Bhp Share Discussion Threads

[makinbuks] 14/4/2021 16:10

I understood this was a negotiating tactic. Surprised if they have actually filed that there hasn't been a RNS from BHP

[waldron] 07/4/2021 10:52

Berenberg's research confirms his advice and maintains his neutral opinion on the stock. The target price is increased from GBX 2000 to GBX 2200.

[grupo guitarlumber] 23/3/2021 16:19

Release Time IMMEDIATE
Date 23 March 2021
Release Number 03/21



Early redemption of EUR1,250,000,000 4.750% Subordinated Non-Call 5.5 Fixed Rate Reset Notes due 2076 issued by

BHP Billiton Finance Limited (ISIN: XS1309436753) (the "Notes")

BHP announces that it has today given notice to the holders of the Notes that it will fully redeem all of the Notes outstanding on 22 April 2021 (the "Redemption Date") in accordance with Condition 6.2 of the Notes. The Notes shall be redeemed at their outstanding principal amount plus any accrued but unpaid interest to (but excluding) the Redemption Date and any outstanding Arrears of Interest (without double counting).

Following redemption, the Notes will be cancelled pursuant to Condition 6.6 of the Notes.

Words and expressions used in this notice shall, unless defined herein or the context otherwise requires, have the same meaning as in the terms and conditions of the Notes.

Further information on BHP can be found at: bhp.com

[gateside] 22/3/2021 22:25

Dividend pay day tomorrow :-)

[waldron] 09/3/2021 19:18

(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.

[maywillow] 05/3/2021 07:42

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.

[waldron] 26/2/2021 19:24

21 April 2021

08:30 AM Melbourne time (approximate)

BHP Operational Review for the nine months ended 31 March 2021

[chopsy] 25/2/2021 14:56

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.

[chopsy] 25/2/2021 14:53

Added a few charts including volumes.

[undervaluedassets] 22/2/2021 15:07

You go to sleep on a stock and you wake up to pleasant surprise

[grupo guitarlumber] 18/2/2021 13:22

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-Sébastien 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.

[letsmakesome] 16/2/2021 21:55

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

[smicker] 15/2/2021 21:47

Dividend up from 65 to 101 cents.

[podgyted] 15/2/2021 10:20

Half year results tonight

[gibbs1] 03/2/2021 14:35

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.”