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BHP, BHP BILLITON LIMITED
blacksheep
post Posted: Aug 5 2019, 02:10 PM
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In Reply To: nipper's post @ Aug 2 2019, 09:14 PM

Electric ambition: BHP eyes EV market with speciality chemicals
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Quality questions
As battery makers move towards higher nickel-content cathodes, they look for extremely high purity metal. One seller of nickel sulphate, based in Asia, said that BHP’s existing metal products were not first choice for his customers because they took longer to process.

“BHP Nickel briquette or powder is not a first purchase option for the nickel sulphate producer in Northeast Asia… It takes more time to solvent (which leads to) less productivity and higher cost,” he said.

Haegel acknowledged that BHP had received similar feedback that may be related to the density of BHP’s briquettes.

“That hasn’t stopped people buying briquettes – sales continue to grow,” he said.

“All I can point to is that we have had pretty exponential growth in our sales and our customers keep buying our product.”

Nickel West currently contributes just a fraction to BHP’s profits, accounting for just $42 million of underlying earnings in the December half year, compared with $3.5 billion from iron ore.

Analysts and investors said given its size and focus, the division could be a better fit for another owner if BHP chooses to revisit a sale.

https://www.mining.com/web/electric-ambitio...lity-chemicals/



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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: Aug 2 2019, 09:14 PM
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.... in May, chief executive Andrew Mackenzie said [nickel] was back in favour because it afforded extra exposure to the battery boom.

BHP Nickel West asset president Eddy Haegel revealed on Friday that the boss's backing for nickel came after the company had considered cobalt and lithium options and opted to pass on them.

"We did a review of all the battery materials, nickel, cobalt, lithium," he said.

Mr Haegel said it was no great surprise BHP was not attracted to cobalt, given the lion's share of global supply came out of the Democratic Republic of the Congo, where the company was "not in a hurry" to invest.

In the case of lithium, Mr Haegel said BHP felt there was a lot of it in the world and it would struggle over time to attract the same price premiums as nickel.

"It is a very widely available mineral," he said. "There will be periods of times when supply and demand don’t naturally match but we anticipate that there will be no sustainable premium in lithium. That is our view.

"That is not the case with nickel. We think in the medium to longer term the margin will be sticky for nickel and it is an attractive commodity."

https://www.afr.com/companies/mining/born-a...20190802-p52d62

QUOTE
...As recently as 2015, BHP Nickel West was selling none of the nickel metal it produces in briquette and powder form at its Kwinana refinery south of Perth to the battery sector, with the market dominated by stainless steel makers. Now, more than 80 per cent of its annual 75,000 tonnes production at Kwinana goes to battery-sector customers in Japan, South Korea and China.

Mr Haegel said some off-take contracts were in place for nickel sulphate once the plant started production, but did not give details.

However, he said BHP did not expect to have any trouble finding buyers for nickel sulphate as the new plant ramped up to first-stage capacity of 100,000 tonnes a year.

"The rate of growth is profound – we are going to be talking about millions of tonnes of sulphate in the not too distant future," he said....




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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: Aug 1 2019, 11:00 AM
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Samarco poised to reclaim mining license lost after accident
extract
QUOTE
The venture, jointly owned by Vale SA and BHP Group Ltd., has already reached an agreement with the regulator and could get formal permission to operate as soon as mid-September, said people familiar with the regulatory situation, who asked not to be named because talks between the company and the government are private.

“There might be some optimism that Samarco can get theirs later this year to restart in 2020,” said Roger Horn, a senior emerging-markets strategist at SMBC Nikko Securities America in New York. “The bigger issue is how quickly they can ramp up” to start servicing their debt.

The miner’s November 2022 bonds rose as high as 76.181 cents on the dollar on Wednesday from 75.75 cents the day before, according to Trace price data.

https://www.mining.com/web/samarco-poised-t...after-accident/



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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  
 
nipper
post Posted: Jul 17 2019, 02:51 PM
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BHP Group could be on track to finally capture Rio Tinto’s prized place at the bottom of the Pilbara iron ore cost curve, as the company flags a big lift in output at its own operations and finally begins to push the boundaries of its 290 million tonne a year annual capacity.

The mining giant won’t release its cost guidance for the current financial year until its annual financial statements are released in August, but said in its quarterly production report, released on Wednesday, its 2018-19 costs were in line with earlier predictions of less than $US15 a tonne.

And a big lift in volumes is coming, with BHP planning to ship up to 286 million tonnes in the current fiscal year, up from 270.5 million tonnes last year, suggesting unit costs will fall further....




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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  boylep  
 
blacksheep
post Posted: Jul 13 2019, 11:49 AM
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Australian thermal coal leaves investors cold
Bloomberg | July 12, 2019 | 12:37 pm
extract
(Bloomberg Opinion)

QUOTE
When you’re in the business of buying and selling, timing is everything.

That’s the costly lesson facing BHP Group, which is looking at options to divest its thermal coal assets according to a report Thursday by Thomas Biesheuvel of Bloomberg News that cited people familiar with the matter

read more - https://www.mining.com/web/australian-therm...investors-cold/
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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: Jul 11 2019, 12:25 PM
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BHP has joined the world's biggest oil companies in shutting down their Gulf of Mexico operations in anticipation of a major storm in the region.

The weather system, which could turn into a hurricane in coming days, was still about 200 kilometres from the coast of the US state of Louisiana on Thursday morning, according to Bloomberg.

The storm has already caused some flooding in New Orleans.

BHP has stakes in producing and exploration assets on both the US and Mexican sides of the Gulf of Mexico.

Peter Ker has the full story here.
https://www.smh.com.au/business/wall-st-wel...711-h1g49b.html


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The Governor has declared a state of emergency in Louisiana. Models continue to show this storm strengthening, with our parish on the east side of the storm. Please prepare for strong wind and heavy rain this weekend

I have declared a state of emergency today in preparation for the impact of the low-pressure system in the Gulf of Mexico. The system will likely produce storm surge, hurricane-force winds & up to 15 inches of rain across the state. This is going to be a Louisiana event that impacts every part of the state, and no one should take this storm lightly. As we know all too well, low intensity does not necessarily mean low impact. Now is the time to check your emergency supplies and get a gameplan for your family and pets. I urge everyone to continue monitoring local media for weather developments and follow the directions of local officials. We expect multiple parishes to declare states of emergency, and we stand ready to assist our local partners with all available resources. My office is in constant communication with FEMA and we will continue to provide updates as necessary. #lagov #lawx

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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  
 


Mirrors1967
post Posted: Jun 14 2019, 04:34 PM
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In Reply To: nipper's post @ May 23 2019, 06:17 AM

Video on Share Cafe talks about electronification of transport FYI

 
nipper
post Posted: May 23 2019, 06:17 AM
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In Reply To: nipper's post @ May 22 2019, 09:45 PM

QUOTE
The five themes that shape BHP scenarios presently are electric vehicles; the challenges around resecuring the licence to operate; the decarbonisation of the power generation; the changing state of the biosphere and what that is going to mean for things like the way food is produced and water is used; and, finally, the replacement of primary production by recycled materials.

The demand-and-supply scenarios of these inputs inspire models that generate low, base and high watermarks for future pricing of the commodities BHP produces and those it might imagine should one day be included in its portfolio...
- how long before BHP passes the positive screens and gets the tick from so-called ethical investors ?



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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: May 22 2019, 09:45 PM
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The Electrification of Transport.

https://www.bhp.com/media-and-insights/pros...ort-episode-one
QUOTE
.... In 2035 and 2050 respectively, we now see the lowest plausible rate of EV penetration in the light vehicle fleet (i.e. vehicles on the road) as 7 per cent (previously 5 per cent) and 27 per cent (previously 21 per cent). We see the highest plausible penetration rates at these two points as 36% and 75%.

The associated share of light vehicles sales in those years are 16% (previously 10 per cent) and 47% (previously 35 per cent) in the low case and 73% and 100% in the high case.

To convert those market shares into auto units, in the low case we envisage there will be 132 million EVs on the road in 2035 and 561 million at mid-century.....




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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: May 14 2019, 06:27 PM
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feather duster to rooster?
QUOTE
BHP Group boss Andrew Mackenzie says the mining giant’s nickel division is no longer for sale, noting BHP now believes the once-troubled division could some day return as a tier-one flagship asset for the company.

BHP put Nickel West on the block in 2014 as the business bled cash amid the commodity price downturn, but pulled the sale after failing to find a buyer prepared to meet its price, cancelling development of its best new mining prospect and warning staff the division could close by 2020. The massive rehabilitation costs associated with the Western Australian operations, first opened by Western Mining Corporation in the 1960s, prevented its divestment into South32 when BHP spun off the rest of its second-tier assets.

Since then, Nickel West boss Eddy Haegel has led an extraordinary turnaround of the once-troubled division, slashing more than $500 million from its annual costs and extending its potential life for decades.

Mr Mackenzie has since softened his rhetoric on Nickel West being a “non-core” asset for BHP, but went far further in a presentation to the Bank of America Merrill Lynch conference in Barcelona this evening, giving a firm commitment to retaining Nickel West and saying it could one day return as a flagship part of BHP’s global business.

“In nickel, a commodity we will now retain in our portfolio, Nickel West offers numerous development options and potential enhancements to its resource position through exploration and processing innovation,” he said.

Mr Mackenzie said risks remained for Nickel West, partly due to its historic reliance on WA’s mid-tier nickel mines for feedstock for its smelter and refinery, but put the division in the list of BHP assets that “have the potential to become the tier one assets of the future”.

“The scale of resource, cost curve position, and reliance on third party ore sources explains its higher-risk position,” Mr Mackenzie said. “While its higher-return potential as a future growth option is linked to the expected growth in battery markets and the relative scarcity of quality nickel sulphide supply.”

BHP has been re-positioning its Nickel West business as a key supplier of nickel sulphate to the battery market, approving capital spending on a nickel sulphate plant at its WA refinery to produce material for high-quality batteries used in electric vehicles.
https://www.theaustralian.com.au/business/m...79eaf505a37c943



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