Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:ICON (ICLR) is a provider of outsourced development and services to pharmaceutical, biotechnology, medical device and government and public health organizations. The Zacks Consensus Estimate for its current year earnings has been revised 7.3% downward over the last 60 days.BHP Group Limited (BHP) is one of the world's largest diversified resource companies with operations across several continents. The Zacks Consensus Estimate for its ...

. . . Mundoro Announces New Targets for Drill Testing on BHP-Mundoro Project in Timok, Serbia October 30, 2024 6:00 AM EDT | Source: Mundoro Capital Inc. Vancouver, British Columbia--(Newsfile Corp. - October 30, 2024) - Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF) (www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce that its exploration campaign on the Trstenik project, in which BHP Exploration is earning an interest and providing sole funding, has advanced five prospective porphyry exp ...

Editor's note: Seeking Alpha is proud to welcome OBA Advisors as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access.OBA Advisors provides corporate services for (a) overseas entrepreneurs doing business in Hong Kong-GBA and (b) GBA entrepreneurs doing business in ASEAN countries. The firm is a proprietary concern and manages its own investment. The principa ...

BHP Group (BHP) announced that its iron ore production rose 2% year over year to 64.6 Mt in the first quarter of fiscal 2025 (ended Sept. 30, 2024). This was attributed to an increase in production at Western Australia Iron Ore (WAIO) following the commissioning of the Port Debottlenecking Project and completion of the South Flank ramp-up. Iron ore production at Samarco increased 4% in the quarter due to the early resumption of Pelletizing Plant No. 4. BHP's iron ore production guidance for fiscal 2025 rema ...

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 explorat ...

BHP Group (BHP) has announced that it plans to trial Caterpillar Inc.'s (CAT) recently launched Cat Dynamic Energy Transfer (DET) at its mining site. Caterpillar's cutting-edge solution is engineered to transfer energy to large mining trucks (both diesel-electric and battery-electric) while they operate on site. The trials are the result of more than two years of collaboration between BHP and Caterpillar to find sustainable and viable energy transfer solutions. The trials include validating the solution in ...

Core Viewpoint - BHP Group is significantly expanding its copper production capabilities in South Australia, with plans to increase output from 322,000 tons in fiscal 2024 to over 500,000 tons by the early 2030s, and potentially reaching 650,000 tons by the mid-2030s [1][3]. Group 1: Expansion Plans and Production Goals - The South Australian government has initiated an assessment of BHP's planned Smelter and Refinery expansion (SRE) at Olympic Dam, which will be executed in two phases [1]. - A final investment decision on phase one of the SRE plan is scheduled for the first half of fiscal 2027, with the project expected to unlock around $1.5 billion in synergies [3]. - BHP's copper output rose 9% year over year to 1,865 kt in fiscal 2024, the highest in 15 years, driven by improved production at Spence and Carrapateena [6]. Group 2: Recent Acquisitions and Developments - Following the acquisition of OZL in May 2023, BHP established the Copper South Australia province, adding Prominent Hill and Carrapateena to its portfolio [2]. - At Oak Dam, BHP reported an Inferred Mineral Resource of 1.34 billion tons at a copper grade of 0.66% [4]. - BHP is investing in processing plant capacity at Carrapateena to boost throughput from the sub-level cave to 7 Mtpa, with plans to increase it up to 12 Mtpa [5]. Group 3: Future-Facing Commodities Strategy - BHP plans to allocate around 65% of its medium-term capital to future-facing commodities, such as copper and nickel, which are essential for the green energy transition [7]. - The company has also agreed to acquire a 50% interest in the Filo del Sol and Josemaria copper projects in Argentina to strengthen its copper resource position [7]. - In addition to South Australia, BHP has a pipeline of copper projects under development in Chile, with final investment decisions planned from fiscal 2026 to 2029 [8]. Group 4: North American Projects - BHP holds a 45% interest in the Resolution Copper Project in the United States, which is one of the largest undeveloped copper projects globally and has significant production potential [9].

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. An order value of approximately SEK 500 million will be reported in the third quarter 2024, and approximately SEK 400 million in each of the second and third quarter 2025. The remaining order value is estimated to be booked in the second quarter 2026 ...

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. Following the success of the 2023 and 2024 cohorts, BHP Xplor is excited to invite early-stage explorers to join its next chapter. Once again, the program is seeking visionary teams focused on uncovering new sources of critical minerals crucial for a sustainable future. The BHP Xplor program is designed to acce ...

Operational Performance - BHP's operational performance in FY2024 included the highest copper production in over 15 years, contributing to a total economic contribution of US$49.2 billion[20]. - Copper production reached 1.86 million tonnes in FY2024, a 9% increase from FY2023, marking the highest production in over 15 years[48]. - Escondida mine in Chile produced 1.12 million tonnes, a 7% increase compared to FY2023, due to higher-grade ore mining[48]. - Iron ore production set a second consecutive full-year record at 287 million tonnes, with BHP's share at 255 million tonnes, reflecting strong supply chain performance[49]. - Steelmaking coal production decreased to 22.3 million tonnes, a 23% decline from FY2023, due to increased stripping and divestment of certain mines[50]. - Nickel West production remained stable at 81.6 thousand tonnes, but a temporary suspension of operations is planned starting October 2024 due to market oversupply[52]. - Olympic Dam achieved record cathode production of 216 kt, driven by record mine and smelter performance, with record ore mined at 10.8 Mt[130]. - Carrapateena achieved record production of 68 kt of payable copper, up from 60 kt in FY2023, with record ore mined of 5.2 Mt[132]. - WAIO achieved record production of 255 million tonnes (Mt) in FY2024, up from 253 Mt in FY2023, reflecting strong supply chain performance[118]. Financial Performance - The company declared dividends totaling US$7.4 billion for FY2024, bringing the total cash dividends returned since July 2021 to over US$42 billion[26]. - Revenue for FY2024 was US$55.7 billion, an increase of US$1.8 billion or 3% from FY2023[93]. - Profit after taxation attributable to BHP shareholders decreased to US$7.9 billion in FY2024 from US$12.9 billion in FY2023, including an exceptional loss of US$5.8 billion[92]. - Underlying attributable profit for FY2024 was US$13.7 billion, compared to US$13.4 billion in FY2023[88]. - Net operating cash flows for FY2024 were US$20.7 billion, up from US$18.7 billion in FY2023[88]. - Total expenses excluding net finance costs increased by US$4.9 billion or 15% to US$36.8 billion in FY2024[95]. - Capital and exploration expenditure for FY2024 was US$9.3 billion, up from US$7.1 billion in FY2023[88]. - Net debt decreased to US$9.1 billion in FY2024 from US$11.2 billion in FY2023[88]. - Other income rose to US$1.3 billion, a 226% increase from FY2023, primarily due to the divestment of Blackwater and Daunia[95]. Sustainability and Social Responsibility - BHP's ongoing commitment to sustainability includes efforts to reduce operational greenhouse gas emissions as part of its social value framework[26]. - The company achieved US$137 million in voluntary social investment in FY2024, focusing on community and environmental initiatives[26]. - BHP's operational GHG emissions target aims for at least a 30% reduction by FY2030 against an FY2020 baseline[35]. - The company managed 83,012 hectares (1.62%) of land and water under nature-positive management practices, with a goal of reaching at least 30% by FY2030[65]. - In FY2024, the total voluntary social investment amounted to US$136.7 million, including US$102.4 million in direct funding for initiatives aligned with the social value framework[183]. - BHP's Responsible Minerals Program (RMP) aligns with OECD guidelines and is currently expanding to include environmental risk assessments in mineral supply chains[179]. - The company aims to achieve alignment with the Global Industry Standard on Tailings Management (GISTM) for all BHP-operated tailings storage facilities by August 2025[182]. Diversity and Inclusion - Female employee participation increased by 1.9 percentage points year-on-year to 37.1% by the end of FY2024, while Indigenous employee participation reached 10.1% in Chile and 11.2% in Canada[24]. - The Indigenous employee participation rate at Minerals Australia operations was 8.3% as of June 30, 2024, with a total participation rate of 7.5% across Australia[184]. - BHP's FutureFit Academy provides pathways for new employees through accredited maintenance and production traineeships, enhancing workforce capabilities[191]. - As of FY2024, the FutureFit Academy achieved 80% female participation and over 20% Indigenous intake in its student cohort[192]. - The gender breakdown of new hires in FY2024 was 48.1% men and 51.9% women, with women in leadership roles increasing by 2.0% compared to FY2023[200]. - BHP's LGBT+ ally employee group, Jasper, grew to around 2,900 members globally by the end of FY2024[207]. Safety and Health - BHP's commitment to safety remains unwavering, with a focus on eliminating unacceptable behaviors such as sexual harassment and bullying in the workplace[24]. - In FY2024, the company recorded a 36% decrease in the high-potential injury frequency rate compared to FY2023, despite one fatal incident[154]. - The total recordable injury frequency (TRIF) increased by 5% from FY2023, with the highest number of injuries related to slips, trips, and falls[154]. - Over 90% compliance was achieved for the Fatality Elimination Program (FEL) controls implemented in FY2024[157]. - The Fatality Elimination Program remains a high priority, with asset implementation plans intended for completion by FY2025[156]. - The global Field Leadership Program aims to enhance safety culture and verify critical safety controls across operations[159]. Strategic Initiatives - BHP's strategic focus includes aligning its portfolio with global trends, emphasizing the demand for metals and minerals driven by urbanization and energy transition[25]. - The Jansen potash project in Canada is ahead of schedule, with first production expected in just over two years, and Jansen Stage 2 has been approved with a capital expenditure of US$4.9 billion[32][46]. - BHP plans to invest approximately US$300 million per annum in Western Australia Nickel facilities, with a review of operations scheduled for February 2027[37]. - The company is exploring options to increase Copper South Australia's production beyond 500 kilotonnes per annum (ktpa), with potential growth up to 650 ktpa[33]. - BHP plans to grow WAIO production capacity up to 330 million tonnes per annum, with studies expected to complete in CY2025[50]. - The company has established BHP Ventures to invest in emerging technologies, with new investments in FY2024 including SiTration and ZwitterCo[74]. - BHP Xplor program selected six companies from over 500 applications to support early-stage mineral exploration, focusing on critical resources for the energy transition[78].