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
  -2.80 -0.14% 1,989.20 1,988.60 1,989.40 2,010.50 1,984.20 2,000.50 6,806,918 16:29:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 43,970.7 17,786.5 161.6 12.2 42,013

Bhp Share Discussion Threads

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(Bloomberg) -- Oil and gas companies and the government face a bill of more than A$50 billion ($38.5 billion) to clean up offshore wells and pipelines in Australia over the next half century. So some of industry’s biggest firms are banding together to try and come up with ways to cut costs. National Energy Resources Australia, an industry-led group set up in 2016, has established the Centre of Decommissioning Australia to study how to plug old wells and decommission pipelines in a more cost-effective manner, it said in a statement Wednesday. CODA, to be based in Perth, includes oil and gas majors such as Exxon Mobil Corp., Santos Ltd. and BHP Group as well as servicing firms and research organizations like Baker Hughes Co. and Curtin University. Massive clean-up costs have long been a problem for oil companies that are prevented by regulators from turning their back on old wells, while also posing a risk for governments if firms go under or attempt to shirk their duties. The global bill to decommission offshore wells this decade is $105 billion, according to Wood Mackenzie Ltd., with Australia fourth behind the U.K., U.S. and Brazil in terms of jurisdictions where companies have the most to spend. See also: Offshore Oil’s $105 Billion Hangover Adding to Industry Woes In Australia, the liabilities for well plugging, abandonment and pipeline removal make up most of the necessary spend, with over half of the work needing to be started within 10 years, according to a NERA-commissioned report by Advisian, Worley’s global consulting business. The biggest potential cost saving, around 15% of the overall bill, is to leave all export and inter-field pipelines in place by methods such as retrenching or burying pipe ends rather than removing them, Advisian said in the report. A further 10% can be saved by adopting a collaborative approach to optimize the work schedule and make use of the latest technology, the consultant said. Flexible Framework “The regulatory framework provides flexibility for operators to demonstrate that leaving infrastructure in-situ may deliver equal or better environment and safety outcomes,” Andrew Taylor, general manager for decommissioning at NERA, said in an interview. “Some structures, such as long export pipelines, may be candidates for in-situ decommissioning,R21; he said, adding that ultimately the decision would be made by the regulators. “In response to growing decommissioning requirements as some petroleum fields deplete my department is reviewing the regulatory framework,” Minister for Resources, Water and Northern Australia Keith Pitt said in a response to questions. “This action continues to ensure protection of the environment and that facilities are safe into the future.” In the U.K., the government plans to cut decommissioning costs for offshore wells by at least 35% from a 2016 baseline by 2022, and has so far achieved reductions of 19%. Given NERA’s identified initiatives provide similar savings as the U.K., the group is confident in setting a similar goal, Taylor said. Getting rid of old energy infrastructure can often become contentious, with Canberra recently taking action against Woodside Petroleum Ltd. after it failed to comply with a plan to remove a turret mooring. The government may also tighten the rules around decommissioning after it was left footing the bill to remove an offshore oil facility following the collapse of its owner last year.
BHP & HBIS to Explore Emission Reduction Technologies in the Steel Industry that Include Hydrogen. https://fuelcellsworks.com/news/bhp-hbis-to-explore-emission-reduction-technologies-in-the-steel-industry-that-include-hydrogen/
In a research note published by Dominic O'Kane, JP Morgan advises its customers to buy the stock. The target price is increased from GBX 2310 to GBX 2510.
21 April 2021 08:30 AM Melbourne time (approximate) BHP Operational Review for the nine months ended 31 March 2021 Https://www.bhp.com/investor-centre/upcoming-events
I've added a few more charts including volumes traded, on my thread, just for interest. Useful resource to go to for commodity prices. Any requests I'll try to comply. GLA.
Added a few charts including volumes.
You go to sleep on a stock and you wake up to pleasant surprise
Rio Tinto confirms $9bn dividend in a week of bumper returns for mining shareholders MiningMajor Commodities By Andrew Fawthrop 17 Feb 2021 Rio Tinto, BHP and Glencore have each confirmed big dividends this week, as mining companies benefited from a price surge for major commodities in 2020 Rio Tinto Pilbara Cape Lambert iron ore Iron ore at Rio Tinto's Cape Lambert operation in Pilbara, Western Australia (Credit: Rio Tinto) Rio Tinto has confirmed its largest-ever annual payout to shareholders, in a week when rivals BHP and Glencore also upped their own dividends in response to solid returns across the mining industry in 2020. In total, the Anglo-Australian miner issued payments of $9bn for the full year, equivalent to 557 cents per share and 72% of its underlying earnings for the 12-month period. It includes a $5bn final ordinary dividend and a $1.5bn special dividend announced today (17 February). Rio benefited from a surge in prices for iron ore – its biggest commodity focus – during the year, buoyed by strong demand for the steelmaking ingredient in China as the country emerged first from the depths of the coronavirus downturn. Its underlying earnings from iron ore increased by 18% year-on-year to $11.4bn – accounting for more than 90% of total earnings from all product segments. “Safe and well-run operations, together with world-class assets, great people, capital discipline and a strong balance sheet, leave Rio Tinto well placed to generate superior returns for shareholders,” said chief executive Jakob Stausholm. BHP and Glencore further boost 2020 mining dividends Yesterday, rival BHP issued a $5.1bn dividend alongside its half-year results on the back of strong earnings driven by the price surge for iron ore and copper. Analysts suggest an even bigger windfall could be on the cards later in the year when the firm posts its full-year update, assuming commodity markets maintain strong performance. “Our outlook for global economic growth and commodity demand remains positive, with policymakers in key economies signalling a durable commitment to growth and signalling ambitions to tackle climate change,” said BHP chief executive Mike Henry. “These factors, combined with population growth and rising living standards, are expected to drive continuing growth in demand for energy, metals and fertilisers.” Glencore resumed its dividend with a $1.6bn payment, having paused shareholder returns in August amid uncertainty surrounding the pandemic. For the Swiss mining giant, 2020 was the last of its dividends to be paid out under the tenure of long-standing chief executive Ivan Glasenberg as he prepares to leave his role at the head of Glencore. The South African industry veteran retains a roughly 9% ownership interest in the company, however. While the impact of the pandemic caused huge disruption to global industry and commodity markets last year, diversified mining companies have been boosted by growing demand for some of their core products, like iron ore and copper, as major economies prepare to build their way out of the economic downturn with large infrastructure projects. Some analysts and financial planners, including at JP Morgan Chase, have suggested a new commodity “supercycle221; may getting underway, with crude oil also enjoying a price resurgence after a dire 12 months amid record demand loss for petroleum fuels. “Lower interest rates and high levels of government spending should both stimulate economic activity and increase demand for commodities,” noted analysts at Hargreaves Lansdowne. “Meanwhile years of financial restraint post 2015/16 mean miners haven’t necessarily spent as much as they might have on new mines. “That combination of increased demand and lower investment in new supply could be explosive for commodity prices, and excellent news for miner’s profits. “Ultimately, it’s difficult if not impossible to say with any degree of certainty which direction commodities will take. However, we certainly see an argument for miners being on track for better times ahead.” A difficult year for Rio Tinto, despite financial gains Rio Tinto reported underlying earnings of $12.4bn for 2020, up 20% year-on-year, with consolidated revenues up 3% to $44.6bn and net debt falling from $3.65bn to $664m. Yet despite the strong financial performance, it was also a damaging year for the company, which suffered a big reputational blow when it destroyed the Juukan Gorge aboriginal heritage site in Pilbara, Western Australia during a mine expansion in May. The incident prompted a parliamentary inquiry and ultimately cost former chief executive Jean-S├ębastien Jacques his job, along with two other senior executives. Newly-appointed Rio Tinto CEO Jakob Stausholm said: “It has been an extraordinary year – our successful response to the Covid-19 pandemic and strong safety performance were overshadowed by the tragic events at the Juukan Gorge, which should never have happened.” The mining company recently reshuffled its executive structure under the new boss, with a primary aim of rebuilding trust with project stakeholders following the episode. Scope 3 emissions on the agenda In today’s update, Rio outlined new targets for addressing its Scope 3 emissions – those caused by the end use of the products it sells, and the hardest to abate. It said it plans to achieve net-zero emissions from the shipping of its goods by 2050, and align with the International Maritime Organisation (IMO) goal of a 40% reduction in shipping intensity by 2030. Rio also plans to work with partners in the steelmaking sector on pathways to decarbonise the manufacturing process and invest in technologies that can advance this process. Glencore recently set its own targets for tackling Scope 3 emissions, as part of a broader push to eliminate the entirety of its carbon footprint by 2050. It confirmed in its financial update yesterday that this climate strategy will be put to shareholders for an advisory vote at its forthcoming annual general meeting in April. Carlota Garcia-Manas, senior responsible investment analyst at Royal London Asset Management (RLAM), welcomed this move, saying it “constitutes another big step in the transformation of this company and reinforces the value of shareholder engagements”. She added: “Glencore is one of a few companies leading the way” on climate action.
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BHP CEO Says Outlook for Commodities Is 'Very Positive' https://www.bloomberg.com/news/videos/2021-02-16/bhp-ceo-says-outlook-for-commodities-is-very-positive-video
Dividend up from 65 to 101 cents.
Half year results tonight
nsenergy BHP signs renewable power purchase agreement to reduce emissions from nickel refinery MiningPowerNickel By James Murray 02 Feb 2021 The world’s biggest miner said the PPA will supply up to 50% of the electricity needs for its Nickel West Kwinana Refinery's in Western Australia BHP nickel refinery The agreement, which will last 10 years, will help BHP reduce emissions from electricity use at the refinery by up to 50% by 2024 (Credit: BHP) BHP has signed a renewable power purchase agreement (PPA) to reduce emissions from its Nickel West Kwinana Refinery in Western Australia. The world’s biggest miner said the PPA will supply up to 50% of the refinery’s electricity needs from Risen Energy’s 132-megawatt (MW) Merredin Solar Farm – the largest of its kind in Western Australia. The agreement, which will last 10 years, will help BHP reduce emissions from electricity use at the refinery by up to 50% by 2024 and effectively displace an estimated 364,000 tonnes of CO2 over the life of the contract. Nickel refinery PPA is first renewable energy PPA signed by BHP in Western Australia This is the first renewable energy PPA signed by BHP in Western Australia and follows similar agreements covering its operations in Queensland in 2020 and in Chile in 2019. BHP Nickel West asset president Eddy Haegel said: “This contract will further increase the sustainability of the nickel produced by Nickel West. It will reduce the refinery’s electricity emissions by 50 per cent, diversify our energy supply, and reduce the refinery’s electricity bill. “Nickel is a future-facing commodity that is essential to creating the high performing lithium-ion batteries used in battery electric vehicles (BEV). Consequently, the demand for nickel and especially the nickel produced by Nickel West is set to grow dramatically.” Haegel claims the sustainable production of nickel is also “essential to meet this future demand” as the customers purchasing BEVs “want to know that the inputs to the manufacturing of these vehicles are also sustainable”. “Nickel West is already one of the most sustainable nickel producers in the world but has committed to significantly reduce CO2 emissions further,” he added. “This contract, combined with our high-quality nickel deposits, and our integrated value chain further improves our position as one of the lowest carbon nickel miners in the world.” Renewable PPA to contribute to BHP’s 2030 emissions target BHP said the PPA will also contribute to its medium-term, science-based target to reduce scope 1 and 2 emissions by 30% by 2030. The miner made the announcement in September last year following increased pressure on fossil fuel companies to operate in a more sustainable, environmentally-friendly manner. Reacting to BHP’s PPA agreement with Risen Energy, Bill Johnston, Western Australian minister for mines, petroleum and energy, said: “Congratulations to everyone at BHP Nickel West for taking this important step forward to reduce their operation’s carbon footprint. “BHP’s Kwinana nickel refinery is a key contributor to Western Australia’s future battery industry and is helping global efforts to decarbonise. “The McGowan government is supportive of mining and resources companies that embrace clean energy solutions.”
grupo guitarlumber
Good time to be buying a coal mine! Not sure there will be enough demand beyond 2030 to justify new facilities though
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.
grupo guitarlumber
20 January 2021 - 09:15AM Dow Jones News Print Share On Facebook BHP Flags Up to $1.25 Billion Impairment Charge BHP Group 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 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
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 Cerrej├│n 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
I'll just leave it to the markets - BHP currently 1.4% up in Oz.
hTTps://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02331900-3A559677?access_token=83ff96335c2d45a094df02a206a39ff4 ??????????? Too many moving parts - I'll have to wait for commentary.
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