Nickel Worth a Dime for BHP and Tesla
After years of being seen as a high cost, high priced commodity with few growth prospects, nickel has moved to become part of BHP’s ‘green’ appeal – and they have the deal with Tesla to prove it.
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BHP Reportedly Mulling Oil and Gas Withdrawal
BHP wouldn’t comment on the claims made by Bloomberg on Wednesday morning that they were reviewing their petroleum business and considering options including a trade sale.
Read MoreBHP – Morgans rates the stock as Hold
Morgans retains its Hold rating and lowers its target price to $44.70 from $45.80.
Read MorePlenty of Arrows in BHP’s Quiver
While BHP shipped a record amount of iron ore from its Pilbara mines in the year to June, the performance of its coking coal, copper, oil and gas and nickel businesses also stood out.
Read MoreBHP – Macquarie rates the stock as Outperform
Macquarie observes earnings upgrade momentum remains strong and retains an Outperform rating and $63 target.
Read MoreBHP One Step Closer to Thermal Coal Exit
BHP has moved further down its promised exit from the thermal coal industry by selling its stake in the huge Cerrejon steaming coal mine in Colombia in a deal worth nearly $US600 million.
Read MoreBHP Dodges Chilean Bullet with Union Deals
The prospects of BHP’s huge Chilean copper mining and processing business being hit with a damaging series of strikes has been averted after last minute deals with its unions.
Read MoreAll Aboard the Commodities Express
Resource stocks surged on the ASX in Monday trading with some of the majors and the broader market reaching new highs thanks to record iron ore and copper prices.
Read MoreBHP – Morgans rates the stock as Hold
While maintaining a Hold rating the analyst lifts the target price to $43.60 from $42.20, reflecting guidance changes, and upgraded iron ore/copper/thermal coal forecasts and lower met coal.
Read MoreBHP Ore Shipments Hold Up Despite Challenging Conditions
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.
Read MoreBHP Lifts on Strong Report, Increased Dividend
BHP shares jumped nicely yesterday after the world’s biggest miner boosted interim dividend by more than 50% off the back of a solid performance in the six months to December.
Read MoreBHP Interim Profit Up 18%
BHP has announced a solid performance in the six months to December, thanks mostly to higher iron ore and copper prices, the rebound in oil prices and continuing strong cost controls.
Read MoreBHP – Morgans rates the stock as Hold
Morgans describes the overall second quarter operational result as consistent. The analyst highlights the strength of iron ore spot prices is supplying a substantial earnings tailwind and an impressive dividend profile. Target price is $40.55.
Read MoreBHP – Credit Suisse rates the stock as Outperform
Marking to markets for December quarter commodity prices causes Credit Suisse to lift its FY21 earnings 3%. All major catalysts except for commodity prices remain unchanged and the broker retains its $40 target. Outperform.
Read MoreBHP Riding High on Commodities Strength
Shares in BHP remained at their current near record levels yesterday after it released an encouraging six-month sales and production report that saw the company ride the boom in commodity prices nicely.
Read MoreAll Eyes on BHP, Rio Production Numbers
A big week for the local market – not for the earnings results – but for the production and sales data from two of the world’s mining majors and iron ore giants – Rio Tinto and BHP.
Read MoreBHP, Vale reopen Samarco joint venture
BHP and Vale have just restarted their Samarco pellet joint venture, five years after a tailing dam collapsed sparked a major tragedy in 2015.
Read MoreGolden Run For Iron Ore Price Rolls On
Strong demand from Chinese steel mills and renewed supply concerns about Brazil saw iron ore prices urge to new highs on Monday.
Read MoreIron Ore Price Rips Higher Even As Cyclone Threat Dissipates
The iron ore price so far in December is up 21.65% and looks very much in a boom and that will, if past history is any guide, end in tears and a big slide. The sharp rise in prices has triggered a moan from China’s steel industry.
Read MoreCyclone Threat Whips Up Iron Ore Price Further
Global iron ore prices surged to new multi-year highs well above $US150 a tonne on Thursday after a tropical low in the Indian Ocean triggered moves to clear Port Hedland of vessels and send them to sea.
Read MoreIron Ore Runs Hot As Miners Rally To Records
Another surge in iron ore prices Wednesday saw new multi-year highs reached. Global iron ore prices topped $US150 a tonne for 62% Fe fines for the first time in nearly 8 years on Wednesday, while the price of 65% high-grade ore went well over $US162 a tonne.
Read MoreIron Ore Rally Rolls On Despite Dip In China Imports
Global iron ore prices rose again on Monday, hitting new multi-year highs, despite another fall in import volumes into China in November.
Read MoreIron Ore Price Eyes $150 As Rally Powers On
Iron ore prices are up 56% in the year to date – compared with around 24% for copper – its 2020’s best performing commodity and incoming supplies remain tight while steel output continues to rise on strong infrastructure demand.
Read MoreLocal Iron Ore Miners Rally On Latest Vale Production Cuts
As predicted in yesterday’s edition, Wednesday’s surge in world iron ore prices to seven-year highs saw the prices of Australia’s major miners jump sharply on Thursday.
Read MoreNew Vale Cuts Push Iron Ore Above 2013 Highs
Iron ore prices have hit new seven-year highs on emerging fears of a shortage in early 2020. The fears were sparked by the surprise move by big Brazilian exporter, Vale, to trim its 2020 production estimate for a third time this year and set a smaller than expected first estimate for 2021 output.
Read MoreNews Shorts: Exxon Drops Bass Strait Sale, Treasury Wine To Prove Tariffs Update
So will BHP find a buyer for its 50% stake in the Bass Strait oil and gas joint venture after Exxon Mobil called off its sale process because of a lack of serious buyers? Meanwhile, Treasury Wine Estates is expected to release an update today on the impact of China’s doubling of duties and taxes on Treasury’s wine exports.
Read MoreIs The Sharemarket Correctly Pricing In Fundamentals?
Anton Tagliaferro and Daniel Moore analyse the fundamentals of Amcor, Brambles and Orica and seek to provide an objective insight into the ‘blue sky’ being factored into Afterpay’s share price.
Read MoreVale Iron Ore Rebound Threatens Local Miners
A remarkable 31% lift in iron ore fines production by Vale, the huge Brazilian miner, has signalled what could be the start of a downturn in global iron ore prices in 2021. In fact, if Vale continues boosting supply this quarter, pressure on prices will emerge in November and December.
Read MoreBHP Lifts Iron Ore Output 7% But Flags Production Hit Ahead
BHP says it has made a solid start to 2020-21 with a solid lift in iron ore production in the September quarter and sales of 73.5 million tonnes at a time when the price remained above $US120 a tonne for 62% Fe fines delivered to northern China.
Read MoreBHP Rejigs Its South Australian Copper Riches
Mining giant BHP has shelved long-held plans for a $3.5 billion expansion of its Olympic Dam mine in South Australia because of the improving outlook for the recently discovered Oak Dam copper and gold deposit nearby in outback South Australia.
Read MoreBHP Bets On Oil With Gulf Of Mexico Buy
At a time when it is seeking to exit its thermal coal and some of its LNG interests, BHP is increasing its bet on the future of oil, paying $700 million to lift its stake in a large oil and gas field in the Gulf of Mexico.
Read MoreAugust Iron Ore Exports Rebound, But Still Well Off June Highs
Iron ore exports to China recovered in August, but were still far short of the record 46.2 million tonnes shipped from Port Hedland in June, the Pilbara Ports Authority reported on Tuesday.
Read MoreEnergy Prices Drag As BHP Annual Profit Slips 4%
BHP has trimmed its sales heading into 2020-21 thanks to the weak global economy, uncertain recovery, the continuing blight of COVID-19 and a restructuring of its minerals portfolio to be done.
Read MorePort Hedland Iron Ore Exports Post Mystery Slump In July
July’s slump in Australian iron ore exports to China from the world’s largest export port at Port Hedland has passed without too much comment, so was it a one-off or was it something deeper?
Read MoreBHP – Credit Suisse rates the stock as Neutral
After a solid (if expected) end to FY20, FY21 guidance across most divisions was lower than expected by Credit Suisse. For some cases like petroleum and met coal, this can be explained by a tough market backdrop, explains the broker.
Read MoreBHP Delivers Record Iron Ore Output But Energy Writedowns Loom
BHP has reported its biggest-ever quarterly output of iron ore from its Western Australian mines, but while its copper business was ok, the oil and gas division fell short of expectations thanks to the impact of coronavirus pandemic cutting demand.
Read MoreNorwegian Sovereign Wealth Fund Emerges On BHP Register
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.
Read MorePilbara Ports Post More Iron Ore Records
Iron ore exports hit record levels in the June quarter and in the year to June, according to figures from the Pilbara Ports Authority. That performance helped total iron ore exports for the year to June from the two major ports – Port Hedland and Dampier jump 3% to a record 717.3 million tonnes.
Read MoreIron Ore Likely To Remain Resilient: Ausbil
The gradual recovery in global economies coupled with curtailed supply are likely to be supportive of Australia’s iron ore prices in the coming months, writes Luke Smith, Portfolio Manager for Ausbil Investment Management.
Read MoreEarnings Season A Covid-19 Casualty, But Miners To Benefit
As we move toward the close of a stunning financial year (for most companies), the sharemarket is bracing for a shocking reporting season. James Dunn takes a closer look at what we can expect.
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