Bhp Share Discussion Threads

[the white house] 30/5/2023 10:54

Back in for the long haul @ 2290

[action] 24/5/2023 08:30

Breached 2250p. Next low could be 2200p

[tempted] 05/5/2023 15:04

Added during recent weakness, usual news lottery - citi note bullish on precious metals released last night, but Morgan Stanley preferred RIO over BHP yesterday, yet ESCONDIDA (BHP controlled mine) saw output rise 13.5% to 92,400 tonnes reported Wednesday.

[action] 21/4/2023 12:40

BHP down 4% lowest 2352p today

[redartbmud] 21/4/2023 08:27

Aal or Bhp?

I added some more Bhp on the open.
Long term no brainer
IMHO 0 make up your own mind.

red

[action] 21/4/2023 08:10

Bought some .

[grupo guitarlumber] 17/4/2023 14:14

MINING.COM


Teck attracts bids from Vale, Anglo American and Freeport


Cecilia Jamasmie | April 17, 2023 | 4:49 am


Teck Resources (TSX: TECK.A, TECK.B)(NYSE: TECK) is said to have been approached by Vale (NYSE: VALE), Anglo American (LON: AAL) and Freeport-McMoRan (NYSE: FCX) on potential deals for the Canadian miner’s base metals business if shareholder approve a planned split.

The three global miners are among at least six companies that have expressed interests in transactions with Teck post-split, local paper The Globe and Mail reported on Sunday, citing sources close to the matter.


The Vancouver-based company, which is Canada’s largest diversified miner, proposed in February spinning off its steelmaking coal business to focus on base metals, particularly copper and zinc.


Swiss commodity trader and mining company Glencore Plc (LON: GLEN) launched a hostile $23.1 billion takeover of Teck, which has been sweetened since then to entice Teck’s shareholders initially opposed to the idea of being exposed to a larger coal portfolio.

The revised proposal gives Teck’s shareholders who do not want to own shares in the combined coal operation the option to receive cash plus 24% of the combined metals-focused business.

On Sunday, former chairman Norman Keevil, whose family controls Teck through its ownership of the majority of the company’s ‘A’ class of shares, reiterated his arguments against the takeover.


“As there has been much media commentary regarding my views on the future of Teck, I would like to provide a clear statement of my perspective,” he said.

“My colleagues and I are proud of what we achieved through 30 years of building Teck, growing the company 500-fold from a $25 million market cap to $12.6 billion, with double-digit compounded growth in shareholder value, and continuing growth in recent years to $25 billion today,” he added.

Keevil clarify he would support a transaction — be an operating partnership, merger, acquisition, or sale – with the “right partner”, on the “right terms” for Teck Metals after separation.

Teck’s chairman emeritus added that Glencore’s proposal was “the wrong one, as well as at the wrong time” and the split should go ahead.

With just over a week left on the clock for Teck’s shareholders to vote on the split, Glencore is trying its best to persuade the Canadian miner’s shareholders. Last week, chief executive Gary Nagle landed in Toronto to personally explain his company’s vision and intentions.

By Friday evening, two influential shareholder advisory firms had recommended against Teck’s strategy, while its largest investor, China Investment Corp., said it favoured Glencore’s proposal.


The shiny orange metal

Experts had anticipated that the company’s decision to split the business in two would make Teck Metals a takeover target. The company owns four copper mines in South America and Canada, which produced 270,000 tonnes combined last year.

Teck also expects to double copper output after the second phase of its Quebrada Blanca (QB) project in Chile ramps up to full capacity by the end of 2023.

Glencore believes that operating Quebrada Blanca jointly with the nearby Collahuasi mine, in which the Swiss multinational holds a 44% stake, would add at least a $1 billion of value to its coffers.

The idea, Glencore has explained, is that QB and Collahuasi share infrastructure rather than creating a single operation. The latter would require approval from Anglo American (LON: AAL), which has 44% of Collahuasi and Sumitomo, which holds a 30% indirect interest in the Chilean copper mine.

Top miners, in turn, are hungry for copper assets as demand for the metal accelerates and a global shortfall looms. BHP, Rio Tinto and Glencore itself have disclosed that they are actively looking to grow their copper exposure.

[the grumpy old men] 17/4/2023 07:24

BHP Group Limited Court Approves OZ Minerals Scheme of Arrangement
17 Avril 2023 - 07:00AM
UK Regulatory (RNS & others)


TIDMBHP

RNS Number : 3940W

BHP Group Limited

17 April 2023


Release Time IMMEDIATE
Date 17 April 2023
Release Number 08/23
To London Stock Exchange



COURT APPROVES OZ MINERALS SCHEME OF ARRANGEMENT

BHP is pleased to announce that the Federal Court of Australia (the Court) today made orders approving the scheme of arrangement for BHP Lonsdale Investments Pty Limited, a wholly owned subsidiary of BHP Group Limited, to acquire 100% of the shares in OZL (the Scheme).

It is expected that the Scheme will become effective on 18 April 2023 on lodgement of the Court's orders with the Australian Securities and Investment Commission and OZL shares will be suspended from trading on the ASX from the close of trading on that day.

The Scheme is expected to be implemented on 2 May 2023.

OZL's shareholders will be paid total cash consideration of A$28.25 per OZL share, comprising:

-- the scheme consideration paid by BHP of A$26.50 for each OZL share held at the scheme record date, which is 7:00pm on 24 April 2023; and

-- a fully franked special dividend paid by OZL of A$1.75 for each OZL share held on the special dividend record date, which is 7:00pm on 21 April 2023.

The cash payment by BHP will be funded using a combination of BHP's existing cash reserves and the proceeds of a debt facility.

Authorised for lodgement by:

Stefanie Wilkinson

Group Company Secretary

[misca2] 10/4/2023 19:31

BHP Group Seeks to Delay $44B Brazil Dam Court Case in London
March 30, 2023


Mining group BHP Group is seeking to delay a potential 36 billion pound ($44 billion) London lawsuit over Brazil’s worst environmental disaster as it needs more time to prepare, the company’s lawyers said on Wednesday.

The world’s biggest miner by market value is being sued by around 720,000 Brazilians over the 2015 collapse of the Fundao dam, owned by the Samarco joint venture it holds with Brazilian iron ore mining company Vale.

BHP’s lawyers said the 2024 trial should be delayed to allow Vale to participate and to give BHP more time to go through an “enormous̶1; number of potentially relevant documents.

Miner BHP Potentially Faces $44B Lawsuit in London Over Brazil Dam Collapse

BHP’s lawyer Alexander Hutton argued in court filings that the trial should be adjourned until at least June 2025, saying that pushing ahead with a 2024 trial would be “extremely unfair” to BHP.

A 14-month delay to the scheduled April 2024 start would take the trial well into 2025, a decade after the dam disaster that killed 19 people when mud and toxic mining waste swept into the Doce river, obliterating villages, contaminating water supplies and reaching the Atlantic Ocean more than 650 km (400 miles) away.

BHP denies liability and in December applied to join Vale to the case. Vale has challenged the London High Court’s jurisdiction to determine the claim, which will be heard in July.

Simon Salzedo, representing Vale, argued that BHP has no case against Vale and that, if it did, any lawsuit should be brought in Brazil.

BHP said in a statement: “The UK case is unnecessary as it duplicates issues already covered by the ongoing work of the Renova Foundation and/or the subject of ongoing legal proceedings in Brazil.”

Reparation and compensation programs implemented by the Renova Foundation funded $6 billion in financial aid by the end of 2022, BHP added.

“When the lengths of the different phases are added up, it is apparent that BHP envisage a trial process that will extend closer to 2030 than to 2025, particularly if there should be appeals,” Tom Goodhead of law firm Pogust Goodhead, which represents the claimants, said in a witness statement submitted to the court.

The lawsuit, one of the largest in English legal history, first began in 2018 and was thrown out of court two years later, before the Court of Appeal ruled in July that it could proceed.

BHP has applied to the Supreme Court to end the case without trial following the Court of Appeal’s decision last year.

Lawyers representing the claimants said earlier this month that the number of claimants had increased by around 500,000, pushing the potential bill to $44 billion, including interest, if they are successful in the case.

(Reporting by Clara Denina and Sam Tobin, additional reporting by Kirstin Ridley; editing by Jane Merriman and Mark Potter)

[zeppo] 10/4/2023 19:00

21 April 2023, 8:30 AM Melbourne time (approximate)

BHP Operational Review

But!

Until the court case is finally cleared or settled there is surely a very large proboscidean mammal in the room?

[grupo] 10/4/2023 18:13

Lets await the operational review before we try to determine whether the trend in up or down

Not long to wait

[gibbs1] 10/4/2023 17:50

Upcoming events on BHP GROUP PLC


April/20/23 | 11:30pm Q3 2023 Sales and Revenue Release - Operational Review

[action] 10/4/2023 17:45

downward trend. Will it limited bhp or the whole mining space. waiting for clear direction.

[anhar] 06/4/2023 10:17

Will it reach 2300p range sgain? Any views

The only meaningful answer is that nobody knows because short term price flucs are random in almost all cases. I'd ignore anyone who claims to have an idea, they may mean well but you've probably heard the old saying that the road to hell is paved with good intentions.

[waldron] 05/4/2023 13:17

Will look again tomorrow when i have a little more time




21 April 2023, 8:30 AM Melbourne time (approximate)

BHP Operational Review
For the nine months ended 31 March 2023

[waldron] 05/4/2023 13:15

Seems no clear indication at present

I guess one will have to wait until late April

The support currently is 2328p apparently with a Resistance of 2500p

The average target seems to be going towards 2900p

news and commodity prices will determine the share price trend in coming weeks

good luck ACTION

TAKE CARE

CHUCKLE AND CHEERS

[action] 05/4/2023 12:53

Will it reach 2300p range sgain? Any views

[waldron] 16/3/2023 06:00

BHP Group Ltd., the world's biggest miner by market value, said roughly 500,000 new claimants have been added to a class action in the U.K. over a catastrophic dam failure in Brazil in 2015 that killed 19 people and polluted hundreds of miles of rivers in Brazil.

The Melbourne, Australia-based mining company said it would continue to defend the U.K. class action, which it said it believes is unnecessary because it duplicates legal proceedings in Brazil and work being undertaken by the Renova Foundation, established in 2016 to manage repairs and compensation following the sudden collapse of the Fundão Dam.

Pogust Goodhead, the U.K. legal firm leading the class action, said the total number of claimants involved in the class action is now more than 700,000, including 46 Brazilian municipalities and thousands of businesses and indigenous people. The firm, which says the class action is the world's largest, said it is seeking damages of around $44 billion, citing calculations "based on well-established principles of Brazilian and international law."

The Fundão Dam was owned and operated by Samarco, a joint venture between BHP and Brazil's Vale SA in which each mining giant has a 50% stake.

Pogust Goodhead filed the class action against BHP in the U.K. in 2018. In July 20222, the Court of Appeal in London decided the case could be heard in England, the firm said.

BHP had $3.12 billion set aside as a provision related to the dam failure on Dec. 31, 2022. Due to the status of the U.K. class action, BHP cannot project possible outcomes or give a reliable estimate of BHP's potential future exposure from the legal proceedings, the miner said late Wednesday in London.

The company said it filed its defense to the class action in December, 2022-denying the claims in their entirety-and that the further claim to add the roughly 500,000 additional claimants was filed on Feb. 25.

"Full details of the claims have not been received," the company said Wednesday.

The Fundão dam collapse put a global spotlight on how companies store the waste they produce during mining, known as tailings. In addition to the workers and local residents killed when the embankment burst, many people in communities below the dam were displaced.

Pogust Goodhead said people impacted by the disaster had not yet received full compensation from BHP. It said the next hearing of the case is scheduled for later this month in the High Court in London and that the case could proceed to trial in April, 2024, if a settlement is not agreed.

BHP said all claimants "have avenues in Brazil to resolve any potential claims including avenues established through the Brazilian courts." It said the Renova Foundation had spent about $5.9 billion on remediation and compensation programs to Dec. 31, 2022.



Write to Rhiannon Hoyle at [e-mail] and Anthony O. Goriainoff at [e-mail]





(END) Dow Jones Newswires

[waldron] 13/3/2023 07:16

The dividend will be paid on Thursday, 30 March 2023.

[eggbaconandbubble] 10/3/2023 07:20

Resignation with immeadiate effect! Hand in the till????

[grupo guitarlumber] 01/3/2023 09:56

If stays above support,it seems the only way is up from here