BHP signs off Samarco Dam settlement nine years after the event
- BHP Group Ltd (LSE:BHP, ASX:BHP)has agreed a final settlement with the Brazilian government over the Samarco dam disaster in 2015. Owners Vale, BHP and Samarco will pay totalling 170bn Real (Brl) across three lines: Brl37bn already paid, Brl100bn (US$18bn) to government bodies over 20 years and Brl32bn (US$6bn) in performance obligations over the next 1-2 years.
- 10/28/2024
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Miners BHP, Vale Sign $32 Billion Settlement for Deadly 2015 Dam Collapse
- The settlement between the two miners and the Brazilian government is the result of years of litigation after the dam collapse that killed 19 people and polluted more than 400 miles of river.
- 10/25/2024
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BHP reaches $30 bln settlement for reparation of Brazil dam failure
- Miner BHP Group said on Friday it has reached a R$170 billion ($29.93 billion) final settlement with Public Authorities in Brazil for reparation of Samarco's Fundão dam failure.
- 10/25/2024
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BHP Group: Dividend Play With Long-Term Upside
- BHP Group is a global mining giant with strong financial performance, offering a 5% dividend yield, making it attractive for income-focused investors. Copper and iron ore are BHP's primary revenue drivers, benefiting from clean energy expansion, AI adoption, and China's economic stimulus measures. Despite challenges in coal and nickel, BHP's profitability remains robust, with copper and iron ore contributing over 95% of earnings.
- 10/24/2024
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BHP says claim it put safety over profit 'unjustified' in Brazilian dam collapse case
- BHP said on Wednesday that allegations a pursuit of profit over safety contributed to Brazil's worst environmental disaster were "far-fetched and unjustified", as the miner opened its defence to a mammoth lawsuit at London's High Court.
- 10/23/2024
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Dam disaster deal should curb lawsuits against Vale and BHP, sources say
- An agreement by Vale , BHP and their joint venture Samarco to pay 170 billion reais ($29.85 billion) in compensation for a deadly dam collapse in Brazil could end more than a hundred lawsuits against the mining companies in the South American country and possibly limit legal action abroad, three sources close to the matter said.
- 10/22/2024
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BHP faces $47 billion UK lawsuit over Brazilian dam collapse
- A hearing in a lawsuit against BHP over Brazil's worst environmental disaster, the 2015 collapse of the Mariana dam, will begin at London's High Court on Monday, with claimants seeking up to 36 billion pounds ($47 billion) in damages.
- 10/20/2024
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BHP Q1 Iron Ore Production Rises 2% Y/Y, Copper Increases 4%
- BHP reports iron ore production of around 65 Mt in the first quarter of fiscal 2025. The miner expects production in fiscal 2025 to be between 255 Mt and 265.5 Mt.
- 10/17/2024
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SSRM vs. BHP: Which Stock Is the Better Value Option?
- Investors looking for stocks in the Mining - Miscellaneous sector might want to consider either SSR Mining (SSRM) or BHP (BHP). But which of these two stocks presents investors with the better value opportunity right now?
- 10/08/2024
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New Strong Sell Stocks for October 7th
- ALLY, BHP and DIN have been added to the Zacks Rank #5 (Strong Sell) List on October 7 2024.
- 10/07/2024
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Endeavour Mining poaches new exploration head from BHP
- Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has appointed senior BHP executive Sonia Scarselli as its new Executive VP of Exploration from the start of December. Scarselli is VP at both BHP Exploration and BHP Xplor, leading its global exploration programme and the exploration Accelerator Programme respectively.
- 10/01/2024
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Endeavour Announces the Appointment of Sonia Scarselli as Executive Vice President of Exploration
- ENDEAVOUR ANNOUNCES THE APPOINTMENT OF SONIA SCARSELLI AS EXECUTIVE VICE PRESIDENT OF EXPLORATION London, 1 October 2024 – Endeavour Mining plc (LSE:EDV, TSX:EDV, OTCQX:EDVMF) (“Endeavour” or the “Company”) is very pleased to announce the appointment of Sonia Scarselli as Executive Vice President (“EVP”) Exploration with effect from December 2024. Sonia will join Endeavour from BHP where she was Vice President (“VP”) of BHP Exploration and BHP Xplor, leading the global exploration programme and the exploration Accelerator Programme, respectively.
- 10/01/2024
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BHP to Test CAT's Groundbreaking Energy Transfer System at Its Mines
- BHP announces plans to trial Caterpillar's Dynamic Energy Transfer system on battery electric and diesel-electric mining trucks at its sites.
- 09/27/2024
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BHP to test Caterpillar's new energy transfer system on its mining trucks
- BHP Group said on Thursday it plans to test U.S.-based equipment manufacturer Caterpillar's new technology, which transfers energy to diesel-electric and battery-electric large mining trucks while they are working on a mine site.
- 09/25/2024
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The Zacks Analyst Blog Exxon Mobil, Salesforce, BHP and Oil-Dri
- Exxon Mobil, Salesforce, BHP and Oil-Dri are included in this Analyst Blog.
- 09/20/2024
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Focus: BHP's Australian nickel stoppages spoil plans for LME alternative
- Plans for two new nickel trading platforms to challenge the London Metal Exchange (LME) have been blown off course by BHP's planned suspension of its plants in Western Australia, which has prevented it from committing to them.
- 09/18/2024
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The More It Drops, The More I Buy
- A sector of the market has pulled back meaningfully over the past three months. However, it offers very attractive dividends and has a very bullish long-term outlook, backed by numerous macro trends. I share some of my top picks in the sector right now.
- 09/04/2024
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BHP's Copper Growth Plans Under Review by South Australian Government
- BHP Group's expansion plans for Olympic Dam is set to double its copper production in South Australia by the mid-2030s.
- 09/03/2024
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Sandvik wins SEK 1.9 billion order from BHP for the Jansen Potash Project
- STOCKHOLM , Sept. 3, 2024 /PRNewswire/ -- Sandvik has been awarded a major contract from BHP to the Jansen Potash Project, located in Saskatchewan, Canada.The contract, which includes potash continuous mining systems, is valued at approximately SEK 1.9 billion.
- 09/03/2024
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BHP Xplor Launches Search for Innovators in Critical Minerals Exploration
- TORONTO, Sept. 03, 2024 (GLOBE NEWSWIRE) -- BHP Xplor, the six-month accelerator program aimed at revolutionizing critical mineral exploration, has officially opened applications for the 2025 cohort.
- 09/03/2024
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BHP Stock: The Under-the-Radar Growth Story in Commodities
- When investors think of commodities and their long-term demand cycles, gold and silver often come to mind as investments that can take advantage of the market's long-term upside. However, the answer to aligning a portfolio with a long-term winning commodity involves figuring out which leading economy relies on which commodity and how steady the demand could be.
- 08/28/2024
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BHP Group Limited (BHP) Q4 2024 Earnings Call Transcript
- BHP Group Limited (NYSE:BHP ) Q4 2024 Results Conference Call August 26, 2024 6:30 PM ET Company Participants Mike Henry - Chief Executive Officer Vandita Pant - Chief Financial Officer Tristan Lovegrove - Group Investor Relations Officer Conference Call Participants Paul Young - Goldman Sachs Lyndon Fagan - JP Morgan Rahul Anand - Morgan Stanley James Redfern - Bank of America Kaan Peker - RBC Rob Stein - Macquarie Lachlan Shaw - UBS Paul McTaggart - Citigroup Glyn Lawcock - Barrenjoey Lyndon Fagan - JPMorgan Mike Henry Hello and thank you for joining us to hear about BHP's Results for the 2024 Financial Year. I'm joined by our Chief Financial Officer, Vandita Pant.
- 08/27/2024
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BHP Group FY24 Earnings & Revenues Improve Y/Y on Higher Prices
- BHP reports better-than-expected revenues and profits in fiscal 2024 aided by higher iron ore and copper prices and sales volumes.
- 08/27/2024
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BHP copper ambitions applauded by Jefferies
- BHP‘s annual results were more or less in line with forecasts, said US bank Jefferies. Underlying profits [EBITDA] and net debt were slightly better while the dividend met expectations.
- 08/27/2024
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BHP expects ongoing volatility in metals markets due to China's property slump
- BHP on Tuesday said it expects volatility in global commodity markets will continue throughout the remainder of 2024 due to the ongoing slump in China's economy and the troubles currently facing Europe's manufacturing sector.
- 08/27/2024
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BHP CEO discusses results for the full year ended June 30, 2024
- Mike Henry, CEO of BHP, discusses the company's better-than-expected rise in annual underlying profit.
- 08/27/2024
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BHP CEO expects a turnaround in China's property sector in year ahead
- BHP's CEO Mike Henry said he expects China's property sector to rebound in the upcoming year on the back of favorable government policies. While acknowledging that the country's property sector is a "weak point" for steel demand, Henry is optimistic about Chinese government measures announced recently.
- 08/26/2024
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BHP Profit Trimmed After Bruising Asset Value Write Downs
- Hefty write-downs bruised an otherwise strong profit for the year to June 30 by BHP, the world's biggest mining company.
- 08/26/2024
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BHP annual profit rises 2%, says open to higher debt for acquisitions
- BHP Group reported a better-than-expected annual underlying profit on Tuesday due to growth at its iron ore and copper businesses and said it was comfortable with raising its debt target for any potential acquisitions.
- 08/26/2024
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BHP's failed bid for Anglo to dominate results suggests Jefferies
- BHP Group Ltd (LSE:BHP, ASX:BHP), the Aussie mining titan, is scheduled to report results on the evening of August 26 (Tuesday) with strategy to be a key theme predicts US bank Jefferies. Expect the failed bid for Anglo American to figure prominently in the post-numbers discussion, it says.
- 08/23/2024
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Focus: BHP's return to Argentina marks new hope for untapped copper mines
- A new incentive regime for mining in Argentina is attracting major players such as BHP, who are starting to eye the South American country as the world's next frontier for copper, more than half a dozen mining industry officials told Reuters.
- 08/23/2024
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How To Allocate $100,000 In A Dividend Portfolio: A Strategic Guide For Income And Growth
- I will demonstrate how you could allocate the amount of $100,000 by following the current composition of The Dividend Income Accelerator Portfolio, effectively balancing dividend income and dividend growth. Potential benefits of its implementation are a reduced portfolio risk level, stable dividend income, strong potential for dividend growth and capital appreciation, and elevated chances of an attractive Total Return. The dividend portfolio presently offers you a Weighted Average Dividend Yield [FWD] of 4.20%, with a 5-Year Weighted Average Dividend Growth Rate [CAGR] of 7.31%.
- 08/22/2024
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BHP invests $350,000 to support the Regina Food Bank in the fight against hunger and to help advance reconciliation efforts
- REGINA, Saskatchewan, Aug. 21, 2024 (GLOBE NEWSWIRE) -- The Regina Food Bank and BHP are pleased to announce a partnership to ensure the financial sustainability and programming impact of the recently created BMO ASAHTOWIKAMIK Food Hub. Through the partnership BHP will invest $350,000, designating BHP as the reconciliation partner. Funds will go towards the food sovereignty programme and a mural in the Food Hub created by local Indigenous artist Chantel Yuzicappi, from Standing Buffalo First Nation in Treaty 4 Territory.
- 08/21/2024
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BHP's quick strike fix sets tone for labor talks amid copper rally
- Mining giant BHP's quick fix to a recent six-day strike at its huge Escondida copper mine in Chile could set the tone for upcoming negotiations elsewhere, with workers emboldened by high copper prices to push for a larger share of the profits.
- 08/20/2024
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FLEX Coin struggles as CoinFLEX creditors woes worsen after OPNX closure
- In recent months, FLEX Coin has experienced significant price volatility, reflecting broader turbulence within its parent platform, CoinFLEX. The token, which had reached an all-time high of $8.16 in August 2023, has since plunged by over 90%, currently trading around $0.71.
- 08/19/2024
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Short SHOP: Shopify Posts Strong Q2 Earnings but Bearish Rejection Pattern Signals Short-Term Trade Opportunity
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Union at BHP's Escondida copper mine in Chile signs new deal, ending risk of strike
- The union at Chile's Escondida copper mine, the world's largest, signed a deal on Sunday with BHP , ending the risk of a further strike that could have threatened global supplies of the red metal.
- 08/18/2024
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BHP says strike ends at huge Escondida copper mine
- Global mining giant BHP has reached an agreement with a striking union at its massive Escondida copper mine in Chile, the firm said on Friday, which will see the three-day strike called off and defuse fears about a hit to global supplies of the metal.
- 08/16/2024
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Whitehaven Coal to cut 192 jobs at mines it bought from BHP
- Australia's Whitehaven Coal will cut a total of 192 jobs at the Daunia and Blackwater coking coal mines it took over from global miner BHP Group , the firm's spokesperson said on Friday.
- 08/16/2024
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BHP strike in Chile enters third day, buoying global copper price
- A strike at mining giant BHP's huge Escondida mine in Chile entered its third day on Thursday, bolstering global copper prices as an ongoing standoff between the company and workers starts to spread worries about supply of the red metal.
- 08/15/2024
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Could a union halt production at the world's biggest copper mine?
- A powerful workers union behind a strike at BHP's huge Escondida mine, which produced nearly 5% of the world's copper in 2023, is looking to snarl production at the site as it pushes for a bigger share of profits.
- 08/13/2024
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BHP Faces A Trans-Pacific Organized Labor Costs Squeeze
- BHP, the world's biggest mining company, is facing a costs squeeze on both sides of the Pacific from organized labor at its mines in Australia and Chile.
- 08/13/2024
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Workers at BHP's Escondida copper mine will strike after failing to reach agreement
- Workers at BHP's Escondida copper mine in Chile will go on strike starting on Tuesday after failing to reach an agreement with the company, according to a statement from the union.
- 08/13/2024
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McEwen Copper Update, Excitement in Argentina: Milei Magic Is Turbocharging Foreign Investments; US$4.4 Billion Copper Transaction by BHP and Lundin Mining; Los Azules Infill Drilling Confirmed High Grade Copper Zone
- Infill Drill Highlights: AZ24375: 217 metersof1.11 % Cu, incl.100 metersof1.32 % Cu AZ24335: 158 metersof0.84 % Cu, incl.78.5 metersof1.10 % Cu AZ24403: 276 metersof0.86 % Cu, incl.160 metersof0.96 % Cu AZ24320: 146 metersof0.89 % Cu AZ24332: 119.6 metersof0.72 % Cu
- 08/08/2024
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BHP mulling sale of gold, copper mines in Brazil, Bloomberg News reports
- BHP Group , the world's top miner, is mulling a sale of Brazilian copper and gold assets it took over as part of the buyout of smaller peer Oz Minerals, Bloomberg News reported on Wednesday, according to people familiar with the matter.
- 08/07/2024
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Rio Tinto, Anglo, BHP downgraded as mining indictor flashes strong 'sell' signal, says broker
- Mining giants Rio Tinto, Anglo American and BHP Group were all downgraded after a gauge monitoring sector demand flashed a strong 'sell' signal. The 'restocking indicator' from broker Panmure Gordon reported its weakest signal since mid-2022, with a turnaround after a long bull run.
- 08/06/2024
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Workers at BHP's Escondida mine in Chile reject contract offer, union says
- Workers at BHP's Escondida, the world's largest copper mine, rejected an offer for a new collective bargaining agreement, setting the stage for a potential strike, the union said on Thursday.
- 08/01/2024
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BHP, Lundin, Integra on the hunt for copper and gold projects
- Mining M&A is heating up with strategic moves to consolidate operations and strengthen market positions in the copper and gold sectors. Two big announcements in the last week of July could indicate that miners are on the hunt for good projects.
- 07/30/2024
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BHP and Lundin Mining to acquire Filo for $3.2 billion
- Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
- 07/29/2024
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BHP and Lundin Mining to acquire Filo Corp. and form a 50/50 joint venture to progress the Filo del Sol and Josemaria projects
- TORONTO, July 29, 2024 (GLOBE NEWSWIRE) -- BHP and Lundin Mining Corporation (Lundin Mining) have agreed to jointly acquire 100% of Filo Corp., a Toronto Stock Exchange (TSX) listed company, through a Canadian plan of arrangement (Filo Acquisition). Filo Corp. owns 100% of the Filo del Sol (FDS) copper project.
- 07/29/2024
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BHP and Lundin Mining to buy Filo for $3.25 bln
- Global miner BHP Group and Canada-listed Lundin Mining will takeover explorer Filo Corp for C$4.5 billion ($3.25 billion), the companies said on Monday, as they move to progress the Filo del Sol and Josemaria projects.
- 07/29/2024
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3 Must-Have Mining Stocks for Your 2024 Portfolio
- The mining sector is one of the most dynamic yet controversial industries to be investing in. When we talk about mining stocks, there are a plethora of different commodities to explore.
- 07/29/2024
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Exclusive: Union at BHP's Escondida mine urges rejection of contract offer, strike possible
- The union at BHP's Escondida mine in Chile, the world's largest copper mine, has called on its nearly 2,400 members to reject a final contract offer from the company and prepare for a strike, the union president said.
- 07/29/2024
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The 3 Best Uranium Stocks to Buy Now: July 2024
- Although a somewhat controversial investment category, the bullish case for the best uranium stocks has become extraordinarily compelling. It all centers around one catalyst: rising energy consumption from advanced technologies, particularly artificial intelligence.
- 07/24/2024
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BHP Reports Record Iron Ore Production in FY24, Copper Up 9%
- BHP reports iron ore production of 260 Mt in fiscal 2024. The miner expects production in fiscal 2025 between 255 and 265.5 Mt.
- 07/17/2024
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Major M&A deals are 'the only way' for mining companies like BHP and Rio Tinto to grow, says analyst
- Hayden Bairstow, executive director and head of research at Argonaut, says volume growth for both companies is still "fairly muted."
- 07/17/2024
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BHP Group shutters Western Australia nickel mining for at least three years
- BHP Group Ltd (LSE:BHP, ASX:BHP) told investors it will temporarily suspend its Western Australia Nickel operations from October, amid ‘oversupply' in the global nickel market which has suppressed sales prices. The suspension includes the miner's Nickel West operations and the West Musgrave project.
- 07/11/2024
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The 3 Best Copper Mining Stocks to Buy Now: July Edition
- When analysts discuss mining and resource extraction, copper tends to receive less attention due to its less obvious applications and importance to several industries. But with the way several technologies are heading, including robotics and manufacturing, copper could become just as central to the global economy as lithium or steel.
- 07/10/2024
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BHP Seeks Approval for Electric Trolley System at Escondida
- BHP seeks a permit from Chile's environmental regulator to build a $250-million electric trolley system at Escondida. It is set to cut down diesel consumption and improve truck performance.
- 07/04/2024
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Escondida | BHP initiates environmental processing to implement a truck transportation system based on an electric trolley
- SANTIAGO, Chile, July 03, 2024 (GLOBE NEWSWIRE) -- Escondida | BHP submitted an Environmental Impact Statement (DIA) to the Environmental Impact Assessment System (SEIA), to advance in the "Implementation of the Mining Truck Electrification System in Escondida Norte" project, which seeks to assist the movement of these pieces of equipment inside the mine by means of a trolley system.
- 07/03/2024
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Midland Begins a Major Exploration Program for Nickel and Copper in Nunavik, Quebec Under Its Strategic Alliance With BHP
- MONTREAL, July 03, 2024 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce the commencement of a major exploration program for nickel and copper in Nunavik, following up on exploration work carried out from 2020 to 2023 during which new Ni-Cu-Co mineral occurrences were discovered.
- 07/03/2024
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Adriatic Metals brings in ex-BHP veteran as non-exec
- Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) has appointed Laura Tyler as a Non-Executive Director, effective from today (1 July 2024). A mining veteran with over 30 years of experience in technical, technology and safety applications in Tier 1 projects globally, Tyler spent 20 years at BHP including four as Chief Technical Officer between 2020-24, Chief Geoscientist (2016-2020) and Chief of Staff to BHP's CEO (2015-2018).
- 07/01/2024
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Claimants for deadly Mariana dam collapse file injunction against BHP, Vale
- Lawyers representing claimants taking legal action over Brazil's worst environmental disaster filed an injunction this week against miners BHP and Vale for "trying to derail" a potential 36 billion-pound ($46 billion) London lawsuit.
- 06/27/2024
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BHP Group's carbon emissions set to see a small increase in 2024
- BHP Group's pathway to net zero will not be linear and it requires significant effort to overcome organic growth and technology challenges, the company's vice president for climate said on Thursday.
- 06/25/2024
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Wall Street's Most Accurate Analysts Spotlight On 3 Materials Stocks Delivering High-Dividend Yields
- During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
- 06/17/2024
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BHP, Chile mine union to extend contract negotiations
- Mining giant BHP and the union representing workers at its Spence copper mine in Chile have agreed to extend contract negotiations, said BHP on Wednesday, for now putting off the risk of a strike.
- 06/12/2024
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Rio Tinto Vs. BHP: Only One High-Yield Miner Is A Buy
- Rio Tinto and BHP are leading mining companies with strong balance sheets and attractive dividend yields. We compare them side-by-side. We share which one we think is a Buy and which one is not.
- 06/09/2024
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BHP and union to begin talks to avert strike at Chilean copper mine
- Mining giant BHP and the union representing workers at its Spence copper mine in Chile will kick off on Wednesday government-mediated talks aimed at averting a strike, both parties said.
- 06/05/2024
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7 High-Yield Dividend Stocks That Work While You Sleep
- Although seemingly most of the celebrated ideas on financial publications center on high-growth plays, investors should spare some thought toward high-yield dividend stocks. In particular, I'm referring to stable or relevant enterprises that offer considerable passive income.
- 06/04/2024
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BHP $1 million gift launching a new era for X-ray imaging at RUH
- SASKATOON, Saskatchewan, June 03, 2024 (GLOBE NEWSWIRE) -- Royal University Hospital Foundation and BHP are pleased to announce a $1 million donation from BHP that will transform the way the most utilized diagnostic procedure – X-ray imaging -- is done at Royal University Hospital (RUH).
- 06/03/2024
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Anglo American must now deliver after BHP bid approach, says investment bank
- Anglo American PLC (LSE:AAL) must now deliver its 'bold simplification' of the business in the wake of BHP Ltd's £39bn bid approach for its rival, according to Deutsche Bank. Anglo claimed its plan is lower-risk and quicker to implement than BHP's.
- 06/03/2024
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Metals drop on PCE report, and BHP won't get Anglo
- Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
- 06/01/2024
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BHP Group (BHP) Drops Acquisition Plan for Anglo American
- BHP Group (BHP) resolves not to make any further offer for Anglo American, thus walking away from a deal that would have been the biggest mining deal in a decade.
- 05/31/2024
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Anglo American: Sum-Of-The-Parts Valuation In Place
- BHP's takeover proposal was rejected, and Anglo American presented a new plan to unlock shareholder value. The company has a solid asset base with a downside cycle in PGM and De Beers. However, in a disposal situation, we estimate further upside. After BHP offers, we update our valuation on a sum-of-the-part methodology, increasing our target price.
- 05/31/2024
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How Did the BHP-Anglo American Deal Fall Apart?
- BHP Group decided against making a firm offer for Anglo American Plc, instead walking away for now from what would have been the biggest mining deal in over a decade. Alon Olsha of Bloomberg Intelligence talks about what went wrong.
- 05/30/2024
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BHP pursuit of Anglo American highlights corporate-led UK M&A upswing
- BHP Group's $49 billion bid for Anglo American may have failed but the move highlights how companies have been leading a charge to snap up UK assets as they seek growth in a relatively undervalued market, bankers and analysts said.
- 05/30/2024
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Anglo American rating downgraded by UBS after BHP talks collapse
- Anglo American was downgraded to neutral from buy at UBS, when BHP on Wednesday did not launch a formal takeover bid for the rival multinational mining group, after suggesting it could buy the company for £38.6 billion ($49 billion) in stock.
- 05/30/2024
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Here's What Could Be Next for BHP
- BHP Group thought it could buy its way to becoming the world's top copper producer. Now, it may need to expand or build its own mines to get there.
- 05/30/2024
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BHP-Anglo Deal Is Off---the Mining Land Grab Is Still On
- The world's most valuable mining company couldn't persuade Anglo American to sell, but the story doesn't end here.
- 05/29/2024
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BHP shares open slightly lower after walking away from $49 bln Anglo takeover deal
- The Australian listed shares of BHP Group dipped 0.7% on Thursday, after the mining giant walked away from its $49 billion plan to take over rival Anglo American , ending for now its six-week pursuit.
- 05/29/2024
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COP Acquiring MRO & Anglo American Rejects BHP Deal Deadline Extension Request
- ConocoPhillips (COP) is acquiring Marathon Oil (MRO) in a $17.5B all-stock deal. Kevin Green discusses this as well as how Anglo American rejects BPH Group's (BHP) request to extend deal talk deadline.
- 05/29/2024
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BHP walks away from $49 billion takeover offer for Anglo American
- BHP Group said on Wednesday it did not intend to make a formal offer for Anglo American , walking away from its $49 billion takeover deal, after the London-listed rival refused to extend the bid deadline.
- 05/29/2024
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BHP walks away from Anglo American talks
- BHP Group Ltd (LSE:BHP, ASX:BHP) decided to ditch its takeover offer for Anglo American PLC after it turned down a request for more time. The deadline for the Australian mining giant to make a firm offer or walk away was 5pm today, and it chose the latter.
- 05/29/2024
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Anglo American Denies BHP Request to Extend Deadline Over $50B Offer
- Takeover talks between two of the world's largest mining companies appear to be over for now as Anglo American said that it will not provide BHP Group (BHP) with another extension to address issues with the latest offer it rejected last week, meaning the companies' negotiation deadline is Wednesday afternoon.
- 05/29/2024
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5 Things to Know Before the Stock Market Opens
- Anglo American says it won't give rival mining giant BHP Group (BHP) more time to commit to buying it, signaling an end to the roughly $50 billion bid; Marathon Oil (MRO) shares are surging after ConocoPhillips (COP) acquires it for $22.5 billion including debt; Salesforce (CRM) is due to report higher top- and bottom-line first-quarter results after the bell, with investors watching for growth in the company's data cloud segment and any updates related to artificial intelligence (AI); American Airlines (AAL) shares are tumbling in premarket trading after it lowered its second-quarter guidance and announced a key executive departure; and the International Monetary Fund (IMF) raises its forecast for China's growth for 2024 and 2025, citing strong first-quarter GDP and stimulus measures by Beijing. U.S. stock futures are falling.
- 05/29/2024
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Anglo Rejects BHP's Request to Extend Offer Deadline
- Anglo American won't give BHP Group any further time to commit to a takeover offer, marking a climax to the five-week battle between two of mining's biggest names, just hours before a deadline for BHP to commit to an offer or walk away for six months. Will Kennedy reports on Bloomberg Television.
- 05/29/2024
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Anglo American shares slip as firm doesn't want to give BHP more time for deal
- Anglo American shares AAL, +0.45% slipped in London trade, after the metals producer said it doesn't support BHP Group's BHP, +2.10% request to extend takeover talks deadline. BHP has until 5 p.m.
- 05/29/2024
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Anglo American rejects BHP's last-ditch attempt to continue takeover talks
- Anglo American on Wednesday rejected BHP Group's last-ditch request for more time to discuss a $49 billion takeover offer, dismissing it as highly complex and ending a five-week pursuit by the bigger rival.
- 05/29/2024
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BHP Asks for More Time in Last-Minute Plea to Anglo
- Just hours before a crucial deadline, BHP Group is asking for more time to discuss its $49 billion takeover plan with Anglo American, and outlined a series of commitments to the smaller company. -------- More on Bloomberg Television and Markets Like this video?
- 05/29/2024
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BHP wants bid deadline extension after offering 'socio-economic concessions'
- Anglo American PLC (LSE:AAL) suitor BHP Group Ltd (LSE:BHP, ASX:BHP) has requested an extension to its 'put up or shut up' takeover deadline as it offered new concessions, including a potential 'reverse break fee', and wants to continue talks. Last week Anglo and BHP agreed on an extension to the deadline for BHP to make an offer to 29 May.
- 05/29/2024
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BHP Group wants extension to $49 billion Anglo American takeover talks as deadline looms
- BHP Group on Wednesday requested an extension to talks with takeover target Anglo American as the deadline for discussions looms.
- 05/29/2024
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BHP proposes socioeconomic measures to ease Anglo American's concerns over $49 bln bid
- BHP Group said on Wednesday it had proposed a range of socioeconomic measures to address the concerns of Anglo American over its 38.6 billion pounds ($49.20 billion) offer, and that it believes it needs more time to further engage on its proposal.
- 05/29/2024
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BHP and Rio Tinto collaborate on battery-electric haul truck trials in the Pilbara
- PERTH, Australia, May 28, 2024 (GLOBE NEWSWIRE) -- In an industry first, BHP and Rio Tinto will collaborate on the testing of large battery-electric haul truck technology in the Pilbara, Western Australia, to accelerate the potential for its future deployment.
- 05/27/2024
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Rio Tinto, BHP to collaborate on electric haul truck trials in Pilbara
- Top Australian miners Rio Tinto and BHP Group will work together for testing large battery-operated electric haul truck technology in the Pilbara region of Western Australia, Rio Tinto said on Monday.
- 05/27/2024
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Rio Tinto and BHP collaborate on battery-electric haul truck trials in the Pilbara
- PERTH, Australia--(BUSINESS WIRE)--In an industry first, Rio Tinto and BHP will collaborate on the testing of large battery-electric haul truck technology in the Pilbara, Western Australia, to accelerate the potential for its future deployment. The two companies will work with manufacturers Caterpillar and Komatsu to conduct independent trials of their battery-electric haul trucks, including testing of battery, static and dynamic charging systems, to assess performance and productivity in the P.
- 05/26/2024
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Battle for Anglo's copper assets tests BHP's resolve as deadline looms
- BHP's resolve to add more copper to its portfolio will be tested by Anglo American investors' demands for a simpler offer for the whole company or a cash sweetener to clinch a deal that could become the biggest in mining history.
- 05/24/2024
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BHP Has One Week to Convince Anglo
- Anglo American Plc agreed to enter talks with larger rival BHP Group after rejecting a third proposal worth about $49 billion. Anglo gave BHP an extra week to commit to a binding offer.
- 05/23/2024
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BHP shares fall after Anglo American rejects third proposal, extends bid deadline
- Shares of Australia's BHP Group fell over 3% on Thursday, a day after smaller rival Anglo American rejected its third takeover proposal and agreed to a one-week extension for the deadline to make a binding offer.
- 05/22/2024
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Why BHP Is So Keen On Acquiring Anglo American
- Grant Sporre, Bloomberg Intelligence Global Head of Metals and Mining, joins Bloomberg Radio to break down latest with BHP bid to buy Anglo American and where the two companies stand going forward. -------- Get more on The Bloomberg Intelligence Podcast On Apple: http://bit.ly/3YrBfOi On Spotify: http://bit.ly/3SPPZ8F Anywhere: http://bit.ly/43hOc0r Follow us on X: https://twitter.com/BloombergRadio Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
- 05/22/2024
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Anglo to Talk With BHP After Rejecting Third Offer
- Anglo American Plc agreed to enter talks with larger rival BHP Group after rejecting a third proposal worth about $49 billion, opening the door for the first time to what would be the biggest mining deal in over a decade. BHP says this is their final offer.
- 05/22/2024
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Anglo American rejects 'third and final' BHP bid but talks continue
- Anglo American PLC (LSE:AAL) has rejected a "third and final" offer from BHP Group Ltd (LSE:BHP, ASX:BHP) but the bid deadline has been extended by a week as the pair are in talks. The board of the FTSE 100-listed miner said they received a third "highly conditional" takeover proposal from BHP on Monday.
- 05/22/2024
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Miner Anglo American rejects third takeover offer from rival BHP Group as talks deadline extended
- Anglo American rejected a third takeover proposal from rival BHP Group on Wednesday, as the companies agreed to extend talks deadline by one week.
- 05/22/2024
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Anglo American says it's received and rejected a third BHP offer
- Anglo American AAL, -2.01% said it's received, and rejected, a third conditional offer from BHP Group BHP, -2.29%. The latest terms are 0.8860 BHP shares as well as the demerger of its stakes in Anglo American Platinum and Kumba Iron Ore, which collectively would value it at £29.34 per share using April 23 prices.
- 05/22/2024
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Anglo American rejects 29.34 pounds per share proposal from BHP
- Anglo American on Wednesday rejected a takeover proposal from BHP Group that valued the company at 29.34 pounds per share.
- 05/22/2024
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Major Anglo investor says BHP bid requires 'meaningful revision'
- BHP Group's $43 billion takeover proposal for smaller rival Anglo American needs a "meaningful revision", one of Anglo's top investors said on Wednesday, as the clock ticks for the world's No.1 miner to submit a binding offer.
- 05/22/2024
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Will BHP launch its bid to take over Anglo?
- The deadline looms for the world's biggest miner, BHP, to launch its bid to buy smaller rival Anglo American. Anglo has already rejected two non-binding offers from BHP — the last worth $43 billion — and unveiled its own plans for a radical restructuring.
- 05/22/2024
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Trial carbon capture unit begins operating on Blast Furnace at ArcelorMittal Gent, Belgium
- GENT, Belgium, May 22, 2024 (GLOBE NEWSWIRE) -- ArcelorMittal and partners Mitsubishi Heavy Industries, Ltd. (MHI), BHP, along with Mitsubishi Development Pty Ltd (Mitsubishi Development) have successfully started operating a pilot carbon capture unit on the blast furnace off-gas at ArcelorMittal Gent in Belgium.
- 05/22/2024
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These copper stocks are buzzing as copper price hits record high
- Demand for copper in a diverse set of industries has been on the rise this year as the global economy continues to thrive. In fact, price of the industrial metal hit an all-time high on Tuesday.
- 05/21/2024
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Nippon Steel Acquisition Push; Hecla's 2023 Sustainability Highlights; BHP's Bid For Anglo American Faces Challenges And More: Monday's Top Mining Stories
- Top Stories for May 20, 2024: 1. Nippon Steel is intensifying efforts to secure its $14.1 billion acquisition of United States Steel X despite opposition from union leaders and the Biden administration. Vice Chairman Takahiro Mori will visit Pittsburgh to meet with local staff and officials, while technical teams will assess U.S. Steel mills. Although Nippon Steel aims to finalize the deal before the election, opposition from the United Steelworkers and President Joe Biden has created uncertainty. Union President David McCall opposes the deal due to national defense concerns, which Nippon Steel denies. 2. Hecla Mining HL released its 2023 Sustainability Report, detailing its environmental, social and governance (ESG) performance. Despite operational disruptions from wildfires and weather events, the company focused on workforce safety, environmental stewardship and community well-being while increasing silver production. Key highlights include an $855 million economic impact on local communities, over 40,000 hours of safety training and a 16% lower injury rate than the U.S. average Hecla also reported a 5% increase in women in professional roles, a 36% reduction in GHG emissions from the 2019 baseline and achieving net zero carbon emissions for the third consecutive year with carbon offset credits. Also Read: Silver Rockets To 11-Year Highs, Copper Hits Record Peak, Gold Approaches Historic Close: Mining Stocks’ Wild Ride 3. BHP’s BHP $43 billion bid for Anglo American AAUKF faces challenges, with a looming May 22 deadline and no sign of reciprocation from Anglo. Anglo is currently restructuring and divesting platinum, diamonds and coal assets, while accelerating its focus on copper. Anglo's largest shareholders, BlackRock BLK and South Africa’s Public Investment Corporation could complicate the potential takeover. The takeover by BHP also endangers the $9 billion Woodsmith fertilizer mine in England, raising local job concerns. 4. Jefferies initiated coverage on Steel Dynamics STLD with a Hold Rating and announced a price target of $150. The firm also initiated coverage on Nucor NUE with a Hold Rating and announced a price target of $190. Now Read: Zijin Mining Sets Ambitious 50% Growth Target For Copper Production By 2028 Benzinga Mining is the bridge between mining companies and retail investors. Reach out to licensing@benzinga.com to get connected with the Benzinga community! Photo: Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 05/20/2024
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Platinum price analysis: bearish engulfing pattern forms
- Platinum price has been in a strong uptrend this year, joining other industrial metals like copper and zinc. It has also joined other precious metals like silver and gold, which have been in a strong bull run. It soared to a high of $1,095 on Monday, its highest level since March 11th. Platinum has also outperformed palladium, which has risen by just 20% from its lowest point in 2023. Demand and supply mismatch Platinum has done well this year, helped by strong demand and slow supply growth. A recent report by the World Platinum Council showed that automotive demand for platinum surged to its highest point in seven years in Q1. Jewellery and investment demand also continued rising during the quarter while the industrial one dropped from its record high in 2023. It remains higher than where it was before the Covid-19 pandemic. Platinum supply, on the other hand, crashed to its lowest level in decades and the trend will continue. The council estimates that supply will remain flat at 7,111 koz while demand will rise to 7,587 koz. It will be the second straight year of platinum supply deficit. Platinum production has remained under pressure as most companies slashed their activity because of the price movements. It dropped by over 37% from its highest level in 2021 to its lowest point in November last year. Mining companies are avoiding platinum because of the general view that the automobile industry is moving towards electrification. For example, one condition for BHP’s buyout of Anglo American is for it to shed its platinum business. Still, data shows that ICE vehicles are here to stay, as evidenced by the performance of companies like Toyota, Stellantis, and General Motors. These companies are doing better than pure EV firms. Lack of investment will likely lead to a supply squeeze as we have seen with the cocoa industry. One reason why cocoa jumped is that investments in the sector remained significantly small because of the weaker prices. Platinum is also thriving because of the rising hopes that the Federal Reserve will start cutting interest rates later this year. Recent data revealed that the country’s headline and core inflation figures retreated slightly in April. Platinum price forecast Platinum chart by TradingView The daily chart shows that the price of platinum has been in a strong bull run in the past few months. It recently jumped above the crucial resistance point at $1,013, its highest swing in December. The stock has also formed a golden cross pattern, when the 200-day and 50-day moving averages cross each other. Therefore, the outlook for platinum is bullish, with the next point to watch being $1,125, its highest point in April 2023. However, in the short-term, it will likely go through turbulence since it has formed a bearish engulfing pattern, a popular reversal sign. The post Platinum price analysis: bearish engulfing pattern forms appeared first on Invezz
- 05/20/2024
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Panagora Asset Management Inc. Has $3.35 Million Holdings in BHP Group Limited (NYSE:BHP)
- Panagora Asset Management Inc. raised its holdings in BHP Group Limited (NYSE:BHP – Free Report) by 18.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,036 shares of the mining company’s stock after acquiring an additional 7,651 shares during the period. Panagora Asset Management Inc.’s holdings in BHP Group were worth $3,350,000 as of its most recent filing with the Securities and Exchange Commission. Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC increased its stake in BHP Group by 6,529.2% during the 4th quarter. International Assets Investment Management LLC now owns 464,771 shares of the mining company’s stock worth $31,749,000 after purchasing an additional 457,760 shares in the last quarter. Moran Wealth Management LLC grew its holdings in shares of BHP Group by 10.3% during the fourth quarter. Moran Wealth Management LLC now owns 449,667 shares of the mining company’s stock worth $30,717,000 after buying an additional 42,021 shares in the last quarter. XY Capital Ltd grew its stake in shares of BHP Group by 422.1% during the 4th quarter. XY Capital Ltd now owns 127,566 shares of the mining company’s stock worth $8,714,000 after acquiring an additional 103,134 shares in the last quarter. Morgan Stanley raised its holdings in shares of BHP Group by 2.8% in the third quarter. Morgan Stanley now owns 4,695,563 shares of the mining company’s stock valued at $267,084,000 after purchasing an additional 126,643 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in BHP Group by 44.7% in the third quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock valued at $170,274,000 after purchasing an additional 924,202 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors. BHP Group Trading Up 2.4 % BHP Group stock opened at $61.47 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average is $57.67 and its 200-day moving average is $60.31. BHP Group Limited has a 12 month low of $54.28 and a 12 month high of $69.11. BHP Group Cuts Dividend The firm also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were paid a $1.44 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a dividend yield of 5.2%. Wall Street Analysts Forecast Growth A number of equities analysts have recently commented on the stock. Liberum Capital restated a “hold” rating on shares of BHP Group in a research note on Tuesday, March 5th. Citigroup upgraded BHP Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, StockNews.com cut BHP Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $50.00. Check Out Our Latest Report on BHP BHP Group Company Profile (Free Report) BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.
- 05/20/2024
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3 Copper Stocks to Own Amid Robust Demand
- Copper prices have surged past the $9,000 per ton mark. This highlights the solid demand for electric vehicles (EVs), data centers and renewable energy solutions.
- 05/16/2024
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7 Dividend Stocks to Buy as the Fed Mulls Rate Cuts
- For quite some time, the concept of dividend stocks to buy encountered a huge obstacle: the consistently robust and outperforming monthly jobs report. However, the latest employment picture for April finally showed a slowdown, which may give the Federal Reserve the cover that it needs.
- 05/15/2024
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BHP's options for Anglo American deal narrow as deadline looms
- BHP Group's options for its pursuit of rival miner Anglo American include sweetening its $42.7 billion buyout offer, making a hostile bid or walking away for now as it approaches a May 22 deadline to lodge a binding offer.
- 05/15/2024
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Brazil states ask court to double what Vale, BHP should pay for dam burst
- Two Brazilian states have asked a court to more than double the amount that miners Vale and BHP, plus a jointly owned tie-up, must pay in damages for a 2015 deadly tailings dam failure, according to a legal document seen by Reuters on Tuesday.
- 05/14/2024
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BHP shares jump 2.3% after Anglo announces break-up plan
- The Australian-listed shares of BHP Group rose 2.3% on Wednesday after its takeover target Anglo American announced a break-up plan to defend itself against a $43 billion offer.
- 05/14/2024
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Breaking Up Anglo American Now Could Mean Merging It Later
- Anglo American's plan to sell off assets and strengthen its balance sheet would likely make it an even more attractive acquisition.
- 05/14/2024
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Anglo American Plans Breakup After Rejecting BHP's $43B Bid
- Anglo American is planning to split up and sell several assets after rejecting a sweetened $43 billion offer by rival mining giant BHP Group (BHP) in a break-up plan Chief Executive Officer (CEO) Duncan Wanblad called its most “radical” shakeup in decades.
- 05/14/2024
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Jobs Slump, Stocks Jump: 3 Surefire Picks to Capitalize on April's Weak NFP
- The stock market reacted positively to weaker-than-expected labor market data in April's Non-Farm Payrolls (NFP) report, producing some stocks to buy. This counterintuitive response occurred because slower hiring leads to lower wage growth, which could help control inflation and benefit certain stocks.
- 05/14/2024
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Anglo American to exit diamond, platinum and coal mining as it fights BHP bid
- Anglo American on Tuesday said it would exit the coal, platinum and diamonds business as it fends off a takeover approach from BHP.
- 05/14/2024
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Investors expect BHP to lift Anglo American offer again
- BHP Group is likely to sweeten its $43 billion takeover offer for Anglo American for a second time and possibly add cash, investors in both companies said on Tuesday, after the London-headquartered target rejected a higher bid.
- 05/14/2024
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Anglo American Rejects BHP's Takeover Offer Again
- Anglo American Plc has rebuffed a sweetened approach from BHP Group Ltd. that values it at about £34 billion ($43 billion).
- 05/13/2024
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BHP says Anglo American has rejected a revised $42.6 billion takeover offer
- BHP Group said Monday that Anglo American rejected a revised takeover offer that would value the British miner at $42.6 billion (£34 billion).
- 05/13/2024
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BHP Is Rejected Again in Bid for Anglo American. The Offer Still Isn't Good Enough.
- The mining company raised its first offer after Anglo American said it "significantly undervalues" it.
- 05/13/2024
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Anglo American rebuffs second bid approach from BHP
- BHP Group Ltd (LSE:BHP, ASX:BHP) confirmed it has seen a second bid approach rebuffed by rival Anglo American PLC (LSE:AAL). While adding up to the same headline value - around £34 billion - and still requiring a slew of disposals, the transaction was structured to give Anglo investors a bigger stake in the enlarged business; around 16.6%, up two percentage points.
- 05/13/2024
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BHP says Anglo American rejected revised proposal
- BHP Group said on Monday that Anglo American had rejected a revised buyout offer.
- 05/13/2024
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Atlas Funds Management discusses BHP takeover bid for Anglo American
- Hugh Dive, CIO of Atlas Funds Management, discusses what's involved in the bid and the outlook for the deal, saying there are "a lot of regulatory issues."
- 05/13/2024
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Rio Tinto should not compete with BHP for Anglo American – investor says
- Rio Tinto Ltd (ASX: RIO) should not compete with BHP Group Ltd (ASX: BHP) to take over Anglo American plc (LON: AAL), says Daniel Sullivan. He's a portfolio manager at Janus Henderson Investors.
- 05/10/2024
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Rio Tinto had considered a bid for BHP-target Anglo American, AFR says
- Mining giant Rio Tinto had considered an offer for British miner Anglo American , which is now BHP Group's $39 billion takeover target, the Australian Financial Review reported on Friday.
- 05/09/2024
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Exclusive: BHP-Anglo American deal raises alarm in Japan's steel industry
- Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the global supply of coking coal if it goes ahead with a takeover of Anglo American.
- 05/09/2024
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Ivanhoe Electric Announces Exploration Alliance with BHP to Accelerate the Search for Copper and Other Critical Minerals in the United States
- The Alliance Will Focus Initially on Six Areas of Interest in the Southwest United States BHP to Contribute $15 Million of Exploration Capital over Initial Three-year Term Ivanhoe Electric will Provide Access to its New Generation Typhoon™ Geophysical Survey System and Computational Geosciences' Inversion Software Ivanhoe Electric will Operate the Alliance During the Exploration Phase, with any Joint Ventures Formed Owned 50/50 PHOENIX, AZ / ACCESSWIRE / May 8, 2024 / Ivanhoe Electric Inc. ("Ivanhoe Electric") (NYSE American:IE)(TSX:IE) Executive Chairman Robert Friedland, and President and Chief Executive Officer Taylor Melvin, are pleased to announce the signing of a definitive Exploration Alliance Agreement or "the Alliance" with a subsidiary of BHP (ASX: BHP, NYSE: BHP, LSE: BHP). The Exploration Alliance Agreement sets out the framework for BHP and Ivanhoe Electric to explore mutually agreed "Areas of Interest" or AOIs in the United States to identify projects within those AOIs that may become 50/50 owned joint ventures.
- 05/08/2024
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Dividend Income: Lanny's April 2024 Summary
- Dividend Income: Lanny's April 2024 Summary
- 05/07/2024
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Precious Profits: 3 Silver Stocks to Scoop Up on the Upswing
- Silver prices are soaring in 2024, making it a prime time to consider which silver stocks to buy. Propelled by a combination of factors, including safe-haven demand due to escalating geopolitical tensions, expectations of U.S. interest rate cuts, speculative buying and a surge in industrial metals, silver price is up 15% year-to-date.
- 05/02/2024
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Nickel Miners News For The Month Of April 2024
- Nickel spot prices were significantly higher the last month. Nickel market news - US & UK prohibit import of Russian-origin aluminum, copper, and nickel. The U.S. Loans Program Office has added supply/production of critical minerals to the list. Nickel company news - Ardea, Sumitomo Metal Mining (SMM) and Mitsubishi Corporation [MC] to form a JV to develop the Kalgoorlie Nickel Project (KNP) – Goongarrie Hub.
- 05/02/2024
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As BHP weighs firm bid for Anglo, investors fret over cherry-picking assets
- BHP Group can't cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, concerned that they stand to lose heavily by holding shares in South African subsidiaries.
- 04/30/2024
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BHP adviser canvassing investor views on improved Anglo bid, sources say
- An adviser to BHP on its $39 billion Anglo American bid is seeking views from some of its shareholders as the miner weighs making a revised offer after its initial proposal was rejected last week, sources said.
- 04/29/2024
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BHP Said to Consider Improved Anglo American Bid
- BHP Group is said to be weighing up an improved takeover bid for rival miner Anglo American Plc after its $39 billion initial offer was rejected. Paul Allen reports on Bloomberg Television.
- 04/28/2024
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BHP, Anglo American, Meta, Google, Microsoft, AstraZeneca, Rubrik, ComCast and more - Markets Defused
- Markets Defused aims to present an easy-to-understand and straightforward recap of the week's most engaging stock market news BHP takeover approach spurned by Anglo American Meta shareholders have an AI problem Alphabet revenues soared as it hailed the ‘Gemini era' Microsoft revealed another big boost from AI Microsoft-backed Rubrik soared in New York debut Peacock in the spotlight but Comcast stock dipped BHP takeover approach spurned by Anglo American Australian mining major BHP Billiton had its takeover advances spurned by Anglo American. BHP on Thursday launched a £31.1 billion proposal to buy up the assets of is smaller international mining rival in an ‘all-paper' transaction –offering new BHP shares to Anglo shareholders whilst also proposing to split off Anglo's platinum business to allay monopoly fears.
- 04/27/2024
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Bhp makes a huge bid for Anglo American
- BHP proposed a takeover of Anglo American that values the smaller miner at $38.9 billion, in a deal that would create the world's top copper producer while sparking the industry's biggest shakeup in over a decade. Will Kennedy reports https://trib.al/uXFqg9F
- 04/26/2024
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Anglo American Rejects BHP's $39B Takeover Offer, Opening Door To Bidding War
- Anglo American on Friday turned down the almost $39 billion takeover offer by rival mining giant BHP Group (BHP), setting the stage for a bidding war that could reshape the global industry.
- 04/26/2024
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Anglo Can Afford to Be Coy About a BHP Megadeal---for Now
- One way or another, some of mining giant Anglo American's assets seem destined for new owners.
- 04/26/2024
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Anglo American Rejects BHP Billiton Bid: What Happens Next?
- Ben Davis, mining analyst at Liberum, comments on Anglo American's widely-expected rejection of a $39 billion takeover proposal from BHP. Analysts and some Anglo investors had seen BHP's proposal as well below the sort of price that would bring the 107-year-old miner to the table.
- 04/26/2024
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Anglo American Rejects BHP Takeover Bid
- Anglo American Plc has turned down a $39 billion takeover proposal from BHP Group, saying it significantly undervalues the company. The rejection was widely expected as analysists and some investors had seen BHP's proposal undervaluing Anglo.
- 04/26/2024
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Anglo American rejects BHP's $39 billion ‘opportunistic' takeover bid
- Anglo American has turned down a substantial 31.1 billion pound ($39 billion) takeover offer from BHP Group, citing the proposal's failure to adequately value the London-listed mining company and its future growth prospects.
- 04/26/2024
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Anglo American rejects BHP's $39 billion bid as ‘opportunistic'
- Anglo American on Friday said it had rejected BHP's £31.1 billion ($39 billion) all-share takeover offer, arguing the Australian company's proposal “significantly undervalues” the British firm and its future prospects.
- 04/26/2024
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Anglo American rejects BHP's $39 billion takeover bid to form mining juggernaut
- Mining giant Anglo American on Friday rejected a takeover bid from rival BHP Group, saying the offer "significantly undervalues" the company and its future prospects.
- 04/26/2024
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Anglo Rejects BHP's $39 Billion Bid
- The U.K.-listed mining giant's chairman said BHP's proposal undervalues the company and is unattractive for its shareholders.
- 04/26/2024
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Anglo American rejects 'opportunistic' and uncertain £31bn BHP deal
- Anglo American PLC (LSE:AAL) has rejected BHP Group Ltd (LSE:BHP, ASX:BHP)'s 'opportunistic' £31 billion all-stock bid, saying it significantly undervalues its business, condemning the transaction as 'complex' and 'uncertain'. BHP's interest is Anglo's copper operations in Peru and Chile, with the Aussie giant looking to offload the iron ore and platinum operations.
- 04/26/2024
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BHP shares fall 3.6% after making $39 bln bid for rival Anglo American
- BHP Group shares fell 3.6% on Friday in the first day of trading since revealing a $38.8 billion bid for smaller rival Anglo American in a deal that would forge the world's largest copper miner.
- 04/25/2024
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BHP Might Need to Boost Its Bid for Anglo American
- Other suitors could also emerge.
- 04/25/2024
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Anglo American does not find BHP $39 bln offer attractive, sources say
- Anglo American does not consider a proposed $39 billion takeover offer from BHP Group as attractive, two sources told Reuters, as some large investors dismissed it as opportunistic.
- 04/25/2024
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Mining Giant BHP Bets on Copper With Megabid for Anglo American
- Mining giant BHP Group (BHP) has offered to buy rival Anglo American for nearly $39 billion in what would be one of the industry's largest transactions in years.
- 04/25/2024
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BHP's Anglo American offer: Questions over De Beers, rival bids and antitrust as games begin
- Aussie copper and iron ore giant BHP sent ripples through the mining sector after approaching Anglo American with a £31.1 billion bid for its smaller London-listed rival. Under the “unsolicited, non-binding and highly conditional combination proposal”, as Anglo called it, BHP wants Anglo to spin out key subsidiaries Amplats and Kumba This makes sense, in investment bank Jefferies' view; Amplats (Anglo American Platinum) and Kumba Iron Ore are both based in South Africa and listed on the Joburg bourse but “BHP does not want exposure to South Africa”.
- 04/25/2024
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BHP, Anglo American May Merge. Why It's All About Copper.
- The deal highlights the strengthening demand for metals such as copper in artificial intelligence and electric vehicles.
- 04/25/2024
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Mining Giant BHP Group Makes Nearly $40 Billion Bid For Rival Anglo American
- Australian mining giant BHP Group on Thursday made a nearly $40 billion offer to acquire its U.K.-based rival Anglo American, a deal that could create the world's largest copper mining company if the deal goes through.
- 04/25/2024
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BHP Offer Values Anglo American at $39 Billion
- BHP is proposing to take over Anglo American in a deal that values the smaller miner at £31.1 billion ($38.8 billion). The takeover would catapult the combined company's copper production far beyond its rivals while sparking the biggest shakeup in the industry in over a decade.
- 04/25/2024
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BHP's proposed bid for Anglo American is a big bet on copper
- BHP Group's proposed $39 billion buyout of Anglo American is a big bet on copper that could spark a scramble for mining assets as a bullish demand outlook and tight supply for a mineral crucial to the energy transition sends prices to multi-year highs.
- 04/25/2024
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Anglo American shares surge on possible BHP offer
- Anglo American shares surged Thursday after mining giant BHP approached it about making a takeover bid.
- 04/25/2024
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Anglo American shares pop 12% after BHP Group makes $39 billion takeover bid
- Mining giant BHP Group on Thursday said it had made an all-share takeover offer for rival Anglo American, valuing the company at £31.1 billion ($38.9 billion).
- 04/25/2024
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BHP Group makes $38.8 bln play for Anglo American, copper in focus
- BHP Group said it made an offer to buy London-listed miner Anglo American , valuing its share capital at 31.1 billion pounds ($38.84 billion), a deal that would create the world's biggest copper miner with around 10% of global output.
- 04/25/2024
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Anglo American confirms all-stock BHP bid approach
- Anglo American PLC (LSE:AAL) has confirmed it has received an all-paper bid approach from BHP Ltd. Terms of the offer were not disclosed, though Anglo, valued at £29 billion, said the deal would require the demergers of its platinum and iron ore businesses.
- 04/25/2024
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Mining giant BHP offers to buy rival Anglo American in potential megadeal
- Mining giant BHP has offered to buy Anglo American, a long-time rival with a market capitalization of about $35 billion, in a potential megadeal that could reshape the global mining industry.
- 04/24/2024
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BHP Approaches Rival Miner Anglo American About Takeover
- BHP Group Ltd. has approached Anglo American Plc about buying the 107-year-old company in a move that offers to spark the biggest shakeup of the global mining industry in over a decade.
- 04/24/2024
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BHP considering potential buyout offer for Anglo American, Bloomberg reports
- Global mining giant BHP Group is considering a potential buyout of British multinational mining company Anglo American Plc , Bloomberg News reported on Thursday, citing people with knowledge of the matter.
- 04/24/2024
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7 Gold Stocks to Buy as the Fear Trade Kicks into High Gear
- You don't need much to understand the incentive for gold stocks to buy. Just open a newspaper (or a news app for the modern audience).
- 04/24/2024
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Put $10,000 in These 7 Stocks by 2025
- I believe that investors could receive a handsome return by investing $10,000 into these seven stocks to buy by 2025. These companies are undervalued relative to their intrinsic worth, boasting attractive valuations that present a compelling opportunity for patient, long-term investors.
- 04/22/2024
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BHP's Iron Ore Q3 Output Up 3% Y/Y, FY24 View Maintained
- BHP Group (BHP) records iron ore production of 191Mt for the first nine-month period of fiscal 2024. This puts the miner on track to attain its targeted output of 254-264.5 Mt for fiscal 2024.
- 04/19/2024
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3 Key Stocks Helping to Drive the EV Race
- Of the few significant trends driving investor—and Wall Street—interest today is the race for electric vehicle (E.V.) domination.
- 04/12/2024
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7 Gold Stocks to Buy as the Fear Trade Kicks into High Gear
- Gold stocks to buy benefit from both a near term and long-term approach. In the immediate framework, the yellow metal has been a stout performer.
- 04/10/2024
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Final Trades: Allstate, BHP Group, 2-Year T-Note, and Applied Materials
- The Investment Committee gives you their top picks for the second half.
- 04/10/2024
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7 Stocks That Should Outperform on the Next Fed Rate Cut
- With the Federal Reserve having seemingly engineered a viable pathway to a soft economic landing, the topic of stocks to buy on rate cut have enjoyed significant momentum. Of course, as with anything involving high finance these days, the matter got more complicated.
- 04/09/2024
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BHP, VZ, BA: Stocks to Watch
- The S&P 500 is coming off its best first quarter sing 2019. David Dietze discusses this and goes over his stock picks.
- 04/01/2024
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BHP Group Should Be Added By Investors Seeking Income And An Attractive Total Return
- BHP reported slightly lower EPS for the first half of $1.296 compared to $1.303 the prior year after adjusting for exceptions. EBITDA increased to $13.875 billion from $13.230 billion. Many Australian BHP shareholders effectively receive a 7.07% dividend yield because of franking compared to 4.99% for U.S. BHP ADR holders.
- 04/01/2024
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5 Very Large Cap Blue Chip Stocks With 5% and Higher Dividends
- Sponsored: Find a Qualified Financial Advisor Finding a qualified financial advisor doesn't have to be hard.
- 03/30/2024
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Nickel Miners News For The Month Of March 2024
- Nickel spot prices were lower the last month and remain very low causing distress to the nickel miners. Nickel market news - Macquarie - Nickel market surplus just 36,000t this year. Nickel prices may soon recover from Indonesia-induced slump. Nickel company news - Vale to build another $2B HPAL plant in Indonesia. BHP has stood down around a quarter of the workforce building its $1.7B West Musgrave Nickel Project.
- 03/29/2024
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4 Oversold Large Cap Stocks Yielding High Dividends
- As the market continues its relentless ascent to new heights, propelled by the surging tech sector and hype surrounding AI, the murmurs of potential interest rate cuts by the Federal Reserve continue, and investors find themselves at a juncture where prudence meets opportunity.
- 03/14/2024
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7 Must-Own Gold Stocks to Combat Sticky Inflation
- With the Federal Reserve aggressively targeting inflation via elevating the benchmark interest rate, gold stocks to buy represented a questionable venture to say the least. Gold typically does well under rising prices as an inflation hedge.
- 03/06/2024
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Nickel Miners News For The Month Of February 2024
- Nickel spot prices were higher for the last month. Morgan Stanley suggests the possibility nickel (price) is close to a trough “looks increasingly likely". Nickel market news - EU, US to align global minerals push against China's supply grip. US moves to restore stockpiling ‘panic button' in EV metals fight with China. Nickel company news - BHP writes down value of Australian nickel assets after nickel price collapse. Eramet achieves a new record for nickel ore volumes in Indonesia (+72%) in 2023.
- 03/01/2024
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Profit Collapse Looms For BHP, Rio Tinto And Fortescue
- The crash in prices for nickel and lithium, two key battery metals, could be a precursor to something more significant, a collapse in the price of iron ore which underpins the profits of some of the world's biggest mining companies.
- 02/26/2024
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BHP Group (BHP) Reports Y/Y Flat Earnings in First Half of FY24
- BHP Group (BHP) witnesses year-over-year growth in revenues in the first half of fiscal 2024 courtesy of higher iron and copper prices while elevated costs weigh on its earnings.
- 02/21/2024
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Mining stocks slip as China woes hit iron ore prices
- Shares of global mining groups listed in London were under pressure Tuesday as concerns about weak growth in China pushed iron ore prices to their cheapest in three months.
- 02/20/2024
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BHP hit by big impairments after flat half
- BHP lowered its dividend by less than expected with its latest half-year numbers in a sign that it is more confident over the outlook for bulk metals said analysts. Underlying profits for the six months to end December 2023 were flat at US$6.60bn and slightly better than consensus estimates beforehand though big impairment charges reduced the total down to US$0.9bn.
- 02/20/2024
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BHP Profit Falls By 86% As The Nickel Crash Bites
- A collapse in the price of nickel, used in the batteries of electric vehicles (EVs) and stainless steel, all but wiped out the half-year profit of BHP, the world's biggest mining company.
- 02/19/2024
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BHP's Pilbara iron-ore train drivers to strike for 24 hours on Friday - union
- Iron-ore train drivers at BHP Group's Pilbara operations in Western Australia have voted to strike on Friday in a bid to secure an improved enterprise agreement, the country's Mining and Energy Union said on Monday.
- 02/11/2024
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The 3 Most Undervalued Renewable Energy Stocks to Buy in February 2024
- Undervalued renewable energy stocks are struggling. Companies are canceling projects as prices spiral out of control.
- 02/07/2024
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HBM or BHP: Which Is the Better Value Stock Right Now?
- Investors interested in stocks from the Mining - Miscellaneous sector have probably already heard of HudBay Minerals (HBM) and BHP (BHP). But which of these two stocks offers value investors a better bang for their buck right now?
- 02/07/2024
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Nickel Miners News For The Month Of January 2023
- Nickel spot prices were flat for the last month. Nickel market news - Macquarie forecasts surpluses for the nickel market all the way out to 2027. Fastmarkets - Surge in nickel production capacity to lead to structural oversupply. Nickel company news - BHP warns on the impact of low nickel prices. IGO decides to put Cosmos Nickel Project into care and maintenance.
- 02/01/2024
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The 3 Best Uranium Stocks to Bag Before They Blast Higher in 2024
- Fundamentally, the narrative for top uranium stocks 2024 comes down to basic math. Around mid-December, The Wall Street Journal reported that the commodity was running hot due to supply setbacks.
- 01/30/2024
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Under-the-Radar: 3 Stocks Poised for Surprise Gains
- Though one of the remarkable elements of the new year so far has been the sustained performance of the usual suspects, investors should still consider the potential value of stocks with unexpected gains. These enterprises might not be in the spotlight compared to more popular enterprises on Wall Street.
- 01/29/2024
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BHP and Vale told to pay US$9.7bn for Samarco dam disaster
- BNP and its Brazilian partner Vale have been ordered to pay US$9.7 billion (R47.6bn) in compensation from the Samarco disaster in 2015. Nineteen people were killed after the tailings dam at the mine failed, flooding vast areas of Minas Gerais state with contaminated mud and polluting lakes and rivers to the sea.
- 01/26/2024
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7 Gold Stocks to Buy for Uncertain Economic Times
- Inherently, the idea of gold stocks generates controversy in some circles because of its relevance – or lack thereof. Often labeled as a “barbarous relic,” the yellow metal is exactly that, a commodity.
- 01/25/2024
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Brazil's justice sentences Vale, BHP and Samarco to pay $9.7 bln in damage repair
- A Brazilian judge sentenced miners Vale , BHP and their joint-venture Samarco to pay 47.6 billion reais ($9.67 billion) in damage repairs over a burst tailings dam in 2015, according to a legal decision on Thursday seen by Reuters.
- 01/25/2024
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Beyond the Holy Grail: why the EV sector needs every lithium project to succeed
- When mining investors say "grade is king," they are referring to the richness of the ore, or the quality of the mineral deposit. Investors, mining companies, and analysts often prioritize projects with higher ore grades because they generally offer better returns on investment.
- 01/25/2024
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Buy The Dip: 2 High Yields Getting Way Too Cheap
- Many dividend stocks have dipped in early 2024 in response to increased hawkish rhetoric from Fed officials and solid economic data. We share why we believe this sell-off in dividend stocks is unjustified and why it is creating attractive "buy the dip" opportunities. We detail two of some of our top picks of the moment.
- 01/25/2024
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Peace Dividend Cut Alert: Important Warning To Passive Income Investors
- The peace dividend is likely about to be "cut." We look at the ramifications of a peace dividend cut on the stock market and dividend stocks in particular. We share how we are preparing our portfolio for such a scenario.
- 01/22/2024
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BHP faces nickel choice this year as high-cost Australian miners suffer
- Australian nickel producers, hit by a sharp jump in supply from rival Indonesia, are starting to buckle under low prices that analysts expect will force a rethink by top global miner BHP Group on its nickel strategy this year.
- 01/16/2024
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BHP: Better Late Than Never With This Commodity Story
- BHP's prospects have been massively lifted by the cooling inflation and speculative Fed pivot expected by Q1'24, with an improved outlook for commodities in 2024. We believe that the iron ore spot prices may remain elevated as China replenishes its lower portside inventory, triggering BHP's improved FQ4'23 top/ bottom lines. Copper prices may continue to climb ahead as the Panama mine closure destabilizes the delicate balance between global supply/ demand.
- 12/30/2023
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My 2 Latest Acquisitions For The Dividend Income Accelerator Portfolio: 1 Yields More Than 5%
- My latest acquisitions for The Dividend Income Accelerator Portfolio are closely in line with the portfolio's investment strategy. Both companies combine dividend income with dividend growth, exhibit financial health, attractive Valuations, and significant competitive advantages. From adding them, we have managed to increase the portfolio's 5 Year Weighted Average Dividend Growth Rate [CAGR] to 9.12% while reducing its sector-specific concentration risk.
- 12/16/2023
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BHP CFO steps down in executive reshuffle
- BHP Group BHP, +0.70% BHP, +0.08%, the world's largest miner by market value, said its chief financial officer will step down amid a reshuffle of the company's executive ranks.
- 12/06/2023
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BHP train drivers to start 'restrained' industrial action on Friday
- Around 400 train drivers for BHP's Western Australian iron ore division will begin industrial action late this week after rejecting an offer on rostering that they say fell short, a union representative told Reuters on Monday.
- 11/20/2023
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BHP Group: Leading Global Miner With Solid Financials For Income-Minded Investors
- BHP Group is among the top iron ore, copper, coal, and uranium miners. It sells globally its output. However, the heavyweight is China, which buys 58% of the company's production. At the current depressed commodity prices, BHP's performance is more than adequate. The gross profit margin remains nearly 80%, while ROTC is in the high teens. The company has $12.49 billion in cash and $24 billion in debt. The current portion of its long-term debt is $6.7 billion. BHP's debt is investment grade with a positive outlook.
- 11/09/2023
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7 Gold Stocks to Buy as the World Goes Off Its Rocker
- With geopolitical tensions tragically becoming the new standard, this framework opens the door for gold stocks to buy. Thanks to the underlying asset's reputation as a universal store of wealth, gold offers a hedge against inflation and uncertainty.
- 11/07/2023
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Mining giant BHP commits $4.9B to expand Jansen potash project in Saskatchewan
- (Kitco News) - Global mining and metals group BHP (ASX: BHP) announced on Tuesday that the company has approved an investment of US$4.9 billion (C$6.4 billion) for stage two of the Jansen potash project (Jansen Stage 2) in Saskatchewan, Canada.
- 10/31/2023
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2023 Global Dividend Rebalance
- 2023 Global Dividend Rebalance
- 10/28/2023
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B11 block cave successfully launched at BHP's Nickel West operations in Australia
- (Kitco News) - Global mining group BHP (ASX: BHP) announced on Thursday that in a major milestone for BHP's Nickel West operations at Leinster, Australia, the B11 block cave is now fully operational following the firing of the last drawbell last month.
- 10/19/2023
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Whitehaven acquires two metallurgical coal mines from BHP and Mitsubishi for up to $3.2B
- (Kitco News) - The company said this "transformational" acquisition will pivot its portfolio towards metallurgical coal.
- 10/18/2023
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BHP Group (BHP) Iron Ore Production in Q1 Falls 3% Y/Y
- BHP Group???s (BHP) iron ore production dips 3% year over year in the first quarter of fiscal 2024.
- 10/18/2023
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Mining giant BHP increases copper production 11% in September quarter, iron ore output down 3%
- (Kitco News) - Global mining group BHP (ASX: BHP) announced on Wednesday that in the September 2023 quarter, its total copper production increased by 11% year-over-year to 457 kt, including record quarterly production at Spence.
- 10/18/2023
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7 Mining Stocks Digging their Way to Greatness
- Finding the best mining stocks isn't easy. Unlike other sectors, like tech stocks, most retail traders have a limited understanding success factors for a mining stock company.
- 10/16/2023
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BHP: Why Metals And Mining May Be The Best Hedge For Your Oil Stocks
- The energy transition is placing a massive call on the metals and mining sector. Supply is lagging in expected demand and BHP, as the owner of low-cost mining assets, is positioned well for the trend. Once the short-term China headwinds dissipate, commodity prices and BHP's earnings will revert to higher levels.
- 10/08/2023
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Rio Tinto and BHP sell ratings removed by UBS as iron ore outlook not as bad as expected
- 'Sell' recommendations on BHP Group Ltd (LSE:BHP, ASX:BHP) and Rio Tinto PLC (LSE:RIO) shares have been removed by UBS as it sees the iron ore price stabilizing in the near future. Both mining giants have been upgraded to a 'neutral' rating, given the bank's expectation that iron ore prices will hold within the $100-130 per tonne range over the next six months.
- 10/06/2023
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BHP CEO: The world will need two times more copper in the next 30 years
- Mike Henry, BHP CEO, joins 'Closing Bell Overtime' to talk the mining and precious metal industry, how EV advancement has increased demand and more.
- 09/25/2023
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3 Uranium Stocks to Buy as Nuclear Energy Regains Popularity
- Although it's a controversial issue for obvious reasons, investors may nevertheless want to consider loading up on uranium stocks. For one thing, nuclear energy appears to be making a comeback.
- 09/12/2023
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BHP Keeps Mining Profits Across Economic Cycles
- BHP's share price has fallen 18% due to decreasing commodity prices, starting to make its 5.8% yield look attractive. In FY 2023, BHP achieved strong production records and is the lowest cost major iron ore producer globally who should be able to ride out the economic cycles. The company has had great cash flow characteristics over the past 5 years while still investing heavily for growth. A FCF analysis suggests yields around 8.3%.
- 09/09/2023
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BHP's Prospects Remain Highly Volatile After All
- While recent iron ore spot prices have recovered, similarly boosting the Capesize TCE rates and BHP's stock valuations/prices, it remains to be seen how long this optimism may last. These are mostly attributed to China's lower portside inventory and expanded imports in August 2023, with forward contracts through June 2024 appearing to be promising. Then again, since the commodity comprised the majority of its top and bottom lines, it is unsurprising that BHP has pledged diversified efforts toward copper and nickel.
- 09/08/2023
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Nickel Miners News For The Month Of August 2023
- Nickel spot prices were lower the last month. Nickel market news - BHP: "Turning to the longer term, we believe that nickel will be a substantial beneficiary of the global electrification mega–trend." Nickel company news - Glencore announces US$1.2 billion share buyback program. Horizonte Minerals' Araguaia Nickel Project now 65% complete.
- 08/31/2023
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BHP should focus on expanding its copper operations: CLSA
- Robert Stein of CLSA discusses where growth for BHP could come from, and explains why he is bullish on copper.
- 08/22/2023
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Mining giant BHP's annual profit falls on lower commodity prices and inflationary pressures
- (Kitco News) - BHP said that profit from operations and underlying EBITDA decreased primarily as a result of the lower prices across major commodities, and the impacts of inflation on its underlying cost base.
- 08/22/2023
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BHP Group (BHP) FY23 Earnings Dip Y/Y on Low Prices
- BHP Group (BHP) reports year-over-year declines in revenues and profits in fiscal 2023 due to lower commodity prices and inflated costs.
- 08/22/2023
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BHP hacks dividend as earnings fall, Chinese demand "relatively robust"
- BHP Group Ltd (LSE:BHP, ASX:BHP) reported a sharp fall in revenue and profits hit by falling metals prices and inflationary pressures. In the financial year to June 30, the Melbourne-based diversified miner said revenue fell 17% to $53.82 billion from $65.10 billion the year before reflecting "significantly" lower prices across iron ore, metallurgical coal, and copper.
- 08/22/2023
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BHP CEO: China Outlook Looks Uncertain
- Mike Henry, chief executive officer at BHP, discusses the company's China outlook, short-term pricing for commodities in China and his outlook for the property sector. He speaks on Bloomberg Television.
- 08/21/2023
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Wood Group and BHP head proceedings on Tuesday
- BHP to update as China property situation deteriorates It may not be in the FTSE 100 any more, yet final results from BHP Group Ltd (LSE:BHP, ASX:BHP) could still cause ripples around the mining sector.
- 08/21/2023
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BHP to update as China property situation deteriorates
- BHP's final results should have been a relatively straightforward update but the unfolding property and economic crisis in China might just have changed the mood. Along with Rio Tinto and Vale, BHP is one of the world's “iron ore monsters” delivering around a billion tonnes/year of ore to the seaborne market (65% of total) of which China takes a sizeable chunk.
- 08/18/2023
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The 7 Best Value Stocks to Buy in August
- While several market ideas have blossomed this year, many are overpriced, which naturally draws eyes to the best value stocks to buy. Here, we're talking about publicly traded securities that trade at a lower price relative to fundamental metrics, most commonly sales or earnings.
- 08/10/2023
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Vale loses bid to block BHP's London lawsuit in Brazil dam case
- Vale on Monday lost a bid to block fellow mining giant BHP Group's bid to have it share potential liability in a 36 billion-pound ($46 billion) London lawsuit over Brazil's worst environmental disaster.
- 08/07/2023
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New Strong Sell Stocks for July 27th
- AMTX, AROW and BHP have been added to the Zacks Rank #5 (Strong Sell) List on July 27, 2023.
- 07/27/2023
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New Strong Sell Stocks for July 24th
- APELY, BHP and BASFY have been added to the Zacks Rank #5 (Strong Sell) List on July 24, 2023.
- 07/24/2023
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Mining giant BHP increases copper and iron ore production in fiscal 2023, achieves annual guidance
- (Kitco News) - Mining giant BHP increases copper and iron ore production in fiscal 2023, achieves annual guidance
- 07/20/2023
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7 Dividend Stocks That Are Screaming Buys Right Now: July 2023
- Dividend stocks to buy as a concept offers universal relevance because of the underlying passive income. While nothing is guaranteed in the market, if you acquire shares of established enterprises that reward their shareholders with consistent payouts, dividend investing can bolster confidence.
- 07/20/2023
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BHP Group's (BHP) FY23 Iron Ore Production Increases 1% Y/Y
- BHP Group (BHP) produces 257 Mt of iron ore in fiscal 2023. It expects to produce 254-264.5 Mt of iron ore in fiscal 2024.
- 07/20/2023
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The 3 Best Nuclear Stocks to Buy Before ‘Oppenheimer' Hits Theaters
- Many movie buffs are eagerly awaiting the debut of “Oppenheimer” which is set to release on July 21. The movie will draw attention to the perils of nuclear power.
- 07/18/2023
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10 Buyable Inflation-Busting July Dividend Stocks
- March-April, 2022, UBS, Kiplinger, and Barron's analysts/reporters listed five sets of stocks as: “Inflation Busters.” Those five articles revealed 48 equities, with 43 paying dividends. This over one-year-old list continues to beat-back inflation.
- 07/13/2023
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How To Allocate $15,000 Among My Top 10 High-Dividend Yield Companies For July
- My investment strategy aims to achieve an attractive Average Dividend Yield and Dividend Growth Rate in order to help you increase your additional income via Dividend payments annually. In this article, I will show you how you could allocate the amount of $15,000 among 2 ETFs and my top 10 high dividend yield companies for July. This investment portfolio offers you a broad diversification and a reduced risk level, while at the same time delivering a Weighted Average Dividend Yield [TTM] of 3.90%.
- 07/07/2023
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My Top 10 High Dividend Yield Companies For July 2023
- My investment strategy aims to combine Dividend Income with Dividend Growth, helping you become less affected by the stock market's price fluctuations. In today's article, I will present you with 10 high dividend yield companies that currently have an attractive Valuation. In addition to that, they have strong competitive advantages, are financially healthy, and I expect them to provide your portfolio with Dividend Growth.
- 07/01/2023
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Nickel Miners News For The Month Of June 2023
- Nickel spot prices were lower last month. Nickel market news - BMI forecasts a nearly 2 million tonne nickel supply gap by 2030 and says nickel requires the largest critical mineral investment of $66 billion. Nickel company news - Nickel Industries conditional 19.99% placement to PT United Tractors Tbk raises A$943m. Poseidon Nickel updated Black Swan disseminated Resource of 26.3Mt at 0.72% nickel.
- 06/30/2023
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BHP Wants Australia to Scrap Nuclear Power Ban
- BHP Group Ltd. is calling for Australia to lift a longstanding ban on nuclear power to help the country meet its net zero target.
- 06/28/2023
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BHP Group: One For Dividend Investors
- BHP's share price has underperformed the S&P 500, but its high dividend yield makes it a potentially lucrative long-term investment. The company's financial performance has been weak, but H2 FY23 results could improve due to a pickup in metal prices and some expected strengthening of activity in China. Long-term investors may find BHP attractive for passive income, but short to medium-term investors might not see significant gains or losses.
- 06/27/2023
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URA: The Bull Case For Uranium Glows Brighter
- URA: The Bull Case For Uranium Glows Brighter
- 06/26/2023
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BHP: Clouds Gathering But Solid Investment Status Remains
- China's economic slowdown has cast a shadow over metal prices, and mining stocks, over the past year. Demand in the US, and global growth in renewables, should more than offset the Chinese slowdown. BHP's superior profitability and returns compared to peers make it a resilient investment option despite market volatility.
- 06/26/2023
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11 Buyable Inflation-Busting June Dividend Stocks
- March-April 2022, UBS, Kiplinger, and Barron's analysts/reporters listed five sets of stocks sorted as “Inflation Busters.” Those five-articles revealed 48 equities, with 43 paying-dividends. This over one-year-old list continues to beat-back new-strains-of-inflation.
- 06/13/2023
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New Strong Sell Stocks for June 7th
- BHP, SOUHY and METC have been added to the Zacks Rank #5 (Strong Sell) List on June 7, 2023.
- 06/07/2023
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3 Mining Stocks to Sell Before They Dig Themselves Deeper
- Mining is a huge industry worldwide. From the snowy, frigid mountains in Canada to the dry, arid Australian outback and the African grasslands, mining companies crisscross the globe in search of precious metals and minerals that power our world.
- 06/05/2023
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Mining news highlights: Amur, Empire Metals, Kefi, Thor and more
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Miner's Drilldown: Weekly technical analysis of the top 10 gold and mining stocks - edition of June 2, 2023
- (Kitco News) - Forty years ago I broke into this industry as a markets reporter on the trading floor of the Chicago Mercantile Exchange. As a cub reporter, one of the first things I learned from the professional traders on the floor was the value of technical analysis of the price charts.
- 06/02/2023
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BHP Is at Risk on Lackluster Base Metals and Coal Prices
- BHP Group's ( BHP , Financial) stock has lost over 7% of its market value in the past month, accumulating to a near 10% year-to-date capitulation. Although the company is in good structural shape, weak commodity prices have created an unwanted overhang on the company's financial performance.
- 06/01/2023
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Nickel Miners News For The Month Of May 2023
- Nickel spot prices were significantly lower the last month. Nickel market news - Nickel faces huge supply glut of Class 2 nickel as Indonesian output booms; however Class I nickel demand is very strong with LME inventory levels declining. Nickel company news - Vale imminent sale of 10% of its base metals business, reported to be worth $US20-25B. Glencore & Li-Cycle announce joint study for battery recycling hub.
- 06/01/2023
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BHP underpaid workers for 13 years after holiday pay muddle
- BHP Group Ltd (LSE:BHP, ASX:BHP) underpaid current and former workers across the country for 13 years, a review by the firm showed. The Australian mining giant found that around 28,500 employees received less holiday than they were entitled to, while 400 workers did not get additional allowances "due to an error with the employment entity.
- 06/01/2023
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BHP Group (BHP) & Microsoft Team Up to Use AI at Escondida
- BHP Group's (BHP) collaboration with Microsoft will help improve copper recovery at the Escondida mine with the help of artificial intelligence and machine learning.
- 05/30/2023
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Cobalt Miners News For The Month Of May 2023
- Cobalt spot prices were flat for the month, and LME inventory was lower for the month. Cobalt market news - Cobalt to remain key EV raw material despite substitution threat. Fastmarkets' research analysts forecast cobalt will reach an oversupply of 4,000 tonnes in 2023.
- 05/25/2023
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BHP Group And Rio Tinto: Keep Thinking Like Ray Dalio
- This is an update of an article I published on BHP Group and Rio Tinto about 8 months ago in Oct. 2022. That article recommended both stocks, not only because of their valuation and profitability but also for more strategic reasons.
- 05/25/2023
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BHP's CEO Makes a Strong Case for the Stock
- At the Bank of America Global Metals, Mining and Steel Conference earlier this week, BHP Group Ltd. ( BHP , Financial) CEO Mike Henry presented an update on the world's largest mining company's strategy.
- 05/18/2023
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Nickel Miners News For The Month Of April 2023
- Nickel spot prices were flat the last month. Nickel market news - INSG forecasts 2023 nickel surplus amid increase in Class 2 supplies. Fitch says nickel could average $US32,000/t in years to come.
- 05/01/2023
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Freeport-McMoRan And Southern Copper: One Has A Fatter Profit Margin
- Freeport-McMoRan And Southern Copper: One Has A Fatter Profit Margin.
- 04/23/2023
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Mining giant BHP increases copper and iron ore production in 9M of fiscal 2023
- (Kitco News) - Mining giant BHP increases copper and iron ore production in 9M of fiscal 2023
- 04/21/2023
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FTRI: ETF With 8% Yield To Bet On Commodities
- First Trust Indxx Global Natural Resources Income ETF holds 50 global stocks, mostly in materials and energy. The portfolio is quite concentrated in a few countries, industries and holdings. This fund may profit by inflation.
- 04/21/2023
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BATT: Falling Lithium Price Makes EVs More Affordable
- BATT: Falling Lithium Price Makes EVs More Affordable
- 04/19/2023
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Of 12 Ideal Inflation-Busting April Dividend Dogs - Buy 3
- March-April, 2022, UBS, Kiplinger, and Barrons analysts and reporters combined to list five sets of stocks sorted as: “Inflation Busters.” Those five articles revealed 48 equities, with 43 paying dividends.
- 04/12/2023
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BHP Group: Time To Sell, Current Ore Price Levels Aren't Likely Sustainable
- BHP Group Limited is heavily dependent on Chinese demand for iron ore and copper, and demand for these minerals should be weak this year. Copper and iron prices have already risen significantly in anticipation of China opening up, current prices look unrealistic for multiple reasons.
- 04/05/2023
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Nickel Miners News For The Month Of March 2023
- Nickel spot prices were lower the last month. Sprott launches Nickel Miners ETF. Nickel market news - EU Critical Raw Materials Act 10% of critical raw materials mined in Europe by 2030. Ford CEO says lithium and nickel are the key constraining commodities.
- 03/31/2023
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Cobalt Miners News For The Month Of March 2023
- Cobalt spot prices were lower for the month, LME inventory was lower for the month. Cobalt market news - EU Commission wants 10% of critical raw materials mined in Europe by 2030. Fastmarkets forecast cobalt surplus of 4,000t in 2023, increasing to 14,000t in 2024.
- 03/29/2023
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BHP: No End In Sight For The Good Times
- Returns remain superior, with 29% ROCE generated in H1 FY 2022/23, and returns to shareholders reaching 38 billion US dollars over the past 3 years. The spinoff and merger of the petroleum business is logical and came at the right time.
- 03/26/2023
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BHP, engineering firm Hatch to design electric smelting plant in Australia
- BHP Group on Thursday signed an agreement with an engineering and project management firm Hatch to design an electric smelting furnace pilot plant in Australia in an attempt to slash its greenhouse gas emissions to zero by 2050.
- 03/22/2023
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7 High-Yield Dividend Stocks to Compete Against Rising Yields
- Although passive income has always been a strong component of a well-balanced portfolio, investors may want to pay particular attention to high-yield dividend stocks to buy. Should the Federal Reserve continue to move forward with its interest rate hikes, bond yields will rise.
- 03/21/2023
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13 Ideal Inflation-Busting March Dividend Dogs
- March-April, 2022, UBS, Kiplinger, and Barrons analysts and reporters combined to list five sets of stocks sorted as: “Inflation Busters.” Those five articles revealed 48 equities, with 43 paying dividends.
- 03/19/2023
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Mining giant BHP awards C$260M worth of local contracts at its Jansen potash project in Saskatchewan
- (Kitco News) - Global mining giant BHP announced today that as construction progresses at its Jansen potash project in Saskatchewan, Canada, the company has awarded three new contracts in partnership with local First Nation communities.
- 03/10/2023
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BHP Group Could Be Set For A Golden Decade
- BHP has grown total returns to shareholders by more than 120%, compared to nearly 47% for the S&P 500. The company's stock market performance is founded on its excellent financial results, which have seen cash generation improve, profits rise, and returns soar.
- 03/05/2023
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5 Relatively Safe And Cheap Dividend Stocks To Invest In - March 2023
- This article is part of our monthly series where we highlight five companies that are large-cap, relatively safe, dividend-paying, and are offering large discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks.
- 03/04/2023
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Are We Heading To Recession? This Key Indicator Says No
- Amid persistently high inflation, more than 50% of adults believe the U.S. economy is in a recession. But this key indicator says no.
- 02/28/2023
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Cobalt Miners News For The Month Of February 2023
- Cobalt spot prices were down significantly for the month, and LME inventory was down for the month. A shift towards LFP batteries has not helped cobalt demand in China. Cobalt market news - BMI: Cobalt rout continues into 2023 due to limited demand from consumer electronics, a surplus supply from mines, and high inventory levels.
- 02/22/2023
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BHP shares have 'no further upside' says Goldman Sachs
- BHP shares have no further upside according to Goldman Sachs (NYSE:GS) in an uncompromising assessment of the mining titan's current value. Aussie-based BHP already trades at a premium to its rivals Glencore and Rio Tinto, which might be justified by its relative performance in Pilbara and returning copper growth, but cash flow is lower than its peers and so is the dividend yield.
- 02/22/2023
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BHP Group's Latest Results, Iron Ore Prices, And The China Equation
- Iron ore prices continue to be under pressure. Don't bet on China to bail out BHP or iron ore.
- 02/22/2023
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BHP Group (BHP) Earnings Dip Y/Y in First Half of Fiscal 2023
- BHP Group (BHP) witness year-over-year decline in revenues and earnings in the first half of fiscal 2023 due to lower iron and copper prices.
- 02/21/2023
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BHP results ‘weak across the board' reckon RBC analysts
- Australian multinational mining corporation BHP Group Ltd (LSE:BHP, ASX:BHP)'s latest first-half financials have been given a sobering assessment by equities analysts at RBC Capital Markets Results were “weak across the board”, said analysts, signaling out underlying EBITDA of A$13.2bn coming in 4% lower than RBC's guidance and earning per share of A$1.28 finishing 5% below guidance. Free cash flows came in less than 30% of RBC's projections, while net debt exceeded projections by A$4.8bn.
- 02/21/2023
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BHP Will Start to Dig Itself Out in 2023
- High costs and low iron ore prices dinged the Australian mining company's profit in late 2022. The outlook is brighter—but there are some potential spoilers.
- 02/21/2023
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Mining giant BHP says China and India growth will buoy demand despite profit drop
- Australian mining giant BHP is optimistic China and India's growth will boost commodity demand, even as the company reported a steep drop in half-year profits.
- 02/21/2023
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BHP Group posts bigger-than-expected drop in first-half profit, flags brightening outlook in China
- BHP Group Ltd (LSE:BHP, ASX:BHP) has posted a bigger-than-expected 32% drop in first-half profit owing to a fall in iron ore prices, although it also flagged a brightening outlook for its biggest customer, China. The global miner said China's strict zero-COVID-19 policy curtailed economic activity and dented demand over the past year, driving iron ore prices down from lofty levels, while miners wrestled with surging costs and a tight labour market in Australia.
- 02/21/2023
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BHP first-half profit and dividend fall on weaker commodity prices
- BHP Group Ltd. reported a 32% fall in first-half net profit and pared its interim dividend from a record-high level, mostly because of weaker prices for some of the commodities it sells, including steel ingredient iron ore and industrial metal copper.
- 02/21/2023
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We expect to see stronger steel and iron ore demand from China, says BHP
- Mike Henry, CEO of the mining company, says demand is likely to pick up toward the end of this calendar year.
- 02/20/2023
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BHP CEO: We Are Optimistic About the Outlook for China
- Mike Henry, chief executive officer at BHP, discusses the impact of China's reopening on the business, first-half earnings and where the company will see its biggest growth. He speaks on Bloomberg Television.
- 02/20/2023
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BHP Cuts Dividend as Softer Commodity Prices Dent Profit
- BHP Group Ltd. shares are trading lower in Australia.
- 02/20/2023
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Mining giant BHP says its half-year profit down due to lower iron ore and copper prices
- (Kitco News) - BHP said that its HY22 attributable profit from total operations was US$6.5 billion and underlying attributable profit was US$6.6 billion, each down 32% from the prior period.
- 02/20/2023
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BHP reports 32% drop in first-half profit on low iron ore prices
- BHP Group Ltd reported a 32.1% drop in its first-half profit on Tuesday, as a stringent zero-COVID policy in top consumer China weighed on iron ore prices and surging inflation led to higher production costs.
- 02/20/2023
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9 February Inflation-Busting Ideal Dividend Dogs
- March-April, 2022, UBS, Kiplinger, and Barron's analysts and reporters combined to list five sets of stocks sorted as: “Inflation Busters.” Those five articles revealed 48 equities, with 43 paying-dividends.
- 02/17/2023
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How To Allocate $50,000 Among 10 High Yield Dividend Income Stocks And ETFs
- In this article, I will show you how you could build an investment portfolio that aims to reach a relatively high Dividend Yield. I will demonstrate how you could allocate $50,000 among 10 high yield dividend income companies and ETFs while achieving a broad risk diversification.
- 02/16/2023
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7 Stocks to Buy as U.S.-China Tensions Flare
- After some signs of an attempt to soothe brewing bitterness, a suspected spy balloon flying over much of the continental U.S. dramatically pressured U.S.-China relations, in turn suggesting that investors need to adjust their stocks to buy accordingly. Essentially, market participants must focus on the essentials as economic consequences may erupt from the flareup in tensions.
- 02/16/2023
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Brownfield advantages - NorthIsle Copper and Gold focuses on former BHP copper mine in southern B.C.
- (Kitco News) - NorthIsle Copper And Gold CEO Sam Lee is hoping British Columbia returns to its copper roots.
- 02/10/2023
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Final Trades: CVS, Alphabet, Activision & more
- The "Halftime Report" traders give their top picks to watch for the second half.
- 02/10/2023
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3 Copper Mining Stocks To Watch In February 2023
- Should investors be adding these top copper companies to their 2023 watchlist?
- 02/07/2023
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OZ Minerals' $6.6 billion buyout by BHP gets Brazil's approval
- Australia's OZ Minerals on Monday said its A$9.6 billion ($6.61 billion) buyout by BHP Group received approval from Brazil's Administrative Council for Economic Defence.
- 02/05/2023
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5 Relatively Safe And Cheap Dividend Stocks To Invest In - February 2023
- This article is part of our monthly series where we highlight five companies that are large-cap, relatively safe, dividend-paying, and are offering large discounts to their historical norms. It's always a good idea to keep your wish list ready by separating the wheat from the chaff.
- 02/04/2023
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BHP: China Boost And Hefty Income
- BHP is a quality mining company that benefits from China's reopening. The longer-term outlook is good as well, thanks to macro factors such as renewable energy investments, infrastructure spending, and so on.
- 02/04/2023
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Glencore, Anglo American, BHP: Which of these stocks provides the best exposure to the current coal market?
- The coal world is ‘restoring its price hierarchy', as the costs for metallurgical coal are soaring, while those for thermal coal are under pressure, according to a research note issued by Liberum. The difference in pricing is due to the steel industry in Asia coming out of winter and looking for raw materials, while power-gens are stocking up before the next shoulder season, the City broker said.
- 02/03/2023
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This Clue Helps Spot The Best Stocks To Watch, Including These 11
- The best stocks to watch often hail from the top-ranked industries. Here's a look 11 stocks, including VRTX ad ULTA, that fit that bill.
- 01/31/2023
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Nickel Miners News For The Month Of January 2023
- Nickel spot prices were slightly lower the last month and the LME inventory was lower. Nickel market news - ING: Short-term pressure for nickel due to a surplus in the market, but said prices should see some support from tight conditions for Class 1 nickel.
- 01/31/2023
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Grade my trade: BKNG, BHP & PARA
- CNBC's ‘Halftime Report' investment committee, Kari Firestone, Bryn Talkington and Jim Lebenthal, weigh in on the Booking Holdings, BHP Group and Paramount trades.
- 01/27/2023
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Cobalt Miners News For The Month Of January 2023
- Cobalt spot prices were lower for the month, LME inventory was lower for the month. Cobalt market news - BMI anticipates that cobalt prices will fall in early 2023 given surplus forecasts. Project Blue forecasts cobalt prices should strengthen as the year goes on.
- 01/24/2023
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The 7 Highest-Paying Dividend Stocks for Income Lovers
- Income lovers are no doubt on the hunt for the highest-paying dividend stocks. Of course, investors must be aware of the risk that comes with the highest-paying dividend stocks.
- 01/23/2023
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7 Long-Term Stocks Every Smart Investor Should Own in 2023
- Although the volatility of last year may tempt contrarians to go big this year, some funds should be dedicated to long-term stocks to own. Don't get me wrong – under the right circumstances, taking potshots can prove incredibly lucrative.
- 01/21/2023
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High-Dividend-Yielding BHP Sees China Driving '23 Growth
- On Thursday, Mining giant BHP reported its operational review for the first half of fiscal 2023. It said China's reopening will stabilize commodity demand.
- 01/20/2023
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BHP Is Undervalued Amid Production Recovery
- BHP Group's ( BHP , Financial) stock could add to its 12% year-to-date surge according to my estimates as prospects for increased production are in the offering. Large mining enterprises such as BHP have yet to reach peak production as risk factors such as post-Covid maintenance and China's pandemic lockdowns have played their hand.
- 01/20/2023
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BHP Group "reported mixed Q2-23 production with strengths in iron ore and headwinds elsewhere", say Credit Suisse analysts
- Analysts at Credit Suisse have maintained a 'neutral' stance on BHP Group Ltd (LSE:BHP, ASX:BHP) shares after the FTSE 100-listed miner "reported mixed Q2-23 production with strengths in iron ore and headwinds elsewhere". The Swiss bank's analysts said they have updated their estimates for BHP's Q2-23 production and, as a result, their FY23 EBITDA / EPS estimates fall by 5% and 7% respectively on higher cost assumptions.
- 01/20/2023
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BHP Group (BHP) Reports 2% Rise in Iron Ore Production in 1H23
- BHP Group (BHP) produces 132 Mt of iron ore in the first half of fiscal 2023 and remains on track to achieve its guidance of 249-260 Mt in fiscal 2023.
- 01/19/2023
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BHP sees China stabilising commodity demand in 2023
- BHP Group Ltd (LSE:BHP, ASX:BHP), the world's biggest miner, said it believes China will stabilise commodity demand in 2023 as OECD nations continue to experience economic headwinds. “China's pro-growth policies, including in the property sector, and an easing of COVID-19 restrictions are expected to support progressive improvement from the difficult economic conditions of the first half,” said BHP chief executive Mike Henry.
- 01/19/2023
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Mining giant BHP increases copper and iron ore production in HY22
- (Kitco News) - The company said that Escondida copper production increased by 5% to 511 kt primarily due to higher concentrator feed grade of 0.79%, compared to 0.72% in the December 2021 half year.
- 01/18/2023
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BHP: Bullish On A Miner That Doesn't Fit Our Usual Criteria
- BHP Group's metals price basket is aligned to support the company's top line in 2023. Although coal prices might taper this year, the segment's operations are set to ramp up after rainfall-induced delays, which could phase price headwinds.
- 01/18/2023
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7 Inflation-Fighting Stocks to Buy to Build Income Streams
- Although information from the Dec. Consumer Price Index may seemingly bode well for costs-of-living dynamics, inflation-fighting stocks to buy is still a good idea. For one thing, it's probably not wise to make wholesale strategy changes based on a month's worth of data.
- 01/16/2023
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Improved outlook for major miners, as iron ore prices hit 17-month high and China starts to loosen up
- Shares in the UK's two biggest miners, BHP Group PLC and Rio Tinto PLC (LSE:RIO) both hit 12-month highs at the end of last week, even as the outlook for the global economy remains mixed. Many pundits are still forecasting that Europe and the US will go into recession this year, as higher inflation and interest rates continue to put the squeeze on economic activity.
- 01/16/2023
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10 January Inflation-Busting Ideal Dividend Dogs
- March-April 2022, UBS, Kiplinger, and Barron's analysts and reporters combined to list five sets of stocks sorted as: “Inflation Busters.” Those five articles revealed 48 equities, with 43 paying dividends. Article titles were, '24 Pricing Power Performers' [UBS]; ‘7 REITS Raising Dividends' [KIP]; '10 Stocks for Rising Interest-Rates' [KIP]; ‘5 Stocks to Stave-off Sizzling Inflation' [KIP]; ‘6 Dividend Stocks Whip Inflation [Barron's]'.
- 01/15/2023
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Optimism About Global Demand For Metals Boosts BHP, Other Miners
- Miners BHP, Rio Tinto, and Vale were among the big price gainers Thursday as their industry group moved higher, largely on news from China and Saudi Arabia.
- 01/14/2023
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Is BHP Group Limited (BHP) Stock Outpacing Its Basic Materials Peers This Year?
- Here is how BHP (BHP) and Commercial Metals (CMC) have performed compared to their sector so far this year.
- 01/13/2023
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Can Rio Tinto and BHP's updates maintain 2023's upward charge?
- Miners have bounced back with a bang at the start of 2023 and how much of it is sustainable will be clearer after updates from Rio Tinto and BHP next week. Rio (17th) and BHP (19th) are almost proxies for iron and copper and with prices of both metals rebounding sharply in the past few months on Chinese recovery hopes, the tone should be upbeat.
- 01/13/2023
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The 7 Best Bargain Stocks to Buy in January 2023
- Following a rough outing in 2022, investors seeking to make up for lost time may want to consider the best bargain stocks to buy in Jan. To be sure, plenty of headwinds exist, including historically high inflation and concerns about monetary policy. That said, it's doubtful that every single enterprise will fail.
- 01/11/2023
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7 Must-Buy Blue-Chip Stocks for Your January Buy List
- With many stocks discounted after a rough outing in 2022, market participants may want to concentrate on compelling blue-chip stocks to buy. The reason?
- 01/07/2023
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5 Relatively Safe And Cheap Dividend Stocks To Invest In - January 2023
- This article is part of our monthly series where we highlight five companies that are large-cap, relatively safe, dividend-paying, and are offering large discounts to their historical norms. It's always a good idea to keep your wish list ready by separating the wheat from the chaff.
- 01/07/2023
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2 Australian Stocks to Diversify Your Portfolio
- Australia is the home of kangaroos, great beaches and a solid economy. Despite having a population of just 26 million people, which is less than California at 39.24 million, the country has produced a range of great companies.
- 01/06/2023
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BHP vs. WPM: Which Stock Is the Better Value Option?
- BHP vs. WPM: Which Stock Is the Better Value Option?
- 01/05/2023
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Nickel Miners News For The Month Of December 2022
- Nickel spot prices were significantly higher the last month and the LME inventory was higher. Nickel market news - BMI: You can build the cathode/battery/EV plants; but if you don't have the raw materials, they're just expensive weights on your balance sheet.
- 12/30/2022
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What Makes BHP (BHP) a Strong Momentum Stock: Buy Now?
- Does BHP (BHP) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 12/27/2022
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Are Basic Materials Stocks Lagging BHP Group Limited (BHP) This Year?
- Here is how BHP (BHP) and Gerdau (GGB) have performed compared to their sector so far this year.
- 12/27/2022
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Best Income Stocks to Buy for December 27th
- BHP, CCEP and HTGC made it to the Zacks Rank #1 (Strong Buy) income stocks list on December 27, 2022.
- 12/27/2022
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New Strong Buy Stocks for December 27th
- PARR, ACR, ALGM, BHP and MYE have been added to the Zacks Rank #1 (Strong Buy) List on December 27, 2022.
- 12/27/2022
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7 Stocks to Buy to Get Ahead of the Nuclear Energy Evolution
- As we head into New Year 2023, there are clear indications that these top nuclear energy stocks to buy will continue to be attractive. Nuclear energy is one of the few renewable resources available for us to utilize and can make a huge contribution to meet the world's energy demands.
- 12/24/2022
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BHP Group: Time To Pause The Optimism - Keep Calm & Continue Dripping
- BHP is now trading with a minimal margin of safety, due to the extreme 31.15% rally from October's rock-bottom levels. In the meantime, investors would be well advised to pause the loading up and only DRIP accordingly.
- 12/24/2022
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My 5 Best Calls Over The Past 2 Years, And What I've Learned
- This article looks back at 5 of my most profitable positions over the past two years: shorting Zoom and TIPs, long Philip Morris, BHP, and Luk Fook. Two years is shorter than my preferred performance horizon, but these were cases where I bought low and sold high.
- 12/23/2022
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BHP's $6.39 billion acquisition of OZ Minerals gets closer
- (Kitco News) - BHP will pay for the acquisition through cash on hand and debt.
- 12/22/2022
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BHP Group (BHP) and OZ Minerals Finalize $6.4B Takeover Deal
- BHP Group (BHP) announces that OZ Minerals Limited has agreed to its $6.4 billion offer. This deal will boost its exposure to nickel and copper and enable the company to ride the energy transition trend.
- 12/22/2022
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BHP Offers To Buy Oz Minerals For $6.5 Billion As Mining Giant Seeks To Boost Clean Energy Assets
- BHP Group on Thursday offered to buy Australian copper producer Oz Minerals for A$9.6 billion as the world's biggest mining company by market cap seeks to boost its exposure to raw materials used in electric vehicles and clean energy production.
- 12/22/2022
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BHP Group (BHP) and OZ Minerals Extend Deal Deadline
- BHP Group (BHP) has made a revised offer to OZ Minerals Limited in a bid to enhance its exposure to copper and nickel and capitalize on their growing demand.
- 12/21/2022
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New Strong Buy Stocks for December 21st
- BHP, HTGC, CAT, CMC and KNSL have been added to the Zacks Rank #1 (Strong Buy) List on December 21, 2022.
- 12/21/2022
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Best Income Stocks to Buy for December 21st
- BHP, HTGC and CAT made it to the Zacks Rank #1 (Strong Buy) income stocks list on December 21, 2022.
- 12/21/2022
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5 Copper Stocks For 2023 And Beyond
- Copper stocks are poised to go up next year, but they could fall just as quickly. Here's what investors need to know about how to invest in copper mining in 2023 and beyond.
- 12/20/2022
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7 Stocks to Buy to Make the Most of Today's Market Fear
- What seemed an auspicious start to market proceedings last week ended in a mess of red ink, though this dynamic also serves to support certain stocks to buy to make the most out of recent volatility. Earlier on Dec. 13, CNN reported that inflation cooled more than expected.
- 12/19/2022
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BHP or WPM: Which Is the Better Value Stock Right Now?
- BHP vs. WPM: Which Stock Is the Better Value Option?
- 12/19/2022
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Are Investors Undervaluing BHP Group Limited (BHP) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 12/19/2022
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Want to Add Some Upside to Your Passive Income? Buy These 3 Ultra-High-Yield Stocks
- These companies have unique dividend frameworks enabling investors to cash in on their upside.
- 12/18/2022
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Steel Stocks, Mining Giants React As China Iron Ore Consortium Enters Market
- Steel stocks were mixed Friday as mining stocks dropped. A China-run consortium may soon be the biggest buyer of iron ore.
- 12/16/2022
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Buy 10 December Inflation-Busting Dividend Dogs
- March-April, 2022, UBS, Kiplinger, and Barron's analysts and reporters combined to list five sets of stocks sorted as: “Inflation Busters for 2022.” Those five articles revealed 48 equities, with 43 paying-dividends.
- 12/16/2022
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7 Cheap Retirement Stocks to Buy Now
- While the thought of being an AARP cardmember may be far away, it's never too early to start thinking about cheap retirement stocks to buy. True, timing the market carries risks.
- 12/15/2022
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Robert Friedland's pulse-powered processing business receives BHP investment
- (Kitco News) - I-Pulse method targets tensile weakness in rocks, which it said could substantially reduce the time, energy usage and greenhouse gas (GHG) emissions currently generated by critical mining activities.
- 12/14/2022
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Rio Tinto, BHP Group and Vale still a decent bets says bank, though copper is now the metal du jour
- American bank Jefferies has released a research note stating that they have been positive on iron ore for the past six weeks, due to the potential for a China reopening and seasonal supply issues. The rally in iron ore prices has occurred, from $76 per tonne (/t) on October 31 to $112/t last week.
- 12/14/2022
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BHP and Rio Tinto cut to 'Sell' by UBS as both stocks have moved "too far, too fast"
- Analysts at UBS have downgraded their ratings for BHP Group Ltd (LSE:BHP, ASX:BHP) and Rio Tinto PLC (LSE:RIO) to 'Sell' from 'Neutral' as they think both FTSE 100-listed miners have seen their stock move "too far, too fast". In a note to clients, the Swiss bank's analysts said: "In our opinion, the macro backdrop for commodities & the miners improved in November when China started to ease Covid restrictions & announced meaningful property stimulus; this was boosted by the Fed pivot & the USD starting to weaken.
- 12/13/2022
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3 Potential Copper Beneficiaries
- Copper prices are expected to surge in 2023, with various analysts on Wall Street anticipating a significant supply versus demand arbitrage.
- 12/12/2022
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The 7 Best Commodity Stocks to Buy for 2023
- While the business news cycle tends to focus on the latest technological innovations, it's important to consider the best commodity stocks to buy for 2023 as these companies undergird said advancements. As recent geopolitical flashpoints demonstrated, access to critical resources is just as important as the end products they help facilitate.
- 12/09/2022
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VALE Plans to Sell 10% Stake in Its Base Metal Business
- VALE will separate its copper, nickel and other metals business and is in talks to sell a 10% stake in it to a prospective partner.
- 12/09/2022
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Brixton Metals closes strategic investment from BHP, aims to advance its Thorn project in BC
- (Kitco News) - Brixton said it intends to use the proceeds of the private placement for exploration expenditures at the company's Thorn copper-gold-silver-molybdenum project in BC.
- 11/22/2022
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7 Stocks to Bet On if You Need Fast Cash
- For those seeking fast money stocks, most of 2022 has been a veritable nightmare. With an influx of severe headwinds – particularly soaring inflation and geopolitical flashpoints – the equities sector represented a value trap.
- 11/22/2022
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BHP Group (BHP) Sweetens Offer for OZ Minerals Limited
- BHP Group (BHP) has made a revised offer to OZ Minerals Limited in a bid to enhance its exposure to copper and nickel and capitalize on their growing demand.
- 11/21/2022
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BHP Group: In The Midst Of A Transformation
- BHP Group Limited is transforming the company to align with the narrative of a growing population and climate change. For this reason, the company divested BHP Petroleum and focuses on copper and potash.
- 11/18/2022
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BHP, world's top miner, nears biggest acquisition in a decade
- BHP predicts that demand for copper – an excellent conductor of electricity and has wide-ranging uses including in construction and electronics – will double in the next three decades.
- 11/18/2022
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Red-Hot Manager Forecasts Volatile 2023: His Stock Picks
- One of the very hottest mutual fund co-managers expects a rocky stock market in 2023. The post Red-Hot Manager Forecasts Volatile 2023: His Stock Picks appeared first on Investor's Business Daily.
- 11/18/2022
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Why BHP Group And Rio Tinto Stock Are Trading Higher - Rio Tinto (NYSE:RIO), BHP Group (NYSE:BHP)
- BHP Group Ltd (NYSE: BHP) and Rio Tinto plc ADR Common Stock (NYSE: RIO) shares are trading higher by 6.09% to $57.81 and 6.49% to $64.79, respectively, Friday afternoon.
- 11/11/2022
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7 Stocks to Buy Before the Market Starts to Soar in 2023
- With Americans being an optimistic bunch, the general assumption that the equities sector will rise following the ugly year in 2022 fundamentally bolsters several stocks to buy. However, it's important to be selective.
- 11/10/2022
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BHP's Elite Performance Continues
- BHP has outperformed its domestic market and come close to the S&P 500 in the last five years. It has benefitted from a nascent era of prudential capital allocation in the sector.
- 11/09/2022
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BHP: Focus On The Long Term
- BHP is facing cyclical challenges and secular opportunities. While current economic uncertainty could pose cyclical threats to demand in the short term, the demand for raw materials for EVs and infrastructure will drive prices for years to come.
- 11/08/2022
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Best Stocks To Invest In Now? 3 Good Dividend Stocks To Watch
- Are these the best dividend stocks to invest in this month?
- 11/07/2022
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25 November Value Buys Per Ben Graham's Formula
- "Benjamin Graham Value Stocks match the criteria. Benjamin Graham followed." -YCharts Value Screener. 33 Graham Formula results reflect Graham's established value-stock detection-criteria. Of those, 25 met the dogcatcher ideal of dividends from $1K invested exceeding their single-share-stock-prices.
- 11/05/2022
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BHP and Rio Tinto join forces on new tailings technology to reduce potential safety risks
- (Kitco News) - Global miners BHP and Rio Tinto today announced a partnership agreement to accelerate the development of technology that could significantly increase water recovery from mine tailings, and in turn reduce potential safety risks and environmental footprints associated with tailings storage facilities.
- 10/31/2022
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BHP Group And Rio Tinto: Think Like Ray Dalio
- Ray Dalio has shaped our investment strategy to a large degree. Diversification and risk control should not start with picking stocks but should start with asset allocation and geographical diversification.
- 10/31/2022
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BHP Group, ArcelorMittal trial carbon capture at Europe, US steel plants
- BHP Group is teaming up with steelmaker ArcelorMittal and two others to test a new technology to reduce carbon emissions in steel making at two plants in Belgium and North America.
- 10/27/2022
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BHP targeting potash production from Jansen in 2026
- Number one diversified miner BHP Billiton said production and unit cost guidance remains unchanged for the 2023 financial year.
- 10/19/2022
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The 7 Best Stocks to Buy to Invest in Nuclear Energy
- Given the disruptions to the global energy sector, many market participants have inquired about how to invest in nuclear energy stocks. Although a somewhat controversial industry because of certain high-profile incidents, the segment itself carries tremendous relevancy.
- 10/19/2022
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BHP ups copper, iron ore and nickel production in September quarter
- (Kitco News) - BHP announced Wednesday that during the quarter ended 30 September 2022, its total copper production increased by 9% y-o-y to 410 kt.
- 10/19/2022
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BHP coal drop bodes ill for Glencore, suggest brokers
- BHP Group lifted production of iron ore in its third quarter helped by Pilbara returning to normal production after Covid, but concerns over China and Australian labour issues overshadowed the numbers. Heavy rainfall also hit coal production though the increases in copper, nickel and iron ore helped to offset this.
- 10/19/2022
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BHP first-quarter iron ore production up on strong Western Australia mine activity
- BHP Group on Wednesday reported iron ore production rose 2% in the first quarter on the back of strong activity from its Western Australia mines amid lower COVID-19 related impacts and strong supply chain performance.
- 10/18/2022
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Why BHP Group Remains a No-Brainer
- Copper has had a volatile year in 2022. Bears point to the slowing economy and the way copper prices have sold off since April as signs that a cyclical decline is imminent, while bulls claim that long-term demand from the energy transition will more than make up for slowing construction.
- 10/14/2022
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Rio Tinto and BHP to reveal if the good times really are over for big mining
- Rio Tinto and BHP kick off the big miners reporting season next week as the recessionary clouds gather over the sector. After a run of huge profits and even larger dividend payouts, the mood has changed due to price weakness in iron ore and copper, two of Rio and BHP's big earners.
- 10/14/2022
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7 Copper Stocks to Buy Now Before Prices Boom
- Investing in commodities always carries outsized risk. And the recent movement in copper prices is a perfect illustration of this risk.
- 10/12/2022
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11 October Inflation Busting Dividend Dogs Ready To Buy
- March-April, 2022, UBS, Kiplinger, and Barron's analysts and reporters combined to list five-sets of stocks sorted-as: “Inflation Busters for 2022.” Those five-articles revealed 48 equities, with 43 paying-dividends.
- 10/11/2022
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2 Dividend Stocks To Watch In October 2022
- Check out these two high paying dividend yield stocks now.
- 09/30/2022
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BHP Is An Interesting Income Generation Idea
- BHP Group Ltd is now a pure-play miner after spinning off its oil and gas operations in June 2022. We like BHP's focus on growing its exposure to copper as the long-term demand outlook for the metal is quite bright.
- 09/27/2022
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4 Deeply Undervalued Dividend Stocks With Yields Over 5%
- The year 2022 has been challenging for many investors. Making money seems complicated when inflation is high, and returns in several asset classes remain negative.
- 09/26/2022
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Uranium Keeps Getting Warmer. Our Top Picks - BHP, Cameco And SRUUF
- Our recent 'Buy' notes in the uranium sector have proven righteous, in a very difficult overall market environment. We remain bullish on the uranium sector as a whole and are long the sector in staff personal accounts.
- 09/23/2022
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Best Copper Stocks To Buy Now? 2 Stocks For Your Long-Term Portfolio
- With another interest rate hike looming, could now be a good time to watch these copper stocks?
- 09/22/2022
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23 September Value Buys Per Ben Graham's Formula
- "Benjamin Graham Value Stocks match the criteria. Benjamin Graham followed. "---YCharts Value Screener. 31 Graham Formula results reflect Graham's established value-stock detection-criteria. Of those, 23 met the dogcatcher ideal of dividends from $1K invested exceeding their single-share-stock-prices.
- 09/22/2022
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BHP vs. WPM: Which Stock Is the Better Value Option?
- BHP vs. WPM: Which Stock Is the Better Value Option?
- 09/20/2022
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The 7 Best Nuclear Energy Stocks to Buy Now
- The best nuclear energy stocks represent companies that have a future as world seems to be fast approaching an energy crisis. Oil prices soared during the better part of the year, while natural gas prices are rising on fears over supply constraints heading into the winter.
- 09/19/2022
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EV Demand and Takeover Talk Are Sending These Stocks Higher
- The supply and demand situations are positive for copper stocks.
- 09/17/2022
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7 Undervalued Stock Picks to Beat the September Market Slump
- Although the tail end of the third quarter brought some unwanted volatility to the market, forward-thinking investors might want to use this time to strategize undervalued stock picks. One of the primary benefits of this approach is that such securities may not have that much further to correct.
- 09/16/2022
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Why BHP Group Is Well-Primed To Move Higher From Here
- BHP Group remains nearly 20% below its 2021 highs, as the market de-rated BHP to reflect worsening macro headwinds and execution risks relating to its investment cadence. However, we noted that BHP Group's valuation had been de-risked adequately for investors with high conviction over the company's execution.
- 09/13/2022
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BHP Group: Dividends Should Drop By At Least 50%
- BHP Group has done remarkably well over the last few years. Fat dividends have filled investor coffers, and the company is basically debt free.
- 09/12/2022
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Best Stocks To Invest In 2022? 4 Top Dividend Stocks In Focus
- Could now be a good time to add these dividend stocks to your portfolio?
- 09/08/2022
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The biggest risk for BHP shareholders is 'overpaying for an asset,' says asset management firm
- George Boubouras of K2 Asset Management discusses its portfolio of Australian mining companies BHP, Rio Tinto and Fortescue.
- 09/05/2022
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Why BHP, Freeport-McMoRan, and Steel Dynamics Stocks Sank Thursday
- Commodity prices are under pressure, but some of these stocks are already close to their 52-week lows.
- 09/01/2022
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BHP Group (BHP), Caterpillar to Refurbish Escondida Truck Fleet
- BHP Group (BHP) is collaborating with Caterpillar and Finning International to overhaul its entire haul truck fleet at the Escondida mine, to unlock significant operational value and carbon neutrality.
- 08/31/2022
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BHP shareholders seek consistent climate policy, submit resolutions
- BHP Group shareholders have sought inclusion of climate sensitivity analysis in financial statements from 2023, and requested consistency on climate policy, the world's biggest listed miner and an advocacy firm said on Tuesday.
- 08/29/2022
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Is BHP Stock A Buy Or Sell After Earnings? Buy The 11% Yield
- BHP Group had the best year in its history. The company is sharing the wealth with its owners, offering hefty dividends.
- 08/24/2022
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BHP breakout, 50-MA support, and strong fundamentals pushing price to $62?
- Shares of BHP Group Limited (LON:BHP) traded up 4% on Tuesday after strong FY22 results. That was after the net profit rose 173% to close the year at $30.9 billion.
- 08/17/2022
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BHP hands out the cash, investors shrug so have dividends lost their allure?
- Record profits and record dividends were the standout numbers in BHP's annual results statement on Tuesday, but one figure that did not appear in the statement was equally eye-catching. Based on the latest annual payout of 325c (270p) up 8% and a share price of 2,345p, the yield on the shares is a meaty 11.5%.
- 08/17/2022
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2 Winning Stocks You Can't Afford to Ignore
- Markets were mixed, but these companies showed fundamental strength.
- 08/16/2022
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BHP Group (BHP) FY22 Earnings and Revenues Increase Y/Y
- BHP Group's (BHP) underlying attributable profit surges 39% in fiscal 2022 on higher coal and copper prices, and a strong operational performance.
- 08/16/2022
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BHP says its FY2022 profit from operations up 34% to $34.1 billion
- (Kitco News) - BHP said the company delivered strong FY2022 operational performance and disciplined cost control to realise record underlying earnings of US$40.6 billion and record free cash flow of US$24.3 billion.
- 08/16/2022
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BHP group pays out record dividend as profits soar
- BHP Group, the world's biggest miner, said it will pay out a record US$16.3bn in dividends as it posted its highest ever full-year profit on record commodity prices, The group was also bullish on a recovery in China and said it will push ahead with growth options on a stronger demand outlook for one of its biggest customers. BHP said it will study plans to expand its top-earning iron ore unit to 330mln tonnes of production a year and is continuing to assess options to lift volumes in copper and nickel.
- 08/16/2022
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Soaring commodity prices lift BHP to best profit in 11 years, growing arsenal for M&A
- (Reuters) -BHP Group Ltd reported bumper profits on surging commodity prices on Tuesday, sending shares sharply higher, as the global miner failed to rule out a second approach in its spurned $6 billion bid for OZ Minerals.
- 08/16/2022
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BHP Group And Rio Tinto: Should You Expect Another Dividend Cut?
- BHP Group and Rio Tinto investors have both been disappointed by their recent dividend cut. BHP cut its semi-annual dividend by 25% (to $3.00/share compared to $4.00/share a year ago).
- 08/12/2022
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Will BHP Group cut its dividend like rival Rio?
- Annual results from BHP Group Ltd (LSE:BHP, ASX:BHP) early next week will be closely watched for further confirmation that the high water market for big mining earnings in this cycle has been passed. Peer Rio Tinto recently cut its dividend and as BHP is a partner on many of its huge iron ore and copper projects something similar from the now Aussie-based titan cannot be ruled out.
- 08/12/2022
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Buy 10 Inflation Buster Ideal Dividend Dogs In August
- March-April 2022 UBS, Kiplinger, and Barrons analysts/reporters combined to list five sets of stocks sorted as: “Inflation Busters for 2022.” Those five articles revealed 48 equities, with 43 paying dividends.
- 08/09/2022
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BHP's OZ Bid Could Signal a New Dawn for Mining M&A
- Miners have been hesitant to splurge on big acquisitions since the last big commodity bust. But recent events suggest that may be about to change again.
- 08/09/2022
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New Strong Sell Stocks for August 9th
- BHP, RIO, and GT have been added to the Zacks Rank #5 (Strong Sell) List on August 9, 2022.
- 08/09/2022
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Analysis-BHP needs to pay more for EV, clean energy metals as it returns to dealmaking
- BHP must shell out more if it wants to snap up assets like those of OZ Minerals - a play on the future of electrification and decarbonisation, analysts and bankers said, after the miner's unsolicited bid for the nickel and copper company was rebuffed.
- 08/09/2022
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OZ Minerals in play, as A$5.8bn dollar from BHP is rejected
- Shares in OZ Minerals Limited (ASX:OZL), the prominent ASX-listed copper and gold miner, have jumped by nearly 40% after the mining major BHP Group PLC made an indicative offer at A$25.00 per share for the company. The offer values OZ at A$5.8bn.
- 08/08/2022
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BHP to boost nickel exploration spending amid EV boom
- BHP Group will increase its spending on nickel exploration over the next two years to meet growing demand for the raw material used in making electric vehicle batteries, the chief of its nickel operations said on Wednesday.
- 08/02/2022
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About That 13% BHP Dividend Yield
- Is it too good to be true, a dividend yield of 12.97% at the end of trading on Thursday, July 28?
- 07/28/2022
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New Strong Sell Stocks for July 22nd
- BHF, BHP, and ASMIY have been added to the Zacks Rank #5 (Strong Sell) List on July 22, 2022.
- 07/22/2022
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BHP Group (BHP) Posts Flat Y/Y Iron Ore Production for FY22
- BHP Group (BHP) produced 253 Mt of iron ore in fiscal 2022. The company initiated guidance of 249-260 Mt for fiscal 2022.
- 07/20/2022
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New Strong Sell Stocks for July 20th
- BHP, AVVIY, and BLK have been added to the Zacks Rank #5 (Strong Sell) List on July 20, 2022.
- 07/20/2022
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BHP reports 4% decline in copper production for the fiscal year ended 30 June 2022
- (Kitco News) - The company said that copper production at Escondida decreased by six per cent to 1,004 kt.
- 07/19/2022
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BHP to assess Queensland coal business after latest royalty hike
- BHP, has warned it will look carefully at its coal investments n Queensland after the recent rise in royalty charges in the Australian state. In what was a generally downbeat fourth quarter update, Mike Henry.
- 07/19/2022
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BHP Group in Tuesday's spotlight with investors keen for reassurance
- Almost all eyes will be on outlook when BHP Group Ltd (LSE:BHP, ASX:BHP) updates the market on Tuesday. The mining sector is pinched between the rock of slowing Chinese demand and the hard place of high fuel and input costs, all of which adds up to a squeeze on margins and profitability.
- 07/18/2022
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New Strong Sell Stocks for July 13th
- EQX, BHP, and HMC have been added to the Zacks Rank #5 (Strong Sell) List on July 13, 2022.
- 07/13/2022
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BHP Group: 12.9% Yield Set To Decline But Still Makes Sense To Some Investors
- BHP Billiton sold off some on recession fears. Valuation multiples have rarely been this low in the last 10 years for BHP.
- 07/07/2022
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Expect a weak iron ore market in the second half, says analyst
- Peter O'Connor of Shaw and Partners says steel prices set the tone for iron ore prices, and they've been tracking lower in the last couple of weeks.
- 07/07/2022
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BP, BHP, Exxon 'under-reporting CO2 emissions'
- Exxon Mobil, BP PLC (LSE:BP.) and BHP Group Ltd (LSE:BHP, ASX:BHP) are the highest greenhouse gas emitting companies outside of the gulf and Asia, and all are vastly under-reporting the level of their emissions, according to new analysis.
- 06/29/2022
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BHP: Dividends Are Great But At What Cost
- With so many asset classes struggling in recent months, we assess if BHP will have better luck navigating what is to come. Commodity prices have been quite volatile in recent years. News from China is bearish, but the move towards renewable energy could offer robust demand.
- 06/24/2022
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7 Coal Stocks to Buy on Red-Hot Sentiment
- With global energy demand soaring due to unprecedented geopolitical and economic dynamics, these coal stocks to buy are on fire. The post 7 Coal Stocks to Buy on Red-Hot Sentiment appeared first on InvestorPlace.
- 06/20/2022
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BHP Group (BHP) to Retain New South Wales Energy Coal Unit
- BHP Group (BHP) plans to retain its New South Wales Energy Coal unit, which is likely to help the miner benefit from the current trend in coal prices.
- 06/17/2022
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BHP to retain NSW Energy Coal, says trade sale process did not result in a viable offer
- (Kitco News) - BHP today announced that it will retain New South Wales Energy Coal (NSWEC) in its portfolio and will seek the relevant approvals to continue mining beyond its current mining consent that expires in 2026.
- 06/16/2022
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BHP To Retain Australian Coal Project For Another 8 Years As It Failed To.
- BHP Group Ltd (NYSE: BHP) will retain New South Wales Energy Coal (NSWEC) in its portfolio. The sale process of NSWEC did not result in a viable offer.
- 06/16/2022
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Canada to invest up to C$100 million to develop low-emission BHP potash mine
- Canada will partner with the world's largest miner BHP Group Ltd and invest up to C$100 million ($77.83 million) in the development of a low emissions potash mine in Jansen, Saskatchewan, Canadian Innovation Minister Francois-Philippe Champagne said on Monday.
- 06/13/2022
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Canada to invest millions to cut emissions at BHP potash mine -source
- OTTAWA (Reuters) -Canada will announce a multi-million dollar investment on Monday to make the Jansen potash mine run by the globe's largest listed miner, BHP Group, "the cleanest and most sustainable in the world," a government source said on Sunday.
- 06/12/2022
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7 Top Retirement Stocks to Buy in June
- Given the volatility in the equities sector, investors should consider the long game with the top retirement stocks to buy. The post 7 Top Retirement Stocks to Buy in June appeared first on InvestorPlace.
- 06/12/2022
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Nickel Miners' News For The Month Of May 2022
- Nickel spot prices were significantly lower the last month and LME inventory was slightly lower. Nickel market news - Nickel market to swing to mild surplus persisting beyond 2022: Nornickel.
- 06/01/2022
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BHP merges its oil and gas portfolio with Woodside Energy
- BHP Group Limited (LSE:BHP) said the all-stock merger of its oil and gas portfolio with Woodside Energy Group was completed on Wednesday. BHP received 914.8mln Woodside shares for the sale of BHP Petroleum, while the former paid the in specie dividend and distributed the latter's shares to eligible BHP shareholders.
- 06/01/2022
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Is BHP Group (BHP) a Suitable Value Investors Stock Now?
- Let's see if BHP Group (BHP) stock is a good choice for value-oriented investors right now from multiple angles.
- 06/01/2022
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BHP: Here's why bank's mining team has cut its target price for stock in the big digger
- Deutsche Bank's mining team have begun to question BHP Group PLC's premium rating to Rio Tinto PLC (LSE:RIO) despite both being an equivalent size and having similar commodity exposure. It points out there are ‘technical reasons' why BHP trades at a premium to Rio, which has also been hit by ‘challenges within its iron ore business and senior management turnover'.
- 05/31/2022
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BHP Group Vs. Rio Tinto: Why We Like Both But Hold Rio Only?
- Commodities have outperformed all other major asset classes in past inflationary environments. And leading commodity stocks such as BHP Group and Rio Tinto can provide an even better hedge against inflation.
- 05/30/2022
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Look at energy and materials like BHP Group as hedges against inflation, says Payne Capital's Garcia
- Courtney Garcia, Payne Capital Management senior wealth advisor, joins 'Power Lunch' to discuss opportunities in beaten down stocks.
- 05/27/2022
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7 Cheap Long-Term Stocks to Buy Now
- These cheap long-term stocks will reward patient investors who know investing is the art of picking up the best shares at the right time. The post 7 Cheap Long-Term Stocks to Buy Now appeared first on InvestorPlace.
- 05/22/2022
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Woodside shareholders approve BHP petroleum merger - proxy votes
- Shareholders in Woodside Petroleum on Thursday approved a merger with BHP Group's petroleum arm to create a top 10 global independent oil and gas producer worth $40 billion, according to proxy votes shown at the company's annual meeting.
- 05/19/2022
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Final Trades: Progressive, Doximity, BHP & more
- The "Halftime Report" traders give their top picks to watch for the second half.
- 05/18/2022
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Woodside sees slim risk of big share selloff by BHP investors
- Woodside Petroleum does not expect heavy selling of the company's shares by BHP Group investors if Woodside's acquisition of BHP's petroleum business goes ahead in June, Chief Executive Meg O'Neill said on Monday.
- 05/17/2022
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Top 5 Trades of Ken Fisher's Firm in the 1st Quarter
- Fisher Asset Management, the firm led by Ken Fisher (Trades, Portfolio), disclosed in a regulatory filing that its top trades during the first quarter included boosts to its holdings of BHP Group Ltd. ( BHP , Financial) and Amazon.com Inc. ( AMZN , Financial) and reductions to its positions in Cisco Systems Inc. ( CSCO , Financial), The Walt Disney Co. ( DIS , Financial) and Intel Corp. ( INTC , Financial).
- 05/06/2022
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5 Metal Mining Stocks That Pay Dazzling Dividends
- One could argue that the most precious metal being mined these days is lithium. The commodity price of lithium increased by about 400% over the past year, while the price of gold rose by just 4.3%.
- 05/05/2022
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7 Dividend Stocks to Buy for May With Yields Over 6%
- With economic realities forcing many investors to look for passive income, these high-yield dividend stocks to buy are very relevant. The post 7 Dividend Stocks to Buy for May With Yields Over 6% appeared first on InvestorPlace.
- 05/05/2022
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After Plunging 12.8% in 4 Weeks, Here's Why the Trend Might Reverse for BHP (BHP)
- The heavy selling pressure might have exhausted for BHP (BHP) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
- 04/26/2022
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Is BHP Group Limited (BHP) Stock Outpacing Its Basic Materials Peers This Year?
- Here is how BHP (BHP) and Carpenter Technology (CRS) have performed compared to their sector so far this year.
- 04/25/2022
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BHP says copper production down in March quarter due to challenges in Chile, lowers guidance
- (Kitco News) - BHP reported Thursday that its total copper production decreased by 6% year-over-year to 370 kt in March quarter 2022 as the company experienced a challenging operating environment due to a reduction in its operational workforce as a result of a significant increase in COVID-19 cases in Chile.
- 04/21/2022
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BHP lowers copper production target after issues in Chile
- BHP Ltd has cut its copper production target for this year due to problems at its Escondida mine in Chile, with its nickel target also lowered. The Aussie-listed mining titan kept guidance unchanged for iron ore, metallurgical coal and thermal coal, though it cautioned it expects labour shortages in Chile and Australia to remain an issue this year before potentially easing in 2023.
- 04/21/2022
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BHP cuts copper output outlook over Chile protests, environmental concerns
- BHP Group Ltd cut its annual copper production outlook on Thursday as operations at its Escondida project in Chile took a hit over protests by workers and environmental activists, as well as labour shortages due to rising COVID-19 cases.
- 04/20/2022
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BHP reports flat third-quarter iron ore production
- BHP Group on Thursday reported flat third-quarter iron ore production from a year earlier, as a ramp up of production at its South Flank operations in Western Australia helped counter the impact of labour shortages.
- 04/20/2022
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Best Momentum Stocks to Buy for April 19th
- KOS, AGRO, and BHP made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 19, 2022.
- 04/19/2022
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New Strong Buy Stocks for April 19th
- have been added to the Zacks Rank #1 (Strong Buy) List on April 19, 2022.
- 04/19/2022
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Best Income Stocks to Buy for April 19th
- GRIN, BHP, and FNF made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 19, 2022.
- 04/19/2022
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Top Copper Stocks For 2022
- Copper demand should continue to outstrip supply in future years.
- 04/11/2022
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7 Steel Stocks to Buy in April for Sturdy Gains
- These steel stocks are set for robust gains. RTNTF, VALE, BHP and more can make great investments ahead of a commodity super-cycle.
- 04/09/2022
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Woodside investors to benefit from $40 billion merger with BHP arm -KPMG
- MELBOURNE (Reuters) -Australian gas producer Woodside Petroleum Ltd's agreed merger with BHP Group's petroleum arm is in the best interest of its shareholders, an independent expert said, valuing the combined group at around $40 billion.
- 04/08/2022
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New Strong Buy Stocks for April 7th
- ASO, OXY, WLK, TGT, and BHP have been added to the Zacks Rank #1 (Strong Buy) List on April 7th, 2022.
- 04/07/2022
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Why Shares of BHP Soared in March
- Rising commodity prices will favor resources companies like BHP.
- 04/06/2022
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The Rise Of Mining Stocks; Own these Mining Stocks to Preserve your Capital During Inflation
- As of March 2022, mining stocks have posted dividends and cash returns of about $24 billion, with more returns expected.
- 04/02/2022
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Thar's Gold in Them Thar Hills: 3 Best Mining Stocks Right Now
- Certain stocks have been rocket-shipping into oblivion, such as agriculture stocks and oil stocks. In this piece, we'll focus on mining stocks, another area that is firmly in the "boom" camp in a boom-and-bust cycle.
- 04/01/2022
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BHP prepares for fresh battle against $6.6 billion Brazil dam lawsuit
- Anglo-Australian mining giant BHP is preparing to battle a resurrected 5 billion pound ($6.6 billion) lawsuit in London's Court of Appeal next week, launched by around 200,000 Brazilians over a devastating dam failure in 2015.
- 03/31/2022
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BHP eyes $10 billion Chilean investments, but only with 'legal certainty'
- BHP Group Ltd said on Tuesday it will invest more than $10 billion in Chile to fuel growth in the world's largest copper producing nation for the next 50 years, but only under certain regulatory and fiscal situations.
- 03/29/2022
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BHP Does Not Need A Commodities Super Cycle To Be Attractive
- BHP Does Not Need A Commodities Super Cycle To Be Attractive
- 03/26/2022
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Is it too Late to Buy the Commodity Stocks?
- Commodities are soaring to decade highs on strong demand and supply chain disruptions. Here's where to invest.
- 03/23/2022
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Union at BHP's Escondida Chile copper mine threatens work stoppage
- A union representing workers at BHP's sprawling Escondida copper mine in Chile, the world's largest copper mine, on Thursday threatened a work stoppage over what it claims are breaches in its collective contract.
- 03/17/2022
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Exxon, BHP to invest $291 million to expand gas output off Australia
- MELBOURNE (Reuters) -Exxon Mobil Corp and BHP Group said on Thursday they will go ahead with a project to boost gas output from their Gippsland Basin Kipper field off southeast Australia, which would help fill a looming gas shortage in the local market.
- 03/16/2022
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The oil and commodities boom: 3 stocks to check out now
- The war in Ukraine and the ensuing sanctions have led to massive shocks in the global oil and commodities market. Oil prices have surged in particular, hitting the highest levels in over 8 years.
- 03/13/2022
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Copper price is at elevated levels. 3 stocks to benefit
- Copper prices have jumped sharply in the past few weeks as the crisis in Ukraine has escalated. Like all metals, copper has rise because of expectations of supply challenges.
- 03/09/2022
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5 Superb Stocks to Shield Against Stagflation
- Mounting concerns about a rare economic malady have investors increasingly seeking out stocks that protect against stagflation. Stagflation occurs when inflation rises while economic growth slows, and the U.S. last suffered from this economic malady in the 1970s to early 1980s.
- 03/07/2022
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Final Trades: Silver, BHP Group, Grayscale Bitcoin Trust & more
- The "Halftime Report" traders give their top picks to watch for the second half.
- 03/01/2022
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BHP makes $79 million investment in Filo Mining
- (Kitco News) - Upon closing BHP will own approximately 5% of Filo Mining.
- 02/28/2022
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Sandvik secures $216M contract with BHP for Jansen potash project in Saskatchewan
- (Kitco News) - Swedish multinational engineering company Sandvik said today that it has been awarded a contract from BHP for the Jansen potash project, located in Saskatchewan, Canada.
- 02/16/2022
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It's 'inevitable' that BHP will engage in M&A, says Credit Suisse
- Saul Kavonic of the investment bank says that without mergers and acquisitions, BHP will "remain a shadow of its former self with no real material growth catalyst."
- 02/16/2022
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BHP posts better-than-expected interim dividend, underlying earnings
- BHP Group Ltd announced a better-than-expected interim dividend and underlying earnings helped by higher sales prices across its major commodities and a strong operational performance. Underlying profits (EBITDA) jumped 33% to US$18.5bn (£13.7bn) for the six months to end December 2021 as revenue grew 27% to US$30.5bn.
- 02/15/2022
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BHP discusses inflation and says it'll do a better job than most of keeping a lid on costs
- Mike Henry, CEO of the mining company, discusses the inflationary pressures ahead and the factors that helped it turn in a record set of earnings for the first half the year.
- 02/15/2022
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Cash ahoy next week as Natwest, Glencore and BHP tipped to pay out big time
- Investors are set for another cash bonanza this week as miners Glencore and BHP are both expected to announce they are flush. NatWest, too, is expected to use some of its current financial strength to launch a big share buy-back.
- 02/11/2022
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BHP signals its acquisitive intent - but which companies will be on its wishlist?
- After a long hiatus, are the days of the big mining deal back with us? Chatter on that score suddenly burst across the airwaves after sources inside BHP apparently let it be known that the company was on the lookout for a big acquisition.
- 01/20/2022
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BHP Group (BHP) Reports 1% Rise in Iron Ore Production in 1H22
- BHP Group (BHP) produces 129.4 Mt of iron ore in the first half of the fiscal year 2022 and remains on track to achieve its guidance of 249-259 Mt in fiscal 2022.
- 01/19/2022
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BHP linked with tilt at Glencore after solid production update
- BHP PLC is being tipped as a possible bidder for rival Glencore PLC (LSE:GLEN) after Bloomberg reported the mining giant was looking for a transformative deal. Other possible targets mentioned included US copper giant Freeport McMoran or a big chunk of Brazilian miner Vale.
- 01/19/2022
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BHP posts 5% jump in second-quarter iron ore output
- BHP Group on Wednesday reported a 5% rise in iron ore production for the second quarter, driven by strong performance at its Jimblebar mine and ramped up production at South Flank in Western Australia.
- 01/18/2022
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Gazing Into My Crystal Ball for 2022
- 2021 was a big year for copper and other battery metals, but it was just the beginning. Expect more movement in this space in 2022.
- 01/18/2022
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BHP Billiton joins the electric train party
- (Kitco News) - In 2020 BHP pledged net-zero emissions by 2050.
- 01/17/2022
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URA: Valuations Assert Their Weight
- URA: Valuations Assert Their Weight
- 01/02/2022
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4 Copper Stocks With Solid Upside Potential in 2022
- Stocks like BHP, FCX, SCCO and TECK are set to gain on the solid demand outlook for copper supported by investments in electric vehicles and increased spending on infrastructure.
- 12/29/2021
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BATT: Lithium Battery Tech ETF Could Electrify Your Returns In New Year
- BATT: Lithium Battery Tech ETF Could Electrify Your Returns In New Year
- 12/29/2021
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Iron Ore Mining Companies: A 14 Metric Approach For Value Investors
- Iron ore prices plunged during the second half of 2021, which was a positive year for commodity prices. We delved into the top 5 iron ore producing companies in 2020 to spot the best risk-reward deal Mr. Market is offering at the mome
- 12/24/2021
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BHP says it will not match Wyloo's proposal to acquire Noront
- (Kitco News) - BHP Lonsdale Investments, a wholly owned subsidiary of BHP, a world-leading global resources company, said Tuesday that it will not increase or extend its offer for Noront Resources.
- 12/22/2021
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BHP Group: Healthy Merger Arbitrage Return With Minimal Risk
- BHP is currently a Dual-Listed Company ("DLC"). The company announced plans to unify or collapse the DLC structure, which is expected to be completed on January 31, 2022.
- 12/17/2021
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BHP Group (BHP) Petroleum Arm-Woodside Merger Gets ACCC Nod
- The merger of BHP Group's (BHP) petroleum business with Woodside moves a step closer toward completion, following the clearance from Australia's competition regulator.
- 12/16/2021
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November Readers Noted 26 Best To Buy Dividend Dogs
- October 24-December 3, 2021 readers mentioned 52 equities in their comments. Some lamented bad-news, so bad-news investments (rogues) mixed with (mostly) favorites. (Thus, these are the ReFa/Ro.).
- 12/08/2021
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Woodside confident shareholders will support merger with BHP's petroleum arm
- Woodside Petroleum is confident that its shareholders will vote in favour of the planned merger with BHP Group's petroleum arm in 2022, its chief executive said on Wednesday.
- 12/07/2021
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BHP Billiton and Wyloo search for Noront deal
- (Kitco News) - BHP announced it was setting up an office in Toronto
- 12/03/2021
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BCX: Commodities For Inflation Protection And A 5% Yield
- BCX: Commodities For Inflation Protection And A 5% Yield
- 11/29/2021
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BHP and Woodside Petroleum approve Phase 1 development of Scarborough upstream project in Australia
- BHP Group PLC (LSE:BHP) has approved US$1.5bn in spending to develop the Scarborough upstream project in the North Carnarvon Basin, Western Australia, it said as it also revealed it had signed the previously announced agreement with Woodside Petroleum Ltd to merge their oil and gas portfolios. The approved capital expenditure represents BHP's 26.5% interest in Phase 1 of the upstream development.
- 11/22/2021
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Global need for copper, nickel will multiply over next 30 years -BHP
- The global markets will need four times the nickel and double the copper in the next 30 years to facilitate a decarbonised world, a BHP Group executive said on Wednesday.
- 11/17/2021
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BHP Group: Get Paid >4% Waiting For Inflation
- Even though BHP's true dividend yield is likely closer to 4.4-8.8%, rather than the 11.27% calculated by some sources, these shares still offer an excellent return versus risks.
- 11/10/2021
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BHP agrees to sell 80% stake in BMC metallurgical coal JV for up to US$1.35bn
- BHP Group PLC (LSE:BHP) said it agreed to sell its 80% interest in BHP Mitsui Coal (BMC), a metallurgical coal joint venture in Queensland, for up to US$1.35bn (£1.0bn). "As the world decarbonises, BHP is sharpening its focus on producing higher quality metallurgical coal sought after by global steelmakers to help increase efficiency and lower emissions,” said BHP's President Minerals Australia Edgar Basto.
- 11/08/2021
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SCHY: International Dividend ETF Mitigating Risks
- SCHY: International Dividend ETF Mitigating Risks
- 11/08/2021
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Nickel Miners News For The Month Of October 2021
- Nickel Miners News For The Month Of October 2021
- 11/01/2021
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Cobalt Miners News For The Month Of October 2021
- Cobalt spot prices were higher for the month and LME cobalt inventory was slightly lower. Cobalt market news - Strong growth for cobalt, but some headwinds too. Cobalt slight supply deficit this year and will remain in one next year.
- 10/25/2021
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BHP Group: Sell-Off Is Overdone, Huge Yield Available
- BHP Group is a leading mining company that is highly profitable at current commodity price levels. The company has exposure to commodities that will benefit from ESG trends, such as copper and nickel.
- 10/21/2021
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Wednesday Afternoon Analyst Upgrades and Downgrades: BHP, Ford, First Solar, Halliburton, SolarEdge, Thermo Fisher and More
- The earnings season rally continued into Wednesday with the Dow Jones industrial average hitting a record intraday high, taking out its previous high back in August.
- 10/20/2021
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BHP ups cash offer for Noront Resources, trumping bid from Wyloo Metals and winning support from Noront
- BHP Group PLC increased its cash offer for Noront Resources Ltd, trumping a bid from Australian billionaire Andrew Forrest's Wyloo Metals Pty Ltd 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 made two days ago.
- 10/20/2021
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BHP tops Wyloo's Noront offer, again
- (Kitco News) - BHP Billiton is the world's largest diversified miner based on market capitalization.
- 10/19/2021
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BHP posts lower copper equivalent production in September quarter due to planned maintenance
- (Kitco News) - BHP reported yesterday that the group copper equivalent production decreased by 5% in the September 2021 quarter following lower minerals volumes largely a result of planned maintenance.
- 10/19/2021
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Atlas Funds Management on factors to consider when investing in mining giant BHP
- Hugh Dive of Atlas Funds Management discusses BHP's index weighting on Australia's market and the firm's high costs because of a tight labor market.
- 10/19/2021
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BHP scrapping its dual listing will save the firm a lot of money, says analyst
- David Lennox of Fat Prophets discusses the effect of BHP abandoning its dual-listing structure. He also says that despite China's Evergrande crisis and issues in the real estate sector, infrastructure spending will continue to drive iron ore prices higher.
- 10/19/2021
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BHP reports lower iron ore output for quarter, keeps full-year guidance unchanged unlike rival Rio Tinto
- BHP Group PLC reported lower iron ore production in the quarter to end September, due to planned maintenance work and the impact of temporary rail labour shortage, but kept its full-year guidance unchanged unlike its rival Rio Tinto PLC. Iron ore production for the world's largest miner fell 4% from the year-earlier quarter to 63.3 million tonnes (Mt), but guidance for the 2022 financial year remained at 249-259Mt.
- 10/19/2021
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Australian Billionaire Andrew Forrest's Wyloo Metals Beats BHP In Bidding War For Canada's Noront
- Noront Resources has agreed to accept the “superior” offer by Wyloo Metals—controlled by billionaire Andrew Forrest—in a deal that values the Canadian nickel miner at C$321 million ($260 million), trumping the offer from rival BHP Group.
- 10/19/2021
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Noront accepts 'superior' Wyloo offer, says BHP has five days to counter
- (Kitco News) - Noront Resources (TSXV: NOT) today announced it has settled the terms of a proposal from Wyloo Metals under which Wyloo Metals would acquire up to 100% of the common shares of Noront for C$0.70 in cash.
- 10/18/2021
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China a go-go? Share price movements in Glencore, Rio, BHP and Anglo are a bellwether for future economic trends
- During the summer just gone, shares in three of the big miners – Rio Tinto PLC (LSE:RIO), BHP Group and Anglo American PLC (LSE:AAL) - hit five-year highs as the iron ore price soared. Glencore, by contrast, London's other big miner, ploughed its own furrow.
- 10/15/2021
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BHP share price forecast as the commodity supercycle intensifies
- The BHP (LON: BHP) share price popped by more than 3.7% on Thursday as mining groups surged. This rally made it the best performing FTSE 100 stock.
- 10/14/2021
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ASX lower, BHP higher and is iron ore out of the woods?
- The S&P/ASX200 has dropped 19.00 points or 0.26% to 7,280.80 in this morning's trading, crossing below its 125-day moving average. Over the last five days, the index has gained 0.45% and is currently 4.61% off its 52-week high.
- 10/11/2021
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Dividend Income Summary: Lanny's September 2021 Summary
- In September, we (my wife and I) received a total of $4,154.72 of dividend income. Another $4,000+ month. The dividend from KeyCorp stands out, as the dividend is now over $100, at $105.99 vs. $72.05 in the past.
- 10/11/2021
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BHP remain positive on the price of iron ore
- (Kitco News) - BHP is looking on the bright side despite the relatively low price of iron ore. The price of iron ore has fallen dramatically since July after the Chinese government decided to release some of its strategic reserves. Not only that, the China and Australia-related trade tensions meant that Australia lost one of its largest customers who consume the base metal.
- 10/11/2021
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ASX higher as BHP does more nickel deals and coal endures dire predictions
- The ASX is expected to open higher this morning as Wall St rallied after US debt woes subsided. ASX Futures point to a gain of 0.5%.
- 10/07/2021
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BHP to require COVID vaccinations at Australian sites
- BHP Group, the world's largest listed mining company, announced on Thursday that from the end of January all workers and visitors entering its workplaces in Australia will need to be fully vaccinated against COVID-19.
- 10/07/2021
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ASX rises higher as BHP mandates vaccines
- The ASX was on a winner this morning, with the S&P/ASX200 gaining 42.10 points or 0.58% to 7,248.60. The index has lost 1.14% for the last five days, but has gained 10.04% over the year to date.
- 10/06/2021
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BHP in talks to buy Western Foreland copper project in the DRC from Ivanhoe Mines - report
- BHP Group PLC is in talks to buy a copper project in the Democratic Republic of the Congo, Bloomberg News reported, citing people familiar with the matter. It is in early discussions with billionaire Robert Friedland's Ivanhoe Mines Ltd to buy into Western Foreland, a vast exploration territory close to Ivanhoe's Kamoa-Kakula mine.
- 10/05/2021
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BHP in talks with Ivanhoe - report
- (Kitco News) - According to Bloomberg the talks are early and there is no guarantee a deal will be reached.
- 10/04/2021
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Why Shares of BHP Slumped in September
- It wasn't a good month for stocks exposed to China's property market.
- 10/04/2021
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September Readers Reveal 38 Ideal Dividend Dogs Primed To Buy
- August 30-September 23, 2021 readers mentioned 46 equities in their comments. Some lamented bad news, so bad news investments (rogues) mixed with (mostly) favorites. Hence, these are the ReFa/Ro. Ten analyst-target-estimated top net gain reader faves and rogues, QIWI, IEP, IMBBY, BTI CHMI, EPD, MAGS, LTC, HQH, and T, averaged 39.21% net gains from data collected 9/30/21.
- 10/02/2021
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Mining giant BHP delivers first nickel sulphate crystals from Kwinana
- (Kitco News) - BHP announced today that it has produced the first nickel sulphate crystals from its nickel sulphate plant in Kwinana, south of Perth in Western Australia.
- 10/01/2021
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Wednesday Afternoon Analyst Upgrades and Downgrades: Alcoa, BHP, Netflix and More
- Markets bounced back on Wednesday, after staring down what was the worst trading day since last March on Tuesday.
- 09/29/2021
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BHP Group: Strike While The Iron Is Cold
- BHP Group: Strike While The Iron Is Cold
- 09/24/2021
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Cobalt Miners News For The Month Of September 2021
- Cobalt spot prices were slightly higher for the month and LME cobalt inventory was about the same. Cobalt market news - Canaccord forecasts a cobalt deficit as early as 2024, forecasts prices rising beyond the previous peak of US$42.52/lb and sets long-term pricing at US$40/lb.
- 09/24/2021
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BHP, Rio Tinto, and Vale Stocks Look Cheap Based on Current Iron-Ore Prices
- Chris LaFemina of Jefferies sees a "soft landing" in China.
- 09/23/2021
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7 Classy Commodity Stocks to Add to Your Portfolio
- These hot commodity stocks are going strong, and Wall Street thinks they still have more gas in the tank as well. The post 7 Classy Commodity Stocks to Add to Your Portfolio appeared first on InvestorPlace.
- 09/22/2021
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Wednesday Afternoon Analyst Upgrades and Downgrades: AutoZone, BHP, Magnite and More
- After a rough start to the week, markets appear to have righted themselves in the wake of the Evergrande mess.
- 09/22/2021
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Iron Ore Prices Fall Below $100 per Ton on Weak Demand in China
- Iron ore prices have lost 34% of its value year to date as China's initiatives to clean up its highly-polluting steel sector have hurt iron ore prices.
- 09/20/2021
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BHP's Jansen potash project Jefferies "not compelling" on forecast prices
- BHP Group PLC gave more details on its decision to plough ahead with the Jansen potash development, but analysts at Jefferies said the economics are "simply not compelling" unless prices rise significantly. The Anglo-Aussie miner calculated the total capital expenditure for Jansen will be US$5.7bn for the 4.35mln tonnes per annum (mtpa) first stage (S1), with first ore expected in the 2027 calendar year, full production ramp to take two years but with an expected 100-year mine life.
- 09/15/2021
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Miners Embracing Autonomous Trucks for a Carbon-Neutral Future
- Rio Tinto (RIO) and Caterpillar (CAT) partner to develop zero-emissions autonomous haul trucks - a testament to the initiatives taken by major companies to ensure a carbon-neutral future.
- 09/15/2021
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BHP downgraded at Barclays on China and iron ore concerns
- Barclays has downgraded its stance on iron ore giant BHP Group due to economic problems in China while simultaneously making Glencore its top pick in the mining sector. BHP is now rated a hold/equal weight due to its recent strong relative performance, premium valuation and iron ore exposure now greater than Rio Tinto, said analysts at the bank.
- 09/14/2021
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BHP downgraded on China and iron ore worries
- Barclays has downgraded its stance on iron ore giant BHP Group due to economic problems in China while simultaneously making Glencore its top pick in the mining sector. BHP is now rated a hold/equal weight due to its recent strong relative performance, premium valuation and iron ore exposure now greater than Rio Tinto, said analysts at the bank.
- 09/14/2021
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BHP aims to have curbed emissions from steelmaking customers by 2050
- BHP Group on Tuesday laid out its aim to achieve net zero emissions by 2050 from the operations of its customers by working with them to cut carbon out of their processes.
- 09/14/2021
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Copper Is What Makes BHP A Future Mining King
- The world will require immense volumes of copper and BHP has the right assets in place to deliver and profit from the world 'going green'. Short & long-term political incentives and investment decisions are in place for the mining sector to do well over the coming years.
- 09/12/2021
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Proactive weekly mining highlights: Uranium prices, Greatland Gold, BHP Group.
- Aggressive buying of uranium by a new investment trust sent the price of the metal to its highest since 2014. The Sprott Physical Uranium Trust has snapped up around 6mln pounds of physical uranium, worth around US$240mln, since its launch in July, the FT reported Friday.
- 09/11/2021
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3 Stocks Under $100 to Buy and Hold Forever
- Some investors prefer to buy stocks for the long-term. They should consider these stocks under $100 with sustainable business models.
- 09/10/2021
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BHP signs partnership deal with billionaire-backed AI explorer KoBold
- BHP Group will team up with billionaire-backed AI exploration firm KoBold Metals to look for battery minerals like copper and nickel in Australia and other global locations, the companies said on Wednesday.
- 09/08/2021
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We think the energy sector could do well long term: Cuggino
- Michael Cuggino, president and portfolio manager of the Permanent Portfolio family of funds, joins The Exchange to discuss the market downturn in the energy and industrial sectors. "We would recommend diversification," he tells Kelly Evans.
- 09/07/2021
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Caterpillar, BHP Partner On Zero Emission Mining Trucks: What Investors Should Know
- Two $100 billion companies announced a partnership to bring zero-emission mining trucks to the market. What Happened: BHP Group Ltd (NYSE: BHP) and Caterpillar Inc. (NYSE: CAT) announced a partnership to design and implement zero-emission mining trucks to help with future initiatives.
- 09/07/2021
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Why BHP Group Stock Fell 15% in August
- The giant mining company is making changes to its business, and it seems investors are unenthusiastic about its plans.
- 09/03/2021
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Miners Investing in Autonomous Operations to Improve Efficiency
- Miners like BHP, VALE, RIO and NEM are investing in technology for improved front-line safety, increased production levels and efficiency while lowering their carbon footprint.
- 09/03/2021
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Mining Equipment Makers Bet on Hydrogen as the Future of Energy
- Mining equipment makers, Caterpillar (CAT) and Komatsu (KMTUY) are constantly striving to provide mining customers like Rio (RIO) and BHP Group (BHP) products that will reduce emissions while ensuring efficiency.
- 09/02/2021
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BHP and Caterpillar collaborate on development of zero-emissions mining trucks
- (Kitco News) - The effort is being partly driven by emission regulation.
- 08/31/2021
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Lara acquires Kenita project in Peru from BHP
- (Kitco News) - Lara Exploration (TSXV: LRA) reported today that it has signed a mining rights transfer agreement with BHP World Exploration to acquire the Kenita property in Peru in exchange for a commitment to pay a 1% net smelter returns royalty on any future production.
- 08/31/2021
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Noront affirms support for BHP offer
- (Kitco News) - Noront is a Canadian-based mining company that has the largest land position in the Ring of Fire. Noront's Eagle's Nest project is a nickel, copper and platinum group element (PGE) deposit. The company said it is the largest high-grade nickel discovery in Canada since Voisey's Bay and the most advanced project in the Ring of Fire.
- 08/31/2021
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BHP considers making COVID vaccinations mandatory at Australian sites
- Global miner BHP Group is mulling whether to make vaccinations for COVID-19 mandatory at its workplaces in Australia as the country's east battles ballooning virus cases.
- 08/30/2021
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Wyloo tops BHP offer for Noront
- (Kitco News) - Wyloo Metals announced Monday it is prepared to top BHP Billiton and acquire Noront Resources' shares at a price of C$0.70 in cash per share.
- 08/30/2021
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Nickel Miners News For The Month Of August 2021
- Nickel spot prices were lower in August, LME inventory was lower. Nickel market news - Morgan Stanley says demand for nickel is exceptionally strong. BMI says supply disruption leaves MHP nickel refiners high and dry.
- 08/30/2021
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BHP Group - Miner's Dip Offers A Buying Opportunity
- Despite the recent drop in iron prices, the metal remains at multi-year high creating revenue tailwinds as we advance through the year.
- 08/25/2021
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Why Shares of Major Metals and Mining Stocks Melted This Week
- Investors are spooked about the prospects for metals and mining stocks, but are they right?
- 08/20/2021
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Noront reiterates support of BHP offer, says Wyloo declined to execute confidentiality agreement
- (Kitco News) - Noront Resources (TSXV: NOT) today responded to the statement issued by Wyloo Metals yesterday, in order to clarify several of Wyloo's "misleading" statements relating to the proposed acquisition of Noront by BHP.
- 08/20/2021
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Copper Stocks: Why FCX, RIO, NEM, and BHP Are Down Today
- Copper stocks are taking a beating on Thursday and we're taking a look at what has investors in the resource companies feeling down. The post Copper Stocks: Why FCX, RIO, NEM, and BHP Are Down Today appeared first on InvestorPlace.
- 08/19/2021
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Brazil prosecutors seek to force Vale, BHP to pay off Samarco's debt -court document
- Brazilian prosecutors asked a bankruptcy court on Wednesday to compel miners Vale SA and BHP Group Ltd to fully pay off their Samarco joint venture's 50.7 billion reais ($9.47 billion) debt, according to a court document reviewed by Reuters.
- 08/18/2021
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BHP Group (BHP) Sees '21 Earnings Growth, Nears Petroleum Exit
- BHP Group's (BHP) underlying attributable profit surged 88% in FY21 on higher commodity prices and strong operational performance. It is exiting its petroleum business and investing in potash.
- 08/18/2021
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BHP share fall after hitting a multi year high following latest set of results
- (Kitco News) - BHP (BHP:LSE) shares hit the highest level since July 2011 after following the latest end-of-year results for June 2021.
- 08/18/2021
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BHP's plans to unify dual-listing gets mixed response, while petroleum exit raises possibility of acquisitions elsewhere
- BHP Group PLC's unexpected announcement that it plans to unify its dual-listed company (DLC) structure and shift its primary listing to Australia has had a mixed response, while the mining giant's exit from petroleum increases the possibility of acquisitions elsewhere. “We view the exit from Petroleum as a good strategic step, although we see limited valuation uplift from the proposed structure and it leaves BHP short on growth options,” said Deutsche Bank analyst Liam Fitzpatrick.
- 08/18/2021
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Woodside investors jittery on petroleum merger, BHP falls on listing change
- Shares in BHP Group Ltd. and Woodside Petroleum fell on Wednesday as investors digested details of the Perth-based oil and gas group's $40 billion merger with BHP's petroleum arm, with some questioning the value of the deal for Woodside.
- 08/17/2021
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Woodside CEO on BHP Asset Merger, ESG Strategy, Earnings
- Meg O'Neill, chief executive officer and managing director at Woodside Petroleum Ltd., discusses the deal to merge the company's oil and gas business with BHP Group Ltd.
- 08/17/2021
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Australia's Woodside shares drop on BHP petroleum merger
- Australia's Woodside Petroleum Ltd shares fell more than 4% on Wednesday in the market's first verdict on a merger with BHP Group's petroleum business that will turn it into a global top 10 oil and gas producer.
- 08/17/2021
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BHP returns to shareholders $15.2 billion in 2021 financial year
- (Kitco News) - BHP announced today that the company delivered a strong set of results for the 2021 financial year ended 30 June 2021, with a safe and reliable operational performance and strong financial returns supported by record high iron ore and copper prices.
- 08/17/2021
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BHP CEO Mike Henry on petroleum group merger with Woodside
- BHP CEO Mike Henry joins 'Squawk on the Street' to discuss the petroleum group's merger with Woodside Petroleum.
- 08/17/2021
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Mining giant BHP approves investment in Jansen Stage 1 potash project in Saskatchewan
- (Kitco News) - International mining giant BHP announced today that it has approved US$5.7 billion (C$7.5 billion) in capital expenditure for the Jansen Stage 1 (Jansen S1) potash project in the province of Saskatchewan, Canada.
- 08/17/2021
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UK market set to lose major stock as BHP plans Australia shift
- London's FTSE 100 index will lose its second largest company by market capitalisation if shareholders back plans by global resource giant BHP Group to end its dual listing structure and make Australia its primary stock market.
- 08/17/2021
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BHP unveils record final dividend and plans to end its London dual-listing
- BHP Group PLC reported a 69% jump in full-year underlying earnings, a record final dividend, plans to end its dual-listing in London, and a positive outlook for long-term commodity demand. The world's largest diversified natural resources company also announced the merger of its oil and gas assets with Woodside Petroleum Ltd and the approval of a US$5.7bn (£4.1bn) investment in its Jansen Stage 1 potash project.
- 08/17/2021
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BHP reports jump in full-year earnings, record final dividend and plans to end its dual-listing in London
- BHP Group PLC reported a 69% jump in full-year underlying earnings, a record final dividend, plans to end its dual-listing in London, and a positive outlook for long-term commodity demand. The world's largest diversified natural resources company also announced the merger of its oil and gas assets with Woodside Petroleum Ltd and the approval of a US$5.7bn (£4.1bn) investment in its Jansen Stage 1 potash project.
- 08/17/2021
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BHP Group's U.S.-listed shares diverge on plan to end dual structure
- The U.S.-listed shares of BHP Group diverged in premarket trade as the mining giant, alongside major moves to merge its oil and gas division with Woodside Petroleum and invest in potash, announced a plan to unify its corporate structure under BHP's existing Australian parent company. BHP Group Ltd BHP, -2.57% fell 4%, while BHP Group PLC BBL, -1.93% rallied 6%.
- 08/17/2021
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BHP approves US$5.7bn spend on Jansen Stage 1 potash project in Canada
- BHP Group PLC, the world's largest diversified natural resources company, said it approved US$5.7bn (£4.1bn) in capital expenditure for the Jansen Stage 1 potash project in the province of Saskatchewan, Canada. The approval was part of its strategy of growing its exposure to “future facing commodities”, the mining giant said on a day that also saw it announce a merger of its oil and gas assets with Woodside Petroleum Ltd, the release of its full-year results and its intention to end its dual listing in London.
- 08/17/2021
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BHP approves US$5.7bn capital expenditure for the Jansen Stage 1 potash project in Canada
- BHP Group PLC, the world's largest diversified natural resources company, said it approved US$5.7bn (£4.1bn) in capital expenditure for the Jansen Stage 1 potash project in the province of Saskatchewan, Canada. The approval was part of its strategy of growing its exposure to “future facing commodities”, the mining giant said on a day that also saw it announce a merger of its oil and gas assets with Woodside Petroleum Ltd, the release of its full-year results and its intention to end its dual listing in London.
- 08/17/2021
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BHP to sell oil, gas arm to Australia's Woodside in $28 billion merger
- BHP Group has agreed to sell its petroleum business to Woodside Petroleum in a merger to create a top 10 independent oil and gas company worth A$38.5 billion ($28 billion) with growth assets in Australia and the Americas.
- 08/17/2021
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BHP unveils oil and gas merger with Woodside Petroleum
- BHP Group PLC and Woodside Petroleum Ltd have announced plans to merge their respective oil and gas portfolios. The new entity would be among the largest independent energy companies in the world, in the top 10 for LNG production globally, and the largest energy company listed on the Australian Stock Exchange.
- 08/17/2021
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BHP to merge oil unit with Woodside as profit jumps 42%
- SYDNEY--BHP Group Ltd. said it will combine its oil-and-gas business with Australia's Woodside Petroleum Ltd.
- 08/17/2021
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BHP to sell oil and gas business to Woodside
- BHP Group said on Tuesday it will sell its petroleum assets to Woodside Petroleum in an all-stock deal as the world's biggest listed miner posted its best annual profit in nearly a decade.
- 08/17/2021
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BHP stock falls after confirming talks to sell oil business
- Shares of BHP Group Ltd. BHP, -3.08% BHP, -1.40% took a 3.1% hit in morning trading Monday, after the Australia-based mining giant said it has initiated a review of its petroleum business, which could include a sale.
- 08/16/2021
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Woodside Petroleum in talks with BHP Group to buy its hydrocarbon business
- BHP Group Ltd (LON: BHP) said on Monday it is in talks to merge its hydrocarbon business with Australia's Woodside Petroleum (ASX: WPL). The news comes shortly after the world's biggest miner also offloaded some of its coal assets as part of its broader push to exit fossil fuels.
- 08/16/2021
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Ocado and supermarket trends, BHP and the mining cycle both in focus on Tuesday
- A grocery market update on Tuesday will confirm whether weekly shops are still being done online or back in store as investors try to work out what the ‘new normal' looks like in the sector. A month ago, Kantar's monthly basket of supermarket data showed that total till takings had fallen 5.1% in the twelve weeks to 11 July, though spending was still £3bn higher than this time in 2019.
- 08/16/2021
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BHP confirms talks with Woodside regarding potential sale of petroleum business
- BHP Group PLC has initiated a strategic review of its petroleum business, the company said in response to press speculation. Woodside Petroleum Ltd is in advanced talks to buy BHP's petroleum division for about A$20bn (£10.6bn), the Australian Financial Review reported on Sunday, citing people familiar with the matter.
- 08/16/2021
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BHP considers sale of $15 Billion-valued petroleum business
- BHP Group Ltd. , the world's biggest mining company, said it is considering the sale of its petroleum business, a move that would reduce its exposure to fossil fuels amid growing pressure from investors and governments for resources companies to cut emissions.
- 08/16/2021
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BHP Explores Sale Of $15B Petroleum Business
- The world's biggest mining company BHP Group Ltd (NYSE: BHP) is considering the sale of its petroleum business as part of a strategic review. What Happened: The Australian mining company said it is in talks with Perth-based oil and natural gas company Woodside Petroleum Ltd (OTC: WOPEY) over a potential deal to combine its petroleum unit with Woodside.
- 08/16/2021
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Drumbeat grows louder for BHP to exit petroleum
- Expectations are growing that BHP Group Ltd will deliver a verdict on the future of its petroleum business at its results next week, as it comes under increasing pressure to cut its fossil fuel footprint.
- 08/13/2021
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Has BHP Group Limited Sponsored (BHP) Outpaced Other Basic Materials Stocks This Year?
- Is (BHP) Outperforming Other Basic Materials Stocks This Year?
- 08/12/2021
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Veris subsidiary signs managed services contract to support BHP iron ore village networks
- Veris Ltd's wholly-owned subsidiary, Aqura Technologies, has secured a new agreement to provide managed services support for BHP's West Australian Iron Ore (WAIO) accommodation village entertainment networks across nine sites. The contract is valued at $1.4 million and will see Veris provide managed support services over a three-year period.
- 08/11/2021
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The Top 10 Stocks to Buy According to Analysts
- Healthy markets have made it hard to find stocks to buy that analysts have real conviction about. Here are 10 that make the cut.
- 08/04/2021
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Rio Tinto and BHP to pay out US$100bn in dividends over next three years predicts JP Morgan
- Rio Tinto PLC and BHP Group PLC are set to pay out more than US$100bn in combined dividends over the next three years according to estimates from US bank JP Morgan. Rio has already announced interim dividend payments of US$9.1bn, which JPM notes was more than the whole of 2020.
- 08/02/2021
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Mining giants Rio and BHP to pay out US$100bn in dividends over next three years predicts JP Morgan
- Rio Tinto PLC and BHP Group PLC are set to pay out more than US$100bn in combined dividends over the next three years according to estimates from US bank JP Morgan. Rio has already announced interim dividend payments of US$9.1bn, which JPM notes was more than the whole of 2020.
- 08/02/2021
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Top Ranked Income Stocks to Buy for July 30th
- BHP, FANH, CATY, and CHCO made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 30, 2021.
- 07/30/2021
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8 Infrastructure Stocks on Watch as Senators Strike Deal on Infrastructure Bill
- Infrastructure stocks are being sought out by investors today, as a bipartisan committee comes to terms on the details of the bill. The post 8 Infrastructure Stocks on Watch as Senators Strike Deal on Infrastructure Bill appeared first on InvestorPlace.
- 07/28/2021
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Is BHP Group Limited Sponsored (BHP) Outperforming Other Basic Materials Stocks This Year?
- Is (BHP) Outperforming Other Basic Materials Stocks This Year?
- 07/27/2021
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RIO or BHP: Which Is the Better Value Stock Right Now?
- RIO vs. BHP: Which Stock Is the Better Value Option?
- 07/27/2021
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BHP can face £5bn Samarco dam case in London, appeal judges rule
- BHP PLC (LON:BHP) will face a court action in London over compensation for the Samarco dam disaster in Brazil after an appeal court overturned an earlier ruling that had dismissed the case. The appeal court said it would reopen the claim by 200,000 Brazilians for £5bn in damages even though an earlier had also been thrown out on grounds that the case should be heard in Brazil.
- 07/27/2021
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Exclusive-BHP delivers final offer to workers at Chile's Escondida copper mine -memo
- SANTIAGO (Reuters) -Labor contract negotiation at Chile's Escondida mine, the world's largest copper deposit, entered into a critical phase on Monday with the delivery of a final offer by operator BHP, according to an internal memo sent by the company to workers and seen by Reuters.
- 07/26/2021
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Rio Tinto and BHP lead the dividend recovery with more to come
- A jump in payouts from the mining giants underpinned a big bounce back in dividends from London-listed companies in the latest three months, according to research from Link Group. Further recovery is expected with the miners set to announce more hefty rises in the forthcoming results season with earnings buoyed by surging iron and copper prices.
- 07/26/2021
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Tesla, BHP ink supply deal for nickel ahead of demand surge
- Tesla will secure nickel from the commodity production giant BHP, the automaker's latest move to secure direct sources of raw materials that are projected to surge in demand before the decade is out. BHP's Nickel West division will supply an undisclosed amount of the mineral from its mines in Western Australia.
- 07/22/2021
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BHP dividend to jump 150% predicts broker
- Dividends will be the focus in BHP PLC's (LON:BHP) annual result statement on 16 August, with broker Berenberg expecting a bumper payout from the mining titan. Recent production numbers were in line with estimates, said the broker, as were the forecasts for next year.
- 07/22/2021
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Elon Musk and BHP agree nickel supply agreement for Tesla
- The world's richest man and the world's largest mining company are teaming up. BHP Group PLC has announced that it will supply nickel to Elon Musk's Tesla Inc, which it describes as “one of the world's leading sustainable energy companies.
- 07/22/2021
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Tesla Strikes Deal With Australia's BHP To Secure Nickel Supply: What You Need To Know
- Tesla Inc (NASDAQ: TSLA) has signed a deal to secure nickel supplies from BHP, the world's largest miner, as it looks to shore up supplies of a key ingredient used to build electric vehicle batteries. BHIP shares traded 3.13% higher in Australia after the announcement of the deal.
- 07/22/2021
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Mining giant BHP to supply Tesla with Australian nickel
- (Kitco News) - BHP will supply Tesla Inc. with nickel from its Nickel West asset in Western Australia.
- 07/22/2021
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Shares of Australian miner BHP jump 3% after news of nickel supply deal with Tesla
- "Demand for nickel in batteries is estimated to grow by over 500 per cent over the next decade, in large part to support the world's rising demand for electric vehicles," BHP said.
- 07/22/2021
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Top Ranked Momentum Stocks to Buy for July 21st
- NKE, LULU, BHP, and ABB made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 21, 2021.
- 07/21/2021
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BHP Said to Mull Oil Exit in Retreat From Fossil Fuels
- Jul.20 -- BHP Group is considering getting out of the oil and gas business, and the exit could be worth $15 billion, according to people familiar with the matter. The mining giant wants to make the move while it can still get a good price for these assets, the people said.
- 07/20/2021
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BHP sets record iron ore production from Australia, but results may be overshadowed by Samarco settlement
- BHP Group PLC (LON:BHP) reported production records at its Western Australia Iron Ore operations and the Goonyella Riverside metallurgical coal mine in Queensland. In an operational update for the year to end June, the miner also announced that Olympic Dam achieved the highest annual copper production since the acquisition by BHP in 2005 and the highest gold production ever for the operation.
- 07/20/2021
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COVID-year dents copper production at BHP
- (Kitco News) - Minerals exploration expenditure for the 2021 financial year was US$192 million, of which US$134 million was expensed.
- 07/19/2021
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BHP Billiton Can Hedge Against Inflation
- The company pays generous dividends to shareholders. The yield looks safe, and will grow as the demand for basic materials is growing.
- 07/18/2021
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10 Stocks to Buy That Will Double in the Second Half of 2021
- These 10 stocks to buy have strong free cash flow margins and are trading near the S&P 500's year-to-date return. The post 10 Stocks to Buy That Will Double in the Second Half of 2021 appeared first on InvestorPlace.
- 07/16/2021
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US Takes to Bulk Up Rare Earth Production: 5 Stocks to Track
- America is upping its game in rare earth production, which calls for keeping a track on stocks like BHP Group (BHP), Materion (MTRN), Tronox (TROX), MP Materials (MP) & Freeport-McMoRan (FCX).
- 07/16/2021
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BHP's Cerro Colorado to start from scratch on environmental plan, court rules
- BHP's Cerro Colorado copper mine must start again from scratch on an environmental plan for a key mine maintenance project, a Chilean court ruled on Tuesday, though the company said the decision would not impact operations.
- 07/13/2021
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8 Stocks Primed to Outperform in July
- July is a good time to buy fundamentally strong shares. Here are eight of the best stocks to buy for long-term investment portfolios.
- 07/07/2021
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BHP and Anglo American expected to positively surprise with dividend payouts, says UBS
- BHP PLC (LON:BHP), Rio Tinto PLC (LON:RIO), Fortescue Metals Group Ltd (ASX:FMG), Anglo American PLC (LON:AAL) and Glencore PLC (LON:GLEN) are expected to announce the return of about US$26bn to shareholders alongside their June-2021 results, said analysts at UBS. “We expect BHP to positively surprise due to stronger than expected 1H EPS, Anglo to positively surprise by moving to a 60% payout (from 40% historically) and Glencore to slightly disappoint by sticking to the 6cps commitment made in Feb-21,” the analysts said.
- 07/06/2021
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BHP shares a sell says Liberum as iron outlook worsens
- BHP PLC (LON:BHP) has been cut to a 'sell' by analysts at broker Liberum, who see clear signs that iron ore prices are coming off the top. “While we have been bearish on the iron ore outlook for some time now, we have awaited clear short-term signals before downgrading BHP.
- 07/02/2021
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BHP shares a sell says Liberum on bearish iron outlook
- BHP PLC (LON:BHP) has been cut to a 'sell' by analysts at broker Liberum, who see clear signs that iron ore prices are coming off the top. “While we have been bearish on the iron ore outlook for some time now, we have awaited clear short-term signals before downgrading BHP.
- 07/02/2021
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BHP cut to sell by Liberum on bearish iron outlook
- BHP PLC (LON:BHP) has been cut to a 'sell' by analysts at broker Liberum, who see clear signs that iron ore prices are coming off the top. “While we have been bearish on the iron ore outlook for some time now, we have awaited clear short-term signals before downgrading BHP.
- 07/02/2021
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Nickel Miners News For The Month Of June 2021
- Nickel spot prices were slightly higher in June, LME inventory was lower. 2021 IEA report forecast total demand increase for nickel from 2020 to 2040 of 7x to 19x. Nickel market news - Volkswagen to get actively involved in the raw materials business. Tesla to buy >$1 billion of Australian battery minerals a year. USA wants a nickel refinery.
- 06/30/2021
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3 Iron Stocks to Buy as Iron Ore Price Trends Above $220 Per Ton
- Iron ore prices will be supported by strong demand for iron ore amid concerns of supply. Players like BHP, RIO and VALE are well-poised to gain on this rally.
- 06/29/2021
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BBL vs. BHP: Which Stock Is the Better Value Option?
- BBL vs. BHP: Which Stock Is the Better Value Option?
- 06/28/2021
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4 Copper Stocks in Limelight Amid Soaring EV Popularity
- With the prospects of copper appearing bright thanks to the EV revolution, stocks like FCX, SCCO, BHP and TECK look promising.
- 06/23/2021
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Miners Betting on Automation to Enhance Productivity & Efficiency
- Miners like BHP, RIO and VALE are resorting to automation to boost operation efficiency. In sync with this, RIO partners with CAT to implement the world's first fully autonomous water truck at mine.
- 06/22/2021
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Market Update: Why Are Stocks Down Today?
- The stock market isn't doing its best today with many shares down for a variety of reasons and we're diving into that with a market update. The post Market Update: Why Are Stocks Down Today?
- 06/15/2021
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3 Stocks to Watch as Iron Ore Price Soars Above $200 a Ton
- With iron ore prices riding on strong demand in China, it will be wise to keep an eye on iron ore producers like BHP Group (BHP), Rio Tinto (RIO) and Vale (VALE), which are poised to benefit from this rally.
- 06/02/2021
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7 Stocks to Buy Amid Exploding Copper Prices and Global Rebound Optimism
- Copper is a leading barometer for global economic health. Here are seven copper stocks if you are optimistic on the economy.
- 06/01/2021
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There is another strike at BHP's Escondida mine
- (Kitco News) - The copper price has risen again in recent sessions as the workers are the world's largest copper mine have gone on strike once again. BHP (BHP:LSE) owns both Escondida and Spence where the workers have abandoned their duties over a pay dispute.
- 05/28/2021
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7 Best Metals and Mining Stocks to Buy Now
- These stocks to buy from the metal and mining sector will benefit from tailwinds of economic growth, de-carbonization and higher inflation. The post 7 Best Metals and Mining Stocks to Buy Now appeared first on InvestorPlace.
- 05/27/2021
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BHP Group's Stock Valuations Are Not Excessive
- BHP Group is a sound company with strong fundamentals. The major risks I see are the macroeconomic ones.
- 05/27/2021
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10 Different Stocks To Buy A 10-Year-Old 2nd Child
- This is a follow-up to my January 2018 article "10 First Stocks To Buy A 10-Year Old", reflecting on how choosing stocks for my 2nd 10-year old is different. 2nd children often look up to older siblings and feel some need to be different or competitive, and that shows in the stocks shown interest in.
- 05/27/2021
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5 Stocks to Watch as Rare Earth Exposure Rises in America
- As America pushes toward achieving net-zero emission, the focus is on rare earth stocks like MP Materials (MP), Tronox (TROX), Materion Corp (MTRN), Freeport-McMoRan (FCX) & BHP Group (BHP)
- 05/26/2021
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Cobalt Miners News For The Month Of May 2021
- Cobalt spot prices were lower for the month and LME cobalt inventory was about the same. EV supply chain majors pilot Re|Source, a blockchain solution for end-to-end cobalt traceability. Cobalt market news - S&P GMI forecasts the cobalt market to move into deficit from 2024. Analysts at RBC expect cobalt prices to reach $28.50/lb this year and $40/lb in 2024.
- 05/24/2021
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Final Trades: MSGE, F, BHP & SONO
- The final trades of the week, with CNBC's Melissa Lee and the Fast Money traders, Karen Finerman, Steve Grasso, James McDonald and Nadine Terman.
- 05/21/2021
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BHP enters $22 million farm-in agreement for Northern Territory copper project
- (Kitco News) - BHP may earn up to a 75% interest in Elliott by spending up to A$22 million over 10 years.
- 05/20/2021
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BHP delivers ore from 'Australia's largest new iron ore mine in over 50 years'
- (Kitco News) - BHP said that its South Flank is an 80 Mtpa sustaining mine, and will be the most technically advanced high quality iron ore mine in Western Australia.
- 05/20/2021
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BHP delivers first ore from Australia's largest new iron ore mine
- (Kitco News) - BHP said that South Flank is Australia's largest new iron ore mine in over 50 years and is on time and on budget.
- 05/19/2021
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Mining giant BHP sees further growth in innovation, exploration and acquisitions
- (Kitco News) - Answering questions at the fireside chat of the Bank of America Metals, Mining and Steel Conference held yesterday, BHP CEO Mike Henry said that the company will focus its further growth on the commodities of the future, citing copper and nickel among priorities.
- 05/19/2021
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Bullish Uranium Miners Via URA And URNM ETFs
- Bullish Uranium Miners Via URA And URNM ETFs
- 05/18/2021
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BHP CEO Lays Out How World's Number-Two Miner Is Adapting to ESG Pressure
- A speech from the chief executive of BHP Group is notable for how it describes the industry adapting to environmental pressure from investors.
- 05/18/2021
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BHP Group (BHP) Rides on High Iron Prices Amid High Costs
- Iron ore prices have been gaining on the back of strong demand in China and supply concerns, which will reflect on the BHP Group's (BHP) results.
- 05/14/2021
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Mining Stocks Gleam As Copper, The Red Metal, Becomes The 'Green Metal'
- Mining stocks have bulldozed ahead as prices for copper, iron ore and aluminum surged. Long-term bullish outlooks for copper prices are tied to green energy and EVs.
- 05/14/2021
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BHP, Rio, Vale launch contest to cut haul truck emissions
- The world's top three iron ore miners on Thursday launched a competition to crowdsource efficient ways to deliver power to battery-electric haulage truck fleets as they strive to cut greenhouse gas emissions.
- 05/12/2021
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Iron Ore Stocks: Why FSUGY, BHP, RIO, VALE Stocks Are on Watch Today
- Iron ore stocks are on the rise Monday as commodity prices climb. Iron ore will make the steel underpinning global economic recovery.
- 05/10/2021
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PICK: Metals Surge As Commodities Enter A New Supercycle
- PICK: Metals Surge As Commodities Enter A New Supercycle
- 05/07/2021
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Exclusive: UK court to reconsider $6.9 billion Brazil dam lawsuit against BHP
- London's Court of Appeal will hear a request to revive a 5 billion pound ($6.95 billion) lawsuit against Anglo-Australian mining group BHP over a 2015 dam failure in Brazil, a court order showed.
- 05/06/2021
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BHP Group: Over 5% Yield And On An Uptrend
- Rising iron ore and copper prices places BHP in a cyclical upswing, benefiting from the economic recovery and potential bumper earnings in 2021. Decarbonization infrastructure and the Paris Agreement are megatrends supportive of bright long-term prospects.
- 05/05/2021
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91-Year-Old Man Wins My Stock-Picking Competition
- In a crazy-good year for stocks, Robert Zedler, a 91-year-old retiree in Suffolk, Virginia, won Dorfman's Three-Stock Derby with a 334% return.
- 05/03/2021
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Analysis: BHP's Mt. Arthur bind illustrates mining's coal dilemma
- As BHP Group looks at options to spin off or sell its thermal coal assets, the miner is facing pressure from climate conscious investors who want divergent paths and that's even before getting to the tough task of finding a buyer.
- 04/30/2021
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5 Stocks to Watch as Copper Prices Hit Nine-Year High
- Continued expansion in manufacturing globally and infrastructure spending plans in the United States have boosted copper prices, making it wise to look at names like Rio Tinto (RIO) and BHP (BHP)
- 04/26/2021
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Cobalt Miners News For The Month Of April 2021
- Cobalt spot prices were slightly lower for the month and LME cobalt inventory was slightly lower. Cobalt market news - President Biden's $2.25 trillion infrastructure package proposes a $174 billion investment "to win the EV market".
- 04/24/2021
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BHP 's forward yield is 10% says Berenberg after raising dividend forecast
- Mining giant BHP Group PLC (LON:BHP) is yielding around 10% currently based on its latest forecasts, said Berenberg. The German broker said third-quarter production numbers were broadly encouraging with a raise in copper guidance and petroleum and iron ore guided to the higher end of the previous range.
- 04/22/2021
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Has BHP Billiton (BBL) Outpaced Other Basic Materials Stocks This Year?
- Is (BBL) Outperforming Other Basic Materials Stocks This Year?
- 04/21/2021
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BHP sees iron ore output at upper end of guidance, cuts coal target due to bad weather
- BHP Group PLC (LON:BHP, ASX:BHP) said total iron ore production grew 4% to 188 million tonnes (Mt) in the nine months to end March 2021, helped by record output at Western Australia Iron Ore (WAIO) and expects volumes for the year to come in at the upper half of the 244 Mt to 253 Mt guidance range. The world's largest listed mining company said WAIO production rose 3% to a record 187 Mt for the nine months due to the highest ever output at Jimblebar and a strong performance across the supply chain, even as bad weather hampered operations in December 2020 and the first two months of this year.
- 04/21/2021
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BHP Group PLC upbeat on iron ore output, but cuts full-year targets for coal on bad weather
- BHP Group PLC (LON:BHP, ASX:BHP) said total iron ore production grew 4% to 188 million tonnes (Mt) in the nine months to end March 2021, helped by record output at Western Australia Iron Ore (WAIO), and expects volumes for the year to come in at the upper half of the guidance range of between 244 and 253 Mt. WAIO production rose 3% to a record 187 Mt for the nine months on the highest ever output at Jimblebar and a strong performance across the supply chain even as bad weather hampered operations in December 2020 and the first two months of this year.
- 04/21/2021
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BHP ups copper guidance
- (Kitco News) - Total copper production decreased by six per cent to 1,233 kt compared to the same six months a year prior. The miner said COVID-19 hampered production.
- 04/20/2021
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Mining giant BHP reports copper output down, iron ore up - nine months to March 2021 review
- (Kitco News) - BHP's total copper production for the nine months ended March 31, 2021, decreased by six per cent to 1,233 kt.
- 04/20/2021
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Netflix and churn, Primark's reopening and copper mining in focus on Tuesday
- Updates from Primark owner Associated British Foods PLC (LON:ABF) and FTSE 100 miners Rio Tinto and BHP are in the diary for Tuesday, along with the latest UK unemployment numbers. Across the Atlantic, the US earnings season will see FAANG star Netflix broadcast its numbers after the Wall Street close (see more below), following the likes of Harley Davidson, Johnson & Johnson, Procter & Gamble, Lockheed Martin and Philip Morris International which all report before the opening bell.
- 04/19/2021
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3 Copper Stocks The Bears Are About To Hit
- The inflation trade is crowded. That's Wall Street talk meaning that if everyone has the same idea, it can't be a good one.
- 04/16/2021
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4 Stocks to Watch as Copper Trends Above $4 Per Pound
- Stocks like BHP, SCCO, RIO and FCX are poised well to capitalize on the rising copper demand stemming from the electrical vehicle market and improving industrial activity.
- 04/15/2021
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Copper Price Forecast 2025: 5 Reasons Why One Report Predicts the Metal Will Hit $15K
- One copper price forecast claims that the precious metal could see a spike in value as the switch to renewable energy increases demand. The post Copper Price Forecast 2025: 5 Reasons Why One Report Predicts the Metal Will Hit $15K appeared first on InvestorPlace.
- 04/14/2021
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Mining giant BHP's Udd speaks about the bull run in copper
- (Kitco News) - BHP president of minerals for the Americas, Ragnar Udd has laid out why he is so bullish on the copper industry at the moment.
- 04/14/2021
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Base and Industrial Metals Will Keep Rising Thanks to China and Biden
- Industrial metals have pulled back from recent highs, but they believe the backdrop remains positive. They also expect a free cash flow.
- 04/13/2021
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Top-Rated Stocks: BHP Billiton Composite Rating Climbs To Near-Best 96
- BHP Billiton saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 94 to 96. The post Top-Rated Stocks: BHP Billiton Composite Rating Climbs To Near-Best 96 appeared first on Investor's Business Daily.
- 04/13/2021
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Castillo Copper's review of BHP and MIM historical data review points to compelling case for Arya Prospect
- Castillo Copper Ltd (ASX:CCZ) (LON:CCZ) (FRA:7OR) is gearing up to resume drilling at Mt Oxide Project in the Mt Isa Copper Belt of northwest Queensland off the back of a review of historical data that enhances the exploration potential of Arya prospect. The historical reports include several commissioned by BHP Group Ltd (ASX:BHP) and Mt Isa Mines (MIM), with a 1997 BHP annual tenement report identifying 11 GEOTEM anomalies worthy of attention.
- 04/12/2021
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BHP, Vale Samarco JV files for Brazil bankruptcy protection
- Samarco Mineracao SA, a joint venture between Brazilian miner Vale SA and BHP Group Ltd, has filed for bankruptcy protection to prevent creditors' claims from affecting its operations, Vale said in a Friday securities filing.
- 04/09/2021
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Is BHP Group Limited Sponsored (BHP) Outperforming Other Basic Materials Stocks This Year?
- Is (BHP) Outperforming Other Basic Materials Stocks This Year?
- 04/08/2021
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Upbeat US Data, Supply Concerns Prop Copper: 5 Stocks to Gain
- As copper prices gain on pickup in manufacturing and supply concerns as Chile shut downs its borders, stocks like BHP, RIO, SCCO, FCX and KZMYY are poised well to ride the momentum.
- 04/06/2021
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Global X Lithium & Battery Tech ETF LIT: The Dip Is A Buying Opportunity
- Global X Lithium & Battery Tech ETF LIT: The Dip Is A Buying Opportunity
- 04/01/2021
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BlackBerry, Lam Research, Shopify, Square, Zoom and More Wednesday Afternoon Analyst Calls
- With the trading day about halfway over, the broad markets largely were pushing higher, except for the Dow Jones industrial average.
- 03/31/2021
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7 High-Yield Dividend Stocks With Enough Earnings to Cover the Dividends
- These 7 high-yield dividend stocks have yields above 5% and their payout ratios broadly look strong enough to support those dividends. The post 7 High-Yield Dividend Stocks With Enough Earnings to Cover the Dividends appeared first on InvestorPlace.
- 03/29/2021
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Cobalt Miners News For The Month Of March 2021
- Cobalt spot prices were higher again for the month and LME cobalt inventory was lower. Cobalt hydroxide prices up 65.5% YTD. Cobalt market news - Cobalt demand from NCM batteries used in EVs will likely increase a whopping 37x from 2019 to 2040.
- 03/24/2021
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Bull of the Day: BHP Billiton (BBL)
- Bull of the Day: BHP Billiton (BBL)
- 03/24/2021
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BHP Gets A Fresh Incentive To Quit Coal; Soaring Prices For The Fuel
- Rising coal prices could trigger BHP Group's planned exit from the unpopular business.
- 03/23/2021
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Top Ranked Income Stocks to Buy for March 23rd
- Top Ranked Income Stocks to Buy for March 23rd
- 03/23/2021
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5 Stocks to Keep an Eye on as Copper Prices Improve
- As strong demand and supply concerns continue to fuel copper prices, we suggest stocks like BHP, RIO, SCCO, FCX and KZMYY to ride the momentum.
- 03/18/2021
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7 High-Yield Stocks for Your Retirement Nest Egg
- High-dividend names are some of the best retirement stocks and can be a good way to achieve strong long-term growth for your portfolio. The post 7 High-Yield Stocks for Your Retirement Nest Egg appeared first on InvestorPlace.
- 03/15/2021
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Proactive weekly mining highlights: BHP, Greatland Gold, AfriTin MIning.
- BHP Group PLC (LON:BHP, ASX:BHP) is unlikely to make any major acquisitions in the near term due to higher commodity prices, chief executive Mike Henry told an investor briefing. Greatland Gold PLC (LON:GGP) said further infill drilling results were "outstanding" at its Havieron project in Australia.
- 03/13/2021
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Shell names former BHP boss Mackenzie as chairman
- Royal Dutch Shell on Thursday announced Andrew Mackenzie, a former BHP CEO and BP veteran, as its next chairman who will help lead the energy company through a major shift away from oil and gas to low-carbon energy.
- 03/11/2021
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BHP Group says unlikely to make major acquisitions in near term due to high commodity prices
- BHP Group PLC (LON:BHP, ASX:BHP) is unlikely to make any major acquisitions in the near term due to higher commodity prices, chief executive Mike Henry told an investor briefing. “Given what we have seen over the past six-nine months in terms of asset values in commodities like copper for example, it's unlikely that we will see acquisition in the near term because any acquisition has to be for the right assets at the right value,” Henry said, according to Reuters.
- 03/11/2021
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BHP Group PLC (BHP) Presents at Shareholder Q&A Session with CEO and CFO Call - (Transcript)
- BHP Group PLC (BHP) Presents at Shareholder Q&A Session with CEO and CFO Call - (Transcript)
- 03/11/2021
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A Trio of Strong Performers to Consider
- Shareholders of The Walt Disney Co (NYSE:DIS), BHP Group Ltd (NYSE:BHP) and Union Pacific Corp (NYSE:UNP) have seen the value of their positions increase significantly in recent years, outperforming the S&P 500 Index. The share price of the benchmark index for the U.S. market ($3,875.44 as of March 9) has gained 37% over the past year, 41% over the past three years and 92% over the past five years through March 9.
- 03/10/2021
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BHP and fellow big cap miners remain under pressure due to lower commodity prices
- BHP PLC (LON:BHP), Antofagasta PLC (LON:ANTO) and Rio Tinto (LON:RIO) were all down 2% to 2,149p, 1,701.5p and 5,688p respectively on Wednesday before close. Miners have been under pressure due to the lower copper price, which recently dipped below US$4 per pound, while softer iron ore prices are also a drag.
- 03/10/2021
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CEO of commodities giant BHP: Global economic outlook 'stronger than we were expecting'
- Mike Henry, who leads one of the world's largest metals producers, talks with CNBC's David Faber about the economy, the Covid pandemic and climate change.
- 03/04/2021
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Nickel Monthly News For The Month Of February 2021
- Nickel spot prices were significantly higher again in February, and the LME inventory was slightly higher than last month.
- 03/01/2021
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Bet on these stocks to outperform as bond yields surge, top investor says
- A surging bond market triggered a stock sell-off on Wall Street this week, but these names could outperform in this environment.
- 02/26/2021
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BHP (BHP) Upgraded to Strong Buy: Here's Why
- BHP (BHP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- 02/25/2021
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BHP Group's (BHP) Shares March Higher, Can It Continue?
- As of late, it has definitely been a great time to be an investor in BHP Group (BHP).
- 02/24/2021
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Cobalt Miners News For The Month Of February 2021
- Cobalt Miners News For The Month Of February 2021
- 02/23/2021
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Maximus Resources has drill spinning at priority Wattle Dam East nickel target in Western Australia
- Maximus Resources Limited (ASX:MXR) (FRA:M5F) has begun drilling at the highly prospective Wattle Dam East nickel target within its Spargoville tenements, 25 kilometres from BHP Group Ltd's (ASX:BHP) (NYSE:BHP) Kambalda Nickel Concentrator. A large conductor in the order of 6000-8000 Siemens has been modelled from 150 metres below surface and dipping moderately to the west.
- 02/22/2021
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Proactive's weekly mining round-up: Rio Tinto, Pan African Resources, Greatland Gold.
- Rio Tinto PLC (LON:RIO) rose on Wednesday after hiking its total dividend 26% to 557 cents per share as it added a special payout of 93 cents to the full-year dividend of 464 cents. The total payout, amounting to US$9bn, represents 72% of underlying earnings.
- 02/20/2021
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Digging Into The Mining Industry: BHP Is An Industry Winner With Great Prospects
- BHP is an industry winner with a very strong position within copper and iron ore mining.
- 02/19/2021
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BHP posts profit jump of 16%: CEO discusses demand in China, nickel sulfate, and the future of coal
- Yahoo Finance's Adam Shapiro and Seana Smith spoke with BHP CEO Mike Henry about the outlook for the company's growth, demand in China, and the future of coal. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
- 02/17/2021
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BHP Group (BHP) Earnings Up Y/Y in First Half of Fiscal 2021
- BHP Group's (BHP) earnings in the first half of fiscal 2021 gain on higher prices and a stellar production performance. Favorable commodity prices and demand are likely to buoy fiscal 2021 performance.
- 02/16/2021
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BHP raises dividend 55% as buoyant iron and copper production swell coffers
- BHP PLC (LON:BHP) increased its interim dividend by 55% as its iron ore operations in Western Australia and Escondida copper mine hit record production levels. Revenues in the half-year to end December rose 15% to US$25.6bn, helped by higher metal prices, the increased iron production and record throughput at Escondida.
- 02/16/2021
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BHP raises dividend by 55% as buoyant iron and copper production swell coffers
- BHP PLC (LON:BHP) increased its interim dividend by 55% as its iron ore operations in Western Australia and Escondida copper mine hit record production levels. Revenues in the half-year to end December rose by 15% to US$25.6bn, helped by higher metal prices, the increased iron production and record throughput at Escondida.
- 02/16/2021
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BHP to unveil best interims since 2014, as Glencore introduces new boss
- On Tuesday, BHP Group PLC (LON:BHP) and Glencore PLC (LON:GLEN) will kick off earnings season for the big miners. BHP, which recently upped its production guidance, is expected to report its biggest half-year profits since 2014.
- 02/16/2021
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BHP Profit Swells on Surging Iron Ore Prices
- Feb.15 -- BHP Group reported a 16% rise in its first-half profit as record production from its iron ore operations in Western Australia helped it cash in on sharp price gains. Paul Allen reports on "Bloomberg Daybreak: Australia.
- 02/15/2021
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BHP sees strong China demand, declares dividend bonanza
- BHP Group on Tuesday reported its best first-half profit in seven years and declared a record interim dividend, as top metals user China's strong appetite for iron ore to support its infrastructure push kept prices elevated.
- 02/15/2021
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BHP Group says its profit came in 16% higher in the fiscal first half
- BHP Group plc (LON: BHP) said on Monday that its profit in the fiscal first half came in 16% higher than last year. The company attributed its hawkish performance to record production from its Western Australia-based iron ore operations.
- 02/15/2021
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Has BHP Group Limited Sponsored (BHP) Outpaced Other Basic Materials Stocks This Year?
- Is (BHP) Outperforming Other Basic Materials Stocks This Year?
- 02/15/2021
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BHP expected to unveil half-year profits since 2014, as Glencore introduces new boss
- On Tuesday, BHP Group PLC (LON:BHP) and Glencore PLC (LON:GLEN) will kick off earnings season for the big miners. BHP, which recently upped its production guidance, is expected to report its biggest half-year profits since 2014.
- 02/15/2021
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The Battery Revolution - Winners And Losers, Part I
- Electricity generated, captured, stored and harnessed as electric energy is merely a secondary source of energy. This essential energy can only be generated from primary sources. These sources include coal, oil, natural gas, nuclear, hydroelectric, solar, wind, geothermal and so on.
- 02/08/2021
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BBL vs. BHP: Which Stock Is the Better Value Option?
- BBL vs. BHP: Which Stock Is the Better Value Option?
- 02/01/2021
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BHP (BHP) Is Up 1.67% in One Week: What You Should Know
- Does BHP (BHP) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 02/01/2021
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Nickel Monthly News For The Month Of January 2021
- Nickel Monthly News For The Month Of January 2021
- 01/31/2021
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Is BHP Group (BHP) Stock Outpacing Its Basic Materials Peers This Year?
- Is (BHP) Outperforming Other Basic Materials Stocks This Year?
- 01/28/2021
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3 Copper Stocks to Watch Amid Rising Optimism on Global Recovery
- The copper industry seems poised to do well in the future amid rising optimism on global recovery, making it a good time to watch out for names like Southern Copper (SCCO) and Freeport-McMoRan (FCX)
- 01/19/2021
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BBL vs. BHP: Which Stock Is the Better Value Option?
- BBL vs. BHP: Which Stock Is the Better Value Option?
- 01/14/2021
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Is BHP Group (BHP) Outperforming Other Basic Materials Stocks This Year?
- Is (BHP) Outperforming Other Basic Materials Stocks This Year?
- 01/12/2021
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BHP (BHP) is a Great Momentum Stock: Should You Buy?
- Does BHP (BHP) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 01/06/2021
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5 NYSE Mining Stocks Hitting New 52-Week Highs
- With the precious metals starting the New Year upward, it's not surprising to see mining stocks joining in the fun.
- 01/05/2021
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5 Stocks to Watch Out For as Copper Starts 2021 on a Strong Note
- With copper prices are gaining on strong demand, we suggest stocks like BHP Group (BHP) Rio Tinto (RIO), Southern Copper (SCCO), Freeport-McMoRan (FCX) and Kaz Minerals (KZMYY) to ride on the momentum.
- 01/05/2021
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Nickel Monthly News For The Month Of December 2020
- Nickel spot prices were higher again in December, and the LME inventory was slightly higher than last month. Nickel market news - Green trend stirs copper and nickel markets as supply tightens. Nickel outlook 2021: Strong demand recovery ahead but supply to increase.
- 12/31/2020
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Is BHP Group (BBL) a Profitable Stock for Value Investors?
- Let's see if BHP Group (BBL) stock is a good choice for value-oriented investors right now from multiple angles.
- 12/28/2020
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Is BHP Group (BHP) Outperforming Other Basic Materials Stocks This Year?
- Is (BHP) Outperforming Other Basic Materials Stocks This Year?
- 12/24/2020
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Cobalt Miners News For The Month Of December 2020
- Cobalt spot prices were unchanged for the month and LME cobalt inventory was also unchanged. Cobalt market news - BMI forecasts growth in the battery sector will drive cobalt demand, outweighing falling cobalt intensities in individual cells. Roskill-Cobalt demand set to roughly double by 2030.
- 12/24/2020
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5 Copper Stocks With Plenty of Prospects in 2021 and Beyond
- With copper gaining on strong demand in China, BHP Group (BHP), Southern Copper (SCCO), Freeport-McMoRan (FCX), Kaz Minerals (KZMYY) and Coeur Mining (CDE) are poised well to perform well.
- 12/23/2020
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Top Ranked Momentum Stocks to Buy for December 22nd
- Top Ranked Momentum Stocks to Buy for December 22nd
- 12/22/2020
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4 Mining Stocks to Keep an Eye on as Iron Ore Prices Surge
- With iron ore prices set to finish the year on a strong note on China-led demand, it will be prudent to keep an eye on BHP Group (BHP), Rio Tinto (RIO), Vale (VALE) and Fortescue Metals (FSUGY).
- 12/18/2020
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BHP Group's (BHP) Shares March Higher, Can It Continue?
- As of late, it has definitely been a great time to be an investor in BHP Group (BHP).
- 12/18/2020
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BHP (BHP) Upgraded to Strong Buy: Here's Why
- BHP (BHP) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 12/17/2020
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Update On BHP - The Commodity Giant That Still Has Lots Of Upside Potential
- BHP is an Australian mining giant. The reasons for higher raw material prices, again.
- 12/11/2020
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First Graphene (ASX: FGR) Is on the Cusp of Innovation That's Second to None
- First Graphene (ASX: FGR) Is on the Cusp of Innovation That's Second to None
- 12/02/2020
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Nickel Monthly News For The Month Of November 2020
- Nickel spot prices were slightly higher in November, and the LME inventory was slightly higher than last month. Nickel market news - Wood Mackenzie forecasts nickel demand to increase by 2/3rds by 2040. New US trade group ZETA calls for emissions caps, total EV adoption by 2030.
- 12/01/2020
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My Top 2 Battery Metal Miners For Lithium, Cobalt, Nickel; 1 For Graphite And Manganese
- Two recent events have boosted the battery metal miners - Rapidly improving EV sales especially in Europe and China; plus Tesla's Battery Day enormous forecasts for future battery production. A battery metals miner's super-cycle looks set to begin soon.
- 11/15/2020
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10 Best Dividend Stocks To Buy According To Billionaire Ken Fisher
- In this article we present the list of 10 Best Dividend Stocks To Buy According To Billionaire Ken Fisher. Click to skip ahead and see the 5 Best Dividend Stocks To Buy According To Billionaire Ken Fisher.
- 11/14/2020
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Nickel Monthly News For The Month Of October 2020
- Nickel spot prices were higher in October, and the LME inventory was slightly higher than last month. Nickel hits 11-month high on expectations of robust demand. Nickel market news - Tesla in talks with Vale, BHP, and the Indonesian Govt. to secure nickel. Biden campaign tells miners it supports domestic production of EV metals.
- 10/30/2020
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Nickel Monthly News For The Month Of August 2020
- Nickel spot prices were higher again in August, and the LME inventory was slightly higher than last month.
- 08/29/2020
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Cobalt Miners News For The Month Of August 2020
- Cobalt spot prices rose strongly for the month and LME cobalt inventory was lower. African supply bottlenecks fuel cobalt price surge.
- 08/24/2020
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Can 'Floating Rate Investments' And Commodities Protect Against Inflation?
- Inflation is a matter of when – not if. While TIPS and broad market stocks do provide some inflation protection, they are not the best.
- 08/21/2020
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Extractive Industries: The Green British Road To Perdition
- Shell lost some focus on oil chasing a less profitable green business - BP plans to do the same on a bigger scale.
- 08/21/2020
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BHP Group Ltd (BHP) Q2 2020 Earnings Call Transcript
- Thank you for joining Peter Beaven and me. Today, we are going to talk with you about three things that build upon the operational excellence and portfolio of the future agenda that I spoke with you about in February. Firstly, a very strong set of operational and financial results for the year past, which aligns to the resolve I spoke about for BHP to further improve performance and to be unquestionably the industry's best operator in order to drive value and returns, underpinned of course by our commitment to social value.
- 08/19/2020
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BHP falls short of expected profit, warns of slowing growth outside China
- BHP Group on Tuesday said it expects most major world economies except China to bear the brunt of a coronavirus-led downturn this year, reporting a 4% drop in annual profit that missed analysts' estimates. The warning came as BHP reported underlying profit attributable from continuing operations for the year ended June 30 that fell to $9.06 billion - below estimates of $9.42 billion, according to Refinitiv IBES data. "With the exception of China, the world's major economies will contract during the 2020 calendar year as a result of the COVID-19 pandemic," Chief Executive Mike Henry said in a statement.
- 08/18/2020
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BHP Group's (BHP) FY20 Earnings and Revenues Decline Y/Y
- BHP Group (BHP) reports a 4% drop in attributable profit from continuing operations owing to lower prices and volumes.
- 08/18/2020
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Top Ranked Income Stocks to Buy for August 18th
- Top Ranked Income Stocks to Buy for August 18th
- 08/18/2020
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Golden Minerals (AUMN) Catches Eye: Stock Jumps 8.4%
- Golden Minerals (AUMN) saw a big move last session, as its shares jumped more than 8% on the day, amid huge volumes.
- 08/18/2020
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Baltic index dips on lower capesize, panamax rates
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European stocks steady amid recovery concerns with virus cases on the rise
- European stocks traded steady on Tuesday on a quiet summer day, as investors weigh up evidence on how fast the recovery is progressing.
- 08/18/2020
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GLOBAL MARKETS-Equities stall on widening U.S.-China rift; dollar slides
- European shares slipped on Tuesday as simmering political tensions between the United States and China escalated, while concerns over a deadlock on further U.S. fiscal stimulus drove the dollar towards a two-year low against its rivals. A weaker opening for the region's blue-chip euro STOXX 50 weighed on Asian stocks with MSCI's broadest index of Asia-Pacific shares outside Japan giving up early gains to trade flat. Underpinning much of the equity market weakness was a fresh instalment of the escalating spat between the United States and China, with President Trump announcing further restrictions overnight on tech giant Huawei Technologies Co.
- 08/18/2020
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South Africa Stocks Whipsaw as Gold Miners Counter Ore Producers
- (Bloomberg) -- South Africa’s main stock index is little changed as of 10:01 a.m. in Johannesburg after gaining and falling as much as 0.3%. Strength among gold producers on renewed haven demand counters weakness among diversified miners. Declines in market heavyweights Sasol Ltd., Naspers Ltd., and Richemont offset advancing banks and retailers.Investors’ appetite for risk is being tested amid concern over virus-related economic threats, as well as stalled U.S. stimulus talks, and as mounting tension between Washington and Beijing weighs on sentiment. Luxury retailer Richemont falls 0.6%. Sasol retreats 1.8%, dropping for a third day. The company on Monday reported an annual loss after $6.5 billion in asset writedowns.NOTE: Sasol’s Loss, Last-Ditch Funding Effort Drive Shares LowerIndex of mining compoanies retreats 0.4%, as BHP Group Plc leads diversified miners lower, countering gains from gold producers.BHP falls 2.4%, biggest decline in almost a month, after the company said iron ore prices will ease from current levels.NOTE: BHP Sees Iron Ore Swings as Brazil Takes Years to Normalize NOTE: BHP’s Greener Future Doesn’t Mean Quitting Fossil Fuels YetAnglo American Plc -0.7%, Anglo American Platinum Ltd. -0.3%, Glencore Plc -0.8%, African Rainbow Minerals Ltd. -0.9%.Sub-index for gold producers rises for a second day, up 2.9% to a one-week high as bullion prices soar, with investors weighing simmering tensions between the U.S. and China, which fanned demand for haven assets, and the upcoming release of Federal Reserve minutes.NOTE: Gold Advances as Investors Weigh Geopolitics, FedGold Fields Ltd. +3.7%, AngloGold Ashanti Ltd. +1.7%, Harmony Gold Mining Co. +3.6%, DRDGold Ltd. +3.7%, Pan African Resources Plc +2.6%Index of bank stocks halt a two-day slide, rises 0.7% as a weakening dollar drives the rand higher.“The dollar remains under pressure as China and U.S. tensions mount and an impasse over the stimulus package in the U.S. weighed on investor sentiment,” Matete Thulare, a Johannesburg-based analyst at Rand Merchant Bank, said in a note to clients.Standard Bank Group Ltd. +0.6%, FirstRand Ltd. +0.5%, Capitec Bank Ltd. +1.7%, Investec Plc +1.2%, Absa Group Ltd +0.4%, Nedbank +0.4%.Food and drug retailers rise 1.1%, while general retailers advance 0.5%Shoprite Holdings Ltd. +2.9%, Spar Group Ltd +1.4%, Pick n Pay Stores Ltd. +2.1, Clicks Group Ltd. +0.2%, Dis-Chem Pharmacies Ltd. +0.6%Mr Price Group Ltd. +3.1%, Woolworths Holdings Ltd. +0.4%, Truworths +0.3%, Lewis Group Ltd. +3%Foreigners were net sellers of South African stocks Monday, disposing of 359m rand worth of shares, according to data compiled by exchange operator, JSE Ltd., in a sixth consecutive day of outflows.NEWS:Gold Miners Jump With Berkshire Sending Barrick to 2013 High (2)Most South Africans Use Debt to Survive to Payday, Survey FindFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/18/2020
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European stocks lower on recovery concerns with virus cases on the rise
- European stocks traded lower on Tuesday on a quiet summer day, as investors weigh up evidence on how fast the recovery is progressing.
- 08/18/2020
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European shares fall as U.S.-China tensions, virus cases rise
- European shares fell on Tuesday as investors worried about escalating U.S.-China tensions and a resurgence in regional coronavirus cases, knocking shares of growth-sensitive cyclical sectors lower. The pan-European STOXX 600 index fell 0.5% by 0713 GMT, with banks, energy firms, insurers and automakers falling between 0.8% and 0.9%. Asian stocks made cautious gains after the Trump administration said it will tighten curbs on China's Huawei Technologies Co, to crack down on its access to commercially available chips, while ratcheting up tensions with Beijing.
- 08/18/2020
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BHP Posts 4% Decline in Annual Profit Amid COVID-19 Slowdown; Warns Slow Growth Recovery Outside China
- BHP Group, an Anglo-Australian multinational mining, metals and petroleum dual-listed public company, reported a decline in annual profit of nearly 4% to $9.06 billion in the second quarter and said except China, all other major economies will contract this year as a result of the COVID-19 pandemic.
- 08/18/2020
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BHP narrowly misses expected profit, warns of slowing growth outside China
- BHP Group on Tuesday said it expects most major world economies except China to bear the brunt of a coronavirus-led downturn this year, reporting a more than 4% drop in annual profit that missed analysts' estimates. The warning came as BHP reported underlying profit attributable from continuing operations for the year ended June 30 fell to $9.06 billion - below estimates of $9.42 billion, according to Refinitiv IBES data. "With the exception of China, the world's major economies will contract during the 2020 calendar year as a result of the COVID-19 pandemic," Chief Executive Officer Mike Henry said in a statement.
- 08/18/2020
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The World’s Top Miner Broadens Plans to Exit Coal Operations
- (Bloomberg) -- BHP Group will broaden plans to exit coal operations and review opportunities to shed aging oil and gas assets under new CEO Mike Henry’s more urgent push to reshape the world’s top miner’s portfolio for a low-emissions future.The producer aims to sell, or spinoff, its 80% share in the BHP Mitsui Coal joint venture, which owns two coking coal operations in Australia, along with exiting thermal coal mines and some oil and gas operations, the company said Tuesday when reporting annual profits held steady at $9.1 billion, boosted by higher iron ore prices.Henry, installed as chief executive officer in January, is focusing BHP on supplying higher-quality iron ore and coking coal to capture China’s shift to prioritize premium raw materials for its steel sector. At the same time, he’s laying the ground for a longer-term transition to favor growth in copper and nickel to meet expected rising demand from renewable energy and the electrification of transport.“The world is rapidly changing with decarbonization of energy sources, population growth and the drive for higher living standards in the developing world,” the company said. “It will require us to continue to be active portfolio managers.”BHP has been considering plans to offload its Australian thermal coal mine and one-third stake in the Cerrejon operation in Colombia for more than a year and has rejected some early offers, people familiar with the matter said last month. A process to exit those mines, and the coking coal venture with Mitsui & Co., will now advance options for trade sales, or a demerger into a separate listed entity.Read more: BHP Is Said to Rebuff Early Bids Under Plan to Quit Thermal CoalThe company confirmed it will also plan to sell its 50% stake in the Bass Strait oil and gas joint venture with Exxon Mobil Corp. in southeastern Australia. Exxon said in September it also plans to exit. “We will seek to divest oil and gas assets that are mature or which are likely to realize greater value under different ownership,” Henry said.A decision on adding potash production through the initial development of the Jansen project in Canada has been delayed until mid-2021, BHP said. The project, which may cost as much as $5.7 billion, could benefit from improving supply and demand dynamics from the late 2020s or early 2030s, the company said.To support plans to reshape BHP’s portfolio, Henry promoted Johan van Jaarsveld as Chief Development Officer. In other appointments, Laura Tyler was moved into a new role as Chief Technical Officer and Ragnar Udd will become President, Minerals Americas.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/18/2020
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BHP to put its Australian Bass Strait oil and gas assets up for sale
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BHP full-year profit falls 4% on pandemic hit
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BHP Group (BHP) CEO Mike Henry on Q4 2020 Results - Earnings Call Transcript
- BHP Group (NYSE:BHP) Q4 2020 Earnings Conference Call August 17, 2020 06:30 PM ET Company Participants Mike Henry - Chief Executive Officer Peter Beaven - Chief Financial Officer Conference Call Participants Presentation Mike Henry Thank you for joining Peter Beaven and me.
- 08/17/2020
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BHP Group 2020 Q4 - Results - Earnings Call Presentation
- The following slide deck was published by BHP Group in conjunction with their 2020 Q4 earnings call.
- 08/17/2020
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A Sharp Market Selloff Looms Amidst A Historic Capital Rotation
- Investor enthusiasm has become ebullient in the broader stock market and the bond market. Absolute valuations and relative valuations are trading at extreme levels.
- 08/17/2020
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Is BHP Group (BHP) Stock Outpacing Its Basic Materials Peers This Year?
- Is (BHP) Outperforming Other Basic Materials Stocks This Year?
- 08/13/2020
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Shareholders seek BHP moratorium on Australian cultural site damage
- The BHP Group mining company must commit to not damaging Aboriginal cultural sites as its expands its operations while a review of Australian heritage law is carried out, a shareholder group said in a resolution filed on Thursday. The proposal comes before BHP's financial results, due out next week, and after a government enquiry into how peer Rio Tinto legally destroyed ancient caves that showed human habitation stretching back 46,000 years, as part of an iron ore mine expansion. The moratorium on damaging sacred sites would cut risk while the reform of the law is considered, the shareholder group, the Australasian Centre for Corporate Responsibility (ACCR), said in a statement.
- 08/13/2020
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Top Ranked Income Stocks to Buy for August 12th
- Top Ranked Income Stocks to Buy for August 12th
- 08/12/2020
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Did Hedge Funds Make The Right Call On BHP Group (BHP) ?
- The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
- 08/10/2020
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BHP to pay $840 mln for early end to thermoelectric contract in Chile
- Chilean copper mines Escondida and Spence, controlled by BHP, will jointly pay $840 million for an early end to a contract signed in 2008 with a coal-fired thermoelectric plant in the north of the country. BHP, like other mining companies in Chile, has been migrating its energy contracts to renewable sources to reduce its carbon footprint. In a letter to the local securities regulator on Friday night, power company AES Gener - a unit of AES Corp - said that the end of the agreement signed with its Angamos plant was modified to August 2021.
- 08/08/2020
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BBL vs. BHP: Which Stock Is the Better Value Option?
- BBL vs. BHP: Which Stock Is the Better Value Option?
- 08/07/2020
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Miners need more engineers to meet new tailings dam safety standard
- Mining companies need more skilled engineers if they are to meet strict new global safety standards for tailings dams aimed at preventing catastrophic failures like those in recent years that have killed hundreds of people and inundated nearby communities with mine waste. Experts said miners had not placed as much importance on tailings management, with little prestige attached to the unglamorous work of trekking to remote mine waste dams where engineers analyze the consistency of the slurry and verify the integrity of the structure. In Brazil, more than 250 people died in 2019 when the Vale SA's Brumadinho upstream tailings dam collapsed, flooding the nearby community with mine waste.
- 08/05/2020
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Top Copper Nation Gets Tough on Water With BHP in Crosshairs
- (Bloomberg) -- Authorities in Chile are cracking down on water use by mines in the driest desert on earth, threatening future supply in the top copper-producing nation.On Friday, Chile’s environmental agency SMA charged BHP Group’s Escondida for allegedly drawing more water than allowed for almost 15 years in a move that could result in the loss of its permit, closure or a fine. Just to the south, state-owned Codelco has suspended a planned expansion of its Salvador mine until it can resolve a suit filed by the State Defense Council against the project’s proposed use of water.Mines that dot the parched Atacama desert are coming under increasing scrutiny for their use of water, with lithium giant Soc. Quimica & Minera de Chile SA facing a Supreme Court ruling after community complaints. Even in central Chile, scare water supplies have restricted output at Anglo American Plc’s Los Bronces mine and Codelco’s El Teniente.At Escondida, the regulator accuses the world’s biggest copper mine of a serious decline in the water table, alleging the operation failed to lower extraction at four control points since 2005 and reached triple the acceptable threshold in 2019. BHP has 10 days to present a compliance program in response to the charge.Escondida rejected the allegations, saying in an emailed statement that it ceased extraction from aquifers at the end of 2019 and now runs exclusively with desalinated water.“Escondida has never exceeded the restriction of 25 centimeters established as maximum acceptable decrease of the aquifer level in the monitoring area of the wetlands of Tilopozo,” it said.The suit against Salvador’s expansion threatens future supply given the project is needed to replenish falling ore grades at Codelco’s smallest and least profitable operation.(Updates with comment from Escondida)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/02/2020
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Chilean environmental watchdog announces "serious" charge against BHP's Escondida
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Australian miners Rio Tinto and Fortescue post record iron ore shipments as China industrial recovery continues
- Australian mining giants Rio Tinto and Fortescue Metals Group have joined BHP Group in reporting record shipments of iron ore, the bulk of it to China, as an infrastructure and property construction boom in the world's second largest economy drives a rebound in steel production.The companies have reported record earnings on the back of the iron ore shipments, even though exports of other minerals like aluminium and copper remain in the doldrums as the coronavirus pandemic saps global demand.Australia's record iron ore exports to China, combined with a surge in shipments of coking and thermal coal, indicate trade in the key industrial ingredients has not suffered because of a diplomatic spat between the two countries.Rio Tinto reported on Thursday its iron ore shipments to China in the first half of the year rose 3 per cent compared to the same period a year-earlier.This pushed earnings up 2 per cent and allowed the Anglo-Australian miner to promise a US$2.5 billion dividend payout for shareholders.Announcing its fourth quarter fiscal results, Fortescue projected that iron ore shipments to China would rise 6 per cent to 178 million tonnes for the full financial year ended in June, exceeding its target of 177 million tonnes. Full-year results will be announced in a few weeks.The miner said exports were buoyed by strong Chinese steel production of 499 million tonnes in the first six months of the year, 1.4 per cent higher than the same period last year.Rio Tinto chief executive Jean-Sebastien Jacques said China had effectively absorbed the additional iron ore diverted from weaker steel markets in Europe and Asia."The main market for our high-quality iron ore is China, which compared to the broader global economy has recovered exceedingly well," Jacques said while announcing company results on Wednesday."China's steel production and demand for iron ore in 2019 was strong and this has continued despite disruptions in the first quarter."In 2020, [China's] crude steel production has again exceeded the 1 billion tonne annualised run rate and June production was a new all-time high record."Steel markets in Europe, the United States, Japan, South Korea and Taiwan were still weak, Rio Tinto said.BHP also said last week it had met production targets for iron ore, thanks to China's economic recovery."In China, blast furnace utilisation rates have increased from around 80 per cent earlier in February 2020 to above 90 per cent in June 2020," BHP said in its financial year review."We continue to believe that if China can avoid a second wave of Covid-19, steel and pig iron production can both rise in the 2020 calendar year versus the prior year."Rio Tinto said Australia's contract-based iron ore shipments were strong, despite impacts from the coronavirus outbreak, allowing it to outperform other major miners such as Vale in Brazil, which has suffered from production restrictions and delays.But Vale, which has recently suffered setbacks including the Brumadinho dam collapse at its Corrego do Feijao mine, also saw profit recover in the second quarter thanks to higher iron ore prices. It said on Wednesday it would pay dividends that have been suspended since the dam accident last January.The continued demand for iron ore in China means Rio Tinto is committed to developing new iron ore projects at Simandou blocks 3 and 4 in Guinea, along with Chinese partner Chinalco Mining and the country's government.The diversified miner said it had drawn up plans to commission China-based design institutes to update and re-engineer the infrastructure of the project, which was approved in 2010."The Chinese are pretty active and they want to see a pathway to develop the two blocks," Jacques said.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2020 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2020. South China Morning Post Publishers Ltd. All rights reserved.
- 07/31/2020
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Nickel Monthly News For The Month Of July 2020
- Nickel spot prices were higher in July, and the LME inventory was about the same as last month. Nickel 'battery' demand forecast to increase by 14x from 2019 to 2030.
- 07/30/2020
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Were Hedge Funds Right About Souring On BHP Group (BBL)?
- How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
- 07/27/2020
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Top Ranked Income Stocks to Buy for July 27th
- Top Ranked Income Stocks to Buy for July 27th
- 07/27/2020
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Brazil mayors say UK dam case vital in David-Goliath struggle with BHP
- A Brazilian mayor, part of a 200,000-strong group claim against miner BHP over a 2015 burst dam, has told an English court that suing the Anglo-Australian giant in Brazil would be like David fighting Goliath - without the biblical ending. Mario Antonio Coelho, mayor of Brazil's Barra Longa municipality, has told a jurisdictional hearing in Manchester that bringing the 5 billion pound ($6.3 billion) case in England over Brazil's worst environmental disaster is the only route to proper justice, court documents show. Duarte Junior, the mayor of Mariana, who has travelled to Manchester, northern England, with Rio Doce's mayor Silverio da Luz, urged BHP to listen to Brazilians.
- 07/27/2020
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Brazil tribes struggling to survive after dam burst to get day in court against BHP
- For the Krenak indigenous people who live along the Rio Doce in southeastern Brazil, the waterway was their community's lifeblood, a source of food and spiritual presence, where children were baptized and learned to swim. Five years later, the tribe says survival remains a struggle, despite living hundreds of kilometers downstream from the burst dam, and mourn a revered river they have long known as "Uatu": a sacred, omnipresent relative. "Uatu has died," Djanira Krenak, a 70-year-old Krenak matriarch and pajé, or spiritual leader, told Reuters in a video call -- her first, on a borrowed phone.
- 07/27/2020
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Cobalt Miners News For The Month Of July 2020
- Cobalt spot prices were little changed for the month and LME cobalt inventory was the same. Simon Moores [BMI] - By 2029 demand for cobalt will grow three times.
- 07/24/2020
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'Please mine more nickel,' Musk urges as Tesla boosts production
- Tesla Inc boss Elon Musk urged miners to produce more nickel, a key ingredient in the batteries that power the company's electric cars, warning the current cost of batteries remained a big hurdle to the company's growth. "Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way," Musk said on a post-earnings call on Wednesday. Nickel makes batteries energy dense so cars can run further on a single charge, and Tesla needs the metal more than ever as it looks to ramp up production of trucks and solar projects that use a lot of nickel.
- 07/23/2020
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BHP Faces Biggest U.K. Class Action Over Brazil Dam Collapse
- (Bloomberg) -- More than 200,000 Brazilians are asking British judges for the right to sue BHP Group, the world’s biggest mining company, in U.K. courts over the deadly collapse of a dam five years ago.Residents, businesses and local governments say BHP bears ultimate responsibility for the collapse of the Fundão Dam, which killed 19 people and caused lasting environmental damage. The facility was run by a company jointly owned by a BHP unit and Vale SA.At an eight-day hearing starting Wednesday in Manchester, U.K., judges will rule on whether British courts have jurisdiction over the case. If it goes ahead, it would be the biggest class action in U.K. history with the local groups seeking a total of 5 billion pounds ($6.33 billion).This is the latest in a series of group claims brought in the U.K. against British companies for the actions of their foreign units in developing countries. Melbourne-based BHP’s shares are listed in both the U.K. and Australia.In a landmark ruling last year, the U.K. Supreme Court allowed Zambian villagers to sue mining company Vedanta Resources Plc in Britiain over pollution caused by a mine, opening the door to similar claims. Last month, thousands of Nigerians sought permission to sue Royal Dutch Shell Plc in London over damage caused by oil spills in the Niger Delta.“Until there is a change in corporate behavior, I think this type of litigation is likely to increase,” said Tom Goodhead, a lawyer representing the plaintiffs at law firm PGMBM.But BHP said that the Manchester case duplicates legal proceedings in Brazil and shouldn’t be allowed to go ahead.“BHP’s overarching position remains that the proceedings do not belong in the U.K.,” BHP said in a statement.Safety warningsThe Fundão Dam was used to store iron ore tailings, a toxic waste produced during the processing of mined mineral. Its collapse destroyed entire villages, polluted rivers and devastated natural habitats.The joint venture, Samarco, allegedly ignored safety warnings as it increased iron ore production and tailings storage at the dam, PGMBM said in court filings ahead of the hearing. BHP representatives had been informed of serious structural failings in a report two years earlier, the claimants said.BHP said it is committed to supporting ongoing remediation and compensation through the Renova Foundation, an out-of-court compensation scheme, to which the company made a provision of $1.7 billion.The Renova Foundation had announced it was suspending payments to thousands of victims it alleged had provided false information, but a Brazilian judge ordered the Foundation to resume aid last week.Thousands of individual claims against Samarco are ongoing in Brazil.An appeal is currently pending against the dismissal of a class action filed in New York on behalf of Samarco bondholders, while a separate class action by BHP investors has been filed in Australia, according to company filings. Brazilian prosecutors are also continuing to challenge the dismissal of some criminal charges in the case, BHP said in a February statement.Other cases linked to large-scale environmental damage have taken decades to be processed in the Brazilian courts, and the claimants are hoping to obtain quicker results in the U.K. The current proceedings in the British courts don’t target Vale.Work to reopen the joint venture in Brazil has been slowed, in part because of measures to respond to Covid-19, BHP said in a separate statement this week.(Updated with additional information about the Renova Foundation in 12th paragraph and details of other legal proceedings in 14th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 07/22/2020
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BHP labels English lawsuit over Brazil dam failure pointless, wasteful
- Anglo-Australian miner BHP has dismissed as pointless and wasteful a 5 billion pound ($6.3 billion) English lawsuit by 200,000 Brazilian people and groups over the 2015 collapse of a dam that led to Brazil's worst environmental disaster. "These applications are ... brought because the attempt to export and duplicate the work being done in Brazil, including the litigation, to England, is pointless and wasteful," BHP said in legal documents. The hearing will establish whether the case can be tried in England, although the judge is expected to reserve judgment until around September.
- 07/22/2020
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Australia shares fall as record virus cases dent investor sentiment
- Australian shares closed lower on Wednesday, dragged down by the healthcare sector, as a record surge in COVID-19 cases in the country dented investor sentiment. Australia recorded 501 new coronavirus infections in the past 24 hours, its highest since the epidemic took hold in March, with Victoria state, of which Melbourne is the capital, accounting for almost 97% of the new cases. "The fact that metro Melbourne, which is about 5 million people, has already been in a lockdown for the last couple of weeks and still not seeing a drop in cases is probably something to be a little concerned about," said Steven Daghlian, market analyst at CommSec.
- 07/22/2020
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U.K. stocks edge higher on EU recovery deal and vaccine hopes but AstraZeneca falls
- U.K. stocks advanced on Tuesday, as investors cheered the European Union’s €750 billion coronavirus recovery plan and positive vaccine developments.
- 07/21/2020
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BHP Reports 4% Rise in Iron Ore Production in Fiscal 2020
- BHP Group (BHP) reports record iron ore production in the year ended Jun 30, 2020 driven by Western Australia Iron Ore operations.
- 07/21/2020
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FOREX-EU deal and vaccine hopes keep dollar at bay
- The deal provided support to fragile broader sentiment and, along with encouraging results from several COVID-19 vaccine trials, kept safe havens such as the greenback under pressure. The Australian dollar clung on above 70 U.S. cents after the central bank offered few surprises in minutes from last month's meeting or a speech from Governor Philip Lowe. Lowe said Australia's monetary policy would remain accommodative for as long as necessary and added that although he would prefer a cheaper Aussie dollar, its 27% recovery from March lows was supported by fundamentals.
- 07/21/2020
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BHP hits record iron ore output but warns of risks from virus
- BHP Group on Tuesday posted a 7% rise in fourth-quarter iron ore output, but warned the resurgence of COVID-19 outbreaks threatened the short-term demand outlook for its key commodities and widened its production guidance range for next year. Mining companies are banking on the recent uptick in industrial activity in China, the world's top metals consumer, to support prices and insulate them from uncertainty over demand elsewhere, as global coronavirus cases continue to spike. The world's biggest listed miner met guidance for its iron ore production of a record 67 million tonnes for the quarter, up 4%, and 248 million tonnes for the financial year, reflecting strong demand from top consumer China.
- 07/21/2020
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Stocks To Watch: Vaccine Players, Earnings Blitz And Fiscal Debate
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning.
- 07/18/2020
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BHP Is Said to Rebuff Early Bids Under Plan to Quit Thermal Coal
- (Bloomberg) -- BHP Group has rejected early offers for its Australian thermal coal business that missed the miner’s own valuation as the year-long hunt for a buyer continues, according to people familiar with the matter.Yancoal Australia Ltd. and Adani Group’s Australian unit are among those to have had approaches for the Mt Arthur mine rebuffed, said the people, who asked not to be identified discussing private information. BHP may step up its search for a buyer in the coming months, according to some of the people.While there’s strong interest in thermal coal assets from private equity, there’s much less appetite among major miners to add production of the fuel. BHP itself is looking to exit the business as growing climate change concerns have weakened its long-term demand outlook and ratcheted up pressure from investors to ditch the dirtiest fossil fuel.BHP last year tapped Macquarie Group Ltd. to work on the potential sale of the wholly owned Mt Arthur asset and also tasked JPMorgan Chase & Co. with finding a buyer for its one-third stake in the Cerrejon thermal coal operation in Colombia, people familiar with the matter said in August.“Yancoal considers acquisitive growth opportunities as they arise, such as BHP’s thermal coal assets, and is committed to only acquiring appropriately priced assets of genuine future value,” a spokesperson for the Sydney-based company said in a statement.Adani’s Australian unit and BHP, which generates about 3% of its revenues from Mt Arthur and Cerrejon, both declined to comment.BHP will remain a major exporter of metallurgical coal for steel-making, with nine Australian mines.Mt Arthur, among Australia’s largest coal operations, may be worth about $1 billion, Credit Suisse Group AG said in a note last week.Thermal coal is “a small part of the portfolio,” BHP Chief Executive Officer Mike Henry said on an earnings call in February. “We see the downside scenarios as being greater than the upside, so if somebody presented an offer for us to exit for value, we’d consider that.”Executives, including Henry, have also said BHP would be happy to retain the asset rather than sell at a low price.Mt Arthur is forecast to have had production in the 12 months ended on June 30 of between 15 million and 17 million tons. BHP is scheduled to report output data next week.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 07/16/2020
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RPT-BHP faces first step in $6.3 billion UK claim over Brazil dam failure
- More than 200,000 Brazilian people and groups will next week kick off a 5 billion-pound ($6.3 billion) lawsuit against Anglo-Australian miner BHP in Britain over a 2015 dam failure that led to Brazil's worst environmental disaster. An initial, eight-day hearing will establish whether the case can be heard in Britain, although the judge is expected to reserve judgment until later in the year. BHP spokesman Neil Burrows said the claim did not belong in Britain because it duplicated proceedings in Brazil and the ongoing work of the Renova Foundation, an entity created by the miner and its partners to manage reparations and repairs.
- 07/15/2020
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Board of Canada's Cornerstone rejects BHP-backed SolGold's offer for 2nd time
- The board of Cornerstone Capital Resources Inc on Tuesday rejected BHP-backed SolGold Plc's takeover offer for the second time, saying it undervalued the Canadian copper and gold miner. "For the second time, the Board is unanimous that SolGold's proposal substantially undervalues Cornerstone," Chairman Greg Chamandy, who has a 10% stake in the company, said in a statement. About 65% of Cornerstone shareholders have said they will not support SolGold's second offer.
- 07/15/2020
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BHP faces first step in $6.3 billion UK claim over Brazil dam failure
- More than 200,000 Brazilian people and groups will next week kick off a 5 billion-pound ($6.3 billion) lawsuit against Anglo-Australian miner BHP in Britain over a 2015 dam failure that led to Brazil's worst environmental disaster. An initial, eight-day hearing will establish whether the case can be heard in Britain, although the judge is expected to reserve judgment until later in the year. BHP spokesman Neil Burrows said the claim did not belong in Britain because it duplicated proceedings in Brazil and the ongoing work of the Renova Foundation, an entity created by the miner and its partners to manage reparations and repairs.
- 07/14/2020
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Lundin defends early retirement package for Chile's Candelaria workers
- Chile's Candelaria copper mine, run by the Canadian firm Lundin Mining Corp, on Tuesday rejected claims by the mine supervisors´ union that it is planning to lay off workers, saying the claim relates to the offer of an early retirement package for older workers. Candelaria said the measure was part of an "optimization programme" to ensure the sustainability of its operation in Chile's northern Atacama region. Copper production out of Chile has not yet been significantly impacted since the coronavirus outbreak started in March.
- 07/14/2020
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BHP Group Offers A Fat Dividend Yield And Protection From Higher Inflation
- BHP Group could profit from rising inflation expectations, as this should drive its revenues upwards in the long run.
- 07/13/2020
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To Deal Or Not To Deal, That Is The Question...
- While Africa's geological appeal for frontier oil and gas exploration will remain strong relative to other regions, the early 2020 oil price crash will have significant and long-lasting impacts on upstream activity within the continent.
- 07/12/2020
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The Zacks Analyst Blog Highlights: Walmart, BHP, International Business Machines, Costco Wholesale and Morgan Stanley
- The Zacks Analyst Blog Highlights: Walmart, BHP, International Business Machines, Costco Wholesale and Morgan Stanley
- 07/09/2020
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BHP´s Escondida mine in Chile offers early retirement package amid pandemic, union balks
- Global miner BHP Group Ltd said on Wednesday its Escondida copper mine in Chile, the world's largest, had offered some workers the option for early retirement amid the coronavirus pandemic, a plan blasted by the company´s union as a scheme to oust the old and sick. Escondida said in a statement to Reuters the offer would provide an "improved" package of retirement benefits to workers who met its "requirements." Government mandates have already required the most vulnerable workers be sidelined to protect their health.
- 07/08/2020
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Top Stock Reports for Walmart, BHP & IBM
- Top Stock Reports for Walmart, BHP & IBM
- 07/08/2020
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Top Ranked Income Stocks to Buy for July 6th
- Top Ranked Income Stocks to Buy for July 6th
- 07/06/2020
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EMERGING MARKETS-Latam stocks up; Mexican, Colombian pesos lead FX gains
- * Mexican, Colombian pesos rise on oil prices * Chile's peso supported by copper gains * U.S. jobs report helps risk appetite * Rising COVID-19 cases still weigh (Adds comments, updates prices) By Shreyashi Sanyal July 2 (Reuters) - Latin American stocks and currencies rose on Thursday, led by oil- and metal-linked currencies, after record U.S. job gains boosted hopes for a swift recovery from the pandemic-triggered recession. Wall Street initially rallied on the news but tempered gains as Florida reported a record-shattering 10,000 new COVID-19 cases, fueling demand for the safe-haven dollar. Brazil's real and stocks gained after industrial production rose 7% in May, its second biggest monthly increase on record as economic activity started to pick up.
- 07/02/2020
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EMERGING MARKETS-Latam stocks rise; commodity-linked currencies lead gains
- * Mexican, Colombian pesos rise on oil prices * Chile's peso supported by copper gains * U.S. jobs report helps risk appetite * Rising COVID-19 cases still weigh By Ambar Warrick July 2 (Reuters) - Latin American stocks and currencies rose on Thursday as strong U.S. jobs data pointed to a swift economic recovery from the coronavirus, with oil- and metal-linked currencies leading gains. Closer to home, Brazil's real and stocks gained after industrial production rose 7% in May, its second biggest monthly increase on record as economic activity started to pick up.
- 07/02/2020
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GLOBAL MARKETS-Stocks skip higher ahead of U.S. jobs data
- World stocks rose for a fourth straight day on Thursday as encouraging coronavirus vaccine trials kept investors' spirits up ahead of what was expected to be a record rebound in U.S. jobs figures. Economists polled by Reuters expect a bumper 3 million U.S. jobs to have been added in June on top of the 2.5 million created in May, and some generally reassuring data from both Asia and Europe this week. Despite the ongoing rise in global virus cases, Asian equity markets saw their biggest daily climb in more than two weeks overnight, aided by news that a vaccine being trialled by Pfizer and Germany's BioNTech had been well tolerated in early-stage human tests.
- 07/02/2020
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GLOBAL MARKETS-Stocks skip higher ahead of U.S. jobs data
- World stocks rose for a fourth straight day on Thursday as encouraging coronavirus vaccine trials kept investors' spirits up ahead of what was expected to be a record rebound in U.S. jobs figures later. Economists polled by Reuters expect a bumper 3 million U.S. jobs to have been added in June on top of the 2.5 million created in May, and some generally reassuring data from both Asia and Europe this week. "The big thing today is the U.S. non-farm payrolls... but by and large risk has been bid and the dollar has been weakening," said RBC FX strategist Alvin Tan.
- 07/02/2020
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GLOBAL MARKETS-Asian stocks near 4-month highs on vaccine hopes, eyes on U.S. payrolls
- All eyes are on U.S. employment data, due later in the day, which are expected offer further cues into how the world's largest economy is coping with a rise in coronavirus cases in several states. In a sign the positive sentiment will extend elsewhere, E-minis for S&P500; rose 0.3% while futures for Euro Stoxx 50 rose 0.8% and those for Germany's DAX climbed 0.8%. Risk sentiment was whetted by a COVID-19 vaccine from Pfizer and Germany's BioNTech, which was found to be well tolerated in early-stage human trials.
- 07/02/2020
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GLOBAL MARKETS-Asian stocks rise on vaccine hopes, eyes on U.S. payrolls
- Asian stocks tracked Wall Street higher on Thursday although sentiment was cautious ahead of U.S. employment data while copper prices jumped to more than six-month highs on a better global outlook and supply fears in top producer Chile. Japan's Nikkei rose 0.4%, China's blue-chip index added 0.6% while Hong Kong's Hang Seng index climbed 1.7%. U.S. employment figures due later in the day are expected to show if the world's largest economy can sustain its fragile recovery as new COVID-19 cases accelerate in several southern states.
- 07/02/2020
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Mexico Sixth in Deaths; Australia Probes Hotspot: Virus Update
- (Bloomberg) -- Mexico overtook Spain in coronavirus deaths and is now the sixth hardest hit nation, while Australian police are probing alleged security lapses at Melbourne hotels used to quarantine overseas arrivals, including claims guards slept with guests.Brazil’s lower house approved delaying municipal elections by a month. Delivery staff at the biggest mobile app providers in the nation staged a one-day walkout to demand better working conditions.The latest surge in U.S. cases spurred areas including New York City and California to pull back on reopenings and more local governments instituted mask requirements. Apple Inc. will close more stores and McDonald’s Corp. paused resuming dine-in services.An early trial of an experimental vaccine from Pfizer Inc. and BioNtech SE showed promise, winning praise from Wall Street analysts and showing the industry remains on track for having a potential shot by January.Key Developments:Global Tracker: Global cases pass 10.6 million; Deaths top 514,000Young Americans party hard and spread virus fastArizona’s daily death record chips at Pence virus talking pointTourism industry’s losses seen exceeding $1.2 trillionAustralia opens borders for studentsChinese firm jumps to front in vaccine raceSubscribe to a daily update on the virus from Bloomberg’s Prognosis team here. Click VRUS on the terminal for news and data on the coronavirus.Hotel Quarantine Lapses Probed in Australia (8:35 a.m. HK)Australian police are probing alleged security lapses at Melbourne hotels used to quarantine overseas arrivals, including claims guards slept with guests.Health authorities are investigating whether the breaches have contributed to a resurgence of coronavirus in the nation’s second-largest city.Australian Health Minister Greg Hunt said on Thursday he supported a judicial review into “strong claims of inappropriate behavior” by guards employed by security companies contracted by Victoria’s state government. Mexico Now Has Sixth Deadliest Outbreak (8:33 a.m. HK)Mexico’s Covid-19 deaths rose by 741 to reach 28,510, leading the country to overtake Spain and have the world’s sixth deadliest outbreak, according to data released by the Health Ministry Wednesday night.Confirmed cases rose by 5,681 to 231,770. Deaths and cases in Mexico have increased steadily in recent weeks as Latin America has emerged as a hot spot for the pandemic. The country is also likely to soon overtake France, which has 29,864 deaths, according to data from Johns Hopkins University.JetBlue Guarantees No Furloughs in Pilot Accord (7:53 a.m. HK)JetBlue Airways Corp. agreed not to furlough any pilots involuntarily until May 1 in exchange for unspecified contract concessions designed to help the carrier cut expenses.The deal doesn’t include changes to pay rates or significant modifications in work rules, the JetBlue unit of the Air Line Pilots Association said Wednesday in a letter to members. The union said it couldn’t yet disclose short-term changes in portions of its contract from October through April, which will return to normal earlier “if demand for flying recovers.”N.Z. Health Minister Resigns, Citing Distraction (7:44 a.m. HK)New Zealand’s Health Minister David Clark has resigned, saying his remaining in the role would be a distraction from the government’s successful response to the coronavirus pandemic.Clark came under pressure after twice breaching the nation’s strict lockdown rules by traveling outside his local area to exercise. He offered to resign at the time, but Ardern retained him, saying it wouldn’t be appropriate to change ministers while the pandemic was raging.“The prime minister made it clear at the time that under normal circumstances she would have accepted that resignation, but she did not want significant disruption to the health system in the middle of the emergency response,” Clark told reporters today.Top Copper Producer Scales Back as Workers Fall Ill (7:38 a.m. HK)BHP Group announced plans to scale back one of its copper mines in Chile, while unions in the country push for safer conditions as more workers fall ill. In the first mining cutback since Covid-19 infections began to explode in Chile six weeks ago, BHP said its Cerro Colorado operation will “significantly” reduce activities and trim its workforce.Cerro Colorado is small and has a short mine life, but the decision stokes concerns over whether the top copper-producing nation can maintain output at high levels as the virus spreads.Brazil Delays Municipal Election By a Month (7:13 a.m. HK)Brazil delayed this year’s municipal elections by a month as the country struggles to control the coronavirus pandemic.Brazil’s lower house of congress approved on Wednesday a constitutional amendment to postpone the first round of the election, initially scheduled to October, to November 15. Run-off votes will take place on November 29th. The proposal, which had already been approved by the Senate, is ready to be signed into law by the president of Congress.Delivery staff at Brazil’s biggest mobile app providers staged a one-day nationwide walkout Wednesday to demand better working conditions and highlight the country’s increased dependence on the informal labor market. Demands by staffers for apps such as Uber Eats, Rappi, Loggi, and iFood include increased pay per delivery, benefits such as life insurance and coverage for on-the-job injuries, personal protective equipment during the pandemic, and meal vouchers.Trump Says Masks ‘Good’ But Questions Mandates (6:46 a.m. HK)President Donald Trump said he’d wear a mask if he were “in a tight situation with people” but that he’s not convinced they should be required even as coronavirus cases are spiking in parts of the U.S.“I don’t know if you need mandatory,” Trump said Wednesday in a Fox Business Network interview. “I’m all for masks, I think masks are good.”Trump has mocked his Democratic challenger, Joe Biden, for wearing a mask and hasn’t publicly worn one, though he is facing calls to do so. His comments come a day after Surgeon General Jerome Adams said: “Please, please, please wear a face covering when you go out in public.”Trump added that Americans should “do what makes you feel good” and follow guidelines, and alluded in both interviews to wearing a face covering during a tour of a ventilator plant in Michigan. In that visit, he opted not to wear the covering in front of the media but was photographed masked during a private part of the tour.McDonald’s Halts Resuming U.S. Dine-In (6:20 a.m. HK)McDonald’s Corp. is pausing the resumption of all dine-in services in its U.S. restaurants as the coronavirus outbreak flares up in areas across the country.The halt will last for 21 days, the fast-food chain said in an internal letter that was viewed by Bloomberg. Locations that have already reopened their dining rooms should consult guidance from local and state officials on whether to roll back services, according to the letter, which was signed by Joe Erlinger, McDonald’s U.S. president, and Mark Salebra, head of the National Franchisee Leadership Alliance.Florida’s Miami-Dade to Require Masks (6 a.m. HK)Miami-Dade County, Florida’s most populous, will start requiring masks in all public spaces.Mayor Carlos Gimenez said he will sign an emergency order later Wednesday, according to an emailed statement. Masks were previously required in indoor public spaces and outdoors when effective social distancing was not possible.Under the new rules, masks must be used outdoors “with few exceptions,” the statement said.Texas Posts Record Rise in Cases (4:58 p.m. NY)Texas posted a record 8,076 new virus cases, pushing the total to 168,062, according to state health department figures. Fatalities jumped by 57 to 2,481 for the biggest one-day increase since May 14.The state’s positive-test rate has been above 13% for four days, the longest stretch above that threshold since the pandemic emerged.U.S. Cases Rise 1.8% (4 p.m. NY)Coronavirus cases in the U.S. rose by 46,065 from a day earlier to 2.66 million, according to data collected by Johns Hopkins University and Bloomberg News. The 1.8% rise was in line with the average daily increase over the past week. Deaths rose 0.9% to 127,681.Florida reported 158,997 cases, up 4.3% from a day earlier, compared with an average increase of 5.7% in the previous seven days. Deaths reached 3,550, an increase of 1.3%.Arizona reported 4,878 new cases, a record number for the state. That brought the total number of cases to 84,092. It also reported 88 new deaths, another one-day record that put the total at 1,720.California reported 9,740 new infections, its biggest-ever daily jump. The 4.4% rise in cases exceeded the seven-day average of a 2.8% increase, data compiled by Bloomberg show.California Closes Indoor Dining in Hard-Hit Counties (3:41 p.m. NY)California Governor Gavin Newsom ordered the shutdown of indoor businesses including restaurants, bars, museums and movie theaters in 19 counties as the state grapples with a surge of infections from the coronavirus.The areas affected include Los Angeles County, the hardest-hit part of the state, and in total account for about 70% of California’s population, Newsom said at a press briefing Wednesday.Pennsylvania Mandates Masks (3:30 p.m. NY)People in Pennsylvania must now wear masks when leaving home, Governor Tom Wolf announced Wednesday.“This mask-wearing order is essential to stopping the recent increase in Covid-19 cases we have seen in Pennsylvania,” Wolf, a Democrat, said in a statement.Pennsylvania has 84,751 confirmed coronavirus cases and 6,649 deaths, according to its website.South Africa Reports Record Case Increase (3:30 p.m.
- 07/02/2020
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BHP´s Cerro Colorado copper mine in Chile to scale down operations
- Global miner BHP said on Wednesday it would begin to ramp down activity at its small Cerro Colorado copper mine in Chile amid the coronavirus pandemic which has thrown metals markets into disarray. Cerro Colorado produced 71,700 tonnes of copper in 2019, or approximately 1.2% of Chile´s total. "This measure is necessary to maintain a viable operation during the years that remain... which will be marked by high uncertainty and financial volatility," the company said in a statement.
- 07/01/2020
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Rio Tinto: An Iron Titan With A 6.85% Dividend Yield
- I consider Rio Tinto a good choice for value investors. The stock is reasonably priced relative to both its own history and its peers. Its dividend can be consi
- 07/01/2020
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More Warning Signs For BHP Even Though Short-Term Prospects Look Good
- If FY2020 is to contain any surprises, iron ore may be the one to deliver windfall profits. Commodity demand in China remains robust for BHP, but there are sign
- 07/01/2020
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Copper Moves To $2.70 Per Pound- A Bullish Sign For Industrial Commodities And Producing Companies
- The copper barometer is sending a positive signal. An update on BHP. RIO has rallied. VALE is higher but NILSY has gone the other way. Copper is the leader- DBB
- 06/30/2020
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Nickel Monthly News For The Month Of June 2020
- Nickel spot prices were little changed in June, and the LME inventory was about the same as last month. Nickel market news - Woodmac - As demand from the electr
- 06/30/2020
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Newmont Should Buy Freeport-McMoRan
- Freeport-McMoRan is on the verge of a large jump in copper/gold production during 2021. Newmont's stock price is getting somewhat extended vs. long-term valuati
- 06/29/2020
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Chevron Snaps Up Gas Sales Deal With BHP in Western Australia
- Chevron (CVX)-run Gorgon and Wheatstone natural gas facilities are expected to churn out 500 terajoules of domestic gas daily for the Western Australian market.
- 06/29/2020
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Top Ranked Income Stocks to Buy for June 25th
- Top Ranked Income Stocks to Buy for June 25th
- 06/25/2020
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Chevron Clinches Australia Gas Deal With BHP Nickel West
- U.S. energy giant Chevron Corp. (CVX) said it clinched a deal in Australia with BHP’s (BHP) Nickel West unit for the delivery of natural gas.Starting in July, Chevron will supply BHP Nickel West with a total of 22 petajoules of equity domestic gas from its Wheatstone facility over a 3.5 year term. Financial terms of the agreement weren’t disclosed.Chevron Australia Managing Director Al Williams said the agreement highlighted the important role of natural gas in powering critical industries, such as mining, across the state.“Chevron is committed to delivering natural gas supplies to Western Australian homes and businesses, helping to power local jobs, industry and communities,” Williams said. “As a reliable and cost-effective way to generate electricity, natural gas is a vital energy source for current and future energy needs of Western Australian industry.”At full capacity, the Chevron-operated Gorgon and Wheatstone natural gas facilities will produce 500 terajoules per day of domestic gas for the Western Australian market – enough to generate electricity for 4.3 million households.Chevron has been present in Australia for more than 60 years and operates the country’s largest onshore oilfield on Barrow Island and is a significant investor in exploration.Chevron stock, which fell sharply with the onset of the coronavirus pandemic, has gained back part of its losses over the past three months. However, shares are still down 27% for the year. They fell 4% to $87.77 in midday trading on Wednesday.Morgan Stanley analyst Devin McDermott this month reiterated a Buy rating on the stock with a $103 price target, citing the macro backdrop improvement, sustained higher prices needed to increase capex, and the focus on lower emissions and breakthrough technologies."CVX remains our preferred US integrated oil stock, offering peer-leading cash flow anchored by low-risk investments, a differentiated value proposition in the sector – particularly in the current uncertain macro backdrop,” McDermott wrote in a note to investors. “The strategy supports its ~6% dividend yield, all with a low corporate breakeven and strong balance sheet that make the strategy resilient through the cycle, while retaining attractive leverage to any potential oil price recovery."Wall Street analysts are cautiously optimistic on the stock. The Moderate Buy consensus breaks down into 9 Buy analyst ratings versus 5 Hold ratings and 1 Sell rating. The $101.15 average analyst price target indicates 15% upside potential from current levels over the next 12 months. (See Chevron stock analysis on TipRanks).Related News: Chevron to Make Sweeping Job Cuts as Oil Demand Plummets Plug Power Spikes 16% On Savvy Hydrogen Deals, Boosted Guidance Carnival’s Credit Rating Cut To Junk Status At S&P; On Weak Demand Prospect More recent articles from Smarter Analyst: * Dell, VMware Spike In Pre-Market On Report Dell Is Mulling Spinoff Of $50B Stake * Electronic Arts CEO Wants More Star Wars Games With Disney * Credit Suisse To Buy Up To 35% Stake In Brazil’s Digital Bank Modalmais * UK Relaxes Rules On GWPH Cannabis Drug Epidyolex; Analysts Bullish On Stock’s Prospects
- 06/24/2020
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Cobalt Miners News For The Month Of June 2020
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Is BHP Group (BHP) A Good Stock To Buy?
- The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
- 06/23/2020
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Chile´s Codelco beefs up sanitary measures at its largest copper mine
- Chile´s state-run Codelco said on Monday it would implement new measures at its El Teniente copper mine, the company´s largest deposit, to maintain operations amid increasing worker angst over the fast-spreading coronavirus. The world´s top copper producer said it would move to a 14-day on, 14-day off shift schedule at El Teniente, and that it would begin to test workers three times per shift for COVID-19. The "extraordinary measures" would allow it to "ensure the continuity of operations and the contribution of El Teniente to the country," the company said in a statement.
- 06/22/2020
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Do BHP Group's (ASX:BHP) Earnings Warrant Your Attention?
- Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of...
- 06/21/2020
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Lawyer asks UN to intervene with Cerrejon mine on behalf of indigenous Colombians
- A British barrister is asking the United Nations Special Rapporteur to intervene with coal miner Cerrejon on behalf of Wayuu indigenous people in Colombia allegedly suffering damage to their health amid the coronavirus pandemic. Cerrejon, which is owned equally by BHP Group, Anglo American and Glencore, rejected the allegations, saying information in the claim was wrong. Cerrejon had initially reduced operations during Colombia's nationwide quarantine, but began normalizing its work last month.
- 06/18/2020
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Hedge Funds Aren’t Crazy About BHP Group (BBL) Anymore
- The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
- 06/18/2020
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Chile copper mine workers seek dialogue as coronavirus outbreak explodes
- Unionized copper mine workers in Chile asked on Wednesday to be included in a dialogue between companies and the government to address the exploding coronavirus crisis in the world´s top producer of the red metal. The Chilean Mines Federation - which groups the workers at Chile's principal copper deposits - has softened its tone since demanding on Sunday that authorities strengthen enforcement of safety rules following an "alarming" increase in coronavirus cases among miners. "We want to request, as the largest mining organization in Chile, a three-way dialogue ... to prevent even more mine workers from becoming infected," the group said in a statement.
- 06/17/2020
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Copper sustainable group expects more members following Rio Tinto's units
- Copper Mark, a traceability system launched by the International Copper Association (ICA), expected more members this year after two units of mining giant Rio Tinto joined in May. Copper Mark was launched in April as part of ICA's effort to bring the whole copper supply chain in par with the rising standards and expectations for responsible copper production. It welcomed Oyu Tolgoi LLC in Mongolia and Kennecott Utah Copper LLC in the United States, both owned by Rio Tinto, and expected members of the ICA to be among the early adopters, said Michele Brulhart, its executive director.
- 06/17/2020
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The Zacks Analyst Blog Highlights: VALE, BHP, RIO and FSUGY
- The Zacks Analyst Blog Highlights: VALE, BHP, RIO and FSUGY
- 06/16/2020
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