How Are BHP & RIO Positioned In The Current Commodity Pricing Cycle
Rohan Walsh is the Portfolio Manager of the Ironbark Karara Australian Equities Fund. In this video he discusses BHP, RIO and commodity prices.
Read MoreTag: BHP
Iron Ore Prices Rip Higher On Supply Crunch Fears
Iron ore prices have topped $110 a tonne for 62% Fe ore delivered to Northern China as BHP, Fortescue and Rio ship as much product as possible to China to make up for the shortfall from Vale and to exploit the high prices.
Read MoreRio Tinto Restarts Iron Ore Rally
Iron ore prices bounced more than 5% on Tuesday as Chinese steelmaker stocks eased again and Rio Tinto revealed it would not be selling as much of its key high-grade Pilbara fines blend and lump ore over the next two months.
Read MoreIron Ore Peaking?
Brazil’s Vale is plagued by problems at its iron ore mines and, despite surging prices, other suppliers are finding it difficult to make up the difference. Yet are prices peaking?
Read MoreRio Hits 11-Year High As Iron Ore Rally Continues Apace
Rio Tinto shares hit an 11 year closing high of $105.30 yesterday as world iron ore prices crashed through $US108 a tonne (More than $A156 a tonne).
Read MoreBHP – UBS rates the stock as Neutral
The company has presented a 10-20 year vision, acknowledging the world is changing and that BHP Group needs to change as well. The company envisages electrification and decarbonisation the two dominant themes evolving over the medium-long-term.
Read MoreWhy BHP Prefers Copper, Nickel Over Coal
The risks associated with carbon-exposed commodities, specifically coal, are now “offset by upside to copper and nickel” according to BHP.
Read MoreBHP – Deutsche Bank rates the stock as Sell
Deutsche Bank observes BHP is currently investing the lowest amount among the four majors and, along with elevated iron ore prices, this is maintaining cash flows at healthy levels.
Read MoreSupply Concerns Push Iron Ore Toward $100 Mark
Iron ore prices have jumped above $US97 a tonne – the highest price in four years as demand from Chinese mills continues and traders ignore the trade war escalation between the US and China.
Read MoreBHP, RIO Overtake Embattled Vale
Australian iron ore giants, Rio Tinto and BHP have moved to the top of the global pecking order thanks to the problems besetting its Brazilian rival, Vale.
Read MoreBHP Confirms Cut To Iron Ore Guidance
As expected BHP has been forced (like Rio Tinto) to cut iron ore production after Cyclone Veronica closed its export facilities at Port Hedland in late March.
Read MoreIron Ore Price Stirs In Response To Shortfall Concerns
As Scott Morrison and Josh Frydenberg were banking the 22% plus surge in global iron ore prices so far this year in last night’s Federal budget, it seems the shortfall in exports will be much larger than thought last week because of the growing impact of Cyclone Veronica on the Pilbara at the end of March.
Read MoreRio Declares Force Majeure Following Cyclone Veronica
World iron ore prices are poised to make a run back over $US90 a tonne after more doubt was cast on the level of Vale’s 2019 production while Rio Tinto has declared force majeure on some exports.
Read MoreVale Dam Fallout Deepens With More Mine Closures
Expect even more pressure on global iron ore supplies and prices after Vale was forced to shut two more iron ore mines in southern Brazil.
Read MoreVale Turmoil Deepens As CEO Quits
Vale management is in turmoil after the CEO of the world’s biggest iron ore miner stepped aside following pressure from Brazilian authorities over the Minas Gerais dam collapse.
Read MoreBHP Overcomes Bumpy Half To Hold Dividend Steady
BHP will pay an unchanged interim dividend of 55 US cents a share after reporting an interim result hurt by problems at the WA iron ore mining operations, a nickel processing facility also in WA, and copper mines in South Australia and Chile.
Read MoreIron Ore Continues Surge As China Returns
Shares in BHP, Rio Tinto, and Fortescue Metals group should continue running higher today with global iron ore prices hitting two-year highs in Asian trading yesterday after Chinese buyers returned to the market after last week’s holiday break.
Read MoreChina Set To Add To Iron Ore Surge
With stocks of iron ore at ports and mills low after the holidays, Chinese buyers will chase spot ore cargoes from today and could push the already high price of standard 62% ore past $US100 a tonne.
Read MoreDam Disaster To Boost Budget, Iron Ore Miners
Australia will be the beneficiary of the terrible mining dam disaster in Brazil which has killed more than 80 people with upwards of 300 missing. In fact, it would be true to say there is a silver lining for Australia in Brazil’s pain – a surge in iron ore prices that will, in turn, boost export receipts and government tax revenues.
Read MoreVale Suspension Set To Shake Iron Ore Prices
Global iron ore prices and the share prices of Australia’s biggest iron ore exporters will jump as Vale, the big Brazilian exporter takes 10 of its mines and their 40 million tonnes of ore offline while it replaces potentially dangerous tailings dams.
Read MoreBHP – Deutsche Bank rates the stock as Sell
Deutsche Bank lowers earnings forecast by -4.7% after the December quarter update. First-half outages have raised unit cost forecasts, while full-year guidance remains unchanged.
Read MoreBHP On Track Despite Train Derailment
BHP has told investors it remains on track to meet its yearly production forecasts across all its major commodities despite the “negative impact” of a series of incidents.
Read MoreBHP – Macquarie rates the stock as Outperform
Macquarie analysts have scaled back total shipment projections for the final quarter of 2018, but the analysts also see how buoyant iron ore prices continue to drive positive earnings momentum for producers in Australia.
Read MoreNickel West Restart Adds To Resources Revival
A couple of years ago, Nickel West was on the for sale list at BHP. This week BHP’s Nickel West division said ‘go’ to the first of a number of new mining developments in the northern Goldfields of WA after the State Government signed off on the Venus underground nickel mine near Leinster.
Read MoreBHP Flags Major Copper Find Near Olympic Dam
An announcement from BHP has confirmed that very quietly the next resources boom is taking shape, mostly in the states of WA and South Australia.
Read MoreBHP, Newcrest Investment SolGold Doubles Up On Copper Find
SolGold, the Australian originated, UK/Canadian listed small exploration group that now has BHP and Newcrest Mining as major shareholders, has produced another massive upgrade of its key copper/gold resource in Ecuador.
Read MoreRunaway Train Derails BHP Momentum
BHP could lose iron ore exports worth hundreds of millions dollars from this week’s rail derailment.
Read MoreEarly Christmas Present For BHP Shareholders
BHP shares jumped more than 4% at one stage yesterday after it confirmed its long-awaited capital management program using the proceeds of its abortive US oil and gas campaign that cost it more than $US20 billion in impairments.
Read MoreBHP Confirms $14.7b Capital Return To Shareholders
BHP has confirmed that it plans a huge buyback and special dividend for shareholders from the sale of its underperforming US shale oil and gas assets.
Read MoreCopper Dampens Solid Quarterly From BHP
Except for copper, BHP has made a solid start to its 2018-19 financial year with first-quarter iron ore production (its most important commodity) rising 8% on strong Chinese demand for high-grade ore which has helped drive the price of ore over $US70 a tonne tor the first time in six months.
Read MoreBHP – UBS rates the stock as Buy
UBS assesses that investors are mostly in favour of a buyback, and predominantly an off-market buyback of ASX listed shares as this can be accomplished quickly.
Read MoreVale, BHP Reach Compensation Deal Over Samarco Disaster
BHP shares have hit a seven-year high after prosecutors in the Brazilian state of Minas Gerais state said they reached a final compensation deal regarding the fatal 2015 dam collapse.
Read MoreMaterial Matters: Steel, Thermal Coal & Nickel
A glance through the latest expert views and predictions about commodities. Steel; mining & franking; diversified majors; thermal coal; and Nickel Mines.
Read MoreBHP Confirms Plan To Drop ‘Billiton’ From Its Name
BHP Billiton has confirmed that it plans to ask shareholders at its UK and Australian annual meetings to remove the word “Billiton” from its name, around 17 years after taking over Billiton Plc and becoming the world’s biggest mining company.
Read MoreMaterial Matters: Platinum, Steel & Miners
A glance through the latest expert views and predictions about commodities. Base metals; platinum; steel/iron ore; and major miners.
Read MoreBHP – Credit Suisse rates the stock as Neutral
Credit Suisse believes the company’s diverse asset portfolio provides a key advantage over its peers because of an extensive suite of high-returning internal growth options.
Read MoreBHP buys into Ecuadorian copper-gold project
BHP has made another attempt to put its foot on one of the most prospective copper-gold deposits in the world unveiling a deal that will see it acquire a 6.1% stake in the SolGold project in Ecuador.
Read MoreRecord Dividend But Shale, Samarco Tarnish BHP Result
Mixed reviews of BHP’s 2017-18 result. Net earnings were light on compared to forecasts, some provisions were higher, but the final dividend is a record 63 US cents a share.
Read MoreBHP – Morgans rates as Add
Morgans factors in a share buyback utilising a portion of the net proceeds from the sale of the US onshore oil & gas business. The remainder, the broker assumes, is distributed via a special dividend.
Read MoreBHP Rally Rolls On
BHP shares traded at a four-year high on the last day of July, reaching a day’s high of $34.98 before closing at $34.86 – the highest the shares have been since August 2014, just as global oil prices were starting their big slide.
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