BHP Group (BHP) reported underlying attributable profit from continuing operations of $6.6 billion in the first half of fiscal 2024 (ended Dec 31, 2023). The figure was in line with the year-ago comparable period as gains from higher revenues (reflecting improved iron ore and copper prices) and disciplined cost control were offset by higher input and labor costs.Underlying earnings per share were $1.29 in the first half of fiscal 2024 compared with $1.30 in the prior-year period. Earnings per American Depos ...

BHP lowered its dividend by less than expected with its latest half-year numbers in a sign that it is more confident over the outlook for bulk metals said analysts. Underlying profits for the six months to end December 2023 were flat at US$6.60bn and slightly better than consensus estimates beforehand though big impairment charges reduced the total down to US$0.9bn. BHP took a US$3.2bn hit for its share of compensation for the Samarco Dam disaster in Brazil and also US$2.5bn for potentially closing its West ...

Company Participants Mike Henry - CEO David Lamont - CFO Mike Henry Operationally, in the December 2023 half, we delivered a 7% increase in copper production. We maintained strong momentum at Western Australia Iron Ore and we remain on track to meet our original full year production and unit cost guidance across all bar one of our assets. We progressed important portfolio changes in line with our strategy, including, successfully integrating our new copper asset in South Australia. Sanctioning additional in ...

A collapse in the price of nickel, used in the batteries of electric vehicles (EVs) and stainless steel, all but wiped out the half-year profit of BHP, the world’s biggest mining company.After-tax profit of Australia-based BHP plunged by 86% from $6.5 billion to $927 million in the six months to December 31 with the bulk of the fall blamed on a $5.6 billion write-down of the value of the company’s nickel business.Because the write-down is a non-cash item BHP shareholders will still get a half-year dividend, ...

SASKATOON, Saskatchewan, Feb. 13, 2024 (GLOBE NEWSWIRE) -- BHP and YWCA Saskatoon are pleased to announce a $500,000 investment from BHP to YWCA's Hope Lives Here campaign. In 2022, YWCA Saskatoon's Crisis Shelter & Residence turned away a staggering 4,253 women and children in need. Hope Lives Here is the organization's largest capital campaign ever. With a fundraising goal of $19 million, the campaign is funding a new transitional housing wing that will more than double YWCA Saskatoon's capacity to provid ...

Undervalued renewable energy stocks are struggling. Companies are canceling projects as prices spiral out of control. Auto companies like General Motors (NYSE:GM) and Ford (NYSE:F) are delaying electric vehicle rollouts because of slowing demand. Solar companies are seeing massive reductions in homeowner demand. In fact, demand for solar panels in California is down 80%.The fallout can be seen in exchange-traded funds like Invesco WilderHill Clean Energy (NYSEARCA:PBW). It’s down nearly 51% in a year. Share ...

Investors interested in stocks from the Mining - Miscellaneous sector have probably already heard of HudBay Minerals (HBM) and BHP (BHP) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with pos ...

SASKATOON, Saskatchewan, Feb. 05, 2024 (GLOBE NEWSWIRE) -- BHP and Carlton Trail College are pleased to announce the recipients of the BHP Jansen Scholarship Program for 2023. The scholarship provides combined support of over $82,000 to 26 youth pursuing post-secondary education and training opportunities in a field of their choosing. Carlton Trail College is a partner in this initiative, administering the program on BHP's behalf. "Access to post-secondary education and skills training is proven to bring se ...

SASKATOON, Saskatchewan, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Hope's Home is pleased to announce BHP has invested $150,000 to provide an essential nursing station at the new medically inclusive childcare centre in Saskatoon. As the only medically inclusive childcare centers in Canada, Hope's Home provides care where kids with complex medical and typical needs can learn, grow, and thrive. With on-site nurses providing medical care to children, Hope's Home is a national leader filling a gap that exists in child ...

Fundamentally, the narrative for top uranium stocks 2024 comes down to basic math. Around mid-December, The Wall Street Journal reported that the commodity was running hot due to supply setbacks. However, as more data entered the news cycle, uranium prices soared as it became clear that the sector’s challenges might not dissipate soon enough.As a recent CNBC report pointed out, the ecosystem focuses on Kazakhstan. Specifically, its state-run mining enterprise Kazatomprom – the world’s leading uranium miner ...