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BHP, BHP BILLITON LIMITED
blacksheep
post Posted: Mar 24 2019, 11:13 AM
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Posts: 5,629
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extract from Bloomberg article - https://www.bloomberg.com/news/articles/201...atter-australia
QUOTE
Following is a table of some of the companies and operations that may be affected by the cyclones.

COMPANY CYCLONE OPERATIONS PRODUCT REGION
Glencore Trevor McArthur River Zinc Northern Territory
South32 Trevor GEMCO Manganese Northern Territory
BHP Veronica Pilbara/Offshore WA Iron ore/oil Western Australia
Rio Tinto Veronica Pilbara Iron ore Western Australia
Fortescue Veronica Pilbara Iron ore Western Australia
Woodside Veronica NWS/Pluto LNG Western Australia
Chevron Veronica Gorgon LNG Western Australia
Santos Veronica Varanus/Devil Creek Gas Western Australia
Jadestone Veronica Stag Oil Western Australia
Barrick-Newmont Veronica Kalgoorlie Gold Western Australia


Might also impact IO prices - Mass evacuations as Brazil's Vale reports dam in danger of collapse - https://www.theage.com.au/world/south-ameri...324-p516zy.html



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Mar 12 2019, 05:51 PM
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Posts: 5,313
Thanks: 1945


In Reply To: blacksheep's post @ Mar 12 2019, 11:51 AM

$300million ?!



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Mar 12 2019, 11:51 AM
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Posts: 5,629
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In Reply To: blacksheep's post @ Nov 7 2018, 11:26 AM

Hope the train driver that was sacked received a substantial payout

QUOTE
]BHP rail crews locked down the wrong train ahead of its $300 million runaway ore-car disaster last year, according to a preliminary report into the incident by rail safety investigators.
[/u]
The preliminary investigation by the Australian Transport Safety Bureau, released this morning, has all-but absolved the driver of any blame, revealing a comedy of errors led to the forced derailment, including a rail maintenance crew locking down the wrong train.

The ATSB report does not make any findings of blame for the incident, but appears to confirm the train driver — Peter Frick, who confidentially settled an unfair dismissal claim against BHP last month after being sacked just weeks after the incident — was not to blame for November’s massive wreck.

Instead, it points the finger at a mistake by a rail maintenance crew, despatched to help apply manual handbrakes to the fully-laden, 268-car train after it stopped 210km from Port Hedland when a braking control cable became disconnected.

Instead of applying the handbrakes from the back on the loaded train, the crew instead stopped at an empty train travelling in the other direction, which had stopped while the miner sorted out the main incident.

https://thewest.com.au/business/mining/bhp-...-ng-b881132021z



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Mar 8 2019, 01:59 PM
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In Reply To: blacksheep's post @ Mar 8 2019, 11:25 AM

Australia's Port Hedland iron ore shipments to China slip 5 percent in February

QUOTE
Iron ore shipments to China from the world’s biggest iron ore port totaled 33.5 million tonnes in February, compared with January’s 35.1 million tonnes, the Pilbara Ports Authority said.

Port Hedland is used by three of Australia’s top four iron ore miners, BHP Billiton, Fortescue Metals Group and Gina Rinehart’s Hancock Prospecting.

https://www.reuters.com/article/us-australi...y-idUSKCN1QP0BE



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Mar 8 2019, 11:25 AM
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In Reply To: blacksheep's post @ Feb 2 2019, 10:44 AM

BHP also gets a mention/downgrade
Rio Tinto's shares take hit after two analyst downgrades

QUOTE
QUOTE
Iron ore mining giant Rio Tinto's (LON: RIO) shares dropped more than 7% on the London Stock Exchange Thursday, following two consecutive analyst downgrades.

On Wednesday, Swiss bank UBS lowered its Buy rating for Rio Tinto to Neutral, citing a possible downturn in iron ore prices over the next six months.

This was followed up Thursday by another downgrade — from Hold to Sell by French investment bank Société Générale (SocGen), which cut ratings for both Rio Tinto and BHP.

The hit comes just days after the miner's investors were handed a $4 billion special dividend or $2.43 cent a share, after posting its highest annual underlying earnings since 2014.


read more - http://www.mining.com/rio-tintos-shares-ta...yst-downgrades/

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Feb 14 2019, 08:05 PM
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Posts: 5,313
Thanks: 1945


QUOTE
Plans to expand BHP’s Olympic Dam copper, gold and uranium mine in South Australia have been granted major project status by the state government.

BHP has spent years developing plans to increase annual production at the mine as high as 350,000 metric tons, from about 200,000 tons now, and intends to seek board approval for an expansion project in mid-to-late 2020.

The declaration of major-project status helps to streamline planning applications to the government. It is “an important step” towards lifting BHP’s Australian copper production, the miner said.

Olympic Dam is a key part of BHP’s strategy to grow its output of copper, an industrial metal forecast to be in short supply in coming years, tacking away from commodities such as iron ore in which it has already expanded heavily. It is the world’s biggest deposit of uranium and one of the biggest known sources of copper and gold...
https://www.theaustralian.com.au/business/m...c36c95d690d7d73



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 


blacksheep
post Posted: Feb 8 2019, 02:43 PM
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Ten-year win keeps Nickel West humming
Josh ChiatKalgoorlie Miner
Friday, 8 February 2019 9:57AM
QUOTE
BHP’s bid to revitalise its Goldfields nickel business has hit a fresh milestone, with Nickel West set to start work this month to develop two new open pits to feed its Mt Keith operations.

The mining giant has received its final approval from the Department of Mines, Industry Regulation and Safety to develop the deposits, 450km north of Kalgoorlie-Boulder.

read more - https://thewest.com.au/business/mining/ten-...-ng-b881098811z



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 2 2019, 10:44 AM
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Posts: 5,629
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In Reply To: blacksheep's post @ Jan 29 2019, 08:28 PM

Is the IO rally over - Shorts have been piling into FMG, RIO and BHP in recent days.

Bloomberg article is of the same opinion - several reasons given - see link for full details plus charts
This iron ore rally is living on borrowed time
Bloomberg Opinion | about 5 hours ago |
extract
QUOTE
Vale’s prize asset, the S11D mine, is still running at barely more than half the full annual-production capacity of 90 million tons that it should hit next year, giving plenty of scope to make up the shortfall from other pits.The more important issue is what’s happening on the demand side, though. The Baltic Dry Index is a frequently watched measure of shipping costs, heavily influenced by the price of leasing the Capesize bulk ships that transport coal and iron ore. On Friday it fell to its lowest level in nearly two years, down almost 40 percent in the space of a month.


QUOTE
The more likely scenario is that prices trying to scale the hill of shrinking supply are ignoring the gulf of falling demand. This rally is living on borrowed time.

http://www.mining.com/web/iron-ore-rally-l...-borrowed-time/

Short positions as at 25/1/19 = 5.14%
https://www.shortman.com.au/stock?q=bhp
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 29 2019, 08:28 PM
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Posts: 5,629
Thanks: 2110


Australian iron ore miners' prices set to jump following Vale disaster
By Luke Housego
Updated 29 Jan 2019 — 7:50 PM,
first published at 5:47 PM

QUOTE
BHP, Rio Tinto and Fortescue are among the Australian iron ore producers that may reap higher prices if Brazilian authorities order a halt to iron ore miner Vale's operations in response to the fatal Feijao dam collapse in which 65 people have been confirmed dead so far.


QUOTE
The fallout from the recent dam collapse also could affect the ongoing settlement negotiations with the Samarco joint venture, which is equally owned by BHP and Vale.

read more - https://www.afr.com/business/mining/iron-or...20190129-h1al9s



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Jan 29 2019, 03:39 PM
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Posts: 5,313
Thanks: 1945


QUOTE
BHP will hand out US$5.2 billion ($A7.3 billion) in dividends to shareholders tomorrow. The cash splash comes on top of a US$5.2 billion share buy-back the iron ore miner completed in 2018 after selling its onshore US shale assets for more than US$10.4 billion.

Some of the cash handed out in the form of a US$1.02 (around A$1.40) per share dividend is likely to find its way back into BHP shares ...
today it's up 2% to $33.66. ... usually the way with share buybacks,, SP generally firmer in following months (same assets, less shares)



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: early birds  
 
 


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