BHP 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.

Read More

BHP Reaches Samarco Truce With Brazilian Prosecutors

Brazil’s Vale and Anglo-Australian BHP Billiton, the owners of the Samarco iron ore mine in Brazil, say they have reached a framework agreement with Brazilian federal and state prosecutors to negotiate a settlement of a lawsuit worth billions over the disaster at the mine which resulted in the death of 19 people in 2015 and the polluting more than 400 miles of waterways.

Read More

BHP – UBS rates as Buy

UBS believes the company is the best positioned of the diversified miners and has a compelling valuation. It is currently trading at a -15-20% discount to Rio Tinto ((RIO)). Valuations are expected to converge over the next 12 months as BHP lifts returns to shareholders materially, the first time this cycle.

Read More