UK 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.
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Local 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.
Read MoreGods Smiling on Marriages Made in Heaven
The gods are smiling on our two big energy sector marriages – BHP selling its oil and gas operations to Woodside and its own shareholders, and the Santos swallowing of Oil Search.
Read MoreOld Habits Die Hard for BHP
After a big PR campaign extolling its virtues as a major green player, BHP now wants to expand a coking coal mine in Queensland that is going to test those green credentials for both the company and regulators.
Read MoreBHP Fleshes Out Jansen Strategy
For the first time BHP has put some substantive flesh on the sales side of its multi-billion-dollar plunge into potash, reporting non-binding deals for up to 100% of future production from its Jansen project in Canada.
Read MoreBHP Playing Board Games Ahead of Revamp
As BHP moves towards a major revamp, it has revealed it is going to lose two directors and has asked a third who planned to retire to hang on for another year to help oversee the changes.
Read MoreBHP, Fortescue’s Forrest in Canadian Standoff
BHP has reiterated its determination to take over Canadian nickel explorer Noront Resources, despite a mooted higher offer from Fortescue Metals chairman Andrew “Twiggy” Forrest’s Wyloo Metals.
Read MoreGetting to the Root of BHP’s Potash Move
With the huge news of BHP’s exit from oil and gas and proposed entry into potash, we thought it apropos to do a deeper dive into the reasons behind the move and what it means for The Big Australian moving forward.
Read MoreBHP – UBS rates the stock as Neutral
UBS believes the risk/reward is balanced, with cash returns and restructuring supportive, although notes iron ore prices remain vulnerable. Neutral rating and $42 target retained.
Read MoreBHP – Morgans rates the stock as Hold
Morgans maintains its Hold rating and edges up its target price to $45.90 from $45.50.
Read MoreGreen Pivot a Reality for BHP: Oil Out, Potash In
News that BHP was exiting carbon and becoming ‘greener’ via its Jansen potash project in Canada was overshadowed by the 2020-21 result, huge dividends and the Woodside Petroleum deal.
Read MoreBig Australian, Big Spoonful of Sugar
A series of announcements from BHP on Tuesday with a lot of naughts and a historic, company-changing restructure that will see a long-term boost to the value of the company’s share price.
Read MoreBHP Not Ready to Let Go of Oil Just Yet
BHP reminded us on Friday that its fortunes are still tied to carbon and fossil fuels, announcing two oil related investments worth $US804 million or more than $A1 billion.
Read MoreGreen Pivot Continues for BHP, RIO
BHP and Rio Tinto have revealed new offshore plays to get deeper into the renewable commodities sector: a Canadian nickel company for BHP and
a big Serbian lithium mine for RIO.
Jansen Potash Project the Ace in BHP’s Hole
Even though its board is yet to approve the multi-billion dollar project, BHP seems to be pushing hard towards a greenlight for the first stage of its Jansen potash mining project in Canada.
Read MoreNickel 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.
Read MoreBHP 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.
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