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
Dazman/E+ via Getty Images BHP (NYSE:BHP) reported Wednesday its iron ore production rose in the first quarter of its fiscal year, reflecting continued strong supply chain performance and lower COVID-19 related impacts than the prior quarter. The world’s largest miner by market value said it produced 65.1M metric tons of iron ore in the quarter, … 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
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