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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bhp Group Limited | LSE:BHP | London | Ordinary Share | AU000000BHP4 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-27.00 | -1.20% | 2,223.00 | 2,226.00 | 2,228.00 | 2,276.00 | 2,223.00 | 2,246.00 | 1,056,535 | 16:35:14 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 54.19B | 12.92B | 2.5513 | 16.89 | 218.17B |
By Rhiannon Hoyle
SYDNEY--BHP Billiton Ltd. (BHP.AU) said plans to develop its South Flank iron-ore deposit in remote northwest Australia are the most likely way it will replace production from its aging Yandi operation.
BHP has been mulling new investments in its iron-ore business given its Yandi mine, which currently produces about 80 million tons a year, or roughly one-third of BHP's iron ore, is expected to run out of resources in the coming five-to-10 years.
"We are looking at options to replace this production" and "South Flank is the preferred long-term solution, subject to board approval being obtained," Western Australia Iron Ore Asset President Edgar Basto said on Wednesday.
He said BHP is confident in the outlook for its iron-ore business, which the world's No. 1 miner by market value relies on for a large portion of its profits, despite projecting that rising global supplies will outpace demand in the years ahead.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
March 28, 2017 23:11 ET (03:11 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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