Bhp Share Discussion Threads

[adrian j boris] 08/8/2022 08:50

LONDON BRIEFING: BHP's GBP5 billion approach for Oz Minerals rejected

Mon, 8th Aug 2022 08:18
Alliance News

(Alliance News) - Miner BHP on Monday said that it offered to buy

Oz Minerals late last week but that the Oz board rejected its approach.

BHP said it offered AUD25.00 per share for Sydney-listed Oz, 32% above its close on Friday of AUD18.92. On Monday, the stock ended up 35% at AUD25.59, giving Oz Minerals a market capitalisation of AUD8.57 billion, about GBP4.93 billion.

The offer requires unanimous recommendation by the Oz board, but BHP said the board has refused to engage.

"Our proposal represents compelling value and certainty for Oz Minerals shareholders in the face of a deteriorating external environment and increased OZL operational and growth-related funding challenges," said BHP Chief Executive Officer Mike Henry.

"We are disappointed that the board of OZL has indicated that it is not willing to entertain our compelling offer or provide us with access to due diligence in relation to our proposal."

BHP shares closed up 0.8% at AUD39.12 in Sydney on Monday and were down 0.2% at 2,241.00 pence early in London.

[loganair] 07/8/2022 18:31

I wonder if BHP are going to make a bid for Solgold (SOLG) and their huge untapped Copper deposits?

[zeppo] 07/8/2022 18:25

loganair

Thank you for 1527


Nickel, Copper, Phosphates etc what more could we want?

[loganair] 07/8/2022 17:41

03 August 2022 - BHP to boost nickel exploration spending amid EV boom:


BHP Group will increase its spending on nickel exploration over the next two years to meet growing demand for the raw material used in making electric vehicle batteries, the chief of its nickel operations said on Wednesday.

BHP, through its Nickel West unit, has supply agreements for the metal with Tesla and Toyota, and this month also announced a deal with Ford.

The miner said it has the second largest nickel sulphide resource base globally, based on its land holding, totalling 120,000 hectares, in the Agnew-Wiluna belt in Western Australia.

The area has in excess of 7.4 million tonnes of nickel that still remains largely unexplored, Jessica Farrell, Asset President for BHP Nickel West, said.

"We have budgeted a significant uplift in exploration spend over the next two years, which we expect will advance many of our targets," Farrell told an industry conference in Kalgoorlie, without providing an investment number.

"This year will be the highest annual spend for exploration in Nickel West," Farrell said.

By 2030, around 60% of all car sales globally will be electric, increasing to 90% of all car sales by 2040, she said.

"The dominant battery chemistry powering this global fleet is expected to rely on nickel," Farrell said.

"This megatrend, combined with a firm demand base from the traditional stainless and class-1 applications means we anticipate demand for nickel in the next 30 years will be 200% to 300% of demand in the previous 30 years," she said.

[action] 05/8/2022 10:35

Usa is going to pass build better bill this weekend. Will be positive for BHP, GLENCORE.

[grupo guitarlumber] 02/8/2022 17:47

16 August 2022, 8:30 AM Melbourne time (approximate)

BHP Results for the year ended 30 June 2022
For the year ended 30 June 2022

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

BHP Operational Review
For the quarter ended 30 September 2022

[waldron] 02/8/2022 17:41

power-eng.com

IEA: Rising natural gas prices spur global coal demand
By
Clarion Energy Content Directors -
8.1.2022


This article was originally featured on our partner publication Power Engineering International.

Global coal demand is set to rise next year spurred by the slowing growth of major economies and soaring natural gas prices brought on by the European energy crisis.

A new report released by the International Energy Agency (IEA) shows that coal consumption is set to rise in 2022, taking it back to the record level it reached nearly a decade ago.

Rising gas prices have intensified gas-to-coal switching in many countries. According to the Coal Market Update report, this has resulted in coal becoming more competitive in many markets, with prices reaching three all-time peaks between October 2021 and May 2022.

Coal demand rises despite market disruption

The rise in coal demand will occur despite market disruption caused by sanctions on Russian coal, according to the report.

As other coal producers stand in the gap caused by these sanctions, prices on coal futures markets indicate that tight market conditions are expected to continue well into next year and beyond.

The report highlights however that the disruption and turmoil in coal markets in recent months will negatively impact countries where coal remains a key fuel for electricity generation.

Key report findings:

Global coal consumption is forecast to rise by 0.7% in 2022 to 8 billion tonnes, assuming the Chinese economy recovers as expected in the second half of the year.

This global total would match the annual record set in 2013, and coal demand is likely to increase further next year to a new all-time high.


Demand for coal in India has been strong since the start of 2022 and is expected to rise by 7% in response to economic growth and increased demand.

In China, an expected increase in the second half of the year is likely to bring coal consumption for the full year back to the same levels as last year.


Coal consumption in the European Union is expected to rise by 7% in 2022 on top of last year’s 14% jump, driven by the increased use of coal as a replacement for gas in the electricity sector.

Zero Emission Hydrogen Turbine Center: A closed loop of the energy future

Several EU countries are extending the life of coal plants scheduled for closure and reopening closed plants in an effort to reduce gas consumption.

These efforts are ramping up after the European Commission passed the ‘Save Gas for a Safe Winter’ package, requiring all member states to reduce gas consumption by 15% by March 2023.

Russia has increased coal exports to Europe from 21 million tonnes in 2000 to 68 million tonnes in 2021, gaining more than 50% share of the market compared to 11% in 2000.

However, that supply must be replaced from mid-August when the EU ban on Russian coal imports comes into force.

Europe will then look to countries including Australia, South Africa and Colombia to fill the supply gap.

[spawny100] 31/7/2022 08:25

That's why I'm buying more here these days loganair. Their potash revenue will be huge imo.

[loganair] 31/7/2022 08:05

25 July 2022 - Potash potential:

BHP is working on a major potash project. Potash is seen as a greener form of fertiliser. It said that it’s “low emission, biosphere friendly and positively leveraged to decarbonisation̶1;.

The resource business describes potash as a “future facing commodity with attractive long-term fundamentals and differentiated demand drivers” compared to other commodities.

BHP said there is reliable base demand, leveraged by population growth and higher living standards. The project provides a platform for growth through potential capital efficient expansions. Stage 2 studies for Jansen are being accelerated to provide maximum optionality.

The business is expecting Jansen to be low cost and to be able to generate a high profit margin for BHP.

Jansen is a reason to be positive on the BHP share price over the long term.

[loganair] 28/7/2022 10:17

zeppo - The last time both P/E and P/S were this cheap was the beginning of a major rally in BHP stock. Plus, a dividend yield now above 11% with a payout ratio of just under 80% should provide a solid floor for the stock over the foreseeable future, even given the likelihood on a dividend cut down the road.

[zeppo] 28/7/2022 09:57

Another dividend rise possible with the next results?


Then?

[loganair] 28/7/2022 08:50

3 Reasons Why BHP Stock Is The Best Way To Play For A Rebound Rally in Metals by Tim Biggam 25 July 2022:


Metals are looking to regain their luster after a punishing pullback. Time to take a bullish stance on metal mining giant BHP Group using a fusion approach with edge.

Going long BHP Group stock (BHP) is a safer and more effective way to gain exposure to both iron and copper. This is especially true given the positive technical, fundamental and POWR ratings backdrop for BHP Group going forward.

BHP is the world's largest metals company according to Mining.com. The bulk of income is derived from iron and copper with some exposure to nickel and potash as well.

The latest earnings report shows that revenues for the first half of fiscal 2022 totaled $30.5 billion, up 27% year on year. The Iron ore segment's revenues rose 12% year over year to $16 billion. Revenues in the Copper segment increased 20% to $8 billion. Iron and copper combined for roughly 66% of the overall revenue in Q1 2022 for BHP. So certainly, BHP is correlated to fluctuations in iron and copper both.

Indeed, the last time iron prices hit this low a level (Q4 of 2021) marked a major bottom in BHP stock.

BHP stock is trading near trough valuations on both a P/E and P/S basis.

Current P/E now stands at just over 8 and the lowest multiple since the Covid Crisis lows of March 2020.

P/S (ratio of stock price to revenue) is also approaching historically cheap valuations as it nears 2x.

The last time both P/E and P/S were this cheap was the beginning of a major rally in BHP stock. Plus, a dividend yield now above 11% with a payout ratio of just under 80% should provide a solid floor for the stock over the foreseeable future, even given the likelihood on a dividend cut down the road.

[grupo guitarlumber] 19/7/2022 08:37

Frank Prenesti
Sharecast News

19 Jul, 2022 08:16

BHP warns on market constraints as iron ore output misses estimates

Australian mining giant BHP Group missed fourth-quarter iron ore output estimates and said inflationary pressure and market constraints would continue into next year.

The company on Tuesday said iron ore output from Western Australia was 71.7 million tonnes (Mt) in the three months to June 30, falling short of a consensus estimate of 76 Mt and 72.8 Mt it reported a year ago.

Metallurgical coal production in Queensland fell by round 9% in the quarter, partly hit by an increase in coal royalties by the state government.

BHP said labour shortages, supply-chain constraints and inflation would carry on into fiscal 2023.

Industry rival Rio Tinto last week also reported similar issues while reporting misses across the board in its second-quarter production update.

“Over the year ahead … the continuing conflict in the Ukraine, the unfolding energy crisis in Europe and policy tightening globally is expected to result in an overall slowing of global growth,” said BHP chief executive Mike Henry.

"BHP is assessing the impacts on BMA economic reserves and mine lives as a result of the increase in coal royalties by the Queensland government. The near tripling of top-end royalties has worsened what was already one of the world’s highest coal royalty regimes, threatening investment and jobs in the state.”

[waldron] 19/7/2022 07:31

BHP Forecasts Production Bounce in Year Ahead


UPDATED: BHP Group said it expects to increase production of commodities including copper and coal in the year ahead after output last fiscal year was hampered by wet weather and labor constraints.

[action] 08/7/2022 18:55

Thank you. Time to accumulate divi stock to ride stock market storm .

[eggbaconandbubble] 08/7/2022 18:24

spawny I agree, but I don't day trade etc. Sometimes tempted though!

I just see BHP as several other miners, as a copany digging stuff out of the ground that peeps will always need, low pe and a good divi. Stockopedia Stock Rank 92ish and 'superstock'.

Nothing is ever certain in investing but I sleep at night.

It's unpleasant when the share price drops but hey that will always happen from time to time!

[spawny100] 08/7/2022 17:51

Egg and bacon it's a good trading share and even if you mess up it's a very good dividend share. So you just move them from your trading to your dividend pot for a while til they recover.

[waldron] 08/7/2022 17:50

BHP Group Ltd. said Friday that it is considering seeking permission to appeal a judgement by the U.K. Court of Appeal that allows a claim by an action group relating to the Samarco dam failure in November 2015.

The case was bought by an action group seeking compensation following the Samarco dam failure on Nov. 5, 2015 which lead to flooding in two nearby villages, killing 19 people.

BHP said it continues to defend itself against the U.K. group action, deeming the action "unnecessary" as the company believes it duplicates matters already covered by the existing and continuing work of the Renova Foundation and legal proceedings in Brazil.

BHP said the foundation has already provided 1.5 billion pounds ($1.8 billion) in compensation and direct aid to more than 376,000 people affected by the dam failure.



Write to Ian Walker at [e-mail]



(END) Dow Jones Newswires

July 08, 2022 06:46 ET (10:46 GMT)

[loganair] 08/7/2022 17:47

Action - Yes.

[action] 08/7/2022 17:45

If we buy bhp shares in London stock exchange do you get divi pls ? Anyone

[eggbaconandbubble] 08/7/2022 17:37

Great for day trading if you dare!!!