Moody’s a Big Fan of BHP’s OZ Moves
Ratings agency Moody’s certainly likes BHP’s appetite for OZ Minerals and the benefits it sees in the deal, believing all BHP has to do lift its $25 per share offer to win over the OZ Minerals board.
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Let the Games Begin for the BHP-OZL Olympiad
After BHP lobbed its $8.3 billion all-cash bid for OZ Minerals on Monday morning, the future for the targeted company is clear – it will not be allowed to remain independent.
Read MoreNickel and Dime Stuff Key to BHP’s Future
Nickel still retains the affection of BHP which, three years after failing to sell its Nickel West business, now sees the metal as part of its future deeper involvement in renewables.
Read MoreBHP Pushes Back Hard on Queensland Coal Royalties
BHP has made the strongest warning yet from a coal miner about the potential damage the lift in royalties from the Queensland government in its 2022-23 budget might cause.
Read MoreOre Struggles Reach the Big End of Town
While meeting its record guidance for the full-year, BHP has joined its major iron ore rival Rio Tinto in warning investors about the uncertain outlook for the company and its commodities.
Read MoreBHP – Credit Suisse rates the stock as Neutral
In case of a recession, Credit Suisse sees BHP as remaining more resilient than Rio Tinto. $40 target and Neutral rating retained.
Read MoreBHP Considering its Options after Samarco Ruling
BHP is thinking of appealing the British court ruling on Friday in a £5 billion lawsuit brought against it by Brazilian claimants who are suing over the tailings dams disaster in 2015.
Read MoreBHP – Credit Suisse rates the stock as Neutral
The Neutral rating is retained, while the target price falls to $40 from $50
Read MoreBHP – Macquarie rates the stock as Outperform
The Outperform rating and target price of $51.00 are retained.
Read MoreBHP Left Holding 5.5% of New US Copper Listing
BHP has emerged with a 5.5% stake in Ivanhoe Electric, the biggest copper explorer to list on Wall Street for some time.
Read MoreWinners and Losers in NSW / Queensland Budgets
Budget tax moves have seen coal miners up in arms about a rise in royalties in Queensland, but Tabcorp is happy about the NSW Government’s changes to gambling taxes.
Read MoreJansen’s Long-Term Gain for BHP’s Short-Term Pain
Amid the short-term weakness in the BHP share price, the company’s huge Jansen potash project in central Canada is becoming ever more integral to its future plans.
Read MoreBHP to Retain Mount Arthur after Sale Fail
BHP has announced that its high-quality Mount Arthur thermal coal mine cannot be sold and will be run (NSW government approval permitting) until the end of the decade and then closed.
Read MoreWoodside-BHPP Marriage Comes with Hefty Dowry
Woodside Energy says it has completed its merger with BHP’s oil and gas portfolio and new Woodside shares will start trading this week.
Read MoreBHP Leads the Way in Record Dividend Payout Year
2021 saw a surge in global dividend payments to shareholders to record levels after they had sagged in the first year of the pandemic in 2020, with BHP at the very top of the list.
Read MoreBHP – Macquarie rates the stock as Outperform
The broker maintains its Outperform rating. The target price of $60 is unchanged.
Read MoreOre Solid, but BHP Not Immune to Covid
BHP did much better in its key iron ore business than rival Rio Tinto did, although the surge in WA Covid infections and associated labour shortages in hit its nickel and copper operations.
Read MoreBHP – Macquarie rates the stock as Outperform
The Outperform rating and target price of $61.00 are retained.
Read MoreBHP Leads Local Market to Outperformance in 1Q22
BHP’s restructure and vaunted image as a global mining leader, especially when it comes to renewables, played a key role in the local sharemarket’s strength in the first quarter of 2022.
Read MoreBHP – Macquarie rates the stock as Outperform
The Outperform rating and target price of $61.00 are retained.
Read MoreUkraine Crisis May Be a Game-Changer for BHP’s Jansen
Suddenly, thanks to the Ukrainian invasion, the outlook for BHP’s Jansen potash project is looking much rosier, with Russia and Belarus the world’s second- and third-largest potash producing countries.
Read MoreBHP Finds Canadian Plan B After Noront Miss
After dropping out of the battle for Noront Resources, BHP has found another Canadian explorer it likes which has a huge emerging copper, gold silver deposit in a country it also likes – Chile.
Read MoreUpbeat BHP Delivers Strong Result, Record Dividend
Nothing like having a better-than-expected result and a tasty reward for shareholders under the belt and so it was with BHP, with a big rise in profit and a record interim dividend.
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Reunified BHP Already Wielding its Influence
The first day of trading in reunified BHP shares under the sole ASX listing was a reminder of where the real weight lies when it comes to the ASX 200’s diurnal ebbs and flows.
Read MoreFunds, Traders Set their Books for BHP 2.0
More than $15.3 billion worth of BHP shares were traded on Friday ahead of today’s commencement of higher market weightings in the major ASX indices for the mining giant.
Read MoreUK Vote Ratifies Local Decision for BHP
BHP shareholders in London have joined their Australian counterparts in approving plans to scrap the group’s dual listing and move the main stock market listing to the ASX.
Read MoreLocal Holders Heartily Endorse BHP Restructure
BHP shareholders in Melbourne on Thursday night voted overwhelmingly to return the company back to a single listing after 21 years of dual quotation in London and Australia.
Read MoreBHP – Credit Suisse rates the stock as Neutral
Target price rises to $43 from $41 to reflect the strong December quarter. Neutral rating retained given recent share price strength.
Read MoreStrong Production Numbers a Sweetener for BHP
Ahead of today’s key shareholder vote to unify its corporate structure, BHP has produced a reassuring half year production and sales update – especially for iron ore.
Read MoreVanguard Gives Window into Fundies’ Treatment of BHP
Ahead of the BHP unification, US-owned fund manager Vanguard Australia has revealed its rebalancing strategy and warned of some transitory risks to some of its funds.
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No Resolution on Noront for BHP and Wyloo
BHP told the ASX on Monday the two sides were unable to reach agreement on Wyloo, which owns 37.5 per cent of Noront, supporting a takeover by BHP.
Read MoreBHP – Morgans rates the stock as Add
Target falls to $45.70 from $46.05, Add retained.
Read MoreStanmore Soars on News of BHP Coal Deal
Shares in Stanmore Resources soared as much as 24% on Monday and closed up 14% after announcing a deal to buy low grade metallurgical coal assets from BHP for $A1.8 billion.
Read MoreBHP, Wyloo Break Bread on Noront
BHP is talking to Andrew Forrest’s Wyloo Metals about their respective bids for Noront Resources, which holds some of the most attractive prospects in the emerging Ring of Fire province in Canada.
Read MoreRenewed Pressure on Prices Hits Iron Ore Majors
After several days of going nowhere, news from China sent iron ore prices lower on Thursday, just as some of the big boys revealed cuts to output due to the uncertain global outlook for 2022.
Read MoreNoront Bidding War Continues as BHP Ups Offer
A day after would-be Canadian nickel miner Noront Resources chose the higher offer 70 cents a share (Canadian) from Andrew Forrest’s Wyloo Metals, BHP has hit back with a higher offer of its own.
Read MoreIron Ore Exports Remain Weak for BHP
BHP has joined rival Rio Tinto in revealing a weak performance in its core Australian iron ore export operation in the Pilbara, failing to match last year’s output for the third consecutive quarter.
Read MoreBHP Continues Drive into EV with Japanese JV
BHP has reached a deal with a battery-making joint venture between Toyota Motors and Panasonic, thereby greatly expanding the company’s footprint in the rapidly growing electric vehicle business.
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