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...One of its rationales for the proposed coal spin-off is to secure a higher valuation for its portfolio of copper, cobalt, nickel and zinc mines as the company has argued that their value is dragged down...
...Pant, who is based in Singapore but visited customers in India including Tata Steel last week, predicted BHP copper and potash would also flow into India in greater volumes as the trade relationship between...
...It has easily been the poorest performing mining stock of the big groups, including BHP, Rio Tinto and Vale....
...BHP said it would pay an interim dividend of 72 cents a share, better than analysts had expected, reflecting a strong performance in its copper and iron ore operations....
...Australia’s largest company also cut production guidance for its Queensland coal operations, which it owns with Mitsubishi, but production of copper and iron ore, important commodities for the company, improved...
...The California-based company is valued at $1.15bn, and also counts BHP, the world’s largest mining group, and oil major Equinor, as investors....
...Jansen, which will be one of the world’s largest fertiliser mines, is set to enter into first production near the end of 2026, diversifying BHP beyond copper, iron ore, nickel and steelmaking coal....
...At iron ore and copper dependent BHP, the cash flow used to pay its 9 per cent dividend yield primarily comes from China. The country’s economic problems put this payout at risk....
...In a case study, Unwritten analysed BHP, an Australian mining group with significant coal and copper holdings....
...The country consumed about four times the amount of copper than the EU and the UK combined in 2022, according to the International Wrought Copper Council. It is also the top user of nickel....
...Under the commitments, companies including BHP, Rio Tinto and Anglo American must disclose nature-related risks and impacts of their projects by 2026, ensure no net loss of biodiversity when they close mines...
...In Arizona, for example, Rio Tinto and BHP’s Resolution Copper mine has been awaiting federal approval for more than a decade, delayed by litigation from members of the San Carlos Apache tribe....
...At iron ore and copper dependent BHP, the cash flow for paying its 9 per cent dividend yield primarily comes from China. The country’s economic problems put this payout at risk....
...Henry said the rise from $7.1bn in 2022-23 reflected the company’s strategy to “invest in growth” through potash and copper — boosted by its takeover of Oz Minerals this year — in order to generate more...
...In return for minority investments into established operations run by blue-chip companies such as BHP and Rio Tinto, it aims to receive metals supply — a model Japanese trading houses have successfully deployed...
...The Resolution copper mine in Arizona, a joint venture between Rio and BHP, has failed to gain permission to proceed despite attempts for years....
...BHP’s main listing is now Sydney, but it is also a top 10 global producer, while the biggest copper miner of all is America’s Freeport-McMoRan.”...
...Some of Rio Tinto’s rivals, including BHP, Newmont and Glencore, have started hunting for acquisition targets as the world’s largest miners position themselves for future growth....
...BHP, Rio Tinto, Glencore, Anglo American and Vale have an average price to forward earnings ratio of 8.5 times versus 18.5 for the S&P 500, according to S&P Capital IQ and Refinitiv....
...The London Stock Exchange suffered a hit in 2022 when BHP moved its primary listing to Sydney as it unified its dual corporate structure....
...The fall compounded the company’s woes as the worst-performing stock of the large diversified mining groups including BHP, Rio Tinto and Vale....
...Australia’s BHP first struck a deal to explore the site in 1993, before a joint venture between Barrick and UK-listed Antofagasta, which runs copper mines in Chile, eventually took on the project....
...Compounding this year’s 48 per cent tumble, the platinum, iron ore, copper, steelmaking coal and diamond producer is easily the poorest performing mining stock of the large groups, including BHP, Rio Tinto...
...BHP has lowered its production outlook for some metals, including nickel, echoing other large miners....
...The supply of industrial metals such as copper, lead and zinc is typically 0-2 per cent above or below annual demand....
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