Tag: BHP

BHP (ASX:BHP) has delivered a strong operational performance in Q1 FY2025, marked by a 4% increase in copper production to 476 kt and a 2% rise in iron ore output to 65 Mt.

In today’s market, miners looking to stand out need exposure to copper, the critical commodity expected to soar in value as the energy transition wraps the globe in electrical infrastructure. BHP ASX:BHP) is no exception.

In a statement that is likely to ruffle feathers in the boardrooms of many mining companies, BHP (ASX:BHP) has predicted a challenging future for the iron ore market. The Australian mining giant believes that the commodity's days of soaring prices are over, citing China's economic slowdown and increased supply as key factors.

Moody's Ratings gave BHP's (ASX:BHP) 2023-24 results a thumbs up, despite multi-billion-dollar impairment losses on its nickel business and involvement in the Samarco mine dam failure in Brazil nine years ago.

BHP (ASX:BHP) has reduced its final dividend to 74 US cents per share from the previous year's final dividend of 80 US cents, following a slight increase in operating profit for the year ending June.

BHP (ASX:BHP) has released its initial estimate of the Oak Dam prospect in South Australia, revealing a substantial underground copper and gold deposit. Located 65 kilometres from the company’s massive Olympic Dam mine, the deposit contains an estimated 1.3 billion tonnes of copper and gold.

Two months after avoiding BHP (ASX:BHP), Anglo American has started cleaning up its confused businesses by taking a fresh $1.6 billion write-down on its Yorkshire fertiliser mine in the UK.

If BHP (ASX:BHP) had managed to win control of Anglo American and its 700,000 or so tonnes of annual copper production, would the company’s head of copper in South Australia, Anna Wiley, have stepped up this week and laid down a very upbeat outlook for the company’s position in the red metal?

BHP's (ASX:BHP) unsuccessful takeover attempt of Anglo American has invigorated the mining industry, boosting share prices and highlighting the sector's critical role in decarbonizing the global economy. Now, the challenge for executives is to convert this attention into the financial support needed to produce the metals required for renewable energy infrastructure.

BHP Group (ASX:BHP) disclosed a revised proposal for merging with Anglo American plc (Anglo American), and in response, the Board of Anglo American extended the offer deadline to the 29th of May 2024. BHP welcomed this extension as an opportunity to address concerns raised by Anglo American regarding its proposal. Since then, BHP has engaged extensively with Anglo American and its advisers to resolve these matters.

BHP (ASX:BHP) and Anglo American have yet to agree on terms for their £39bn mining megamerger, raising the stakes as the deadline for negotiations looms on Wednesday.

BHP (ASX:BHP) has seen initial signs of positive engagement regarding its proposed £38.6bn takeover of Anglo American. The two companies have agreed to extend talks by a week, aiming to finalize what could be the mining sector's largest-ever deal.

So, we're now at the pointy end of BHP's (ASX:BHP) monthly long attempt to grab its stumbling rival, Anglo American.

Shares in BHP Group (ASX:BHP) closed at a three-month high on Tuesday, 36 hours ahead of a deadline to lodge a formal bid for rival miner Anglo American, which last week rejected a sweetened $US43 billion takeover offering.

Anglo American shares initially fell but later rose to close higher on Tuesday after the embattled miner laid out its response to BHP’s two spurned takeover offers.

Less than a day after rejecting BHP’s (ASX:BHP) second takeover offer, Anglo American says it is starting its so-called Plan B to revamp itself—and do several things that BHP wanted, such as getting rid of some assets.

BHP (ASX:BHP) has made a second attempt to buy Anglo American, offering a revised bid worth 34 billion pounds or $US42.7 billion — and Anglo immediately rejected it for a second time.

BHP’s (ASX:BHP) ambitions to buy Anglo American are facing problems in Brazil – not from competition and ownership concerns over Anglo’s iron ore business in that country, but from the growing argument with the government over compensation for the 2015 Samarco dam wall collapse and disaster.

BHP (ASX:BHP), the global mining juggernaut, finds itself at a crossroads as it grapples with significant challenges in its Western Australian (WA) nickel operations and contends with the aftermath of the Samarco dam collapse.

The likelihood of BHP (ASX:BHP) being compelled to impair the value of its Nickel West business and potentially consider its closure has increased. This development comes after the mining company confirmed the necessity of placing a crucial plant component on a care and maintenance basis.