RHJ/iStock via Getty Images Global demand for nickel will surge as much as fourfold over the next 30 years as electric vehicles almost entirely replace traditional cars, a BHP (NYSE:BHP) executive said at a conference in Sydney early Thursday. “We anticipate demand for nickel in the next 30 years will be 200% to 300% of … Read more
Hello my names is james,I’m photographer./iStock via Getty Images BHP (NYSE:BHP) will be restrained about M&A opportunities and look to exploration, organic growth and higher productivity to raise its output, CEO Mike Henry said Friday. Bumper profits last year mean BHP (BHP) has a sizeable war chest at its disposal, but “we want to be … Read more
Aerospace and defence group Lockheed Martin plans to boost the annual production rate of its Himars, the rocket launcher that has become a critical weapons system for the Ukrainian military in its fight against Russia. “We started the year at 48,” which has been “stepped [up] to 60” since Russia’s invasion, chief operating officer Frank … Read more
BHP said it would return a record amount of cash to investors as surging coal prices helped the world’s biggest miner deliver a 26 per cent increase in annual profits. The Australian company declared a final dividend of $8.9bn, or $1.75 per share, taking total payments for the year to $16.5bn, the highest disbursement in … Read more
BeyondImages/iStock via Getty Images BHP (NYSE:BHP) reported its largest-ever full-year profit on Monday, with record underlying earnings of $40.6B, record free cash flow of $24.3B, and record annual sales from Western Australia Iron Ore. BHP’s (BHP) total underlying profit jumped 39% Y/Y to $23.8B in the year to June 30, easily beating the analyst consensus … Read more
Breadcrumb Trail Links PMN Business (Bloomberg) — BHP Group, the world’s biggest miner, posted its highest ever full-year profit on record commodity prices and will push ahead with growth options on a stronger demand outlook in China. Author of the article: Bloomberg News James Fernyhough A freight train carrying iron ore travels towards Port Hedland, … Read more
CUHRIG/E+ via Getty Images BHP’s (NYSE:BHP) A$8.4B (~US$5.8B) takeover offer Oz Minerals (OTCPK:OZMLF) was rejected early Monday as significantly undervaluing the Australian-based copper and gold mining company. Oz Minerals (OTCPK:OZMLF) said it received the unsolicited proposal on August 5 to acquire its shares for A$25/share (US$17.30), a 32% premium to the stock’s Friday closing price … Read more
CUHRIG/E+ via Getty Images BHP (NYSE:BHP) missed estimates for Q4 iron ore production but said it expects to increase production of commodities in the year ahead after output in FY 2022 was slowed by wet weather and a tight labor market. In its latest operations update, BHP (BHP) reported Q4 production of iron ore from … Read more
Nadhim Zahawi, the new chancellor, will on Tuesday commit to bringing down inflation and rule out borrowing for tax cuts, in a sign that he will continue with the fiscal policies of his predecessor Rishi Sunak. In his first speech since being appointed, Zahawi will also endorse Sunak’s plan for a radical overhaul of post-Brexit … Read more
Breadcrumb Trail Links PMN Business BHP Group Ltd. will accelerate the start of a $5.7 billion potash project in Canada as high gas prices and curbs on key exporters disrupt fertilizer supply chains. Author of the article: Bloomberg News David Stringer Fertilizer stored in a warehouse at a farm near Brasilia, Brazil, on Friday, March … Read more