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BHP, BHP BILLITON LIMITED
nipper
post Posted: May 11 2021, 05:22 PM
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while the legacy was not as impressive as he hoped, one thing has done wonders for BHP (and RIO) with 62 Fe at US$230 a tonne overnight
QUOTE
The battle fought by BHP’s former chief executive Marius Kloppers to shift the iron ore market from a contract market to a spot market has meant the surge in demand is quickly reflected in the price.

The shift made at the same time to use a pricing structure that reflects the cost of shipping, effectively baked in Australia’s advantage over Brazil ... an advantage that is particularly valuable during the current period of high freight costs.

Australia’s miners are also holding the disciplines forced on them by the commodity price crash of 2014 when, rightly or wrongly, they were castigated by the market for overspending and overborrowing.

They are firmly focused on investing sensibly and returning excess capital to shareholders hungry for returns in a low yield world. Not only will they be Australia’s biggest dividend payers this year, but some analysts believe they may be the biggest payers in Europe too.





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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
 
early birds
post Posted: May 5 2021, 10:01 AM
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https://www.msn.com/en-au/money/markets/chi...ion/ar-BB1gmyLg

These are tax levels akin to expropriation and this is going to inhibit investment immediately," he said. In addition to the state-owned Codelco, Chile is host to mining operations by BHP Group Ltd, Anglo American Plc, Glencore Plc, Antofagasta Minerals and Freeport-McMoRan Inc.

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not big deal but something to keep eye on it




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early birds
post Posted: Apr 22 2021, 10:49 AM
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BHP had solid ore sales from its mines in Western Australia in the three months to March 31 as wet weather and maintenance impacted output and exports.

BHP said it shipped 66 million tonnes of iron ore from its mines in WA’s Pilbara, slightly below market expectations.

Production fell 4% to 59.9 million tonnes for the quarter, leaving output up 4% for the first three quarters of the year at 188 million tonnes

Sales for the first nine months of 2020-21 totalled 210.1 million tonnes, up from 206.2 million tonnes in the same period of 2019-20.

But that has left BHP on track to achieve the top end of its full-year iron ore target range of 276-286 million tonnes, the company said in the update

“We are reliably executing our major projects, bringing on new supply in copper, petroleum and iron ore,” BHP CEO Mike Henry said.

“With our focus on keeping our people safe, costs down and productivity up, we are well positioned to finish the year strongly and continue delivering the essential products the world needs.”

Iron ore prices continued their surge on Tuesday and are now near all-time highs at $US189 a tonne for 62% Fe fines after Brazilian mining giant Vale this week said it had produced less ore than expected compared to the December quarter – 68 million tonnes vs 84.5 million tonnes.

But Vale’s shipments were 14% higher than the first quarter a year ago at more than 65 million tonnes.

Australia’s second-biggest miner, Rio Tinto, also said its iron ore output fell 2% in the quarter due to wet weather and labour shortages the company was facing in WA’s Pilbara.

Following the quarter’s performance, production guidance for 2020-21 remains unchanged for petroleum and iron ore. However, guidance for the company’s copper production has been increased to between 1.535 million tonnes to 1.660 million tonnes, reflecting the strong performance from the Escondida in Chile.

For metallurgical coal front, BHP has reduced its guidance to between 39 million tonnes and 41 million tonnes due to poor weather conditions. The lower expected coal volumes have also increased expected unit costs for Queensland Coal to $US74 and $US78 a tonne.

At the end of March, BHP had four major projects under development across petroleum, iron ore, and potash. These projects combined carry a combined budget of US$8.5 billion over the project’s life. All of the projects remain on track.

The $US3.06 billion South Flank iron ore project in the Pilbara is on track to begin production by the middle of the year while the company says it will make the final investment decision on the first stage of the Jansen potash project in Canada mid-year.

BHP shares fell 0.5% to $47.21.

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nipper
post Posted: Feb 16 2021, 02:56 PM
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BHP net profit fell by one fifth from $US4.9 billion a year ago to nearly $US3.9 billion ($5.01 billion) for the six months to end of December after one-off write-downs of $US2.2 billion, mainly from its coal mines in New South Wales, its part-owned Cerrejon open cut coal mine in Columbia and tax losses.

However, record production of iron ore in Western Australia and copper extraction from its Escondida mine in Chile, combined with higher prices for both commodities, saw net profit before write-downs rise 16 per cent to $US6.04 billion ($7.76 billion) for the six months to the end of December from $5.19 billion for the same time in 2019. That was lower than the $US6.33 billion expected by analysts.

Investors will get a record interim dividend of $US1.01 a share, up from $US0.65 for the same period last year.





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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
 
nipper
post Posted: Aug 29 2020, 08:38 PM
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In Reply To: nipper's post @ Aug 29 2020, 07:49 PM

(wrong cut and paste ...)
Copper Nickel and Potash. Where BHP is heading. Definitely not coal.

try.... https://www.australianmining.com.au/news/mo...ormula-bhp-ceo/




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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
 
nipper
post Posted: Aug 29 2020, 07:49 PM
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Copper, Nickel and Potash

https://www.rollingstone.com/politics/polit...impression=true



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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
 


nipper
post Posted: Jul 21 2020, 05:55 PM
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BHP is back in favour with the world’s biggest investor, the massive sovereign wealth fund of Norway.

After two months on an observation list while the fund and its managers examined BHP’s exposure to coal, especially thermal or steaming coal (used mostly in power generation), the world’s biggest mining company is now back in favour with the fund revealing an addition to its holding in BHP Plc on Monday.

In what is now probably the largest single portfolio investment in an Australian company, Norway’s sovereign wealth fund has emerged as the owner of 5.1% of BHP Plc’s shares (That’s the London-listed shares in the company).

In a filing to the ASX yesterday before trading opened, Norges Bank, which conducts the buying and selling on behalf of the sovereign wealth fund of Norway said it had lifted its stake from a previous level of 4.06% to 5.1%, or 105,910,183 shares in BHP Plc. At Monday’s closing price of $A38.43 for BHP shares that was worth $A4.07 billion.

The stake is more interesting than just a portfolio investment by a massive global investor. The Norwegian fund is the largest investor in equities globally, with stakes in 9,000 companies, and its fund accounts for around 1.5% of all listed companies.

In May though Norges Bank said the fund has decided to quit some companies with stakes in coal mining especially thermal coal. These included BHP rivals, Anglo American, Glencore (the world’s and Australia’s biggest steaming coal exporter), Sasol of South Africa, AGL, the Australian energy utility, and electricity generator (from coal-fired plants).

Norges Bank said a further group of companies including BHP Group Ltd/BHP Group Plc had been placed on an “observation” list for further assessment.

“In the assessment against the product-based coal criterion, importance shall also be given to forward-looking assessments, including any plans the company may have that will change the level of extraction of coal or coal power capacity relating to thermal coal, and/or increase the income ratio or business share relating to renewable sources,” Norges Bank said in May.

In June it indicated it was not a long term owner of its thermal coal assets and has appointed JPMorgan to run the sale of its huge Mount Arthur mine in the NSW Hunter Valley.

That announcement helped put BHP back in the Fund’s good books.

It is the first time the Norges Bank holding has appeared in either BHP company’s top 20 shareholder lists on its own. Previously the 4% holding looks to have been held under a nominee company.



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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
 
nipper
post Posted: Jun 21 2020, 06:47 PM
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In Reply To: early birds's post @ Jun 21 2020, 06:23 PM

Personally, I own a truckload, mostly bought in 1985 (CGT free smile.gif ). So I won't but I won't sell, either.

I like the fact the company operates in OECD jurisdictions, where rule of law may mean higher costs, but more clarity. It's pretty obvious they want to stay with Tier 1 assets. This can be somewhat limiting. Also, BHP is positioning for new minerals. Copper, Nickel, even potash and limiting coal exposure. Oil n gas, they're getting picky (pity about US shale!!). Meanwhile, iron oil, what a winner.



--------------------
"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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early birds
post Posted: Jun 21 2020, 06:23 PM
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In Reply To: nipper's post @ Jun 21 2020, 05:36 PM

should investors buy it at current level or wait for it ??? unsure.gif

what do you think nipper??



 
nipper
post Posted: Jun 21 2020, 05:36 PM
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BHP has increased its nickel footprint in Western Australia with the purchase of a tenement package from Russia's Norilsk Nickel. The deal gives BHP control of the Honeymoon Well project as well as the Albion Downs North and Jericho exploration projects where it previously had a 50 per cent stake alongside MPI Nickel Pty Ltd, a wholly owned subsidiary of Norilsk.

The tenement package is in WA's northern Goldfields and only about 50 kilometres from BHP Nickel West's Mt Keith nickel mine and 100 kilometres from its Leinster nickel concentrator.

QUOTE
“Nickel continues to be an essential input into new technologies that will improve the battery storage needed for renewables and electric vehicle manufacturing," BHP Nickel West asset president Eddy Haegel said on Friday. "Consistent with our strategy to invest in future facing commodities, this transaction gives us access to explore and develop these prospective nickel sulphide tenements.”






--------------------
"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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