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Under-the-Radar: 3 Stocks Poised for Surprise Gains
InvestorPlace· 2024-01-29 21:34
Though one of the remarkable elements of the new year so far has been the sustained performance of the usual suspects, investors should still consider the potential value of stocks with unexpected gains. These enterprises might not be in the spotlight compared to more popular enterprises on Wall Street. Nevertheless, they may offer significant punch.You’ve heard that phrase, it’s the quiet ones you’ve got to watch out for? Well, that’s the case with stocks with unexpected gains. They might not immediately s ...
BHP and Vale told to pay US$9.7bn for Samarco dam disaster
Proactive Investors· 2024-01-26 07:36
BHP Group Ltd (LSE:BHP, ASX:BHP) and its Brazilian partner Vale have been ordered to pay US$9.7 billion (R47.6 billion) in compensation for the Samarco disaster in 2015. Nineteen people were killed after the tailings dam at the mine failed, flooding vast areas of Minas Gerais state with contaminated mud and polluting lakes and rivers to the sea. A federal court in Brazil ruled that Samarco, the joint venture company owned by BHP and Vale that ran the mine, was liable for “moral damages” and emotional distre ...
BHP Xplor announces second program helping to accelerate critical resources exploration
Newsfilter· 2024-01-23 00:01
TORONTO, Jan. 22, 2024 (GLOBE NEWSWIRE) -- BHP has announced its second cohort of six companies, chosen from a pool of over 500 applicants, to join the BHP Xplor accelerator program. The accelerator program is designed to support early-stage mineral exploration companies in finding the critical resources needed to support the energy transition. Each company will receive a grant of up to US$500,000 together with access to a network of internal and external industry experts to accelerate its growth and furthe ...
BHP(BHP) - 2023 Q4 - Annual Report
2023-09-04 16:00
Exchange release 4 September 2023 Court Ratifies Samarco's Judicial Reorganisation Plan The court's ratification of Samarco's Judicial Reorganisation Plan follows support of the plan by a majority of Samarco's financial creditors in July 2023 as required under Brazilian bankruptcy law. BHP provided an update to the Group's provision for the Samarco dam failure in its 2023 Annual Report and BHP considered the funding cap along with Samarco's long-term forecast cash flows, when determining the Samarco Fundão ...
BHP(BHP) - 2023 Q4 - Annual Report
2023-09-04 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report Commission file number: 001-09526 BHP GROUP LIMITED (ABN 49 004 028 077) (Exact name of registrant as specified in its charter) VICTORIA, AUSTRALIA (Jurisdiction of incorporation or organisation) 171 COLLINS STREET, MELBOURNE, VICTORIA 3000 AUSTRALIA (Address of pr ...
BHP(BHP) - 2023 Q4 - Earnings Call Transcript
2023-08-21 12:30
BHP Group Limited (NYSE:BHP) Q4 2023 Earnings Conference Call August 21, 2023 1:30 AM ET Company Participants Mike Henry - Chief Executive Officer David Lamont - Chief Financial Officer Conference Call Participants Mike Henry Hello, and thank you for joining us to hear about BHP's results for the 2023 financial year. I'm joined today by our Chief Financial Officer, David Lamont. This year, our results have again proven that our focused strategy creates lasting value through the cycle. But before we talk abo ...
BHP Group Limited (BHP) BofA Securities Global Metals, Mining & Steel Conference (Transcript)
2023-05-16 17:40
Summary of BHP Group Limited Conference Call Company Overview - **Company**: BHP Group Limited (NYSE:BHP) - **Industry**: Mining - **Key Products**: Iron ore, copper, steelmaking coal, potash Core Points and Arguments 1. **Operational Focus**: BHP is pursuing opportunities to grow shareholder value through operational excellence and social value creation, presenting a differentiated investment proposition [2][24] 2. **Safety Concerns**: Acknowledgment of recent fatalities at Olympic Dam and Port Hedland, emphasizing the need for improved safety measures [3] 3. **Macroeconomic Drivers**: Positive macroeconomic outlook with China and India expected to contribute to half of global economic growth in 2023 [4][5] 4. **Long-term Economic Growth**: Global economy projected to be 2.5 times larger by 2050, with significant contributions from China and India [6] 5. **Demand for Commodities**: Anticipated increase in demand for steel, copper, potash, and nickel due to urbanization and decarbonization trends [8][9] 6. **Investment Needs**: The copper industry requires approximately $250 billion in growth capital by the end of the decade, highlighting a significant shortfall in committed projects [9][10] 7. **Challenges in Supply**: Decrease in new copper discoveries since the 1990s, leading to a need for substantial capital investment to maintain production levels [11][12] 8. **BHP's Competitive Advantage**: BHP's large resource base, operational efficiency, and capital allocation framework provide a competitive edge in the industry [12][13] 9. **Growth Strategy**: Focus on enhancing productivity from existing assets while exploring new growth opportunities through acquisitions and exploration [15][16] 10. **Iron Ore Production**: BHP's Western Australian iron ore business is the lowest cost producer globally, with plans to increase production capacity [17][18] 11. **Potash Development**: Jansen Stage 1 is on track for production in late 2026, with plans for Stage 2 to add further capacity [19][20] 12. **Acquisition of OZ Minerals**: The acquisition is expected to unlock synergies and enhance copper and nickel production in South Australia [20][21] 13. **Operational Excellence Recognition**: BHP's operational excellence was recognized by the Shingo Institute, highlighting its commitment to continuous improvement [22] 14. **Capital Allocation Discipline**: BHP maintains a 50% minimum payout ratio for dividends, balancing shareholder returns with necessary investments for growth [43][44] Additional Important Content 1. **Decarbonization Trends**: The shift towards decarbonization is expected to increase demand for BHP's commodities, necessitating significant infrastructure investments [7][8] 2. **Market Positioning**: BHP aims to be a preferred partner for governments and stakeholders by managing its business sustainably and responsibly [25] 3. **Focus on Core Commodities**: BHP has chosen to focus on copper, nickel, and potash, while continuing to optimize its iron ore and metallurgical coal businesses [40][41] 4. **Lithium Market Stance**: BHP has opted not to participate in lithium due to concerns about long-term margin potential and the need for focused investment [38][39] This summary encapsulates the key insights and strategic directions discussed during the conference call, reflecting BHP's commitment to operational excellence, safety, and sustainable growth in the mining industry.
BHP Group (BHP) Presents At The BMO Global Metals, Mining & Critical Minerals Conference,
2023-03-02 18:19
Release Time IMMEDIATE Release Number 04/23 BMO METALS, MINING & CRITICAL MINERALS CONFERENCE A copy of the presentation slides is attached. Date 27 February 2023 NEWS RELEASE BHP CEO, Mike Henry, will present at the BMO Metals, Mining & Critical Minerals Conference at 8:00am US Eastern time on Monday 27 February 2023. The presentation slides and a transcript of Mike's speech will be available on BHP's website shortly after the presentation at: https://www.bhp.com/investors/presentations-events Media Relati ...
BHP(BHP) - 2023 Q2 - Earnings Call Transcript
2023-02-21 06:30
BHP Group Limited (NYSE:BHP) Q2 2023 Earnings Conference Call February 20, 2023 6:30 PM ET Company Participants Mike Henry - CEO David Lamont - CFO Conference Call Participants Operator Hello and thank you for joining us to hear about BHP’s results for the December 2022 Half Year. I’m joined by our Chief Financial Officer, David Lamont. I want to start by acknowledging the tragic loss of life of one of our team members, Jody Byrne, in our rail operations at Port Hedland, the week before last. My deepest sy ...
BHP(BHP) - 2023 Q2 - Quarterly Report
2023-02-20 16:00
• The Board has determined to pay an interim dividend of 90 US cents per share (or US$4.6 billion), equivalent to a 69% payout ratio. This release covers functions and assets (including those under exploration, projects in development or execution phases, sites and closed operations) that have been wholly owned and/or operated by BHP or that have been owned as a joint venture 1 operated by BHP (referred to in this release as 'operated assets' or 'operations') during the period from 1 July 2022 to 31 Decembe ...