Bhp Share Discussion Threads

[grupo guitarlumber] 19/1/2022 09:16

TOP NEWS: BHP hit by Covid labour crunch and wet weather in first half

Wed, 19th Jan 2022 08:09

Alliance News

(Alliance News) - BHP Group PLC on Wednesday released some uninspiring production figures, with everything from maintenance issues to Covid-induced labour shortages to wet weather hurting output in its first half.

BHP shares ended 0.3% lower at AUD46.56 in Sydney on Tuesday. In Johannesburg, the stock was down 1.0% to ZAR497.47. In London, it was up 0.4% at 2,424.00 pence.

In the six months to December 31, copper production fell 12% year-on-year to 742,000 tonnes while the metal's average realised price rose 30% to USD4.31 per pound. The fall in production was due to maintenance at Olympic Dam in Australia.

Iron ore production rose 0.8% to 129.4 million tonnes. The average price

booked in the half was USD113.54 per wet metric tonne, up 9% to a year prior but down 28% compared to the six months ended June 30, 2021.

Metallurgical coal output slipped 8.0% in the half to 17.7 million tonnes compared to 2020's 19.2 million tonnes. Its realised price soared, however, multiplying to USD259.71 per tonne from USD97.61 a tonne.

Meanwhile, energy coal production came in at 7.2 million tonnes, rising 4.3% from 6.9 million. Thermal coal's price also rocketed, jumping to USD137.68 a tonne from USD44.35.

Nickel production sunk 15% to 39,300 tonnes from 46,200 tonnes, while the cost of the metal rose 30% to USD19,651 per tonne.

"BHP was fatality free at our operated assets for the third consecutive year. Our continuing focus on people and on operational reliability enabled us to achieve near record production in iron ore and to reduce the impacts of adverse weather and Covid-19 related labour constraints in our operations," Chief Executive Mike Henry said.

Looking ahead, BHP left its financial 2022 production guidance unchanged for iron ore, energy coal and nickel. But the miner lowered its metallurgical coal guidance to between 38 and 41 million tonnes from 39 to 44 million.

BHP also said its copper production outlook is trending towards the low end of its guidance range, which was set between 1.6 and 1.8 million tonnes.

By Greg Roxburgh; [e-mail]

[waldron] 18/1/2022 22:56

BHP Group Ltd. said first-half group production was roughly 4% weaker than a year earlier because of lower copper and metallurgical coal volumes.

The company said its annual output of metallurgical coal, used in steelmaking, will now likely be less than forecast earlier, while annual copper production is tipped to be at the low end of an BHP's projected range.

The world's No. 1 miner on Wednesday reported an 8% first-half fall in metallurgical coal output, to 17.7 million metric tons. It now projects full-year production of 38 million-41 million tons rather than 39 million-44 million tons as previously estimated.

BHP said it produced 742,000 tons of copper in its first half, down 12% on a year earlier. The miner now expects full-year output at the low end of its 1.59 million-1.76 million projection.

BHP reported a 1% lift in first-half iron-ore output to 129.4 million tons. BHP is the world's third-largest producer of the steel ingredient.



Write to Rhiannon Hoyle at [e-mail]



(END) Dow Jones Newswires

January 18, 2022 17:08 ET (22:08 GMT)

[sarkasm] 18/1/2022 18:44

Thomas Biesheuvel & Dinesh Nair 08:49 PM IST, 18 Jan 2022 11:31 PM IST, 18 Jan 2022

BHP Revives Appetite for Deals With Biggest Rivals in Sights (Bloomberg)


-- After sitting dormant for more than a decade, BHP Group -- once mining’s most aggressive dealmaker -- is positioning itself for a return to large-scale

www.bloombergquint.com/business/bhp-revives-appetite-for-deals-with-biggest-rivals-in-sights

[grupo guitarlumber] 17/1/2022 13:59

Upcoming events

19 January 2022, 8:30 AM Melbourne time (approximate)

BHP Operational Review
For the half year ended 31 December 2021



20 January 2022, 10:00 AM GMT

BHP Group Plc Scheme Meeting




20 January 2022, 10:30 AM GMT

BHP Group Plc General Meeting

[maywillow] 17/1/2022 13:54

Release Time IMMEDIATE
Date 17 January 2022
Release Number 1/22


Update on BHP Group Limited General Meeting to approve unification proposal

Given the ongoing COVID-19 situation in Melbourne, BHP Group Limited has today announced that the General Meeting of BHP Group Limited on 20 January 2022 to approve BHP's unification proposal will be held as an online meeting.

BHP is committed to health and safety, including the health and safety of our shareholders and our people. Accordingly, as foreshadowed as a possible contingency plan in the Notice of Limited General Meeting released on 8 December 2021, BHP has today decided that the BHP Group Limited meeting will be held as an online meeting instead of an in-person meeting in Melbourne.

The date and time of the meeting remain unchanged. The meeting will be held online at 6:00pm (Melbourne time) on Thursday, 20 January 2022. The business to be considered at the meeting also remains unchanged, and is set out in the original Notice of Limited General Meeting. There are no changes to the arrangements for the BHP Group Plc scheme and general meetings also being held on 20 January and related to unification.

BHP recognises the importance of the meeting as an opportunity for BHP Group Limited shareholders to consider and vote on the unification proposal. BHP Group Limited shareholders will be able to ask questions and vote in real time via an online platform.

Participating in the meeting online

As was the case with last year's Annual General Meeting, BHP Group Limited Shareholders can view the meeting live, ask questions on the items of business and cast live votes during the meeting, once they have registered their attendance on the Lumi platform.

-- Enter the following URL in your browser :
-- The meeting ID for the meeting is: 359037399

-- Your username is your Shareholder Reference Number (SRN) / Holder Identification Number (HIN).

-- Your password is your postcode registered on your holding if you are an Australian shareholder.

Overseas shareholders should refer to the user guide available at



Online registration will open at 5.00pm (Melbourne time) on Thursday 20 January 2022 (one hour before the meeting).

For the best shareholder experience, BHP recommends using a computer to access the Lumi website. For further details on accessing Lumi and joining the meeting, please refer to BHP's website at in advance of the meeting.

Appointed proxies may contact Computershare Investor Services on [phone] (in the hour prior to the meeting starting) to obtain their unique username and password to participate in the meeting.

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

Authorised for lodgement by:

Stefanie Wilkinson

Group Company Secretary

[gateside] 12/1/2022 08:18

Great bounce back from £19Run your winners :-)

[waldron] 11/1/2022 16:02

Glencore completes buyout of Cerrejon coal mine from Anglo and BHP

[sarkasm] 10/1/2022 13:24

pdosullivan
10 Jan '22 - 13:04 - 1281 of 1281
0 0 0
Hi all, just giving a second and final push to the blog I wrote on BHP, which I am a shareholder in, over the weekend. I am not surprised by the news today about a nickel investment in Tanzania as I noted the potential for extra capital commitment to that segment in the blog, which can be found here: hxxps://tbifund.wordpress.com/2022/01/08/bhp-bhp-ln-material-repositioning/

Good Luck with your blog

marked up for persistence

take care

[pdosullivan] 10/1/2022 13:04

Hi all, just giving a second and final push to the blog I wrote on BHP, which I am a shareholder in, over the weekend. I am not surprised by the news today about a nickel investment in Tanzania as I noted the potential for extra capital commitment to that segment in the blog, which can be found here: https://tbifund.wordpress.com/2022/01/08/bhp-bhp-ln-material-repositioning/

[waldron] 10/1/2022 09:40

BHP Group Ltd. will invest up to $90 million in Kabanga Nickel Ltd., which owns a nickel project in Tanzania, as the world's largest mining company by market value seeks to boost its exposure to metals needed for a low-carbon economy.

BHP has agreed to initially invest $40 million to accelerate the Kabanga Nickel project, for an 8.9% equity stake, and may commit a further $50 million if definitive documentation can be agreed and certain conditions are met, Kabanga Nickel said. BHP will also put $10 million into Lifezone Ltd., the owner of hydrometallurgical technology that will be used to build and operate a refinery in Tanzania.

Kabanga Nickel wants to produce battery-grade nickel as well as cobalt and copper at the project in northwest Tanzania that was formerly owned by Barrick Gold Corp. and Glencore PLC. BHP has the right to make further investments subject to achieving certain agreed milestones, it said.

"This investment secures access to a world class nickel sulphide resource and is aligned with BHP's strategy to capture opportunities in future-facing commodities," BHP said in an emailed statement.



Write to Rhiannon Hoyle at [e-mail]



(END) Dow Jones Newswires

January 10, 2022 03:59 ET (08:59 GMT)

[pdosullivan] 08/1/2022 15:07

Hi all. I have just published a blog on BHP, which I am a shareholder in, that may be of interest to you. The blog can be found here: https://tbifund.wordpress.com/2022/01/08/bhp-bhp-ln-material-repositioning/

[waldron] 05/1/2022 15:21

19 January 2022, 8:30 AM Melbourne time (approximate)

BHP Operational Review
For the half year ended 31 December 2021

20 January 2022, 10:00 AM GMT

BHP Group Plc Scheme Meeting


20 January 2022, 10:30 AM GMT

BHP Group Plc General Meeting

[the grumpy old men] 23/12/2021 07:53

(Alliance News) - BHP Group PLC on Thursday said it has received a payment from Noront Resources Ltd in compensation for the Canadian nickel miner breaking its agreement to support a BHP takeover offer.

Noront has made a CAD17.8 million, about USD13.9 million, termination payment to BHP.

BHP on Tuesday kept its offer for Noront at CAD0.75 per share, which is 47% below rival Wyloo Metals Pty Ltd's proposal of CAD1.10. Wyloo said the Noront board supports its latest bid.

In a statement on Thursday, BHP said it has ended the agreement related to Noront's support of its takeover offer that had been signed back July 26, when Noront had indicated its support for the BHP offer.

On Tuesday, BHP said it would not bump up its offer for Noront to match the one on the table from Wyloo.

By Artwell Dlamini; [e-mail]

[sarkasm] 21/12/2021 16:21

Iain Gilbert

Sharecast News

21 Dec, 2021 16:01 21 Dec, 2021 16:01


Analysts at Canaccord Genuity said on Tuesday that Atalaya Mining's acquisition of 26 investigation permits across southern Spain had added to its "under-appreciated optionality".

Atalaya acquired the assets from Grupo Sacyr for a total consideration of €2.5m and a 1% net smelter return royalty on any future developments, with the permits covering both base and precious metal prospects, including an advanced stage copper-gold-iron project with a declared resource, and several other promising targets.

The Canadian bank stated that the permits' proximity to the company's Rio Tinto mine site indicated that the advanced areas held the potential to be developed as satellite deposits.

Canaccord also noted that Atalaya's latest acquisition added to an "already impressive list of growth options" that it believes was "underappreciated by the market", including the San Dionisio Cu-Zn deposit at Rio Tinto, the polymetallic Masa Valverde deposit, the advanced stage Touro project, and pthe rogression of a feasibility study on its E-LIX technology, which could economically produce copper cathode directly from sulphide ore.

"We believe that progress on these options has the potential to create significant upside for investors," said Canaccord, which maintained its 'buy' rating and 450.0p target price on the stock.

Analysts at Berenberg took a fresh look at mining giant BHP on Tuesday after an announcement that the firm had received all regulatory and competition approvals with respect to its proposed corporate structure unification.

Berenberg stated that with these approvals received, shareholder votes for BHP's Ltd and Plc lines would take place as planned on 20 January, with the key focus being the requirement to pass the special resolutions and the Plc UK scheme of arrangement with a 75% majority of votes cast.

The German bank said this was in line with expectations and guidance by the company, with unification expected in the first quarter of 2022.

Berenberg said the key risk to the restructuring was the failure to reach a 75% approval, with guidance by proxy voting advisors being key. It also noted it was yet to see any headlines on proxy voting advisors like ISS and Glass Lewis' recommendations, but any suggestions of a vote against unification were likely to push out BHP's Ltd/Plc differential.

"We remain Hold-rated on BHP but expect the unification (if successful) and resultant index flow (as BHP down-weights from the FTSE and up-weights on the ASX) to create net buying for the shares, which, alongside higher iron ore prices, should be supportive for the share price," said the analysts.

[sarkasm] 21/12/2021 09:25

UPDATE: BHP unification clears regulatory hurdles before investor vote

Tue, 21st Dec 2021 08:50
Alliance News

(Alliance News) - BHP Group PLC on Tuesday said it has received regulatory and competition approvals for a planned unification under its Australian parent company.

The watchdog approvals include backing from the National Treasury of South Africa, the miner said.

Shareholder meetings to consider the unification will be held on January 20. The unification is expected to be completed on January 31.

Back in August, BHP announced plans to unify its corporate structure under its Australian parent company. The changes move its primary listing to Sydney's Australian Securities Exchange

. The move will see one of the largest components in the FTSE 100 leave the index, as London will no longer be its primary listing.

BHP also will keep a secondary listing in Johannesburg and have American Depositary Shares traded in New York.

The unification plan followed an agreement by BHP to merge its oil and gas portfolio with Sydney-listed Woodside Petroleum Ltd.

The oil and gas unit's tie-up with Perth, Australia-based Woodside will create one of the 10 largest independent energy producers in the world.

Terms for the merger, which will see Woodside absorb BHP's oil and gas assets, were agreed in November. The all-stock deal will see Woodside shareholders have 52% of the new company and BHP shareholders 48%.

BHP valued its petroleum business at USD15.4 billion as of June 30, the company said in August when it announced the Woodside deal. Woodside currently has a market capitalisation of AUD20.86 billion, around USD14.85 billion. It means the deal is worth roughly USD30 billion.

BHP shares closed up 1.5% at AUD41.71 each in Sydney on Tuesday. In Johannesburg, the stock was up 2.7% at ZAR460.09 on Tuesday morning. In early dealings in London, shares were up 2.5% at 2,199.50 pence.

By Eric Cunha; [e-mail]

[kop202] 21/12/2021 08:26

Daft really.. Its governments who decide not miners.

[waldron] 19/12/2021 05:40

Activist Investor Push To End Coal Mining Is Backfiring
By Editorial Dept - Nov 13, 2021, 10:00 AM CST

Climate activists and impact investors have seen their plans to end coal mining turn into exactly the opposite
The push to end coal mining has made several mines more valuable in the face of robust global coal demand
Miners that were planning mine shutdowns have extended the production life of their assets

Join Our Community

The obvious case for allowing the free market to make decisions in industries like energy is that, when changes are forced instead of adopted naturally (usually via laws or government subsidies), they often work against the interests of efficiency.

That's a lesson several companies found out first hand. In fact, Bloomberg writes there is now a "growing unease among climate activists and some investors that the policy many of them championed could lead to more coal being produced for longer".

For example, Anglo American Plc, one of the world’s most powerful mining companies, has become "a case study in unintended consequences" after climate activists and investors urged it to stop digging up coal, Bloomberg reported this week. Now, it has transformed mines that were one set for closure into "the engine room for a growth-hungry coal business".

Anglo American CEO Mark Cutifani had seen Rio Tinto sell off its coal mines and had a plan to shut down its seven South African mines. But the company wasn't taking action fast enough for activists and investors, so Anglo spun off another company called Thungela and tucked its coal operations into the SpinCo. Investors could then "decide for themselves" if they wanted to hold or sell shares of the SpinCo.

The SpinCo Chief Executive Officer, July Ndlovu, then announced they were looking to grow their coal production, not shrink it.

“I didn’t take up this role to close these mines, to close this business,” Ndlovu said. Its South African mines have the potential to add a decade or more of mining, producing more than 10 million tons of coal per year.

BHP Group, a rival company, had trouble selling a colliery earlier this year so it applied to extend mining at the site for another two decades. It was thought of as a way to sweeten a deal to sell the mine, but may wind up turning into BHP simply mining at the site for longer than expected. Investors continue to bring up BHP's exit strategy from the mines as a point of contention.

Related: Can U.S Shale Drillers Help Prevent An Energy Crunch?

“The big push from investors is around ensuring that any divestment that occurs is to parties that are responsible,” BHP CEO Mike Henry said.

Glencore Plc announced earlier this year it would increase its ownership of a large Colombian coal mine after seeking out the opinions of activists, the report says. The company has promised to end its coal operations by 2050, but has also prepared "contingency" plans in the event investors "force it".

Nick Stansbury, head of climate solutions at Legal & General Group Plc, told Bloomberg: “Everyone in the industry is starting to be more sophisticated, more nuanced and more careful on the way they think these issues through.”

Ashley Hamilton Claxton, the head of responsible investment at Royal London Asset Management, concluded by stating that fossil fuel companies should hold on to their coal assets and manage their decline: “Selling the problem to a third party has unintended consequences. We need to shift the debate in the investment industry about being more sophisticated around these things.”

More Top Reads From Oilprice.com:

[kop202] 17/12/2021 01:44

BHP are raising cash to buy Solgold and build out tier one assets in Ecuador?

[waldron] 16/12/2021 05:28

BHP (ASX:BHP) share price slips as ACCC gives all-clear for Woodside deal

One step closer to BHP and Woodside joining forces…
Mitchell Lawler❯
@mitchell_lawler
Published December 16, 11:11am AEDT



The BHP Group Ltd (ASX: BHP) share price is losing its grip this morning, slipping to the downside. Today’s move follows the Australian Competition and Consumer Commission (ACCC) announcing its verdict on Woodside Petroleum Limited‘s (ASX: WPL) proposed acquisition of BHP’s petroleum business.

In morning trade, the diversified mining giant’s shares are fetching $40.66, down 1%. The regulatory green light comes 23 days after the mega-merger was first announced.


Why did the ACCC give Woodside the green light?

Shareholders from both Woodside and BHP are one step closer to an amalgamated future today. Yet, looking at the BHP share price today, you wouldn’t think investors are too excited about it.

A media release from the ACCC states the corporate watchdog will not oppose Woodside’s proposed acquisition of BHP Petroleum and its oil and gas assets.

According to the release, the regulator carefully considered the potential impacts of the deal. Specifically, the supply of domestic natural gas in Western Australia. This is because the WA market is the only area where the two energy giants overlap. Whereas, all other customers are either offshore or in areas where the two do not coincide.

ACCC chair Rod Sims commented:

We found that post-acquisition, Woodside would continue to face competition from a range of suppliers of domestic gas, including major producers Chevron and Santos, and from several other smaller suppliers including Shell and ExxonMobil. Woodside’s share of domestic gas after the acquisition will be approximately 20 percent.

Due to the likely presence of reasonable competition, the Australian regulator has opted to allow the deal to proceed. Despite this development, the BHP share price is weakening as investors digest the news.

As the merger takes another step forward to solidifying, the ASX could soon count Woodside as a top 10 global independent energy company.
How has the BHP share price been tracking?

Investors in BHP have been riding a wave of increased volatility in the BHP share price since August. A cratering iron ore price has dragged the Australian mining company away from its 52-week high by approximately 25%. However, shares in BHP have been rebounding in recent weeks.

At present, the BHP share price is trading at a price-to-earnings (P/E) ratio of 13.2 times. For comparison, the Australian metals and mining industry average P/E ratio is around 15.2 times.