Bhp Share Discussion Threads

[waldron] 31/5/2019 17:14

Iron Ore 98.76USD 0.04(0.04%)


Gold COMEX 1,317.70 +1.04%
Silver COMEX 14.58 +0.58%
Copper COMEX 2.65 -0.19%
Brent Crude Oil NYMEX 63.44 -2.89%
Gasoline NYMEX 1.80 -2.89%
Natural Gas NYMEX 2.48 -2.55%
(WTI) 55.05 USD -1.70%



Rio Tinto
4,536.5 -2.34%


Anglo American
1,895 -2.02%


Glencore
254.65 -2.06%

(BHP) 1785.4 GBp -1.36%

[waldron] 30/5/2019 17:02

Iron Ore 98.72 USD 0.13(0.13%)

Gold COMEX 1,286.30 +0.41%
Silver COMEX 14.50 +0.62%
Copper COMEX 2.65 -0.41%
Brent Crude Oil NYMEX 66.24 -2.40%
Gasoline NYMEX 1.87 -2.46%
Natural Gas NYMEX 2.54 -3.28%
(WTI) 57.89 USD -1.91%


Rio Tinto
4,645 +0.00%


Anglo American
1,934 +1.41%


Glencore
260 +0.58%


(BHP) 1810 GBp +0.56%

[waldron] 29/5/2019 16:58

Rio Tinto
4,647 -2.70%


Anglo American
1,908.6 -2.24%



Glencore
258 -0.79%

(BHP)
1800.1 GBp -1.85%



Iron Ore 98.59 USD 0.21(0.21%)
04:43:00 AM


Gold COMEX 1,281.40 +0.34%
Silver COMEX 14.40 +0.56%
Copper COMEX 2.66 -1.17%
Brent Crude Oil NYMEX 67.13 -2.24%
Gasoline NYMEX 1.90 -2.05%
Natural Gas NYMEX 2.64 +2.17%

(WTI) 57.28 USD -2.75%

[waldron] 28/5/2019 17:23

Rio Tinto
4,776 +2.89%


Anglo American
1,952.4 +0.43%


Glencore
260.05 -0.36%

(BHP) - 05/28 04:30:00 pm
1830.6 GBp +1.70%

Iron Ore 98.38
USD 0.24
(0.24%)


Gold COMEX 1,278.10 -0.49%
Silver COMEX 14.31 -1.79%
Copper COMEX 2.70 -0.72%
Brent Crude Oil NYMEX 69.91 -0.36%
Gasoline NYMEX 1.94 -0.27%
Natural Gas NYMEX 2.59 +0.19%

(WTI) - 28/05 18:06:53
58.98 USD -0.29%

[sharesoc] 28/5/2019 16:29

Just to let you know, ShareSoc have arranged a company visit to BHP Group on the 18th June, which may be worth attending. More details available here:

[waldron] 27/5/2019 16:52

Gold COMEX 1,284.40 +0.06%
Silver COMEX 14.56 +0.00%
Copper COMEX 2.71 +0.44%
Brent Crude Oil NYMEX 69.76 +1.56%
Gasoline NYMEX 1.94 +1.29%
Natural Gas NYMEX 2.58 -1.30%

hoping for a move up tomorrow

[grupo] 27/5/2019 08:02

BHP, Fortescue, & Rio Tinto higher as iron ore prices surge again

James Mickleboro | May 27, 2019 | More on: BHP FMG MGX RIO
ASX iron ore miners

Although the market has had a subdued start to the week, that hasn’t stopped Australia’s leading iron ore producers from storming higher this morning.

In morning trade the iron ore industry has been one of the best performing areas of the market thanks to yet another rise in the price of the base metal.

Here’s the state of play at the time of writing:

The BHP Group Ltd (ASX: BHP) share price is up 1.5% to $38.00.
The Fortescue Metals Group Limited (ASX: FMG) share price has pushed 1.6% higher to $8.35.
The Mount Gibson Iron Limited (ASX: MGX) share price has climbed 2.5% to $1.28.
The Rio Tinto Limited (ASX: RIO) share price is 1.5% higher to $102.76.

What happened with iron ore prices?

Iron ore prices continued their rise on Friday and closed in on five-year highs.

According to Metal Bulletin, the price of the benchmark 62% fines rose 1.5% to US$105.32 a tonne, leaving it trading within a whisker of its five-year high of US$105.78 a tonne.

Gains were also made by both lower and higher grade ore. The price of the lower grade 58% fines rose 0.3% to finish the week at US$87.02 a tonne, whereas the higher grade 65% fines closed the week with a 0.7% gain to US$119.30 a tonne.
What’s next for iron ore prices?

The good news for shareholders of these miners is that all signs are pointing to further gains today after Chinese iron ore futures finished the week on a very strong note.

In fact, futures contracts closed the week at a record high thanks to increasing demand from Chinese steel producers after a production ramp up and declines in stockpiles at Chinese ports.

If this leads to further increases in iron ore prices this week, it wouldn’t be at all surprising to see the likes of BHP, Fortescue, and Rio Tinto continue their charge higher.

[waldron] 24/5/2019 18:44

Rio Tinto
4,642 +1.14%


Anglo American
1,944 +2.26%


Glencore
261 +0.52%

(BHP) 05/24 11:30:00 am
1800.10 GBp +2.43%


Gold COMEX 1,283.70 -0.13%

nice end to week

Silver COMEX 14.55 -0.43%
Copper COMEX 2.70 +0.71%
Brent Crude Oil NYMEX 68.38 +0.91%
Gasoline NYMEX 1.90 +0.48%

[la forge] 24/5/2019 09:47

Barclays Capital Overweight 2,150.00 - Reiterates

[waldron] 23/5/2019 16:59

Rio Tinto
4,589.5 -1.83%


Anglo American
1,901 -0.74%

Glencore
259.65 -2.55%

(BHP) - 05/23 04:30:00 pm
1759.8 GBp -1.51%

Gold COMEX 1,285.60 +0.89%
Silver COMEX 14.61 +1.11%
Copper COMEX 2.68 -0.06%
Brent Crude Oil NYMEX 67.89 -4.37%
Gasoline NYMEX 1.89 -3.87%
Natural Gas NYMEX 2.57 +0.55%


WHAT A GREY DAY

[grupo] 23/5/2019 09:38

EXTRACT


So to conclude.

Our fundamental aim is to protect and sustainably grow shareholder value and cash returns, as well as social value for our communities, over the long term.

Our strategy is built on growing our exposure to highly attractive commodities and world-class assets, and continuing to develop and invest in the leading capabilities and culture in the natural resources industry.

Our strong balance sheet and capital allocation processes are key enablers of this strategy. They allow us to invest in the right projects at the right time.

BHP is well placed today, and will be for the next 10 years, due to our world-class capabilities, assets, options and strong balance sheet.

But we must think well beyond the next decade, so we can continue to grow cash returns to shareholders and be even more successful in the long term.

[Ends]


The presentation is available on BHP's website at:

[grupo] 23/5/2019 09:34

NEWS RELEASE


Release Time IMMEDIATE
Date 22 May 2019
Release Number 12/19



Strategy briefing

BHP will be hosting an investor and analyst briefing today on BHP's strategy.

The purpose of the briefing is to provide further information on BHP's strategic framework and the strategic themes considered to test portfolio resilience.

The presentation is available on BHP's website at:

The webcast of the briefing will be available at:

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

[loganair] 23/5/2019 09:07

BHP said - "Potash demand will increase but existing latent capacity will cap prices until the middle of the next decade, he said."

[grupo] 23/5/2019 05:59

Financial Times: BHP Group has laid out the case for developing contentious Canadian potash project that will cost around $8 billion to build.

[waldron] 22/5/2019 17:00

Rio Tinto
4,672 +0.75%


Anglo American
1,919.6 -1.18%


Glencore
267 -2.29%

our GLEN is getting hammered

EVERYTHING BEING INPUT INTO THE glen PRICE, EVEN THE PROVERBIAL KITCHEN SINK

SUPPORT 250p AND BUYBACKS UNDERPINNING AT PRESENT BUT STILL IN THE 250 TO 280p box

(BHP) - 05/22 04:30:00 pm
1789.5 GBp -0.03%


Gold COMEX 1,275.70 +0.20%
Silver COMEX 14.45 +0.28%
Copper COMEX 2.67 -1.51%
Brent Crude Oil NYMEX 70.78 -1.94%
Gasoline NYMEX 1.96 -1.73%
Natural Gas NYMEX 2.57 -1.61%


if glencore really knows something about trading and hedging this downward trend might well have been overdone

[la forge] 22/5/2019 12:27

Date 22 May 2019
Release Number 12/19



Strategy briefing

BHP will be hosting an investor and analyst briefing today on BHP's strategy.

The purpose of the briefing is to provide further information on BHP's strategic framework and the strategic themes considered to test portfolio resilience.

The presentation is available on BHP's website at:

The webcast of the briefing will be available at:

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

[loganair] 22/5/2019 11:52

BHP, the world's biggest miner, said Wednesday the outlook for coal was "challenged" and there was "no appetite for growth" as it sought to capitalise on opportunities in electric transport and renewables.

Beaven said said they were limiting or moving away from coal production.

"Thermal coal should remain a large market -- but over time we expect it to plateau and then decline as headwinds strengthen," BHP's chief financial officer Peter Beaven said in a briefing.

[sharesoc] 22/5/2019 11:48

ShareSoc have arranged a company visit to BHP Group on the 18th June, which may be worth attending. More details available here:

[loganair] 22/5/2019 11:44

BHP said it wanted access to more copper, nickel and oil to take advantage of increasing demand as the miner set out its long-term strategy.

BHP said the world was changing fast and, though it is confident about the short and medium term, it is planning over 10 or 20 years.

BHP tests its business against themes such as electrification of transport, decarbonisation of power, reduced waste and more recycling and government actions to limit expansion, Beavan said. Copper, nickel and oil are the obvious areas to grow against this backdrop, he added.

"We can, with a degree of conviction, say that adding options in copper and nickel sulphides (as opposed to laterites) are likely to be a sound investment," he said. "Demand will grow and, at the same time, new supply sources will be hard to discover and permit, and will be more expensive to develop."

New oil capacity will be needed despite moves towards electric vehicles, Beavan said. New discovery trends are weak and good oil assets will remain attractive.

"We have options in copper and oil, but we need more. And we are interested in adding more nickel sulphide resource to our portfolio. So we should continue to add exploration options in these areas."

He was less enthusiastic about lithium and cobalt because there are large supplies of lithium and substitutes will be used for cobalt. Steel production will "remain marginal and increased recycling and long term slower growth in infrastructure will challenge even these low possible growth rates," BHP CFO, Beavan said.

We have options in copper and oil, but we need more. And we are interested in adding more nickel sulphide resource to our portfolio. So we should continue to add exploration options in these areas. Demand for gas will increase but there is plenty of supply. Potash demand will increase but existing latent capacity will cap prices until the middle of the next decade, he said.

[loganair] 22/5/2019 09:10

I've noticed over the past year how BHP have sold some of their coal production off and investing most heavily in both oil and copper which I mentioned some time ago was a good thing for BHP.

[grupo] 22/5/2019 08:04

theguardian


BHP warns investors coal could be phased out 'sooner than expected'

Mining giant loses its appetite for thermal coal and will turn instead to oil, copper and nickel

Australian Associated Press

Wed 22 May 2019 07.45 BST

Shares
3
The Caval Ridge coalmine in Queensland. BHP is rethinking its resources portfolio because ‘the world will be a very different place in 10 to 20 years’ time’
The Caval Ridge coalmine in Queensland. BHP says it’s rethinking its resources portfolio because ‘the world will be a very different place in 10 to 20 years’ time’. Photograph: Dan Peled/AAP

BHP is looking to add more oil, copper and nickel resources to its portfolio, while souring on thermal coal because it thinks the fossil fuel will be phased out, “potentially sooner than expected”.

BHP’s chief financial officer, Peter Beaven, told investors and analysts in a strategy briefing on Wednesday that “the world will be a very different place in 10 to 20 years’ time” and the global miner must be thoughtful about the risks and opportunities.

Beaven said the the miner believed that electrification of transport and the decarbonisation of stationary power were two strategic themes going forward.

As such, BHP believes that copper and nickel – used in electric vehicles – are sound investments, a turnaround from its stance of a few years ago when it was trying to sell off its Nickel West project in Western Australia.
Coal industry urges re-elected Morrison government to build new coal plants
Read more

But even with the trend towards electric vehicles, BHP forecasts that the decline in existing oil fields ensures that new capacity will be required.

“It is likely that attractive rent will continue to be available for well-placed assets,” Beaven said.

BHP is looking to develop oil projects in the US, the Gulf of Mexico and Canada, Beaven said.

It is also interested in finding another nickel resource in WA and expanding its existing copper projects, in South Australia, Arizona and Ecuador.

But BHP has “no appetite for growth in energy coal regardless of asset attractiveness”;, the company said in a briefing slide.

BHP has two high-quality thermal coal mines that generate high margins – the Mt Arthur Coal mine in New South Wales and the Cerrejón mine in Colombia, in which BHP holds a one-third stake – but Beaven suggested they could be sold.

“Our focus will be on maximising value to shareholders, whether we are long-term owners or not,” he said.

BHP forecasts that metallurgical coal, used in steelmaking and mined by BHP in central Queensland, will still offer the company attractive returns, as will its iron ore operations.
BHP and Rio Tinto join push for Indigenous voice to parliament
Read more

But there’s a possibility that gas will be leapfrogged by emerging markets as they opt for renewable energy, Beaven said.

BHP also sees potash, used in fertiliser, as a valuable asset in the long-term as food insecurity drives increased need for potassium.

But Beaven said developing BHP’s substantial potash resource in Saskatchewan, Canada doesn’t yet pass risk-return hurdles, given the large investment required.

In other resources, the abundant supply of lithium means BHP isn’t interested in the asset, and the miner foresees that cobalt will lose share to nickel.

[waldron] 21/5/2019 17:01

Rio Tinto
4,637 -0.84%

Anglo American
1,942.6 +0.49%

Glencore
273.25 +0.09%

(BHP) - 05/21 04:30:00 pm
1786 GBp -0.31%

Gold COMEX 1,273.90 -0.27%
Silver COMEX 14.43 -0.10%
Copper COMEX 2.72 -0.40%
Brent Crude Oil NYMEX 71.83 -0.19%
Gasoline NYMEX 1.99 +0.07%
Natural Gas NYMEX 2.61 -2.28%

[waldron] 20/5/2019 17:00

Rio Tinto
4,676.5 +0.07%


Anglo American
1,933.2 -1.59%


Glencore
273 -1.34%

(BHP) - 05/20 04:30:00 pm
1791.7 GBp -0.17%


Gold COMEX 1,277.40 +0.13%
Silver COMEX 14.44 +0.33%
Copper COMEX 2.73 -0.44%
Brent Crude Oil NYMEX 72.37 +0.22%
Gasoline NYMEX 2.01 -0.44%
Natural Gas NYMEX 2.67 +1.60%