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
  -94.40 -4.8% 1,873.80 1,867.40 1,868.00 1,957.20 1,855.80 1,956.80 23,046,139 16:35:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 43,970.7 17,786.5 161.6 11.5 39,576

Bhp Share Discussion Threads

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Rio Tinto 6,074 +2.71% Bhp 2,135 +2.57% Anglo American 3,137.5 +2.25% Glencore 321.75 +4.63% A GOOD DAY FOR MINERS
BHP, Encounter enter into joint venture for Elliott copper project MiningOther CommoditiesOthers By NS Energy Staff Writer 21 May 2021 BHP has agreed to spend A$22m ($17m) over a period of 10 years to earn a 75% interest in the Australian project job-4131482_640(3) BHP, Encounter to jointly develop Elliott copper project. (Credit: Tumisu from Pixabay.) BHP has entered into a farm-in and joint venture agreement with Encounter Resources for the Elliott copper project in the Northern Territory in Australia. The joint venture will undertake an exploration programme including seismic surveys and drilling. Under the farm-in and JV agreement, BHP has agreed to spend A$22m ($17m) over a period of 10 years to earn a 75% interest in the project. Encounter managing director Will Robinson said: “Copper sourced from sedimentary-hosted deposits is one of the fastest growing sources of high-grade copper in the world. Encounter controls an extensive first mover portfolio of copper projects in the Greater McArthur Superbasin in the NT. “The potential for this region to host large sedimentary-hosted copper deposits is rapidly emerging and we are delighted to be teaming up with BHP to apply leading edge technologies in the search for Tier 1 copper deposits at Elliott. “The outcomes of the jointly designed validation program at Elliott have been illuminating and bolstered the potential for the discovery of large sedimentary-hosted copper deposits under shallow cover in the NT.” In September 2020, BHP has reached an agreement with Encounter to obtain the option to enter the joint venture following the completion of the jointly designed validation programme for the project. With the programme establishing further support for the potential of Elliott, BHP has now exercised its option to enter into an earn-in and joint venture agreement. The work programme included the compilation, interpretation, modeling and integration of new and existing data packages at Elliott including seismic, airborne EM, magnetics, gravity, gechemistry and hydro-geochemistry. Covering more than 4,500km2, the Elliott project is located 200km north of Tennant Creek on the Stuart Highway which runs along the western margin of the project. It was the first project secured by Encounter in the the Northern Territory and comprises seven tenements. It is located at a major structural intersection on the southwestern margin of the Beetaloo Basin, a part of the Greater McArthur Super basin.
BHP draws first ore from $3.6bn South Flank iron ore project MiningOther CommoditiesIndustrial Minerals By NS Energy Staff Writer 20 May 2021 The Australian iron ore project will have a production capacity of 80Mtpa 210519_SF1IR BHP achieves first production from the South Flank iron ore project. (Credit: BHP) BHP has drawn the first ore from the $3.6bn South Flank iron ore project in the central Pilbara region in Western Australia. The achievement comes nearly three years after sanctioning the open-cut mining project in June 2018. With a production of 80 million tonnes per annum (Mtpa), the South Flank project is expected to fill the void created after the retirement of the Yandi iron ore mine, which has been producing since 1991. Owing to its autonomous-ready fleets, digital connectivity, and modular design, the South Flank iron ore project is considered to be the most technically advanced iron ore mine in Western Australia. According to BHP, South Flank alongside the existing Mining Area C with a combined production of 145 million tonnes of iron ore each year will create the largest operating iron ore hub in the world. The project involved the expansion of the existing infrastructure at Mining Area C. It produces from the Grand Central, Vista Oriental, and Highway deposits. As part of the project, BHP and its partners built an 80Mtpa crushing and screening plant, an overland conveyor system, train loading facilities, stockyard, procured a new mining fleet, and carried out substantial mine development and pre-strip work. BHP Minerals Australia president Edgar Basto said: “South Flank is Australia’s largest new iron ore mine in over 50 years and is on time and on budget. South Flank’s high quality ore will increase WAIO’s average iron ore grade from 61 to 62 per cent, and the overall proportion of lump from 25 to 30-33 per cent. “The project has created more than 9000 direct and indirect jobs during construction, and will provide more than 600 operational roles through its life.” Basto added that South Flank’s ore will cater to the global steel markets for the next 25 years. BHP holds a stake of 85% in the South Flank iron ore project and is partnered by Itochu (8%) and Mitsui (7%). In March, the company announced that start of the process to seek approval to extend operations of the Mt Arthur Coal mine in Australia by another 19 years till 2045.
the grumpy old men
Profiling the world’s top five copper mining countries in 2020 Features & AnalysisMiningMajor Commodities By NS Energy Staff Writer 20 May 2021 Two South American countries dominate global copper mining as demand for the metal is expected to grow significantly over the coming years Escondida copper mine Chile - BHP The Escondida project in northern Chile is the world's largest copper mine (Credit: BHP) The largest copper mining countries in the world have an increasingly important role producing a metal that underpins major global industries and will be a crucial ingredient of the transition to a low-carbon energy system. Due to its high thermal and electrical conductivity, copper is used widely in construction, engineering and electronics manufacturing, while its malleable properties make it particularly suited to use in wiring. As the global energy system integrates a greater share of renewable technologies and electrified processes, demand for the reddish-gold metal is expected to grow rapidly to build the batteries, motors, power cables and many other applications that will characterise modern energy infrastructure. The International Energy Agency (IEA) has suggested world copper demand could double over the next 20 years as the pace of electrification grows, with clean energy applications potentially accounting for 45% of overall demand. There are currently around 250 copper mines in operation in nearly 40 countries, with global production – estimated by the US Geological Survey at 20 million tonnes in 2020 – 30% higher than it was just 10 years ago. Estimated worldwide reserves stand at around 870 million tonnes, almost a quarter of which are located in Chile. Largest copper producing countries in the world by 2020 mining production 1. Chile – 5.7 million tonnes Chile is the clear leader among the world’s largest copper producing countries, with 5.7 million tonnes of the metal mined in 2020. The South American country is home to the biggest copper reserves worldwide, estimated at around 200 million tonnes by the US Geological Survey. Some of the largest copper mines are located in Chile, including the Escondida, Collahuasi and El Teniente projects. Chilean producer Codelco ranks first among the world’s largest copper mining companies, closely followed by BHP, which jointly operates the massive Escondida mine in northern Chile. 2. Peru – 2.2 million tonnes Mining operations in Peru produced 2.2 million tonnes of copper in 2020 – a small decrease on the previous year. The country’s Cerro Verde and Antamina mines are among the world’s largest copper operations, while the Quellaveco mine being developed by Anglo American and Mitsubishi is expected to begin production in 2022, adding another substantial resource to Peruvian copper activities. Peru’s mining industry was badly disrupted by the coronavirus pandemic in 2020, but analysts have forecast a strong rebound, with production expected to grow as high as 3.1 million tonnes by 2024. 3. China – 1.7 million tonnes China mined an estimated 1.7 million tonnes of copper in 2020, placing it third on the list of the world’s largest copper producing countries. The Chinese economy is the biggest global consumer of the metal, and imports large volumes to supplement its own domestic production. Jiangxi Copper is one of the country’s major producers, operating the key Dexing copper mine in China’s Jiangxi Province. copper mining countries Trucks at the Katanga copper mine in Democratic Republic of Congo (Credit: Glencore) 4. Democratic Republic of Congo – 1.3 million tonnes An estimated 1.3 million tonnes of copper were mined in the Democratic Republic of Congo (DRC) during 2020. The country is perhaps better known as being the runaway leader among the world’s top cobalt producing countries, but copper mining often takes place alongside its cobalt operations and is a significant industry for the African nation. Swiss miner Glencore has established a strong presence in the DRC, and mines both copper and cobalt at its Katanga and Mutanda mining operations in the Katanga Province. The Kamoa-Kakula Copper Project, a joint venture led by Ivanhoe Mines and Zijin Mining, is a major copper mining asset currently under development in the DRC expected to add significant new potential to the country’s industry. 5. United States – 1.2 million tonnes Copper mining is a significant business in the US, and in 2020 an estimated 1.2 million tonnes of the metal were unearthed. Arizona is the top-producing state in the country, accounting for around three-quarters of domestic output, followed by Utah, New Mexico, Nevada, Montana and Michigan. A major joint venture between BHP and Rio Tinto, known as Resolution Copper, is currently planned for Arizona that could become one of the country’s largest copper mines – but there is currently uncertainty over the project’s future due to a controversial land-swap deal opposed by Native American groups.
the grumpy old men
BHP Chief Executive Mike Henry forecasts a positive outlook for world commodity markets, tied to solid global economic growth as well as technical and fiscal challenges in finding and developing new mines, according to prepared remarks for an industry conference. Here are some comments from the speech: On the commodities outlook: "The outlook for our commodities is compelling. Government stimulus and pro-growth agendas, which are expected to remain in place for an extended period, are anticipated to lead to robust growth, a lift in inflation and solid demand for mineral resources and oil and gas. This is occurring at a time when our industry's capital discipline and decline in exploration success over a number of years means there are fewer high-quality growth projects in the industry pipeline to meet this demand." On the impact of climate policies: "The drive to more rapidly decarbonize the globe may also accelerate demand for many of the products we produce. A growing number of governments are committing to tackling climate change with greater ambition and are cooperating to do so. A transition to a world where warming is limited to no more than 1.5 degrees above pre-industrial levels is positive for BHP and would allow us to create significant value." "In a Paris-aligned scenario, we expect a more than doubling of the amount of primary copper and a quadrupling of the amount of primary nickel demand over the next 30 years, as was produced over the last 30. Demand for steel will almost double on this basis, and potash will be vital for more efficient agricultural practices. And as the shift to cleaner energy sources occurs, the world will still need oil and gas to power mobility and everyday life on its pathway to decarbonization. The world is going to need more supply of some commodities in order to continue to grow and to make the transition to cleaner energy." On the sustainability of commodity supply: "There is though an obvious tension between the world's need for more resources and the need to make the world more sustainable: both for people and for the environment. It is essential that both are achieved. Growing demand must be met ever more sustainably. This requires alignment between resources companies like BHP, investors and society on how best to navigate this tension. Better alignment will enable the transition to be achieved more sustainably, quickly and cost effectively. Conversely, a lack of alignment will result in poorer sustainability outcomes, and slower and more costly progress on the energy transition." Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com (END) Dow Jones Newswires May 18, 2021 04:36 ET (08:36 GMT)
Australian Stocks Set First Record High Since Pandemic Began 10 May 2021 - 11:42AM Dow Jones News By Stuart Condie SYDNEY--Australia's recovery from the coronavirus pandemic has passed another milestone with its benchmark share index closing at a record high, its first in 15 months. The S&P/ ASX 200 index lifted 1.3% to 7172.8 on Monday after another rise in iron-ore prices drove demand for shares in miners including BHP Group Ltd. and Rio Tinto PLC. The index beat its previous record of 7162.5 set on February 20, 2020, and continued a comeback that began on March 24 last year when the index had languished below 4550. For investors, it hasn't been a smooth ride. Early in the pandemic, Australia's economy was exposed to a rapid slowing in global demand that threatened its exports of industrial commodities such as iron ore and coal. Investors had to navigate trade tensions with China, which followed Australian Prime Minister Scott Morrison's call for an international investigation into the origins of Covid-19, and the impact of Australia's border closure on tourism and education. However, Australia's success in crushing the coronavirus--it has recorded fewer than 30,000 cases since the pandemic began--and the central bank's lowering of interest rates to record lows as part of its pandemic response made equities increasingly attractive. The economy has also emerged from recession with its fastest growth rebound in 70 years, helped by government stimulus programs. Overseas moves have further helped to stoke demand for Australian equities. China's investment in infrastructure to drive its own economic recovery has pushed prices of iron ore, Australia's top export, to a record high above $200 a metric ton. Accelerating vaccine rollouts in the U.S. and Europe have fueled a greater appetite for risk. The best performing sector of 2021 so far has been finance, which is the Australian share market's largest by market capitalization. The sector rose 0.6% on Monday and is up 18% so far this year, compared with a near 16% rise for materials. Banking stocks had been among the worst hit as the pandemic roiled global markets. Financial stocks fell 9.0% in 2020 as investors worried that Australia's first recession since 1991 would lead to a sharp increase in customers defaulting on loans. VanEck Australia's head of investments and capital markets, Russel Chesler, said fears about a rise in bad debts when federal government stimulus payments ended had been overdone and this was now being reflected in the performance of banking stocks. "Until recently, everybody was really worried about the banks and what effects the pandemic was going to have on them, where they'd given people holidays from their repayments and the like," Mr. Chesler said. "I think from the results we have been seeing, the banks have actually come out of it really well and the economy's going well." Westpac Banking Corp., National Australia Bank Ltd., and Australia and New Zealand Banking Group Ltd.--three of Australia's four biggest retail banks--last week reported upbeat results after earlier setting aside too much money as a buffer against the pandemic's impact. Global government bond yields have also risen this year, which typically means banks can make higher profits on the loans they extend. "I still believe there's upside there," said Mr. Chesler, who thinks Australian equities could outperform U.S. stocks over the remainder of the year. The broad-based S&P 500 took six months to make back the 35% it lost in the early weeks of the Covid-19 pandemic, closing at a fresh record in August 2020 and hitting new highs regularly ever since. The ASX 200 declined by roughly the same amount as the S&P 500 but had only clawed back about 60% of its pandemic-related losses by August. Worsening relations with China, Australia's largest trading partner, were among the reasons. Australian exporters of barley and wine have been targeted by higher Chinese tariffs and coal traders have also faced restrictions, although the dispute so far hasn't affected iron ore, which China needs to make steel. On Monday, miners Rio Tinto added 4.6%, Champion Iron Ltd. rose 5.4% and Fortescue Metals Group Ltd. surged 7.9% as the materials sector put on 3.4% overall. The benchmark price for iron ore, with a 62% iron content, surged to a record high of $212.75 a ton on May 7, according to S&P Global Platts. As in the U.S., investors are starting to wonder whether tech stocks are overvalued. The ASX 200's tech sector added 56% in 2020 amid the Covid-driven boom in e-commerce, but it is 2021's worst performer with a 12% fall. Mr. Chesler, who manages VanEck's Australian ETFs, said the bulk of client investment was still going through into equity funds. "With interest rates being at such low levels, we haven't seen any big movement away from equities into fixed income," he said. Write to Stuart Condie at Stuart.Condie@wsj.com (END) Dow Jones Newswires May 10, 2021 06:27 ET (10:27 GMT)
the grumpy old men
Rio Tinto 6,770 +3.60% Bhp 2,418 +3.44% Anglo American 3,434.5 +1.57% Glencore 329.45 +2.08%
62% Fe hit 212.1 USD on Friday , at these record prices the dividend is likely to be increased again next time around , possible special Divi announced too. I seem to remember that the cost per tonne for the company for Iron ore was around the 9 to 10 dollar mark, the profit margin at the moment is ridiculous, long may it continue.
Copper is ‘the new oil’ and low inventories could push it to $20,000 per ton, analysts say Published Thu, May 6 202112:37 AM EDT Elliot Smith @ElliotSmithCNBC Key Points In a note Tuesday, Bank of America commodity strategist Michael Widmer highlighted inventories measured in tons are now at levels seen 15 years ago. Given the fundamental environment and the depleted inventories, Widmer said copper may spike to $13,000/t in the coming years after recently notching $10,000 for the first time in a decade. David Neuhauser, founder and managing director of U.S. hedge fund Livermore Partners, told CNBC that copper is “the new oil.”
Rio Tinto 6,408 +4.74% Bhp 2,306 +4.99% Anglo American 3,270.5 +6.29% Glencore 309.9 +4.63%
grupo guitarlumber
BHP draws first oil from $500m Ruby Project, offshore Trinidad Oil & GasUpstreamOffshore By NS Energy Staff Writer 05 May 2021 The offshore oil and gas project is slated to be completed in Q3 2021 Ruby release photo The Ruby Project is contained in the shallow water in Block 3(a). (Credit: BHP) BHP and its partner The National Gas Company of Trinidad and Tobago (NGC) have achieved production of first oil from the $500m Ruby Project, located offshore Trinidad and Tobago. The milestone comes ahead of schedule, less than two years after BHP had sanctioned the offshore oil and gas project in August 2019. The company’s investment share in the oil and gas project is $283m. The Ruby Project is located in the shallow water in Block 3(a) within the Greater Angostura Field. The offshore development is nearly 45km off the north-eastern coast of Trinidad. It involves oil and gas production from the Ruby and Delaware reservoirs through five production wells and a gas injector well, which are tied back into already established operated processing facilities. BHP said that drilling and completion works at the Ruby field are in progress. Subsequent wells are slated to be brought into production in Q2 and Q3 2021. The offshore oil and gas project is anticipated to be completed in the third quarter of this year. Under a contract announced in early 2020, McDermott International has been responsible for providing subsea umbilicals, risers, and flowlines (SURF), transportation, and installation for the project. Following its completion, the Ruby Project is estimated to produce up to 16,000 gross barrels of oil per day and 80 million gross standard cubic feet of natural gas per day. The offshore field has 13.2 million barrels of oil and 274 billion cubic feet of natural gas in estimated recoverable 2C Resources. BHP petroleum president Geraldine Slattery said: “The start-up of Ruby represents continued development of BHP’s oil and gas production facilities in Trinidad and Tobago, re-enforces the quality of the resource and its investment competitiveness. “An Ocean Bottom Node (OBN) seismic survey acquired by BHP and the Block 3(a) partners in 2018, was utilised to illuminate and optimally position the Ruby Project development wells. This marks a significant milestone for our Petroleum business and our future in Trinidad and Tobago.” BHP is the operator of the Ruby development with a stake of 68.46%, while NGC holds the remaining stake of 31.54%.
Dominic O'Kane from JP Morgan retains his positive opinion on the stock with a Buy rating. The target price is still set at GBX 2640.
BHP Group Ltd., the world's largest mining company by market value, on Wednesday reported a 4% fall in third-quarter iron-ore output, alongside a 9% drop in copper production and a 7% lift in petroleum volumes. Here are some remarks from that report: On Chile copper mines: "For the nine months to March 2021, our Chilean assets continued to operate with a substantial reduction in their operational workforces as a result of Covid-19 restrictions. The operating environment across our Chilean assets is expected to become more challenging in the June 2021 quarter, given escalating Covid-19 infections, increased pressures on Chile's health system and border restrictions. Reductions in our on-site workforce are forecast to remain substantial." On iron-ore output: "Western Australia Iron Ore production increased by 3% to a nine-month record 187 million tons, reflecting record production at Jimblebar and strong performance across the supply chain, with improved train cycle times and car dumper performance and reliability. This record performance was achieved despite significant weather impacts in December 2020, January 2021 and February 2021, and the planned Mining Area C and South Flank major tie-in activity. Commissioning activities for South Flank are expected to commence in the June 2021 quarter." On projects: "We are reliably executing our major projects, bringing on new supply in copper, petroleum and iron ore. The Spence Growth Option and Samarco are ramping up and West Barracouta, in Petroleum, started production this month. First production from Petroleum's Ruby project is expected in the coming weeks and South Flank, with its higher grade and lump proportion, is on track to begin production in the middle of the year." On coal production: "At Queensland Coal, strong underlying operational performance, including record stripping at BMA and record production at Goonyella, was offset by significant wet weather impacts across most operations and planned wash plant maintenance at Saraji and Caval Ridge in the first half of the year. At South Walker Creek, production decreased despite record truck and shovel stripping in the March 2021 quarter, as a result of higher strip ratios due to ongoing impacts from geotechnical constraints and lower yields." Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com (END) Dow Jones Newswires April 20, 2021 19:48 ET (23:48 GMT)
SYDNEY--BHP Group Ltd. said it will likely produce more copper than expected this fiscal year but less coal, as it reported a 4% fall in third-quarter iron-ore output because of bad weather and maintenance. The world's No. 1 miner by market value on Wednesday raised its annual production forecast for its copper division, despite quarterly output falling by 9% in the three months through March compared with a year earlier, to 391,400 metric tons. BHP said the Escondida mine in Chile has been running better than anticipated even as it operates with a substantially slimmed-down workforce because of pandemic restrictions. The miner raised its full-year copper guidance to 1.535 million-1.660 million tons. It had previously forecast annual output of 1.510 million-1.645 million tons. Expectations of stronger output prompted BHP to lower its mining-cost estimate at Escondida for the fiscal year. It now expects unit costs of between $0.95 and $1.10 a pound versus an earlier forecast of $1.00-$1.25 a pound. Grappling with weather-related disruptions in Australia, BHP said it produced 59.9 million metric tons of iron ore during the three-month period, down 4% year-on-year. Still, iron-ore output was up 4% to 188.3 million tons for the first nine months of its fiscal year versus the same period a year earlier, helping the miner to benefit from a surge in the iron-ore price to an almost-decade high. The company kept its annual iron-ore production forecast unchanged, at 245 million-255 million tons, although it said output is likely to be in the upper half of that range. The miner downgraded its guidance for metallurgical coal output, to 39 million-41 million tons from 40 million-44 million previously, citing weather-related disruptions in Australia. It consequently raised the unit-cost guidance for its Queensland Coal business to $74-$78 a ton, from an earlier estimate of $69-$75/ton. BHP also cut its annual guidance for energy coal production to 18 million-20 million tons, from 21 million-23 million tons previously. That was related to weather disruptions, as well as lower than expected volumes at the Cerrejón mine in Colombia. Chief Executive Mike Henry said major projects were progressing well, including the Ruby oil-and-gas project in Trinidad and Tobago, which was ahead of schedule and on budget. "First production from Petroleum's Ruby project is expected in the coming weeks and South Flank, with its higher [iron ore] grade and lump proportion, is on track to begin production in the middle of the year," he said. Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com (END) Dow Jones Newswires April 20, 2021 19:39 ET (23:39 GMT)
I understood this was a negotiating tactic. Surprised if they have actually filed that there hasn't been a RNS from BHP
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