Australian 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.
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Believers 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.
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BHP (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.
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BHP (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.
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Typically, 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.
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Contrary to sensational headlines, the 37% drop in earnings and subsequent dividend reduction from BHP, the global resources company, shouldn't come as a shock.
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20 Jul 2023 – BHP (ASX:BHP) has released its operational review for the financial year ended 30 June 2023.
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19 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.
Read MoreThe news has slipped past most investors, but the copper mining interests of BHP, Rio Tinto and South 32 look likely to escape any punitive new taxes from the leftist government of Chile.
Read MoreDespite sharp falls in revenue, earnings and dividends for the December half year, BHP Group CEO Mike Henry remains pretty upbeat about the rest of the financial year and into 2024.
Read MoreBHP’s half-yearly report revealed solid production and sales volumes but significantly weaker prices in the six months to December than in the same period of 2021.
Read MoreWedding bells continued to sound across the gold mining industry over the Christmas-New Year break, following on from the trend that emerged earlier in 2022.
Read MoreBHP has won out in its pursuit of OZ Minerals, with the copper company’s board agreeing to a higher $28.25 a share offer, giving OZ an enterprise value of $A9.6 billion.
Read MoreOZ Minerals and BHP have resumed their marriage talks trying to find a dowry in the form of an offer price that will appeal both to shareholders and the market generally.
Read MoreA 46% slump in operating profit for Brazilian iron ore giant Vale is an early indication of the damage the recent price weakness is doing to the profits of BHP, Rio Tinto and Fortescue.
Read MoreOZ Minerals did its defence against BHP’s $25 per share offer no favours yesterday with the second full-year profit downgrade in the space of a quarter.
Read MoreCoal companies operating in Queensland are starting to report the significant impact of the new royalty regime and its potential to deter future investment in the state.
Read MoreBHP has followed Rio Tinto’s weak lead from Tuesday by leaving an underwhelmed market pondering the details of its 2023 first quarter report yesterday.
Read MoreBHP shareholders can thank the great global coal price boom – especially thermal coal – for the largesse of record dividends for the year to June, with $A23 billion set to be paid out.
Read MoreBHP will pay record full year dividends totalling $US16.3 billion ($A23.2 billion) after reporting the second-biggest profit in the company’s history in the year to June 30.
Read MoreRatings 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.
Read MoreAfter 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 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 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 MoreWhile 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 MoreIn case of a recession, Credit Suisse sees BHP as remaining more resilient than Rio Tinto. $40 target and Neutral rating retained.
Read MoreBHP 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 MoreThe Neutral rating is retained, while the target price falls to $40 from $50
Read MoreThe Outperform rating and target price of $51.00 are retained.
Read MoreBHP has emerged with a 5.5% stake in Ivanhoe Electric, the biggest copper explorer to list on Wall Street for some time.
Read MoreBudget 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 MoreAmid 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 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 Energy says it has completed its merger with BHP’s oil and gas portfolio and new Woodside shares will start trading this week.
Read More2021 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.
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DOWNLOAD RESEARCH REPORTSecures binding contract with Tier-1 OEMUS based anode active project gathers momentumMagnis Energy Technologies (MNS.ASX) – MNS is planning an anode active facility in the US and recently announced a binding, yet conditional, contract for the supply of anode active with Tesla. The contract is for a minimum 17.5kt/year with an option to purchase another 17.5t/year. Conditions precedent carry a tight development timeframe, with first production scheduled for February 2025. Site selection is underway and co-locating with an OEM on a brownfields site makes sense. Long lead items have been ordered and detailed engineering and design is expected to commence soon. |
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December Quarterly Report: Q2 FY2023Looking past the rain – there’s a rainbow.TerraCom released their operating results for the December quarter FY2023 with operating metrics being in line with our forecasts. Unseasonal rains in both Australia and South Africa contributed to operational and logistical issues across all mines, however guidance for annual production at Blair Athol is unaffected and highlights the quality of TerraCom’s skills in operational management. We continue to like the stable operating metrics around the company’s Australian operations and see potential for the South African operations to benefit from increased management focus given the rationalisation of operations following the closure of the Ubuntu mine. Corporate Connects overall financials remain unchanged as does our target price of $1.35 share. We maintain our forecast for a fully franked quarterly dividend of 7.5c/share to be paid in the March and June quarters of FY2023. |
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DOWNLOAD RESEARCH REPORTHigh performance synthetic anode & cathode materials Building a US based materials supply chainNOVONIX (ASX:NVX) – is scaling a synthetic anode materials plant in the US and piloting nickel rich cathode material in Canada. Why? China is dominant and growing – 100% of global natural anode and 68% of synthetic anode is refined in China. In short, China controls the global midstream battery chain by controlling 60% of chemical refining, 87% of anode manufacturing, 61% of cathode manufacturing and 73% of battery manufacturing. It is global battery supply and price domination at scale. |
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DOWNLOAD RESEARCH REPORTAntisense Therapeutics (ANP) Taking a Quick Approach to Long COVIDThis report looks at the results of a collaborative study Antisense undertook which looked at the largest protein expression database in Long COVID-19 patients who experienced neurologic symptoms well after the primary or acute SARS-CoV-2 infection was considered over (Groups 1 & 2, with 48 subjects Group 2 comprising a single patient from a different clinical site). The symptoms and others experienced by such patients result in a highly significant amount of illness, possibly more than all primary SARS-CoV-2 infections i.e COVID-19. |
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DOWNLOAD RESEARCH REPORT4Q reveals more focus on profit and cash flow• LBY’s 4Q FY22 quarterly activities update showed continued solid growth in top line metrics, albeit slowing, with GMV of NZ$203m (+26% on pcp) and income of NZ$12.1m (+23% on pcp).
• Net Transaction Margin (NTM) disappointed at -0.5%, due to further increase in credit losses from 4.0% to 4.9% of GMV. However, new fraud and credit risk management tools have seen losses recover materially with NTM back to 1.2% in March and LBY is confident of further recovery in coming months.
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DOWNLOAD RESEARCH REPORTSigns MOU with Ford Company – Kachi is now sold out!Lake Resources (LKE. ASX) – LKE has signed two non-binding MOU’s in the space of 10 days. Ford Company (Ford) has signed an MOU for ~25,000t/year and last week Hanwa, a Japanese commodity trader signed a MOU for up to 25,000t/year. Subject to execution, this is an amazing feat as Ford and Hanwa are prepared to enter into longer-term strategic partnerships with LKE. Commercial negotiations are still ongoing but are expected, especially if Ford & Hanwa inject new equity into LKE, to further de-risk the project financing & thus ensure LKE and Kachi are fully funded. |
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DOWNLOAD RESEARCH REPORTStrategic Vanadium-battery growth with Titanium & Iron earnings resiliencyTNG Ltd is an ASX-listed technology owner and developer of the world-class Mount Peake near-surface vanadiferous titanomagnetite deposit. To unlock value, TNG will concentrate ore from its central Northern Territory mine for processing through its patented TIVAN® process produce three premium quality revenue streams: hi-purity vanadium pentoxide (V2O5) for steel alloys and Vanadium Redox Flow batteries, a quality titanium pigment for paints and a premium steel input with >64%Fe iron ore fines. |
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Promising exploration and development update while SOP prices continue to riseTwo recent gravity surveys have considerably exceeded expectations and revealed potential for extensions to the existing MRE at Lake Throssell, plus a material growth opportunity at Lake Yeo. This reinforces the potential for a multi-decade, Tier-1 SOP production hub based around Lake Throssell. TMG is currently completing work towards the PFS due early 2023, including drilling to start in Q3 2022, evaporation trials and permitting activities. Results from these programs will support the PFS and any future resource upgrade. Benchmark SOP prices have risen to ~US$940/t due to recent geopolitical developments. The Oct 2021 Scoping Study assumed a SOP price of US$550/t and contained a sensitivity analysis showing every 10% increase in price drives a +$144m increase in the project NPV of $364m. The c.70% increase above the Scoping Study thus implies a project NPV of ~$1.4bn. |
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DOWNLOAD RESEARCH REPORTIncreasing our TargetDespite the lower realised oil and gas price, which fell by 5.4% and 19.7% respectively in August, Calima managed to show improvement in its key business metrics. We expect higher production in November due to the contribution by the new Thorsby wells which will be drilled in August/September which will see Calima meet its 2021 production guidance of 4,500 boe/d. |
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DOWNLOAD RESEARCH REPORTEmerging Financial Wealth Advisory GroupWT Financial Group Limited (WTL) is a growing diversified financial services company, founded in 2010 and listed on the Australian Stock Exchange (ASX) in 2015. Its advice and product offerings are delivered primarily through a group of independent financial advisers operating as authorised representatives of WTL under its Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group) dealer group operations. It has around 275 advisers across more than 200 financial advice practices Australia-wide. It also operates a direct-to-consumer operation under its Spring Financial Group brand. |
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DOWNLOAD RESEARCH REPORTImmutep Taking the Fight to CancerIn May 2021, Corporate Connect analyst Marc Sinatra published a comprehensive research report on ASX-listed biotech Immutep Ltd (ASX: IMM). So impressed was he with IMM that Corporate Connect felt it imperative that a follow-up report be released placing a valuation on the company, because the market was not seeing the vast potential of eftilagimod alpha (efti). This follow-up report has been released today. Using comparables, after adding cash back to their EV estimate and dividing by the total number of issued shares, Corporate Connect now places the fair value of an Immutep share at $A2.20. |
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DOWNLOAD RESEARCH REPORTMarket leading lifelong learning platform technology company in Australia and SE AsiaPayGroup (PYG) delivers multi-country BPO services and cloud SaaS HCM solutions, assisting companies to manage employees in multiple, complex jurisdictions. The company has many growth opportunities, including new clients, new jurisdictions, new products, partner expansion, and new revenue sources. PYG’s scalable business model allows operating leverage and with savings from in-housing third party technology, support margin expansion. |
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DOWNLOAD RESEARCH REPORTMarket leading lifelong learning platform technology company in Australia and SE AsiaOpenLearning (OLL) is a higher education technology company that operates a scalable online learning platform through a software-as-a-service (SaaS) business model and provides a global marketplace of high quality courses for learners of all levels. Its primary customers are education providers based in Australia and South-East Asia (primarily Malaysia). OLL started operations in Australia in 2012 and expanded to Malaysia in 2015, Singapore in 2018, and recently also Indonesia. |
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