BHP Group is a global mining giant with strong financial performance, offering a 5% dividend yield, making it attractive for income-focused investors. Copper and iron ore are BHP's primary revenue drivers, benefiting from clean energy expansion, AI adoption, and China's economic stimulus measures. Despite challenges in coal and nickel, BHP's profitability remains robust, with copper and iron ore contributing over 95% of earnings.
BHP said on Wednesday that allegations a pursuit of profit over safety contributed to Brazil's worst environmental disaster were "far-fetched and unjustified", as the miner opened its defence to a mammoth lawsuit at London's High Court.
A hearing in a lawsuit against BHP over Brazil's worst environmental disaster, the 2015 collapse of the Mariana dam, will begin at London's High Court on Monday, with claimants seeking up to 36 billion pounds ($47 billion) in damages.
BHP reports iron ore production of around 65 Mt in the first quarter of fiscal 2025. The miner expects production in fiscal 2025 to be between 255 Mt and 265.5 Mt.
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has appointed senior BHP executive Sonia Scarselli as its new Executive VP of Exploration from the start of December. Scarselli is VP at both BHP Exploration and BHP Xplor, leading its global exploration programme and the exploration Accelerator Programme respectively.
BHP announces plans to trial Caterpillar's Dynamic Energy Transfer system on battery electric and diesel-electric mining trucks at its sites.
BHP Group said on Thursday it plans to test U.S.-based equipment manufacturer Caterpillar's new technology, which transfers energy to diesel-electric and battery-electric large mining trucks while they are working on a mine site.
Plans for two new nickel trading platforms to challenge the London Metal Exchange (LME) have been blown off course by BHP's planned suspension of its plants in Western Australia, which has prevented it from committing to them.
A sector of the market has pulled back meaningfully over the past three months. However, it offers very attractive dividends and has a very bullish long-term outlook, backed by numerous macro trends. I share some of my top picks in the sector right now.
BHP Group's expansion plans for Olympic Dam is set to double its copper production in South Australia by the mid-2030s.
When investors think of commodities and their long-term demand cycles, gold and silver often come to mind as investments that can take advantage of the market's long-term upside. However, the answer to aligning a portfolio with a long-term winning commodity involves figuring out which leading economy relies on which commodity and how steady the demand could be.
BHP Group Limited (NYSE:BHP ) Q4 2024 Results Conference Call August 26, 2024 6:30 PM ET Company Participants Mike Henry - Chief Executive Officer Vandita Pant - Chief Financial Officer Tristan Lovegrove - Group Investor Relations Officer Conference Call Participants Paul Young - Goldman Sachs Lyndon Fagan - JP Morgan Rahul Anand - Morgan Stanley James Redfern - Bank of America Kaan Peker - RBC Rob Stein - Macquarie Lachlan Shaw - UBS Paul McTaggart - Citigroup Glyn Lawcock - Barrenjoey Lyndon Fagan - JPMorgan Mike Henry Hello and thank you for joining us to hear about BHP's Results for the 2024 Financial Year. I'm joined by our Chief Financial Officer, Vandita Pant.