BHP Reports 23% Decline in Earnings in First Half of FY25
BHP witnesses a year-over-year decline in revenues in the first half of fiscal 2025 due to lower iron, somewhat offset by higher copper prices.
BHP fails to shake ‘sell' rating as analysts flag growing debt
BHP Group Ltd did little to impress as it cut its dividend on lower first half profits, leaving Panmure Liberum analysts reiterating a ‘sell' rating for the miner. Though expected, according to Panmure, BHP had slashed its interim dividend by US$0.22 to US$0.50 to reflect an eight-year low on Tuesday.
BHP CEO: China's commodity intensive sectors are performing 'strongly'
Mike Henry, CEO of BHP, says the miner is well positioned for opportunities in the copper sector, and adds that it is positive on the outlook for China's commodity-intensive sectors.
BHP slides as weak iron ore prices eat into profit, dividend slashed
BHP Group Ltd shares headed lower on Tuesday after the miner unveiled a slump in profit and cut its dividend on the back of weak iron ore prices. Underlying attributable profit sank 23% to US$5.1 billion (£4.0 billion) in the six months to December 31 on an 8% drop in revenue to US$25.2 billion, BHP reported on Tuesday.
BHP CEO: Well-Placed for Heightened Uncertainty
BHP's first-half profit fell 23% due to China's faltering economy prompting the world's biggest public miner to cut its interim dividend to an eight-year low. But CEO Mike Henry struck a positive tone saying that he's "starting to see green shoots" in China's property sector and that demand for BHP's products remains strong despite global economic and trade uncertainties.
Anglo American: BHP Might Circle Back After Low-Hanging Fruit Harvested
Anglo American is shedding De Beers and PGM businesses to focus on copper and iron ore, making it more attractive for a potential BHP bid. The company is also divesting its Nickel and metallurgical coal businesses, with significant cost savings and operational efficiencies expected from all these moves. De Beers, in particular, looks unattractive due to secular issues and its exposure to luxury markets, which are weighed down by China's deleveraging, even as signs of recovery emerge in the luxury sector.
Anglo American tumbles as BHP holds off on bids
Anglo American PLC fell nearly 6% on Monday following reports rival BHP Group Ltd was holding off from making another bid for the miner. According to the Financial Times, a 40% rise in Anglo's share price over the past year had deterred the Australian group.
BHP Posts 1H25 Production: Iron Ore Inches Up 1% Y/Y, Copper Rises 10%
BHP reports iron ore production of around 131 Mt in 1H25. The miner expects FY25 production between 255 Mt and 265.5 Mt.
Orogen Royalties Participates in BHP's 2025 Xplor Accelerator Program
VANCOUVER, BC / ACCESSWIRE / January 6, 2025 / (TSX.V:OGN)(OTCQX:OGNRF) Orogen Royalties Inc. ("Orogen" or the "Company") is pleased to announce the Company has been selected to participate in the BHP 2025 Xplor program for generative exploration in western North America. Program Highlights Orogen is one of eight exploration companies selected by BHP from hundreds of applicants to participate in the 2025 BHP Xplor program The transaction provides Orogen entry into a new area for generative exploration while gaining access to BHP's global expertise, networks and partnerships BHP will gain exposure to Orogen's talented exploration team with a track record of exploration discovery in western North America Orogen will receive a one-off, non-dilutive grant of approximately US$500,000 and in-kind services with BHP and other industry experts and investors Funding will enable both parties to jointly build out geological concepts and design programs to accelerate exploration Orogen's CEO, Paddy Nicol commented, "BHP's participation in our generative programs is an exciting opportunity for Orogen and a strong endorsement of our exploration team.
Bryn Talkington's year-end portfolio check-in
Bryn Talkington, managing partner at Requisite Capital Management, joins CNBC's "Halftime Report" to give an update on her portfolio.
New Strong Sell Stocks for December 24th
BHP, PLOW and HLIO have been added to the Zacks Rank #5 (Strong Sell) List on December 24, 2024.
G Mining Ventures completes acquisition of CentroGold project from BHP
G Mining Ventures Corp (TSX:GMIN, OTCQX:GMINF) announced on Friday the completion of its acquisition of tenements in Brazil's Gurupi Gold Belt from subsidiaries of BHP Group. The deal gives G Mining full ownership of the CentroGold Project, a key asset with significant gold reserves and expansion potential.
