 ET (23:19 GMT)

grupo guitarlumber
20/1/2021
06:39
SYDNEY--BHP Group Ltd. said it produced more iron ore but less coal, copper and petroleum in the first half of its fiscal year, as it flagged an impairment charge of between $1.15 billion and $1.25 billion against an Australian coal unit.

BHP, the world's largest mining company by value, also raised its projection for annual iron-ore output following the restart of its Samarco joint venture operations with Vale SA in Brazil, which had been suspended for five years following a deadly waste-dam collapse.

The miner reported iron-ore production of 128.4 million metric tons for the six months through December, up 6% on the same period a year earlier.

The miner said it now expects to produce between 245 million and 255 million tons of iron ore in the year through June, up from an earlier forecast of between 244 million and 253 million tons.

BHP's increased output in the first half was tied to record production at its Jimblebar operation in its Western Australia mining hub, which more than offset weather-related disruptions.

Its first-half production of metallurgical coal, used in steel, totaled 19.2 million tons, down 5% on a year ago. BHP cited plant maintenance work and said it expects stronger volumes in its second fiscal half.

"We continue to monitor for any potential impacts on volumes from restrictions on coal imports into China," BHP said.

BHP downgraded its full-year output projection for energy coal, to 21 million-23 million from 22 million-24 million tons, because of a strike at the Cerrejón mine in Colombia. First-half energy coal output was down 30% year-on-year, at 8.2 million tons.

BHP said the post-tax impairment charge of $1.15 billion-$1.25 billion would be recorded as an exceptional item in relation to New South Wales Energy Coal and associated deferred tax assets.

"This reflects current market conditions for Australian thermal coal, the strengthening Australian dollar, changes to the mine plan and updated assessment of the likelihood of recovering tax losses," BHP said.

Its copper mines produced less because of pandemic-related restrictions at operations in South America, as well as some maintenance, BHP said. Copper output for the half was 841,300 tons, down 5% on a year ago.

Still, BHP said it recorded strong throughput at Escondida, the world's biggest copper mine, and that its Spence copper-mine expansion project reached first production in December.

Petroleum output was meantime down 12% year-on-year at 50.5 million barrels of oil equivalent because of natural field decline and weather disruptions in the Gulf of Mexico.



Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com



(END) Dow Jones Newswires

January 19, 2021 17:04 ET (22:04 GMT)

grupo guitarlumber
20/1/2021
00:03
I'll just leave it to the markets - BHP currently 1.4% up in Oz.
podgyted
19/1/2021
21:32
??????????? Too many moving parts - I'll have to wait for commentary.
podgyted
19/1/2021
19:58
BHP H1 operations tonight at 9:30 GMT.
podgyted
10/1/2021
11:54
Hi W - good to hear from you - hope you are well.

Best wishes for the shares in 2021 - 2020 was a bit of a rollercoaster - but it has left the UK and Europe looking undervalued IMO so I'm hoping for good things this year.

podgyted
09/1/2021
23:00
chuckle and cheers ted

welcome back into the fold

all the best for the new year but do be careful

Brexit and the virus certainly has influenced my investment strategy

only in swiss and french shares that still pay a substantial dividend i have unrealised losses galore at present

being the borne optimist i hopefuly wish to do well this year

waldron
09/1/2021
22:51
take care ted

look forward to your posts on rio although many of us are out of brexit uk shares these days

Times have changed due to brexit and covid for many of us

However many had wondered where you had disappeared especially as we seemed to get on without mishap

grupo guitarlumber
09/1/2021
22:42
I did Grupo - wasn't accidental - he was a bit obnoxious on another thread. But I understand what's gone on now - and I'll be more careful.

Thanks for that!

Back into RIO board. Just as well I maxed out on RIO and FXPO and started adding here - otherwise I'd still be bemused.

Hope all are well there/ and here - good weekend all !

podgyted
09/1/2021
19:03
podgyted
9 Jan '21 - 12:00 - 846 of 846

RIO THREAD STILL MISSING YOU

WHAT HAPPENED

DID YOU FILTER CHRISTH BY ACCIDENT

grupo guitarlumber
09/1/2021
10:46
20 January 2021

08:30 AM Melbourne time (approximate)

BHP Operational Review for the half year ended 31 December 2020

grupo guitarlumber
08/1/2021
20:09
Rio Tinto
6,310 +0.00%



Bhp
2,221.5 +0.91%



Anglo American
2,823 +0.14%



Glencore
276.45 -0.75%

waldron
01/1/2021
13:49
20 January 2021

08:30 AM Melbourne time (approximate)

BHP Operational Review for the half year ended 31 December 2020

grupo guitarlumber
31/12/2020
14:08
Rio Tinto
5,470 -1.30%



Bhp
1,925 -1.77%


Anglo American
2,424.5 -0.74%



Glencore
233 -1.52%

waldron
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