BHP signals its acquisitive intent - but which companies will be on its wishlist?
Will the eye of BHP fall on a major rival, or perhaps a mid-tier company, or even something smaller but with significant growth potential?
Company
BHP Group Ltd
LON:BHP
BHP Group Limited is a global leader in the resources industry. Formed from a merger between BHP and Billiton, the company is a leader in the extraction and sales of most natural resources and is particularly strong in Iron Ore, Coking and Thermal Coal, Copper, Zinc, Oil & Gas, Diamonds and most materials key to the production of steel.
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BHP linked with tilt at Glencore after solid production update
The news follows a solid production statement from the soon-to--be only Aussie listed miner.
BHP and Woodside Petroleum approve Phase 1 development of Scarborough upstream project in Australia
The Scarborough field is located approximately 375km off the coast of Western Australia and is estimated to contain 11.1 trillion cubic feet of dry gas
BHP agrees to sell 80% stake in BMC metallurgical coal JV for up to US$1.35bn
Wood Mackenzie forecasts metallurgical coal demand to increase by 53 million tonnes (Mt) to 346Mt by 2030
King Coal's counter-revolution: can Chinese price caps and ESG edicts turn back the tide?
The coal price is running very hot, and environmental narratives are struggling to keep up
UK dividends roar back in third quarter as miners make handsome payouts
“For the full year, miners will be responsible for nearly £1 in every £4 distributed by UK-listed companies"
BHP ups cash offer for Noront Resources, trumping bid from Wyloo Metals and winning support from Noront
BHP lifted its offer to C$0.75 per share, up 36% from its previous offer of C$0.55 per share and exceeding the C$0.70 per share offer from Wyloo
BHP reports lower iron ore output for quarter, keeps full-year guidance unchanged unlike rival Rio Tinto
BHP kept all of its production and unit cost guidance unchanged for the 2022 financial year
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FTSE 100 ends in the green despite dip in airlines
London's leading index added 13 points (0.19%) to sit at 7,218 bolstered by positivity in the US market which countered headwinds from the airline sector
BHP in talks to buy Western Foreland copper project in the DRC from Ivanhoe Mines - report
A move into the resource-rich yet higher risk DRC would be quite a change for BHP
BHP's Jansen potash project Jefferies "not compelling" on forecast prices
The company has spent US$4.5bn on Jansen since 2008
BHP downgraded at Barclays on China and iron ore concerns
The risk to iron ore prices has arisen much faster than expected
Investments and investor services
BHP will use AI tools developed by Bill Gates-backed start-up to find new critical metal deposits
The principal investors in KoBold Metals are Breakthrough Energy Ventures, a climate technology fund set up by Bill Gates
Cobra Resources says drilling due to start mid-October at the Wudinna gold project
Bullion Drilling has been appointed to undertake a 4,000-metre RC drilling programme
BHP's plans to unify dual-listing gets mixed response, while petroleum exit raises possibility of acquisitions elsewhere
BHP will drop out of the FTSE 100, forcing index tracker funds to sell their shares, if the plan is approved by shareholders
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Today's Market View - BHP, Sunrise Resources, Glencore and more...
Altus Strategies* (LON:ALS) - BUY – Valuation under review – $34m to secure the first revenue generating royalty with more deals to follow Ariana Resources (LON:AAU) – Arzu South drilling results BHP (LON:BHP) - BHP to drop London listing a
BHP unveils record final dividend and plans to end its London dual-listing
The miner plans to pay a record final dividend of US$2.00 per share, bringing its returns to shareholders to more than US$15bn for the full year
BHP approves US$5.7bn spend on Jansen Stage 1 potash project in Canada
BHP also announced the merger of its oil and gas assets with Woodside Petroleum Ltd, its full-year results, and its intention to end its dual listing in London
BHP unveils oil and gas merger with Woodside Petroleum
The new entity would be among the largest independent energy companies in the world
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FTSE 100 finishes ahead, boosted by weaker pound, but US shares lag
The UK's blue-chip index in the green but US markets slide after disappointing retail sales figures
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US stocks push S&P 500 to record high after morning slump
After spending much of the morning on the retreat the S&P 500 rallied to new highs ending the day up 11 points to 4,479
BHP confirms talks with Woodside regarding potential sale of petroleum business
BHP has initiated a strategic review of its petroleum business to re-assess its position and long-term strategic fit in the BHP portfolio
Builders, miners and key economic data figures: key events for coming week
Just Eat will also feature among the big names on the corporate calendar
BHP can face £5bn Samarco dam case in London, appeal judges rule
Samarco's dam failure is one of the worst mining disasters in Brazil’s history
BHP dividend to jump 150% predicts broker
Berenberg believes BHP has significant capacity to pay excess dividends
Elon Musk and BHP agree nickel supply agreement for Tesla
Elon Musk has previously been vocal on Twitter about the need to secure a supply of sustainable nickel
BHP sets record iron ore production from Australia, but results may be overshadowed by Samarco settlement
It will provide an update on the ongoing potential financial impact of the Samarco dam failure when it releases its financial results on August 17
BHP and Anglo American expected to positively surprise with dividend payouts, says UBS
Glencore's dividend announcement is expected to slightly disappoint
BHP shares a sell says Liberum as iron outlook worsens
Even the prospect of record dividends this year is unlikely to drive the shares higher
Five reasons the iron ore price is so high
Dalian iron ore futures rise 10%, prices of steel rebar, hot rolled coils gain 6%, spot iron at US$226 in Singapore
Major mining companies and juniors alike look set to benefit as copper passes its ten year high, and shows little sign of stopping
Copper is commonly said to be the bellwether for the global economy
Majors and juniors set to benefit as copper passes its ten year high, and shows little sign of stopping
Copper is often seen as a bellwether for the global economy
BHP 's forward yield is 10% says Berenberg after raising dividend forecast
Berenberg has raised its final payout forecast to 10% of underlying EPS, or US$1.98 per share
BHP sees iron ore output at upper end of guidance, cuts coal target due to bad weather
Significant wet weather also impacted BHP’s coal operations with the miner lowering its full-year forecasts
Archive
FTSE 100 ends lower as sterling gains more than a cent against the greenback
Sterling is closing in on the US$1.40 level last seen in February
BHP’s Samarco joint venture files for judicial reorganisation
Compensation payments in regard to the the tailings dam disaster in 2015 are ongoing
BHP Group says unlikely to make major acquisitions in near term due to high commodity prices
"Any acquisition has to be for the right assets at the right value," chief executive Mike Henry told an investor briefing
Is the mining supercycle back? And if not, why not?
Shares in the major mining companies are hitting new highs
BHP raises dividend 55% as buoyant iron and copper production swell coffers
Coal impairments meant net profits fell in spite of the good performances elsewhere
BHP improves iron ore and copper guidance after mixed quarter
Iron ore guidance was increased as a result of the restart of the Samarco mine in Brazil last month
Short sellers suffer holiday horror in December, end 2020 with £460mln in losses
Mining giant BHP was the biggest cause of pain for the blue-chip bears as a surge in iron ore prices caused the stock to soar, inflicting losses of £223mln in December alone
Proactive weekly mining highlights: BHP, Shanta Gold, BlueRock Diamonds...
A snapshot of some of the mining stories that made the news over the past week
BHP restarts mining at site of Samarco dam disaster in Brazil
A tailings dam failure led to Brazil’s worst environmental catastrophe with 19 people killed and pollution for hundreds of miles
Short sellers scorched as vaccine news revives battered blue-chips
The bears of the FTSE 100 have unexpectedly found themselves caught in a trap after news that Pfizer's coronavirus vaccine candidate was over 90% effective sent equities soaring on Monday
BHP Group shows progress on several fronts in latest quarterly update
BHP Group is one of the world's largest mining companies
Are miners a buy? This leading broker has an “extreme overweight positioning”
JP Morgan Cazenove's top call is BHP, which it rates 'overweight'
BHP snaps up oilfield stake as it sees potential for crude price upside
“We continue to believe that the fundamentals for oil and advantaged gas will be attractive for the next decade and likely beyond,” BHP said
BHP Group freezes top-level salaries
BHP Group is one of the world's largest mining companies
BHP's dividend cut and Persimmon's modest return illustrate confusing dividend picture
“Investors clearly do not know what is going to happen next and they are acting accordingly,” said one analyst
BHP Group profits for year to June ring in at US$8bn
Work on the company's six major development projects is progressing well
Archive
FTSE 100 closes in the red as firmer pound hits index's giants
The blue-chip benchmark closed down nearly 51 points, or 0.83%, at 6,076
UK’s largest pension fund to exit BHP Billiton in coming days as it starts fossil fuel divestment
The National Employment Savings Trust (Nest) has committed to fossil fuel divestment.
BHP keeps eyes on China as guidance tweaked for 2021
Fourth-quarter production was stronger than analysts expected as the group was less disrupted by the coronavirus pandemic than it anticipated
Have supermarkets seen demand drop as UK opens up from lockdown?
Monthly supermarket sector data is due from Kantar on Tuesday
Archive
Unilever, Vodafone and Centrica among coming week’s big hitters, UK retail sales also eyed
Other companies reporting in the week include a trio of mining majors, software firm Sage Group and telcos Vodafone and TalkTalk
BHP Billiton downgraded by Credit Suisse on lack of ‘real catalysts’
It is now rated as 'neutral' by the Swiss bank and the price target drops to 1,450p.
Decarbonisation trends lead Deutsche Bank to downgrade BHP and upgrade Rio Tinto
“While some of the trends are long term, they matter for equity valuations today,” analysts said
BHP appoints CFO of Australian biotech as new finance boss
David Lamont will join the mining firm in December, returning to the group after previously serving as CFO for the company’s carbon stell materials and energy coal businesses between 2001 and 2006
BHP upped to buy as UBS highlights ‘attractive dividend’
Despite an uncertain outlook for the commodities sector, the Swiss bank said they believed the mining giant's payout "can be sustained"
BHP says business is “resilient” and likely to generate “solid cash flow” in the wake of third quarter production results
Some operations have been shuttered, but others have turned in record performances
BHP gets double boost as two brokers upgrade their ratings on valuation grounds after big coronavirus sell-off
Germany’s Deutsche Bank upgraded its stance on BHP to ‘buy’ from ‘hold’, while cutting its target price to1,450p from 1,750p
Mining sector hit hard as new Chinese data adds to the pain
Oils bore the brunt of the market rout, but the mining sector was a close second
JP Morgan says it's still too early to 'buy the dip' in the mining sector, though its stance is softening
“We think it premature to aggressively ‘buy the dip’ due to the fluid and high-risk impact of COVID-19, but valuation support is now visible across the sector and decisive central bank policy easing lays positive foundations for commodities
BHP maintains guidance but wary over coronavirus
The giant is waiting to see whether the virus will be contained by March
Mining shares fall as coronavirus crisis highlights global dependency on China trade
Markets are sensitive to China's increased significance in global trade flows
The copper price is ticking up, but is there strength in depth in the recovery?
The copper price seems to be on the turn, but how sustainable is the upside?
BHP's new CEO starts with production "on track" for slight improvement
New chief executive Mike Henry started in the role on 1 January 2020
BHP boss retires to take FTSE 100 exodus to 21
In a normal year, the blue chip index might expect to see a dozen CEO departures
BHP approves investment to restart Brazil's Samarco
The new funding is for work related to the restart of one concentrator at Samarco, with the construction of a filtration plant expected to take around 12 to allow production to restart
RBC upgrades BHP to 'outperform', says commodity mix “more compelling” than iron ore-focused peers
The main growth driver will be the petroleum division, where underlying earnings are expected to jump 58% to US$5.1bn by 2025
BHP to make up its mind on $17bn potash project by February 2021
BHP has already sunk US$2.7 billion into Jansen, making it the miner’s largest development in years
BHP Group will be in Thursday’s spotlight as London’s big digger updates on Q3
BHP, WH Smith, Domino's Pizza Group, and Moneysupermarket are all among the notable names in Thursday's diary.
BHP drops as record dividend payout still disappoints
Many analysts had expected a special dividend, which was not forthcoming
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Easyjet profit warning and Royal Mail's turnaround update eyed
Along with easyJet, there are also company updates due from Royal Mail and Anglo American, plus UK retail sales data
Shining some light on the uranium market
The trading of uranium can be a somewhat confusing process, however, there are still ways for retail investors to get involved
BHP inches up as better than expected petroleum production outweighs drop in copper and iron
Production outages and lower grades had dented the group's copper production in its latest full year, while its iron ore inventory had been impacted by a mine fire in the prior year
Archive
FTSE 100 closes in the red as China, US trade worries come back on the agenda
In Europe, the German DAX is around 90 points lower at 12,341, while the French CAC 40 is down around 42
Archive
UK inflation data macro focus for Wednesday, trading updates headline company news
The latest price inflation data, if it once again hits the Bank of England's 2% like last month, could cause some concerns at Threadneedle Street
Investments and investor services
FTSE 100 closes higher on trader hopes of Chinese stimulus
The UK's premier share index finished almost 26 points higher at 7,531, while FTSE 250 gained over 32 points at 19,584
Archive
easyJet tipped to warn on profits amid challenging short-haul airlines market
It looks set to be a busy week of corporate announcements and UK economic data
Investments and investor services
FTSE 100 closes higher as global markets buoyed by Fed's hint on rates
Carnival and Evra were the two big fallers among Footsie constituents
Investments and investor services
FTSE 100 closes higher despite continued trade fears
China has pledged to spend more on infrastructure to offset any downturn caused by Trump’s trade tariffs
Salazar Resources shows it’s possible to make exploration a value proposition, even in these tough equity markets
Salazar's exploration efforts are supported by a consistent income stream
BHP, AstraZeneca and Shell among world’s top divi payers as shareholders gear up for record year of returns
Asset Manager Janus Henderson is predicting that global dividend pay-outs will reach almost US$1.5trn in 2019
The “new” Kincora Copper reveals funding for porphyry discovery drilling
Kincora has a huge swathe of ground in Mongolia which it is now getting ready to drill
Archive
UK’s top 40 companies gain momentum at start of 2019 as profits sink for the rest
Higher earnings from blue-chip firms such as Lloyds and HSBC helped send overall profits for the UK's largest firms 11% higher in the first quarter, while the rest of the corporates saw theirs tumble 18%
BHP Group to defend US$5bn lawsuit relating to 2015 tailings dam failure in Brazil
The lawsuit had been widely anticipated by the market
Ausmex Mining to direct $7 million cash injection to Queensland-focused exploration
Its focus is on ground in Tier 1 provinces, such as on the Mt Freda complex in Queensland and an Olympic Dam structural corridor in South Australia.
BP sees first-quarter profit drop by almost a third but still beats forecasts as higher production offsets lower oil prices
For the quarter ending 31 March 2018, the FTSE 100-listed firm saw its underlying replacement cost profit fall to US$2.4bn, down from US$2.6bn a year earlier but above forecasts for US$2.6bn
Archive
FTSE 100 closes in the red as resource stocks come off the boil
After hitting a six-month high on Tuesday afternoon, London's blue-chips took a step back on Wednesday
BHP dented by UBS downgrade as bank sees commodity risk capping share price upside
UBS said the miner’s shares were up 15% in the year-to-date on the back of higher iron ore prices, however, these were expected to “fall back” over the next 12 months amid a normalisation of supplies from Australia and a recovery in output
Analysts remain cautious on the outlook for iron ore, in spite of ongoing positive supply-demand dynamics
The iron ore price remains high, following Vale's tailings dam disaster
While UK dividends hit record £19.7bn in first quarter, some FTSE 100 companies could be headed for cuts
Basic measures like dividend cover suggest a number of blue chips might be struggling to maintain their payouts at current levels
BHP joins Rio Tinto in cutting its 2019 iron ore output to reflect the impact of tropical cyclone Veronica
The FTSE 100-listed firm lowered its 2019 iron ore production forecast to 265mln-270mln tonnes, down from the 273mln-283mln tonnes expected previously
Archive
FTSE 100 closes near break-even as traders fear China growth may be unsustainable
On Wall Street, stocks were in the red at the time of writing despite positive Chinese data and a batch of positive earnings reports
Kogi Iron negotiates funding proposals to advance Nigerian cast steel project DFS
The company is hoping to reach targeted funding agreements with various parties.
Archive
Inflation data to take macro spotlight on Wednesday, BHP top-billed for company news
UK inflation figures recently dropped below the Bank of England’s 2% target rate following lower commodity prices at the end of 2018
Cassini Resources moves toward Nebo-Babel PFS milestone with OZ Minerals
JV partners CZI and Oz Minerals aim to confirm the West Musgrave project's potential with a Nebo-Babel PFS.