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BHP - BHP Group

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Yes I am lucky in that sense. There is always a BUT. Previous to this $46 plus hold, I owned a parcel of $36+ n sold at $38+.
Re entered again at $36+ n waited a bit longer to exit at $40+. The final reentry at $46+ n still holding it for the $2+ div, cld it reach $55 to exit or deflated to $20 mentioned by divs4ever? In hind sight, how sweet it would have been if I was still holding the $36+ parcel.
Well you win some n you loss some....money makes the world go round...
 
Rabbithop said:
Would that low price happen again...more than 50% discount...??‍♂️?
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MAYBE .. when you look back and see BHP is a much smaller company now ( asset-wise ) there is no reason to exclude the possibility ( as small as it maybe ) political problems are possible in South America impacting the copper and iron projects there OR conversely doing business in that arena because easily reducing the commodity prices , or China may further slow it's own growth trimming demand at least until other manufacturing hubs grow , for example what is iron ore really worth say $US 60 or $US 70 a tonne , coal will become less of a cash cow in time , the so called phosphate arm which may or may not become profitable

back then ( with the cheap share price ) you had the shale projects , what became S32 , the oil/gas/petroleum arm

AND the unified company structure while incurring less corporate costs ( allegedly ) makes the share price easily to manipulate
 
Rabbithop said:
Yes I am lucky in that sense. There is always a BUT. Previous to this $46 plus hold, I owned a parcel of $36+ n sold at $38+.
Re entered again at $36+ n waited a bit longer to exit at $40+. The final reentry at $46+ n still holding it for the $2+ div, cld it reach $55 to exit or deflated to $20 mentioned by divs4ever? In hind sight, how sweet it would have been if I was still holding the $36+ parcel.
Well you win some n you loss some....money makes the world go round...
Click to expand...

i selected BHP as a 'core holding ' thinking that if BHP failed Australia would be in a VERY dark place , but instead BHP through various means has become a much smaller company and therefore POSSIBLY getting into the realm of a leveraged take-over target ( using BHP's future cash-flow against them )

time will tell , but lets see if those $US 1.50 ( per six months ) are sustainable or international pressure forces them to pay quarterly divs
 
You are right the Mapuche Indians getting restless. I just scan thru ABC or was it iView and caught a bit of the documentary about the Indians. Will catch up on the weekend
 
divs4ever said:
will be interesting to see what 'union ' means in Chile

unions are nothing like they claim to be in Australia
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In Australia, the far left communist bunch has had to rebrand itself as Greens
In Chile, due to the Pinochet period, and an old french/spanish style inteligencia..in "".. we have still some pretty Marxist bunches. Unions calling for revolution and victory of the proletariat.
Put these guys talking to local undereducated, exploited...(really..not lgbt style exploitation ) and dirt poor native Indian population..
And you got a Che Guevara / Venezuela scenario.
If copper and lithium are the new oil, Chile will be the next Venezuela.my bet
Pray for them
 
i know several dirt , poor uneducated folks that are as smart as a whip , what are the chances those natives are being sold a Sydney bridge by some bureaucrats and government officials ( so all the natives get is the pollution and taxes )

surely BHP aren't foolish enough to cause themselves extra complications
 
It's Snake Pliskin said:
I was reading today about predicted price weakness for BHP in the next week. I don't hold any yet. Who might see any further price weakness as a good opportunity to buy? Generally I'm probably a bit negative on the resource stocks due to their well known booms and busts. I'm aware of the China story, but am realistic enough to know that it may not last beyond 2005.

The last round of price negotiations soured the relationship between BHP and China. Knowing the business style of the Chinese, I feel BHP may have done itself some damage long term.

Who sees RIO as a better alternative BHP long term?
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If you hear anything please let me know. All Market analysis are commenting that recourses are the place to be for the remainder of the year.
 
BHP expects to deliver less copper and nickel than previously anticipated, in part due to workforce issues related to COVID-19, social unrest close to its mines and workforce shortages, the company said in the March quarter update released on Thursday.

Production for iron ore, metallurgical coal and energy coal remains on track remains on track to meet full-year forecasts. However, the company has clipped back its copper production guidance to between 1,570 and 1,620kt, down from 1,590 - 1,760kt.

Nickel production is set to come in between 80 and 85kt, down from 85 to 95kt under the prior guidance.
  • The pressures facing copper production relate to its Escondida mine in Chile, which has faced “COVID-19 workforce impacts and public road blockades as a result of social unrest.”
  • The issues facing its nickel production operations reflect “temporary labour constraints due to COVID-19 related absenteeism and workforce shortages.”
 
BHP is a big fish and it has been hungry for copper and nickel for some time now. It wouldn't surprise me if they try and increase reserves and production through acquisition of other smaller producers and advanced stage explorers. They certainly have the cash to do it.

I think we will see a lot of M&A in the resources sector in the next couple of years as the big fish try and shore up their reserves of certain metals in anticipation of increased demand. Copper and nickel are two of the most obvious candidates
 
Conspicuously, the world’s biggest mining company has no plans to join the Lithium rush.

While lithium mining is “definitely within our skill set,” BHP prefers its projects to be large, long-life and scalable in commodities with differentiated cost curves, said the company’s Minerals Americas head.

The fact that low-cost lithium deposits tend to come from brine in places like Chile and Argentina is another deterrent for the Melbourne-based miner, which has committed to minimising the use of continental water in drought-hit Chile.
“We recognise that at the moment there’s short-term supply-demand conversations,” Ragnar Udd said in an interview. “How that plays out over the next 20 or 30 years, I don’t think it will last.”
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- Bloomberg
 
Dona Ferentes said:
Conspicuously, the world’s biggest mining company has no plans to join the Lithium rush.

While lithium mining is “definitely within our skill set,” BHP prefers its projects to be large, long-life and scalable in commodities with differentiated cost curves, said the company’s Minerals Americas head.

The fact that low-cost lithium deposits tend to come from brine in places like Chile and Argentina is another deterrent for the Melbourne-based miner, which has committed to minimising the use of continental water in drought-hit Chile.


- Bloomberg
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When was this declared?

My info from 1/4/2022 -

BHP, Capricorn back startup promising cleaner lithium mining​


Capricorn Investment Group and BHP Group’s venture capital unit are backing a startup that says its processes make for cleaner and more efficient mining in lithium, the metal used in electric-vehicle batteries.
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Summit Nanotech Corp. said in a statement that it closed on a $14 million investment round co-led by Capricorn’s Technology Impact Fund and Temasek’s Xora Innovation, along with BHP Ventures. Funds will be used to help commercialize Summit’s technology


Summit is tapping into an accelerating race among mining heavyweights and automakers to control more supplies of raw materials that are key to transitioning to low-carbon energy sources. Investors are pressing miners to ensure that battery metals including lithium, nickel and cobalt are produced ethically and in an environmentally friendly way amid a global push to reduce pollution in worldwide economies.
The Calgary-based startup also plans to raise at least $100 million in series B funding by the end of this year or early next year and has already engaged in talks with three automakers, according to Founder and Chief Executive Officer Amanda Hall.

www.mining.com

BHP, Capricorn back startup promising cleaner lithium mining

The Calgary-based startup also plans to raise at least $100 million in series B funding by the end of this year or early next year.
www.mining.com www.mining.com
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www.mining.com

BHP, Capricorn back startup promising cleaner lithium mining

The Calgary-based startup also plans to raise at least $100 million in series B funding by the end of this year or early next year.
www.mining.com www.mining.com
 
bit of a difference between BHP Group’s venture capital unit and the company going after large-scale lithium extraction (BHP prefers its projects to be large, long-life and scalable).

The article was from Bloomberg and appeared over the weekend
 
JohnDe said:
When was this declared?

My info from 1/4/2022 -



www.mining.com

BHP, Capricorn back startup promising cleaner lithium mining

The Calgary-based startup also plans to raise at least $100 million in series B funding by the end of this year or early next year.
www.mining.com www.mining.com
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well i missed both mining.com articles

but then lithium is not currently high my interest list , i suspect a different technology will grab the majority of the mobile ( auto , and bike/scooter ) market

cheers
 
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