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. Demands for increased pay and easier working conditions have led to the threat of strike action at the giant Escondida copper mine in Chile while in Australia unions are being accused of a power grab in the company's iron ore mines. An iron ore train arrives at BHP's Port Hedland export operations. Fairfax Media via Getty Images. Fairfax Media via Getty Im ...

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 TORONTO, Aug. 08, 2024 (GLOBE NEWSWIRE) -- McEwen Copper Inc., 48.3% owned by McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), is pleased to comment on the excitement in Argentina that includes: Remarkable new legislation introduced by President Milei to e ...

Mining M&A is heating up with strategic moves to consolidate operations and strengthen market positions in the copper and gold sectors. BHP and Lundin will form a 50/50 joint venture to manage the Filo del Sol and Josemaria projects in Argentina and Chile. BHP's significant investment underscores the company's confidence in the long-term prospects of copper. The deal is relatively smaller compared to previous industry megadeals, like Barrick Gold's $7.3 billion acquisition of Equinox Minerals in 2011. Howev ...

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. Mike Henry, Chief Executive Officer of BHP said: This transaction aligns with BHP's strategy to acquire attractive early-stage copper projects and enter into strategic partnerships with parties where ...

Copper Output Reaches 15-Year High in FY24: Copper output improved 6% year over year to 504.9 kt in the fourth quarter and rose 9% year over year to 1,865 kt in fiscal 2024. It was the highest in 15 years. BHP's guidance for copper production for fiscal 2024 was within the 1,720-1,910 kt range. BHP also delivered on its targets for copper and nickel. Metallurgical coal was near the higher end of its guided range while energy coal outperformed the range. Per plans, South Flank completed ramp-up to full produ ...

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. Just like these commodities saw associated company stocks rise in times of technological advancement, so too could copper mining stocks. Freeport-McMoRan (FCX) Up 22% year-to-d ...

Portfolio Comparison - Rio Tinto is diversified across four main sectors, with iron ore being its primary focus, supported by low cash costs and a fully integrated supply chain close to key Asian markets [3] - Rio Tinto has a substantial and growing copper portfolio, including a 30% stake in the world's largest copper mine, Escondida, which is positioned at the low end of the cost curve [3] - BHP has a competitively cost-positioned iron ore and copper production business but is a core producer of coal, which contrasts with the global shift towards electrification and cleaner energy [3] - BHP's portfolio includes a struggling nickel business and a recent entry into the potash segment, while Rio Tinto has a minerals portfolio with exposure to sands, borates, salts, and diamonds [3] - Rio Tinto is slightly favored due to its focus on materials likely to see increased demand in the future [3] Capital Allocation and Shareholder Returns - Rio Tinto emphasizes dividends and buybacks more than BHP, with a higher expected dividend yield of 6.3% compared to BHP's 5.1% over the next 12 months [4][5] - Rio Tinto has delivered a 2,010% total return since the mid-1990s, compared to BHP's 676.1%, and has significantly outperformed BHP over the past decade with a 166.2% total return versus BHP's 100.9% [7] - Rio Tinto has been more disciplined in share repurchases, reducing its shares outstanding by 30% compared to BHP [8][9] - Rio Tinto's management focuses on returning capital to shareholders, which has contributed to its long-term outperformance [10] Strategic Investments and Acquisitions - Rio Tinto is less likely to pursue aggressive acquisitions compared to BHP, which recently failed in an attempt to acquire Anglo American [11] - Rio Tinto has strategically invested in technologies, including a multi-year partnership with Palantir, aimed at improving efficiencies and long-term profitability [11] Valuation and Investment Recommendation - Rio Tinto trades at slightly lower earnings and EBITDA valuation multiples compared to BHP, making it more attractive from a valuation perspective [14] - Rio Tinto is rated as a buy due to its better total return track record, higher dividend yield, better-positioned portfolio, and greater capital discipline, while BHP is rated as a hold [14]

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. No, you shouldn't abandon your growth game. However, these ideas are likely working on commission. They're great when things are going well but what happens when the rain falls? You need some reassurances that you're going to get paid ...

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). BHP's donation to Royal University Hospital Foundation to fund new state-of-the-art digital technology for RUH's two busiest X-ray suites will replace outdated computer and lengthier cassette-based processes in use for almo ...

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). BHP's donation to Royal University Hospital Foundation to fund new state-of-the-art digital technology for RUH's two busiest X-ray suites will replace outdated computer and lengthier cassette-based processes in use for almo ...