BHP in talks to buy Western Foreland copper project in the DRC from Ivanhoe Mines - report
A move into the resource-rich yet higher risk DRC would be quite a change for BHP
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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A move into the resource-rich yet higher risk DRC would be quite a change for BHP
The company has spent US$4.5bn on Jansen since 2008
The risk to iron ore prices has arisen much faster than expected
Investments and investor services
The principal investors in KoBold Metals are Breakthrough Energy Ventures, a climate technology fund set up by Bill Gates
Bullion Drilling has been appointed to undertake a 4,000-metre RC drilling programme
BHP will drop out of the FTSE 100, forcing index tracker funds to sell their shares, if the plan is approved by shareholders
Archive
Altus Strategies* (LON:ALS) - BUY – Valuation under review – $34m to secure the first revenue generating royalty with more deals to follow Ariana Resources (LON:AAU) – Arzu South drilling results BHP (LON:BHP) - BHP to drop London listing a
The miner plans to pay a record final dividend of US$2.00 per share, bringing its returns to shareholders to more than US$15bn for the full year
BHP also announced the merger of its oil and gas assets with Woodside Petroleum Ltd, its full-year results, and its intention to end its dual listing in London
The new entity would be among the largest independent energy companies in the world
Archive
The UK's blue-chip index in the green but US markets slide after disappointing retail sales figures
Archive
After spending much of the morning on the retreat the S&P 500 rallied to new highs ending the day up 11 points to 4,479
BHP has initiated a strategic review of its petroleum business to re-assess its position and long-term strategic fit in the BHP portfolio
Just Eat will also feature among the big names on the corporate calendar
Samarco's dam failure is one of the worst mining disasters in Brazil’s history
Berenberg believes BHP has significant capacity to pay excess dividends
Elon Musk has previously been vocal on Twitter about the need to secure a supply of sustainable nickel
It will provide an update on the ongoing potential financial impact of the Samarco dam failure when it releases its financial results on August 17
Glencore's dividend announcement is expected to slightly disappoint
Even the prospect of record dividends this year is unlikely to drive the shares higher