Bhp Share Discussion Threads

[grupo guitarlumber] 12/11/2021 08:29

(MT Newswires) -- BHP Group’s (ASX:BHP) climate change plan received backing from Australian investors at the mining giant’s annual general meeting held Thursday.

Nearly 85% of investors voted for the company’s climate transition action plan, according to a Thursday news release.

BHP Group is aiming for net zero emissions by 2050 for its customers, but did not set a target due to uncertainties over technology development.

[waldron] 11/11/2021 15:50

FTSE Rises, Miners Gain as Metal Prices Head Higher

11/11/2021 | 02:18pm GMT



Miners Gain as Metal Prices Head Higher

Miners are among the FTSE 100's biggest risers as higher metal prices boost the sector.

Anglo American, Polymetal International, BHP, Glencore, Rio Tinto and Fresnillo all gain as gold increases 0.7% to $1,861.3 an ounce and silver advances 1.1% to $25.04 an ounce, while platinum and base-metal prices also rise.

"Inflation readings seem to be giving gold the strength to rally further, as the metal touches $1,860 for the first time since June," IG analyst Chris Beauchamp says.

"Commodities as a group appear to have further to run now that inflation prints have started picking up again, with no sign as yet that supply has begun to respond meaningfully."

[ariane] 10/11/2021 13:14

11 November 2021, 4:00 PM AEST

BHP Group Limited AGM 2021

[ariane] 10/11/2021 13:13

BHP extends deadline for Noront Resources offer to November 30

Wed, 10th Nov 2021 12:14

Alliance News

(Alliance News) - BHP Group PLC on Wednesday said that discussions with Australian miner Wyloo Metals Pty Ltd on its potential support for BHP's takeover of Canadian miner Noront Resources Ltd is ongoing, to the point that BHP's offer deadline has been extended.

The London and Johannesburg-listed miner has extended the deadline for its CAD0.75 per share offer to the end of November, and both BHP and Wyloo are still considering a mutually beneficial arrangement regarding the acquisition of Noront.

BHP in October upped the ante in its bidding war with Wyloo, increasing its offer for Noront to CAD0.75 per share, from its original tilt of CAD0.55, and besting Wyloo's updated CAD0.70 bid made at the end of August. Wyloo first made an offer for Noront in May for CAD0.315 per share.

Shares in BHP were up 0.1% at 1,896.60 pence on Wednesday in London, while its Johannesburg shares were 0.2% higher at ZAR387.34.

By Dayo Laniyan; [e-mail]

[loganair] 09/11/2021 14:27

BHP to focus on commodities useful for decarbonization: CEO

BHP, the world's biggest miner, intends to focus its future portfolio on "commodities that have upside potential" for aiding decarbonization, especially minerals such a copper and nickel, chief executive Mike Henry said on Tuesday.

The company has decided to merge its oil and gas portfolio with Australian energy player Woodside Petroleum. Speaking via video conference at Nikkei's two-day Global Management Forum, Henry said oil, gas and other fossil fuel commodities such as low-quality coking coal are best held by a company "that is better able to navigate the energy transition [and that] will be better able to invest in new technologies like carbon capture and storage, hydrogen, ammonia and so on."

Henry said that by 2030, about half of BHP's portfolio would be copper, nickel and potash, which is primarily used in fertilizer. "The world is going to need two times as much copper [and] four times as much nickel over the next 30 years" than it needed in the past three decades, he said, to meet demand for cleaner technologies.

The rest of the portfolio would be "iron ore and high-quality coking coal, both of which are also going to be essential for the world's decarbonization effort," he said.

BHP aims to achieve carbon neutrality in operational emissions by 2050. Henry suggested that the company has been making efforts on the environmental, social and governance front to benefit its stakeholders.

Asked about surges in the prices of some commodities, he replied, "I don't expect that some of the very high prices for commodities currently will be sustained," noting that new investments in supply would eventually bring prices down.

[adrian j boris] 08/11/2021 07:48

Stocks to Watch: BHP said it would sell its controlling interest in two metallurgical coal mines to Stanmore Resources for up to $1.35 billion, shifting focus to high-quality coal that it expects to be in demand as the global steel industry decarbonizes.

RBC Capital Markets said that with BHP generating strong cash flow and its balance sheet "arguably too conservative," it is likely to give shareholders the profits from its BMC stake sale via a special dividend.

The deal with Stanmore includes a $1.1 billion cash payment on completion. The deal reflects BHP's "orderly [and lengthy] exit from coal," which RBC reckons will include a previously flagged sale of the Australian thermal-coal operations, despite BHP saying all options for that asset--including retaining it--remain on the table.

The miner will keep and likely manage down its circa $14 billion BMA metallurgical coal business and advocate for high-quality steelmaking coal, versus low-quality metallurgical coal or thermal coal, said RBC.

[grupo guitarlumber] 07/11/2021 16:52

we live in strange times but green sentiment may lay sway with an up trend


we coukd be pumping towards a bottom and then an upwards towards and in new year

heres hoping

[podgyted] 07/11/2021 16:38

Not sure if that's good or bad news.

Any ideas?

[kipper999] 04/11/2021 09:56

I think Vale is number 4......
Am still hanging on for $11 there.......lol
Kipper

[waldron] 04/11/2021 06:43

European markets set to start the trading day higher as investors digest Fed decision

Published Thu, Nov 4 20211:22 AM EDT

Holly Ellyatt
@HollyEllyatt
cnbc


Key Points

European stocks are expected to open higher on Thursday as global markets react to the U.S. Federal Reserve’s announcement that it will start to taper its bond-buying program.

The U.K.’s FTSE index is seen opening 32 points higher at 7,271, Germany’s DAX 68 points higher at 16,025, France’s CAC 40 up 37 points at 6,987 and Italy’s FTSE MIB 108 points higher at 27,322, according to data from IG.

[waldron] 04/11/2021 06:42

possibly vale or glen

[gateside] 04/11/2021 06:40

Big 4 miners?BHP, RIO, AAL and who's the 4th?

[waldron] 04/11/2021 06:24

Stocks to Watch: Miners are making more money than ever before, but are spending little of it on mines. While some are planning to spend more annually in the next few years than they have in half a decade, the capex outlook for the world's "Big 4" miners for 2023 is only about half of the 2013 peak, said Liberum.

"Many management teams of the big miners have neither the mandate from shareholders nor the confidence in the long-term commodity demand growth outlook to engage greenfield investments." Memories of the last commodities bust are also "still very raw and real" for company executives and directors, said Liberum.

[waldron] 03/11/2021 07:32

BHP in talks with rival Wyloo for Noront deal that could suit both

Wed, 3rd Nov 2021 06:13
Alliance News

(Alliance News) - BHP Group PLC on Wednesday said it is in discussions with Wyloo Metals Pty Ltd for a "mutually beneficial arrangement" as the duo vie to acquire Noront Resources Ltd.

BHP in October upped the ante in its bidding war with Wyloo, increasing its offer for Noront to CAD0.75 per share, from its original tilt of CAD0.55, and besting Wyloo's updated CAD0.70 bid made at the end of August. Wyloo first made an offer for Noront in May for CAD0.315 per share.

Noront shares closed 8.2% lower at CAD0.78 each on Wednesday in Toronto, giving the miner a market value of CAD438.4 million, about USD353.0 million.

BHP shares closed up 1.1% at AUD35.94 each in Sydney on Wednesday.

BHP said it is extending the initial expiry of its offer to November 16, from November 9.

In addition, it announced it is in talks with takeover rival Wyloo.

"BHP and Wyloo Metals have engaged in initial conversations and are considering a mutually beneficial arrangement regarding the acquisition of Noront by BHP. There is no assurance that any agreement will be reached between BHP and Wyloo Metals," the miner said.

Noront is focused on the development of its Eagle's Nest nickel, copper, platinum and palladium deposit, as well as chromite deposits located in the James Bay Lowlands of Ontario. It is listed on the TSX Venture Exchange.

By Eric Cunha; [e-mail]

[kipper999] 02/11/2021 09:00

Not sure there Action. My last buy was @ 1,794.6 when it fell after XD.
Very possibly sub 18 coming again
Seem to recall BHP make 70% of profits from iron ore which i have at $102

Rio looking tempting too. And will be watching Vale at US open at 1:30

[action] 02/11/2021 08:38

1850p looks bottom from past sell off

[kipper999] 02/11/2021 08:35

I see all miners being knocked today off the back of a 15% drop in iron ore prices.
My average in my ISA here is 1,910
Any reduction below £18 & may well be tempted to top up again

[waldron] 01/11/2021 21:39

CHUCKLE AND CHEERS