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BHP, BHP BILLITON LIMITED
blacksheep
post Posted: Today, 11:32 AM
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QUOTE
An interesting story has popped up from our colleagues in Perth about the Western Australia government trying to recover an extra $300 million in royalties from BHP.

Radio 6PR's Gareth Parker revealed the lawsuit on Monday, and said a legal dispute between the state government and the multimillion dollar mining giant had been ongoing since November 2016.

It's understood the dispute involves BHP's Singapore marketing hub - a subsidiary of the company wholly owned by BHP. An audit revealed BHP may have used the offshore company had then been used to artificially understate the price of iron ore sold to customers in Japan and China, dating back to 2004.

a spokesperson for the state government confirmed an investigation was under way. "Following a recent audit the state government identified an underpayment of royalties under various state agreements over a number of years," they said.

"The state government is negotiating with BHP to resolve the matter in the best interests of the state."

BHP has disputed the characterisation of the audit, and said the arrangement between itself and the state government had been ongoing for some time.

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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

Said 'Thanks' for this post: early birds  
 
stockman
post Posted: Jan 6 2019, 09:44 AM
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In Reply To: blacksheep's post @ Nov 27 2018, 06:47 PM

and right next door to Cohiba Minerals Horsewell Prospect! only one drill hole had been completed into the Horse Well target (by WMC in 1982) but importantly failed to test the margin and centre of the gravity anomaly, "the most likely position for a higher grade haematite rich core", having found 235 metres of copper mineralized drill core averaging 0.11% copper that was felt to be "an exceptional drilling result [that] could easily represent the peripherals to a larger mineralised system associated with the untested gravity anomaly".

https://uk.webfg.com/news/aim-bulletin/bos-...9068.html"]https://uk.webfg.com/news/aim-bulletin/bos-...t--2669068.html

https://www.marketsandmoney.com.au/wp-conte...ba-minerals.png

 
blacksheep
post Posted: Dec 18 2018, 07:42 PM
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In Reply To: blacksheep's post @ Dec 18 2018, 11:30 AM

Notable short position - see previous post - may have something to do with this

BHP Brazil dam collapse class action gets green light
Karen SweeneyAAP
Tuesday, 18 December 2018 4:59PM
QUOTE
A class action with more than 29,000 claimants against BHP over a 2015 Brazilian dam collapse that killed 19 people will be the one to proceed, a Federal Court judge has ruled.

The mining giant was facing three separate class actions over allegations company directors were, or should have been, aware of the risk of the dam collapse at the Samarco iron ore mine as far back as 2012.

It is also alleged the company failed to meet its disclosure obligations to the Australian Securities Exchange about the risks at any time before the deadly collapse on November 9, 2015.

BHP is defending the claims.

Federal Court Justice Mark Moshinsky ruled in Melbourne on Tuesday that the first proceeding by Vince Impiombato, which includes 29,610 shareholders, could proceed as the open class.

That action covers a period from October 2013 until the collapse on November 9, 2015.

It alleges BHP, which holds a 50 per cent interest in the Samarco mining and mineral resource company through BHP Brasil, knew about issues with the dam during that period, including allegations of seepage and sinkholes in mid to late-2012 and the appearance of “extensive cracks” in August 2014.

read more - https://thewest.com.au/business/mining/bhp-...-ng-b881054327z



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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: Dec 18 2018, 11:30 AM
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Notable short alert - indicating the stock has been shorted more than 0.5% on the day - recorded yesterday
https://www.shortman.com.au/stock?q=BHP
QUOTE
Mon 17th Dec, 2018 46,001,982 3,211,691,105 1.43% 37,525,203 122.59%


SP currently $33.75 - up 0.66%
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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: Dec 17 2018, 09:56 AM
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Posts: 5,133
Thanks: 1901



BHP says it has purchased 5 per cent of its stock in a $US5.2 billion buyback funded by the sale of its US shale unit.

BHP said it bought roughly 265.8 million Australian shares at a price of $27.64, a 14 per cent discount to their market value.

The miner also said it will pay shareholders a $US1.02-per-share special dividend in January.

Due to strong demand for the buyback, a scale back of tenders was required... about 46% of tender accepted, with small holders not left with rump



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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: Dec 6 2018, 10:41 AM
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BHP gets green light to develop nickel mine in Western Australia

QUOTE
MELBOURNE, Dec 5 (Reuters) - BHP on Wednesday said it had received approval from the government of Western Australian to develop a nickel mine in the state that will feed its Nickel West battery chemicals business.

The Venus deposit is one of the most significant development options for Nickel West as the miner gears up to produce nickel sulphate next year to feed the burgeoning industry for electric vehicle batteries.

The global miner has been ploughing investment into nickel mine development and exploration in the state to secure its own supply of the material. [nL4N1UX3BI]

"This completes all necessary approvals required for the Venus deposit, and our team ... has started developing access drives to the site," a BHP spokesman said in an emailed statement.
"Continued drilling over the coming months will better define the resource. We expect first stoping production early next year."

Stoping is the process of opening underground areas for mining by excavating ore.

The miner's Perth nickel sulphate plant is expected to come online from April 2019, with capacity to produce 100,000 tonnes of nickel sulphate, accounting for some 22,000 tonnes of nickel. BHP is making plans to double capacity with a potential second-stage expansion.

Nickel is in increasingly hot demand in new battery technologies that mean cars can travel further on a single charge. Using more nickel also cuts costs by reducing the amount of expensive cobalt, a mainstay of current battery technology.

Brazilian miner Vale SA , the world's top nickel producer on Tuesday said it planned to invest $500 million in its struggling New Caledonia nickel mine given the importance of an expected surge in electric vehicle sales. [nL1N1Y9150]




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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: Dec 6 2018, 10:39 AM
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What does China's Belt and Road Initiative mean for copper?
BHP's presentation - China’s Belt and Road Initiative, episode three: copper bottomed
https://www.bhp.com/media-and-insights/pros...copper-bottomed?



--------------------
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: Nov 28 2018, 11:49 AM
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In Reply To: blacksheep's post @ Nov 28 2018, 09:50 AM

BHP unveils world-class copper find near Olympic Dam in South Australia

QUOTE
BHP, (ASX, LON, NYSE: BHP) the world's number one miner, today made an exceptionally rare public disclosure of drilling results from a very early-stage exploration program in South Australia, which is already being called by some experts “the thickest high-grade copper intersection seen in years.”

The mining giant identified an iron oxide, copper, gold (IOCG) mineralized system located 65 km southeast of Australia’s largest reserve of copper and uranium ore, its Olympic Dam operations.

As part of the company’s ongoing copper exploration program, four diamond drill holes, totalling 5,346 m, intersected graded 3.04% copper, 0.59 grams per tonne gold, 346 parts per million uranium and 6.03g/t silver.

Within the 425.7 metre-intersection BHP detected a higher-grade 180m interval comprising 6.07% copper, 0.92g/t gold and 401ppm and 12.77g/t silver.

Other significant results were 406m at 0.66% copper, 0.35g/t gold, 266ppm uranium and 2.09g/t silver, and 124.5m at 0.52% copper, 0.48g/t gold, 85ppm uranium and 3.37g/t silver.

http://www.mining.com/bhp-unveils-world-cl...outh-australia/

Elsewhere it's been commented on the reason for BHP's early market announcement - "This discovery is so good it could be material to the share price of the world's largest miner"



--------------------
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: Nov 28 2018, 09:50 AM
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In Reply To: nipper's post @ Nov 28 2018, 08:22 AM

Yes - BHP, and RIO for that matter, are not known for keeping the market informed on these types of issues - RIO is keeping "mum" on their rumoured find in WA leaving others to speculate. However, the size/grade of BHP's find appears significant - as mentioned in the article below,

QUOTE
Commenting on BHP’s find, Argonaut chief executive officer Lindsay Owler said it was a “spectacular discovery” and could possibly rival BHP’s own Olympic Dam mine if the size and processing economics were right.

He said the 180m at 6% copper was one of the “longest highest-grade hits” the copper industry has seen in a long time.

“The hole ended in mineralisation so who knows how long that total intercept of 425.7m could actually turn out to be.”

IOCG’s geophysical signatures

Mr Owler is particularly interested in the geophysical signature of BHP’s discovery, which he said has similarities to Argonaut’s own anomalies within its Torrens copper project about 40km away.

“With these South Australian-style iron-oxide, copper, gold (IOCG) orebodies, they all start off having the iron component being magnetite, which has a strong magnetic signal and is also dense,” he explained.

“Then, in the alteration process, which brings in the copper mineralisation that magnetitic iron is converted to haematitic iron and the copper comes in.”

“Hematite is an iron mineral that’s entirely nonmagnetic, but it’s still dense. So, in searching for IOCGs, you are looking for areas that were previously magnetic and have been converted into density-only or gravity-only anomalies,” Mr Owler noted.

He added they were often in proximity to magnetitic bodies.

Mr Owler pointed out that Argonaut’s Murdie and West Lake Torrens prospects, within the Torrens project, were of particular interest because they possess the “exactly the same flavour” in geophysical signatures as BHP’s discovery.


Here's a list of nearology plays in both SA & WA - however nearology doesn't always pan out

BHP pulls ahead of rival Rio Tinto with a major copper find near Olympic Dam
By Lorna Nicholas - November 27, 2018
https://smallcaps.com.au/bhp-rio-tinto-majo...ar-olympic-dam/



--------------------
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: Nov 28 2018, 08:22 AM
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Posts: 5,133
Thanks: 1901


In Reply To: blacksheep's post @ Nov 27 2018, 06:47 PM

It's interesting how this is being reported/ that it is being reported so early
QUOTE
,,,, it has caused buzz enough around BHP Group for the global miner to make an exceptionally rare public disclosure of drilling results from a very early-stage exploration effort.

This is a rare piece of stock exchange disclosure for BHP. Like other majors it generally enjoys the protection that massive size gives from the need to disclose exploration results.....

QUOTE
It has to be noted that those interceptions were deep and that one good drill hole doesn't make a mine.

Mind you, that is why the lesser results from the fourth drill hole, AD-25, are so very encouraging. To get a wee bit technical for a moment, the host rocks of the Stuart Shelf copper zones are made of an iron ore material. The process that generated concentrations of copper and other minerals is the super heating of the host rock. It seems to push minerals out in a sort of donut shape around a central core where, over eons, they can concentrate....
https://www.afr.com/business/mining/copper/...20181127-h18f11



--------------------
"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
 
 


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