Group 1: BHP Group Limited - BHP Group Limited reported a strong first-half underlying profit of $6.20 billion and a net income of $5.64 billion, maintaining its full-year output guidance and declaring an interim dividend of $0.73 per share, supported by an EBITDA of $15.46 billion [2][13] - BHP announced a significant $4.3 billion silver streaming deal with Wheaton Precious Metals Corp., providing a substantial capital injection as the company optimizes its global portfolio [3][13] Group 2: Woodside Energy Group Ltd - Woodside Energy Group Ltd reported its annual reserves statement, confirming a resilient resource base with 1,882.1 million barrels of oil equivalent (MMboe) in proved reserves and 2,999.5 MMboe in proved plus probable reserves as of year-end 2025 [4][13] - The company has 5,795.7 MMboe in contingent resources, indicating a strong pipeline for future development, focusing on maximizing value from its Australian and international assets, including the Sangomar and Scarborough projects [5] Group 3: Economic and Geopolitical Context - New Zealand experienced a sharp 2.5% month-on-month increase in food prices for January, marking the largest monthly increase since 2022, driven by rising costs for groceries and produce, indicating persistent inflationary pressure [10][11][13] - The US is intensifying military pressure on Iran by deploying a second aircraft carrier strike group ahead of critical diplomatic negotiations, with markets closely monitoring the situation for potential impacts on global oil supply and regional stability [6][7][13]

Core Viewpoint - BHP Group Ltd reported strong FY26 half-year results, driven by increased copper and iron ore prices, despite challenges in coal production and pricing [1][2][9]. Financial Performance - Revenue increased by 11% to US$27.9 billion, primarily due to higher copper prices [2][9]. - Underlying EBITDA rose 25% to US$15.5 billion, with profit from operations climbing 34% to US$12.3 billion [9]. - Attributable profit increased by 28% to US$5.6 billion, and operating cash flow rose 13% to US$9.4 billion [9]. - Free cash flow climbed 10% to US$2.9 billion, and interim dividend per share increased by 46% to US$0.73 [9]. Commodity Performance - Copper prices surged by 32% to US$5.28 per pound, contributing significantly to EBITDA, which soared 59% to US$8 billion [2]. - Iron ore's average realized price increased by 4% to US$84.71 per wet metric tonne, with production up 2% to 134 million tonnes, leading to a 4% increase in iron ore's underlying EBITDA to US$7.5 billion [3]. - Steelmaking coal production increased by 2% to 9.2 million tonnes, but the average realized price fell by 9% to US$188.58 per tonne, resulting in a 60% drop in coal underlying EBITDA to US$0.2 billion [4]. - Energy coal production rose by 10% to 8.1 million tonnes, with a 23% decline in average realized price to US$95.76 per tonne [4]. Potash Development - The Jansen stage 1 potash project is 75% complete, with stage 2 at 14% completion; potash prices increased by 30% during the HY26 period due to strong demand [5]. Future Outlook - BHP anticipates robust demand for commodities, particularly copper, with expectations of a tight market due to global grade declines and slow mine development [6][7]. - Global iron ore and steel demand is expected to remain stable in the short term, with slight reductions in China offset by growth in emerging economies [8].

Many of the victims in the hamlet of Tumbler Ridge, B.C., have links to Conuma Resources, a U.S.-backed coal company which temporarily halted mining last week https://t.co/HZ3yQ44sk1 ...

BHP Group’s earnings for the six months to December rose by more than a fifth thanks to a surge in copper prices, even as plateauing demand in China weighed on its iron ore and steelmaking coal businesses. https://t.co/tZmiSaRNdy ...

Core Viewpoint - Northern Dynasty Minerals Ltd. and its subsidiary Pebble Limited Partnership are providing an update on court-mandated timelines for ongoing litigation in the Federal District Court in Alaska [1] Group 1 - The company is involved in legal proceedings that are significant for its operations and future projects [1] - The update pertains to timelines set by the court, indicating ongoing legal processes that may impact the company's activities [1]

Stability + Growth = Value Half year ended 31 December 2025 For personal use only Escondida Disclaimer The information in this presentation is current as at 17 February 2026. It is in summary form and is not necessarily complete. It should be read together with the BHP Results for the half year ended 31 December 2025. Forward-looking statements This presentation contains forward-looking statements, which involve risks and uncertainties. Forward-looking statements include all statements other than statements ...

Core Viewpoint - Pardee Resources Company faces significant operational challenges as Greenbrier Minerals plans to idle seven coal mines, leading to layoffs of 530 employees due to adverse market conditions, which will negatively impact the company's revenue projections for 2026 [1] Group 1: Company Operations - Greenbrier Minerals issued a Worker Adjustment Retraining Notification indicating the idling of seven coal mines, including those on Pardee's Logan County property [1] - The layoffs are expected to begin around mid-April 2026, affecting 530 employees [1] - The mines were projected to generate between $4-5 million in revenues for the full year 2026 [1] Group 2: Market Conditions - The decision to idle the mines is attributed to "the current adverse market conditions" impacting the coal industry [1] - Pardee Resources Company is committed to replacing the lost production but acknowledges the uncertainty of achieving this goal [1]

Geopolitical Developments - The "Trump Trade" has transformed into a complex scenario involving Arctic land acquisitions, Middle Eastern reconstruction, and digital currency ETFs as of February 16, 2026 [1] - Danish Prime Minister Mette Frederiksen confirmed that Donald Trump is serious about acquiring Greenland, despite the Danish government's stance that it is not for sale [2] Market Reactions - Investors in NEM and FCX are showing interest in Greenland's mineral reserves, with NEM up 0.8% and FCX up 1.4% [2] - Defense contractors LMT and NOC experienced minor dips of 0.4% and 0.2% respectively as the market assessed the implications of Arctic defense [3] - The Danish Krone increased by 0.3% against the dollar amid speculation about a potential Greenland deal [4] Infrastructure and Investment - The formation of a "Board of Peace" has led to $5 billion in pledges for Gaza reconstruction, positively impacting shares of CAT and VMC, which rose by 2.1% and 1.8% respectively [5] - The announcement of the Board of Peace has generated optimism in the VGK ETF, which tracks European stocks, as it represents a significant international investment [6] Cryptocurrency Developments - Truth Social has filed for Bitcoin, Ether, and Cronos ETF listings, causing Bitcoin to rise by 2.5% and briefly reach $72,000 [7] - DJT shares fell by 4.2% as investors recognized the challenges of ETF approval despite the positive market reaction to the filing [8] Trade Policy Changes - The House of Representatives voted to eliminate punitive tariffs on Canada, leading to a 3.1% increase in GM shares and a 2.7% increase in Ford shares [9] - The Canadian Dollar rose by 0.8% against the USD following the tariff vote, indicating a temporary easing of trade tensions [10] Market Sentiment - The DOW increased by 0.2% while the NASDAQ decreased by 0.1%, reflecting a cautious market attitude amid ongoing geopolitical and economic developments [12]

Core Insights - Albemarle Corporation (ALB) has decided to idle Train 1 at its Kemerton lithium hydroxide processing plant in Western Australia, placing it into care and maintenance immediately. This follows the idling of Train 2 and the halting of expansion plans for Trains 3 and 4 in 2024 [1][8]. Group 1: Company Operations - The Kemerton facility processes spodumene from the Greenbushes mine, which is recognized as one of the world's best lithium deposits. Albemarle has a stake and half of the offtake rights from Greenbushes through a joint venture [2]. - The decision to idle the trains is part of Albemarle's ongoing efforts over the past two and a half years to reduce operating costs amid price volatility in the lithium market. The recent improvements in lithium prices have not been sufficient to address the challenges faced by Western hard-rock lithium conversion operations [3]. Group 2: Financial Outlook - The company anticipates that the idling of Train 1 will provide higher flexibility and optionality, benefiting adjusted EBITDA starting in the second quarter of 2026. There is no expected impact on projected sales volumes for 2026 [4]. - Albemarle's stock has seen a significant increase of 104.8% over the past year, contrasting with a 13.3% decline in the industry [6]. Group 3: Market Position - Albemarle currently holds a Zacks Rank of 1 (Strong Buy), indicating a favorable market position. Other top-ranked stocks in the Basic Materials sector include Coeur Mining, Inc. (CDE), Fortuna Mining Corp. (FSM), and Avino Silver & Gold Mines Ltd. (ASM) [7].

Core Insights - Troubadour Resources has completed the initial phase of its multi-phase drilling program at the Senneville gold-silver-copper property in Quebec, Canada, with assay results from seven drill-holes showing no significant mineralisation and failing to confirm continuity with previously discovered mineralisation [1][2]. Exploration Strategy - Despite the disappointing results, the data obtained will assist in guiding future exploration efforts by identifying more promising areas for resource allocation [2]. - The company is reassessing the reasons for the lack of mineralised zones in the drill-holes and plans to reinterpret geophysical survey data and conduct detailed structural analysis to locate potential offsets or missed zones [2][3]. Future Plans - Troubadour intends to conduct additional surface exploration, including soil and till sampling, to identify new anomalies that could establish future drill targets [3]. - Further geophysical surveys will be designed to pinpoint chargeability anomalies indicative of mineralised structures for upcoming drilling campaigns, refining target areas by excluding barren zones and focusing on high-priority, drill-ready sites [3]. Drilling Details - The phase one drilling focused on the east side of the Gustav Cere showing, extending up to 500 meters based on recent induced polarisation (IP) survey data, with approximately 1,000 meters drilled across seven holes targeting near-surface deposits [4]. Property Overview - As of October 2024, the Senneville property consists of 230 mineral claims covering more than 130 square kilometers, with future exploration prioritizing high-potential zones such as Vert Lake, Val Saint George, Contact, Golden Island Fault, and Millieu Lake Batholite [5].