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BHP - BHP Group

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And bhp has just offloaded its coking coal in Qld to now get back all the anglo mines..you could not dream it ...
Disclaimer I once worked in Bma and anglo mines in the Bowen basin
Now is bhp going to try to sell anglo coal to WHC, hum dubious and if not who is going to buy them ...let me get guess start with chi and finish by na.
Bets are on
 
maybe Ind and ends in ia , China has solar by the short hairs and isn't so slow at building more nuclear

if neither of those , maybe Vietnam has room to grow
 
Looks like BHP have been planning this for quite a while. They have several reasons to take a majority share in Anglo America, but they don’t want all the parts and will probably sell parts of it.

Copper is scarce but used in most electronics, and is important for BHP in a period of rampant technology advancement, energy transition and a move towards electric vehicles.​

The Australian giant has had less exposure to the commodity than it would like.​

Its coal assets, many of which are in Australia, are throwing off a lot of cash for steel production and will fund growth for the time being until Chinese steel production ultimately comes off the boil.​

Platinum will be in lower demand in the future, as it’s a commodity used in vehicles but not needed for electric ones, hence BHP’s likely decision to side step that part of the business.​




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my only ( mostly) copper play is AIS , and i would expect SOL to hold out for a good price , since they own 20+%

i hold AIS and BHP
 
From 2022; BHP walked, I wonder what Twiggy's writedown is.

" .... Wyloo Metals wunderkind Luca Giacovazzi has made a lot of money for Andrew Forrest since making his first big pitch to the iron ore billionaire, and he might end up costing BHP plenty.
Giacovazzi, then just 27, called his first presentation slide pack Nickel: Get its mojo back in what was a risky move given Forrest’s painful memories from his Anaconda Nickel venture.

In the 3½ years since, Giacovazzi has won a bruising takeover battle with BHP over Noront Resources .....

There’s a heavy weighting to key battery ingredient nickel and big plans for rare earths as Wyloo emerges as the green minerals cousin to Forrest’s hydrogen business being spawned out of Fortescue Metals Group in an ambitious assault on the global decarbonisation challenge.
Wyloo, part of the Forrest family’s private investment arm Tattarang, started with a mixed bag of assets valued at $15 million.
It is estimated the value of the portfolio is now about $700 million and that excludes Noront, which – if all goes to plan for Wyloo in Ontario, Canada – could become a multibillion-dollar asset.

or maybe not
 
The takeover offer is conditional on Anglo, which has more than 35,000 workers in South Africa, achieving the spin-off of Amplats, the platinum business, and Kumba, the Iron Ore producer.. In particular, the demerger of Kumba is seen as important in overcoming any antitrust barriers to BHP’s acquisition.
 
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