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BHP, BHP BILLITON LIMITED
nipper
post Posted: Feb 14 2019, 08:05 PM
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Posts: 5,213
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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



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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: Feb 2 2019, 10:44 AM
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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: 5,411
Thanks: 2080


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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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)



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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

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Jan 29 2019, 03:08 PM
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Posts: 5,411
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ATO wins 'top up tax' case against BHP, miner foots $82m tax bill
By business reporter Nassim Khadem
Updated 29 minutes ago

QUOTE
Mining giant BHP Billiton is considering whether to appeal a Federal Court decision that has left the company with an $82 million tax bill.

BHP's battle with the Australian Taxation Office was again over its Singapore marketing hub.

BHP last year won the case in the Administrative Appeals Tribunal (AAT), but the full Federal Court heard an appeal from the ATO, and sided with the taxman, leaving the mining giant with a bill for $82 million in primary tax for the 2006 to 2015 financial years.

The appeals court decided its Australian and British arms are associates and therefore subject to what the company claims is a "top-up tax" in Australia under Controlled Foreign Companies rules.

BHP has 28 days to file an application for special leave to appeal to the High Court of Australia.

Key points:
BHP's battle with the Australian Taxation Office was again over its Singapore marketing hub
The mining giant is considering whether to appeal the $82 million tax bill in the High Court
This tax case follows an earlier dispute with the ATO over BHP's Singapore business, which the two parties settled on in November

read more - https://www.abc.net.au/news/2019-01-29/ato-...appeal/10759086



--------------------
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 28 2019, 10:06 AM
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Posts: 5,411
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In Reply To: blacksheep's post @ Oct 30 2018, 12:47 PM

Brazil dam disaster 'may affect Samarco talks' in $57 billion Vale and BHP case
By Marta Nogueira
Updated 28 Jan 2019 — 7:46 AM,
first published at 7:44 AM

QUOTE
Rio De Janeiro | The Brazilian prosecutor running talks to settle a lawsuit over a 2015 tailings dam rupture at the Samarco mine says a deadly dam burst at a mine run by Vale could scramble those sensitive negotiations.


read more - https://www.afr.com/news/world/south-americ...20190128-h1ajok

Further complicating the Vale/BHP negotiations over Samarco are concerns raised at a third Vale mine, just days after the Feijão tailings dam collapse
QUOTE
Vale dam collapse: Panic after fresh alert at another mine in Brumadinho

An alarm warning of an imminent mining dam rupture was issued on Sunday morning near Brumadinho, the same Brazilian community where the collapse of a dam at Vale’s (NYSE:VALE) Córrego do Feijão mining complex on Friday killed at least 40 and left over 400 more feared dead.

The alert of “dangerously high water levels” at another dam that is part of the same mining complex in south-east Brazil, went off at 5:30am on Sunday, Rio de Janeiro-based mining giant Vale twitted:

Local media reported that a loudspeaker alarm announced an evacuation of the area affected by Friday’s dam collapse, which has a population of 39,000 people. “Find the highest point in the city,” the warning said.

Friday’s accident panicked locals who still have vivid memories of the deadly dam failure at Samarco, BHP and Vale’s joint venture, which killed 19 people in 2015 and became the country’s worst ever environmental disaster.


read more - http://www.mining.com/vale-dam-collapse-pa...ine-brumadinho/





--------------------
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 21 2019, 11:32 AM
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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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Posts: 6


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



--------------------
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
 
 


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