BHP to assess Queensland coal business after latest royalty hike
Full-year iron ore shipments at 292mln tonnes were strong but the average realised iron ore price of $US113 a tonne was below forecasts.
Company
LON:BHP
BHP Group Limited is a global leader in the resources industry. Formed from a merger between BHP and Billiton, the company is a leader in the extraction and sales of most natural resources and is particularly strong in Iron Ore, Coking and Thermal Coal, Copper, Zinc, Oil & Gas, Diamonds and most materials key to the production of steel.
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Full-year iron ore shipments at 292mln tonnes were strong but the average realised iron ore price of $US113 a tonne was below forecasts.
BLT is among the notable names in the diary for Tuesday.
Here’s Proactive Australia’s round-up of the top local financial stories of the day, with helpful links taking you directly to the news.
The dollar is the currency of choice for mining and commodities
'The merger of our petroleum assets with Woodside creates a global energy company with the scale and opportunity to help supply the energy needed for global growth and development in a rapidly decarbonising world'
Will the Fed be able to stave off recession? Either way, interest rates are rising and the dollar is likely to strengthen
The Aussie-listed mining titan kept guidance unchanged for iron ore, metallurgical coal and thermal coal
Russia is a major player in the production of base and precious metals
Are the miners really getting ESG so right, or are other factors still more important?
In January 2022, BHP completed the unification of its dual-listed corporate structure
The 'unification' process is due to take place by the end of January
Will the eye of BHP fall on a major rival, or perhaps a mid-tier company, or even something smaller but with significant growth potential?
The news follows a solid production statement from the soon-to--be only Aussie listed miner.
The Scarborough field is located approximately 375km off the coast of Western Australia and is estimated to contain 11.1 trillion cubic feet of dry gas
Wood Mackenzie forecasts metallurgical coal demand to increase by 53 million tonnes (Mt) to 346Mt by 2030
The coal price is running very hot, and environmental narratives are struggling to keep up
“For the full year, miners will be responsible for nearly £1 in every £4 distributed by UK-listed companies"
BHP lifted its offer to C$0.75 per share, up 36% from its previous offer of C$0.55 per share and exceeding the C$0.70 per share offer from Wyloo
BHP kept all of its production and unit cost guidance unchanged for the 2022 financial year
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London's leading index added 13 points (0.19%) to sit at 7,218 bolstered by positivity in the US market which countered headwinds from the airline sector