BHP Group FY24 Earnings & Revenues Improve Y/Y on Higher Prices
BHP reports better-than-expected revenues and profits in fiscal 2024 aided by higher iron ore and copper prices and sales volumes.
BHP copper ambitions applauded by Jefferies
BHP‘s annual results were more or less in line with forecasts, said US bank Jefferies. Underlying profits [EBITDA] and net debt were slightly better while the dividend met expectations.
BHP expects ongoing volatility in metals markets due to China's property slump
BHP on Tuesday said it expects volatility in global commodity markets will continue throughout the remainder of 2024 due to the ongoing slump in China's economy and the troubles currently facing Europe's manufacturing sector.
BHP CEO expects a turnaround in China's property sector in year ahead
BHP's CEO Mike Henry said he expects China's property sector to rebound in the upcoming year on the back of favorable government policies. While acknowledging that the country's property sector is a "weak point" for steel demand, Henry is optimistic about Chinese government measures announced recently.
BHP Profit Trimmed After Bruising Asset Value Write Downs
Hefty write-downs bruised an otherwise strong profit for the year to June 30 by BHP, the world's biggest mining company.
BHP annual profit rises 2%, says open to higher debt for acquisitions
BHP Group reported a better-than-expected annual underlying profit on Tuesday due to growth at its iron ore and copper businesses and said it was comfortable with raising its debt target for any potential acquisitions.
BHP's failed bid for Anglo to dominate results suggests Jefferies
BHP Group Ltd (LSE:BHP, ASX:BHP), the Aussie mining titan, is scheduled to report results on the evening of August 26 (Tuesday) with strategy to be a key theme predicts US bank Jefferies. Expect the failed bid for Anglo American to figure prominently in the post-numbers discussion, it says.
Focus: BHP's return to Argentina marks new hope for untapped copper mines
A new incentive regime for mining in Argentina is attracting major players such as BHP, who are starting to eye the South American country as the world's next frontier for copper, more than half a dozen mining industry officials told Reuters.
BHP's quick strike fix sets tone for labor talks amid copper rally
Mining giant BHP's quick fix to a recent six-day strike at its huge Escondida copper mine in Chile could set the tone for upcoming negotiations elsewhere, with workers emboldened by high copper prices to push for a larger share of the profits.
Cingulate stock surges 115% after European patent approval for ADHD treatment: Is it a buy?
Cingulate Inc (NASDAQ: CING), a biopharmaceutical firm specializing in innovative ADHD treatments, experienced a remarkable surge in its stock price on Friday, with shares skyrocketing by 115%. This dramatic increase is attributed to the company's recent achievement of securing a European patent for CTx-1301, its flagship ADHD treatment.
Union at BHP's Escondida copper mine in Chile signs new deal, ending risk of strike
The union at Chile's Escondida copper mine, the world's largest, signed a deal on Sunday with BHP , ending the risk of a further strike that could have threatened global supplies of the red metal.
BHP says strike ends at huge Escondida copper mine
Global mining giant BHP has reached an agreement with a striking union at its massive Escondida copper mine in Chile, the firm said on Friday, which will see the three-day strike called off and defuse fears about a hit to global supplies of the metal.
