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Glencore Incoming CEO Says Company Structure Does Not Require Major Changes
BHP Posts HY Underlying Attributable Profit $6,036 Mln
BHP Group Says FY Iron Ore Guidance Increased To Between 245 Mt & 255 Mt
BHP Group Ltd, formerly BHP Billiton Ltd, is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas. The Copper segment is engaged in mining of copper, silver, lead, zinc, molybdenum, uranium and gold. The Iron Ore segment is engaged in mining of iron ore. The Coal segment is engaged in mining of metallurgical coal and thermal (energy) coal. Its businesses include Minerals Australia, Minerals Americas, Petroleum and Marketing. The Company extracts and processes minerals, oil and gas from its production operations located primarily in Australia and the Americas. The Company manages product distribution through its global logistics chain, including freight and pipeline transportation.
Shop 16 171 Collins St
Kenneth Norman MacKenzie
Independent Non-Executive Chairman of the Board
Chief Executive Officer, Executive Director
Chief Financial Officer
Edgar Basto Baez
President - Minerals Australia
President - Operations, Minerals Americas
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BHP Group on Tuesday reported its best first-half profit in seven years and declared a record interim dividend, as top metals user China's strong appetite for iron ore to support its infrastructure push kept prices elevated.
Australian shares rose on Tuesday to their highest in nearly a year, driven by BHP Group after the miner posted strong profit and declared a record interim dividend, while a surge in commodity prices further lifted mining and energy stocks.
Global miner BHP said on Monday it expected to hit full capacity production following the expansion of its Spence copper mine within 12 months and be producing 300,000 tonnes per year up until at least 2026.
BHP Group said on Wednesday it would invest up to $15 million over five years as part of a deal with Japan's JFE Steel to look at technologies and other ways to lower emissions from the steel-making process.
The operations of global miner BHP's Cerro Colorado copper mine in water-parched northern Chile have been thrown into doubt after the country's Supreme Court upheld local indigenous communities' complaint about the project's water use.
A leading British local government pension group has urged mining giants Rio Tinto and BHP to clarify how they intend to protect the environment in and around an Arizona copper project that is opposed by many Native American tribes.
Chile's Spence copper mine, owned by BHP Group Ltd, said on Saturday it had struck an early deal with its union of supervisors on a contract that will run until November 2023.
Brazilian federal prosecutors have filed a lawsuit contesting a compensation package for victims from a 2015 collapsed dam jointly owned by mining giants BHP and Vale, arguing that the package is far too low.
Brazilian federal prosecutors have accused mining giants BHP and Vale of colluding with a lawyer to reduce compensation for victims of a fatal dam collapse and interfere with a landmark lawsuit against BHP in the UK.
* Miner scraps $2.5 bln Olympic Dam copper growth plan on costs
BHP Group Ltd posted a 7.2% rise in first-quarter iron ore production on Tuesday, underpinned by stable demand from China, the world's top consumer of the steelmaking ingredient.
The union of supervisors at Chile's Escondida mine rejected BHP's final offer in contract negotiations on Friday, but the mining company said it would nonetheless meet again with the union in a last-ditch effort to stave off a strike.
The union of supervisors at Chile's Escondida mine, the world's largest copper deposit, began voting on Thursday on a new contract offer from majority owner BHP Group Ltd in a bid to stave off a strike.
BHP Group Ltd has suspended its membership of an Australian state mining lobby group that has campaigned against the Greens political party ahead of an election this month in coal-rich Queensland state.
BHP Group Ltd has suspended its membership of an Australian state mining lobby group which has campaigned against the Greens political party ahead of an election in the coal-rich state of Queensland this month.
Global miner BHP Group said on Tuesday it has signed an agreement to use more renewable energy at its coal mines in Australia's Queensland state which it expects will help it cut its indirect emissions such as those from fuel and power in the country by 20% in five years.
It may be a bit of an oversimplification, but in the current situation of the global coronavirus pandemic the world of commodities is effectively split between China and the rest.
BHP Group said on Friday it will closely monitor the work of industry associations to ensure they match its climate position on keeping the world's warming to less than 2 degrees Celsius.
BHP Group must commit to not damaging Aboriginal cultural sites as its expands its mining operations while a review of Australian heritage law is carried out, a shareholder group said in a resolution filed on Thursday.
The BHP Group mining company must commit to not damaging Aboriginal cultural sites as its expands its operations while a review of Australian heritage law is carried out, a shareholder group said in a resolution filed on Thursday.
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