ASX Announcements
Notification regarding unquoted securities - BHP
Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)
- Nov 13, 2024
- 6 pages
Yesterday
Sharemarket smashes record with ASX tipped to test 8600
While Morgan Stanley has upped its 2025 price target for the ASX 200 helped by rotation into BHP and Rio Tinto, there’s a good chance the market may get there sooner.
- Updated
- Alex Gluyas
Rio Tinto faces $400m bill amid Pilbara native title water squeeze
The Yindjibarndi Aboriginal Corporation has asked officials to limit groundwater extraction, forcing big miners and gas developers to scramble for more supply.
- Peter Ker
This Month
Craving copper? $502m miner Marimaca preps ASX listing
Sources said CEO Hayden Locke has been encouraged by TSX-listed $C7.5 billion Capstone Copper’s ASX listing earlier this year and sees it as a template for Marimaca.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Coal miners halt climate fund donations citing lack of projects
Australia’s cashed-up coal miners have put the brakes on contributions to an industry decarbonisation fund and the decision will be reviewed “periodically”.
- Peter Ker
US dollar surge to wreak havoc on $A, commodities
The powerful rally in the greenback since the US election has prompted strategists to rapidly adjust currency forecasts as investors flee metals and the Aussie dollar.
- Alex Gluyas
Dutton’s tax surprise; Trump picks Musk; Borrowers ‘bank tax cuts’
Read everything that’s happened in the news so far today.
- Opinion
- US Votes 2024
Not everyone believes that a US-China trade war will smash Australia
Former BHP economist Huw McKay believes that the iron ore price will not necessarily suffer. The costs may come elsewhere.
- John Kehoe
US mining legend Robert Friedland plots ASX listing
The billionaire businessman says he will list his iron ore assets in Australia next year and will use an IPO to fund acquisitions of local critical minerals projects.
- Peter Ker
Incoming Westpac boss Miller poaches Wild from BHP
Anthony Miller has made his first move at the nation’s second-largest bank, recruiting his head of sustainability Fiona Wild from BHP.
- Lucas Baird
Billionaire pays $1.6b for Anglo’s stake in Qld mines
The tycoon already owns a share of the company behind the Jellinbah and Lake Vermont coal projects. He says the deal reflected his confidence in the industry.
- Peter Ker
The Australian companies paying the most – and least – tax
Miners paid more corporate tax than all other sectors of the economy combined in 2022-23, according to new data from the Australian Taxation Office.
- Tom McIlroy
October
BHP backpedals from chairman’s Anglo American takeover talk
BHP has not necessarily “moved on” from its desire to acquire Anglo American, based on the company’s legal response to comments by chairman Ken MacKenzie.
- Peter Ker
BHP boss warns Labor’s IR laws will breed more conflict
Mike Henry says controversial workplace changes allow for greater industrial conflicts as the prime minister flags they will be a key battleground in the next election.
- David Marin-Guzman
BHP grooming ‘internal candidates’ for chairman, CEO succession
BHP chairman Ken MacKenzie says directors of the miner will discuss whether it’s time for a new chairman in 2025.
- Tess Bennett and Peter Ker
Lynas Rare Earths cuts production as prices languish
Lynas Rare Earths has posted lower quarterly revenue and cut production as demand for electric vehicles slows.
- Mark Wembridge
Losing same job, same pay would be a ‘disaster’: mining union boss
The head of the mining and energy union has told an audience including the prime minister it will fight any moves by the Coalition to repeal the laws.
- David Marin-Guzman
- Analysis
- Mining
Inside the contest to succeed Ken MacKenzie at the top of BHP
It has been one of the most coveted prizes in corporate life. The next chairman of the Big Australian will have profound influence on the entire market.
- Patrick Durkin
- Opinion
- Mining
We’ve made significant progress cleaning up Samarco disaster: BHP
Years in the making, an agreement to deliver $48 billion to the Brazilian people is a moment of reflection, writes BHP’s chief legal officer.
- Caroline Cox
‘I have let you down’: Fortescue’s Hutchinson apologises to gay staff
Fortescue chairman Andrew Forrest says his leaders are required to back equality, prompting a mea culpa from energy boss Mark Hutchinson.
- Peter Ker
BHP chairman Ken MacKenzie eyes the end of his rule
Ken MacKenzie is expected to retire next year as he prepares to honour the informal nine-year limit he imposed on director terms at the mining giant.
- Peter Ker