Peabody preferred bidder for BHP coal assets
A sale of BHP’s coal mining assets to Peabody Energy could be close.
A sale of BHP’s coal mining assets to Peabody Energy could be close.
BHP, Whitehaven Coal and Origin Energy are all facing pressure on climate initiatives from shareholders.
ASX jumps to record close ahead of US jobs data. IT sector gains, Afterpay up 5.5%. Investors bought dips on iron ore miners. News Corp higher. RBA backs economy rebound.
Woodside has increased the budget for its giant Scarborough gas project off Western Australia to $16.2bn, amid cost pressures.
The next move for Eddy Haegel has been the talk of Diggers this week with extraordinary secrecy around his new role.
BHP has ticked off on a major expansion of the processing plant at a key nickel mine in Western Australia as it invests further in battery metals.
ASX 200 has closed 0.2 per cent lower, hurt by mining stocks BHP and Whitehaven. Qantas also fell after standing down 2500 crew. Afterpay extended gains. Reserve Bank left rates unchanged.
Workers at BHP’s La Escondida copper mine in Chile have voted to strike, threatening disruption to supply of the key metal.
Behind an avalanche of cash and profits, BHP is undergoing a revision of its strategies and a different mining powerhouse may emerge.
Australia’s prosperity is now totally dependent on China, the major buyer and price setter for the almost one billion tonnes of iron ore we shipped north over the past year.
Stocks finish up 0.5 per cent, led by mining heavyweights BHP, Rio Tinto and Fortescue Metals. China’s market rallied as government sought to calm investor jitters.
More speculation continues to trickle out into the market about a possible acquisition by Woodside of BHP’s petroleum business.
BHP has suffered a setback in its efforts to see off a £5bn claim class action over the 2015 Samarco dam disaster.
BHP and Rio Tinto have opened the coffers in an attempt to muscle in on the global battery metals supply chain.
The world’s second richest man and biggest mining company have inked a deal to bring Australian metal into battery technology as electric car demand soars.
Australia’s sharemarket rose 1.1% to a record high close, with BHP leading the way, finishing up 3.1%.
Australia’s oil and gas industry faces its biggest shake-up in a generation with a wave of M&A activity poised to reshape the sector.
Speculation is mounting that Woodside Petroleum is in talks with BHP about acquiring oil assets.
The world’s biggest mining group is said to be considering getting out of oil production as investors turn against fossil fuels.
Australia’s S&P/ASX 200 share index closed up 0.8% at 7308.7 points after hitting a 4-day high of 7354.8 on strong US gains.
In the battle of the Pilbara iron ore behemoths, BHP’s iron ore operations are clearly cruising ahead.
The Olympic Dam mine in South Australia’s Far North has had a bumper year, producing its best results since BHP bought it in 2005.
BHP expects China’s moratorium on Australian coal will last for years, even as its iron ore demand drives record Pilbara production.
Stocks recovered nearly all their early losses by lunch but closed in the red. Blow for Crown, BHP record quarter, JB Hi-Fi surges, Santos in Oil Search merger offer.
ASX 200 suffers biggest one-day fall in the past four weeks, down 0.9% at the close. Oil Search boss quits. Super funds booming. Rents rising fast. Altium, Nick Scali respond to reports.
Australian shares rose strongly on light volume after China’s liquidity boost late Friday boosted global markets and investors brushed off Sydney’s worsening Covid outbreak and the prospect of an extended lockdown.
BHP Minerals Australia boss Edgar Basto has backed calls for a new debate on productivity reform and has thrown his support behind a Business Council of Australia blueprint.
The Elliott Management-backed Peabody Energy is getting serious about buying BHP’s Australian coal mines, as it calls on the services of a second adviser.
The RBA has held the cash rate steady, while the ASX 200 has dipped from its early gains. BHP up after iron ore price gain. Westpac sells NZ life insurance business.
TerraCom was placed in a trading halt on Monday for up to two days as it tries to convince its lenders to extend Wednesday’s debt repayment deadline.
Original URL: https://www.theaustralian.com.au/topics/bhp-group-limited/page/30