BHP suspends nickel mining in WA amid global oversupply
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BHP (ASX:BHP) has bitten the bullet and will suspend nickel mining in WA, warning of a full-year loss in its nickel business.
Read MoreBHP (ASX:BHP) has bitten the bullet and will suspend nickel mining in WA, warning of a full-year loss in its nickel business.
Read MoreIf 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?
Read MoreBHP'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.
Read MoreBHP (ASX:BHP) shares rose slightly after it withdrew from its attempt to buy Anglo American, but the latter’s shares fell nearly 4% in the wake of its refusal to continue talking on the proposal from the world’s biggest miner.
Read MoreBHP 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.
Read MoreBHP (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.
Read MoreNow for the Pilbara battle of the trucks: BHP (ASX:BHP) and Rio Tinto (ASX:RIO) are commencing joint trials on battery-electric trucks, while smaller rival Fortescue has already initiated trials with a green hydrogen-powered vehicle.
Read MoreBHP (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.
Read MoreIn a significant turn of events within Australia's mining sector, Resources Minister Madeleine King and West Australian Premier Roger Cook have voiced strong criticism against BHP (ASX:BHP), one of the nation's leading mining companies. Their discontent stems from BHP's contemplation of either closing down or selling its Nickel West operation, a move that could potentially result in job losses and economic repercussions.
Read MoreSo, we're now at the pointy end of BHP's (ASX:BHP) monthly long attempt to grab its stumbling rival, Anglo American.
Read MoreShares 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.
Read MoreAnglo 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.
Read MoreLess 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.
Read MoreBHP (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.
Read MoreBHP’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.
Read MoreMeetings this week of shareholders in Anglo American in London and Rio Tinto (in Australia) will continue to focus on the fate of BHP $A60 billion all-share offer for the London-based miner.
Read MoreBHP's (ASX:BHP) decline weighs on shares, while traders anticipate no interest rate cuts in 2024 due to Australian inflation surpassing expectations, causing Australian bond yields to rise significantly and prompting a notable decrease in the S&P/ASX 200 index, particularly impacting interest rate-sensitive sectors such as real estate, financials, and technology.
Read MoreShares in BHP (ASX:BHP) will come under pressure on the ASX on Friday after it confirmed it had made an unsolicited all-paper takeover offer for Anglo American, with a value of around $60 billion.
Read MoreBHP (ASX:BHP) is confident it is heading for a solid production and sales performance for most of its portfolio by June. The company said on Thursday it remains on track to meet copper, iron ore, and energy coal production for the year.
Read MoreBHP (ASX:BHP) and its partner, Mitsubishi Development, have completed the sale of their unwanted central Queensland coal mines at Daunia and Blackwater to Whitehaven Coal (ASX:WHC).
Read MoreCurious about how BHP (ASX:BHP) and Newmont/Newcrest will react to the news that London-based, Ecuador-focused SolGold has garnered a new ally in the form of the country's government and a $US2.3 billion investment?
Read MoreQuietly, an American appeals court has given a new lease of life to the chances of a new copper mine in Arizona, promoted by Rio Tinto and BHP for years. However, there’s still a long way to go, and there is no certainty the mine will ever be built despite this favorable ruling.
Read MoreBHP (ASX:BHP) has slashed its interim dividend after net earnings plummeted 86% to just $US927 million.
Read MoreBHP (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.
Read MoreThe 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.
Read MoreSouth Australia has quietly emerged as BHP’s (ASX:BHP) future, with the company's December quarter and half-year report hinting at a massive extension of its already huge Olympic Dam copper, gold, silver, and uranium deposit.
Read MoreIron ore looks good, nickel faces challenges, coking coal struggles, thermal coal holds steady, and copper shines in BHP's (ASX:BHP) December quarter and half-year production and sales reports.
Read MoreAustralian mining giant BHP (ASX:BHP) has decided to pull out of a deal with Havilah Resources (ASX:HAV), dealing a significant blow to the development of the Kalkaroo copper and gold project in northeastern South Australia.
Read MoreBelievers like BHP in China's economy, and the stimulus it brings to countries like Australia, remain steadfast even as the country's property sector groans under bad debts and failures, and the government outlines even more financial support.
Read MoreBHP (ASX:BHP) has increased the value of its massive Jansen potash project to over $23.5 billion, with the approval of Stage 2 in Saskatchewan, Canada. This stage will cost approximately $4.9 billion, following BHP's previous approval of $5.7 billion for Stage 1 and a pre-Jansen Stage 1 investment of $4.5 billion in August 2021.
Read MoreBHP (ASX:BHP) has left its 2023-24 production guidance unchanged after making a solid start to the year in the three months to September 30.
Read MoreTypically, corporate fixed-interest fund raisings don't make headlines, but when it's BHP, the world's largest mining company and a major player in financial markets, a substantial $US4.7 billion debt issuance demands close attention.
Read MoreContrary to sensational headlines, the 37% drop in earnings and subsequent dividend reduction from BHP, the global resources company, shouldn't come as a shock.
Read More20 Jul 2023 – BHP (ASX:BHP) has released its operational review for the financial year ended 30 June 2023.
Read More19 Jul 2022 – Fund Manager Chris Pedersen discusses inflation, iron ore, BHP Group, Rio Tinto, Fortescue Metals Group, Deterra Royalties.
Read MoreBHP (ASX:BHP) has announced that it will not accelerate its decarbonisation plans beyond its existing target of reducing emissions by 30 percent by 2030. The company’s head of management, Graham Winkelman, made this statement during an investor briefing, emphasising that BHP intends to focus on taking concrete actions to address its scope 1 and 2 emissions.
Read MoreBHP has confessed to short-changing more than 28,000 current and former workers by millions of dollars on certain entitlements and allowances.
Read MoreThe March quarter saw Rio Tinto retain its position as the world’s biggest iron ore company, while major rivals BHP and Brazil’s Vale marked time or lost ground.
Read MoreMincor has revealed that BHP had refused a request to alter its nickel ore offtake agreement, throwing a big roadblock in the way of the company’s ambitions moving forward.
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