BHP Group Plc

BHP Billiton is a resources company. Co. extracts and processes minerals, oil and gas, primarily in Australia and the Americas. Co. operates four reportable segments: Petroleum, which is engaged in the exploration, development and production of oil and gas; Copper, which is engaged in the mining of copper, silver, lead, zinc, molybdenum, uranium and gold; Iron Ore, which is engaged in the mining of iron ore; and Coal, which is engaged in the mining of metallurgical coal and energy coal. Co.'s Petroleum unit comprises conventional and unconventional oil and gas assets, and includes exploration, development and production activities.
  • TickerA2N9WV
  • ISINGB0000566504
  • SectorMining
  • CountryUnited Kingdom

Analysts

Philip Morrish

Value Indicator - UK Basic Resources 20052019

Currently '(TM)Value Indicator - UK Basic Resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that povides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 20052019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telcoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Basic Resources 13052019

Currently '(TM)Value Indicator - Basic Resources' is a vale analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 13052019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the user with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 29042019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative target prices.

Roger Bade

BHP Billiton (BLT) - To exit Samarco?

There are numerous reports this morning that Vale is negotiating with BHP to acquire its stake in Samarco. Apparently the Brazilian mine is ready to go and customers are clamouring for product.

BHP Billiton: BHP Billiton's first half performance is credit positive

CORPORATES ISSUER COMMENT 22 February 2017 Contacts Matthew Moore 612-9270-8108 VP-Sr Credit Officer [email protected] Shawn Xiong, CFA 612-9270-1421 Associate Analyst [email protected] Patrick Winsbury 612-9270-8183 Associate Managing Director [email protected] BHP Billiton BHP Billiton's first half performance is credit positive BHP Billiton Limited's (A3 stable)

Mathew Hodge

Morningstar | Raising our Near-Term Iron Ore Price Forecast with Additional Supply Disruptions

Near-term tightness in the iron ore market has persisted and intensified with several developments in Brazil further restricting Vale’s supply and Cyclone Veronica interrupting Pilbara shipments. We’ve factored in a further 20 million tonne reduction in Vale’s output in 2019 and 10 million tonnes in 2020. We now expect Vale to produce 350 million tonnes in 2019 and 370 million tonnes in 2020, down from an estimated 390 million tonnes in 2018. From Rio Tinto, BHP and Fortescue, we’ve lowered our forecasts by 10 million tonnes in total for 2019 due to the cyclone. The estimated 30 million tonnes...

Mathew Hodge

Morningstar | Further Supply Disruptions to Boost Near-Term Iron Ore but Declining Steel Demand in China Looms

BHP has several of the world's largest mines. Key mined commodities are iron ore, coking coal, and copper. In addition, the company has meaningful oil exposure with conventional petroleum, and liquefied natural gas, or LNG, assets. Onshore U.S. shale assets were sold in 2018. The iron ore mines in particular are at the low end of the industry cash cost curve; however, overinvestment during the peaks of the China boom, when capital costs were very high relative to historical standards, has diluted expected future returns. After adding back the not-inconsiderable write-downs, BHP’s invested capi...

Mathew Hodge

Morningstar | Weak 1H for BHP but AUD 25.50 per Share FVE Maintained

BHP will need a much stronger second half to deliver on production and cost guidance and our full-year profit expectations. First-half fiscal 2019 adjusted net profit after tax of USD 4.0 billion was in line with the first half of fiscal 2018. Adjusted earnings were also flat versus a year ago at USD 0.76 per share. BHP’s shares have risen with the Vale disaster and the iron ore price. Higher commodity prices and increased investor risk appetite in 2019 following the correction in late 2018 have also helped. There may be more upside in iron ore than we have factored in, but there is also a ri...

Mathew Hodge

Morningstar | Vale’s Tragic Tailings Dam Disaster Tightens the Near-Term Iron Ore Market

The failure of a tailings dam at Vale’s Corrego de Feijao iron ore mine in Brazil is a tragedy with more than 40 people confirmed dead and nearly 300 still missing. The dam was 86 metres high and contained approximately 12 million cubic metres of tailings, essentially wet sand, which flowed when the dam burst. Most of the victims were Vale employees, working in the mine’s processing plant and offices downstream of the dam. The disaster comes just a few years after a similar failure at Vale’s 50%-owned Samarco iron ore operation. Given the likely flow-on impact to Vale’s supply from the loss o...

Mathew Hodge

Morningstar | Vale's Supply Disruptions Bring Near-Term Upside, but Share Price Ignores Longer-Term Headwinds

BHP has several of the world's largest mines. Key mined commodities are iron ore, coking coal, and copper. In addition, the company has meaningful oil exposure with large bets on U.S. onshore shale gas and oil, conventional petroleum, and liquefied natural gas, or LNG, assets. The iron ore mines in particular are at the low end of the industry cash cost curve; however, overinvestment during the peaks of the China boom, when capital costs were very high relative to historical standards, has diluted expected future returns. After adding back the not-inconsiderable write-downs, BHP’s invested cap...

Roger Bade

Gem Diamonds (GEMD) - Strong Q4 production and revenue numbers

The Q4 update from the Lesotho diamond miner is very positive, particularly as it predates the various large gemstone found recently. Full year revenues from their Letšeng mine reached US$184.6m, up 12% over 2016, with an average price of $1,695 per carat ($/ct). Pricing progress has continued in Q4 where prices reached $2,217/ct, from $1,858/ct in Q3. Sales were strong in Q4, as not only did the average price go up, but so did the caratage (nearly 31,500 carats as compared to just over 25,900 carats in Q3).

Roger Bade

BHP Billiton (BLT) - How can dodgy conveyors cost $250-350m?

The Q2 production report is slightly disappointing with in line iron ore output, copper showing a recovery following the Escondida strike and a warning on metallurgical coal output, owing to roof problems at one of their underground mines.

Roger Bade

Sector Overview

Base metals prices continued their rampant rise towards the close in New York and into Asia. www.mining.com reported that hedge fund copper bull positions now amount to US$20bn and were bolstered yesterday on production concerns. These appear a bit spurious, as flooding in Indonesia won’t make much difference as the workforce at Grasberg is already on strike. Meanwhile, the various power issues in Zambia appear close to being resolved. Ignoring those issues, the copper price has jumped seven and a half US cents per pound ($/lb.) to $2.955/lb., back to where it was in November 2014; nickel g...

Philip Morrish

Value Indicator - UK Basic Resources 20052019

Currently '(TM)Value Indicator - UK Basic Resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that povides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 20052019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telcoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Basic Resources 13052019

Currently '(TM)Value Indicator - Basic Resources' is a vale analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 13052019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the user with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 29042019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative target prices.

Expert Corporate Governance Service (ECGS)

BHP Billiton October 17th 2018

The Company operates as a Dual Listed Company (DLC). BHP Billiton plc is incorporated and listed in the UK while BHP Billiton Ltd is incorporated and listed in Australia. Samarco Incident Update  On 5 November 2015, one of Samarco’s tailings dams (Fundao) failed unexpectedly,releasing muddy tailings downstream, reaching and flooding certain communities andcausing 19 deceases, 700 people lost their homes and important damages to thesurrounded area. The Company holds 50% interest in this entity. BHP Billiton Brasil is among the defendants named in a number of legal proceedings initiated by in...

Jérôme VINERIER

Analyse court terme - BHP BILLITON : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 1 706,10 p. La rupture du support à 1 470,00 p invaliderait cette tendance.

Jérôme VINERIER

Short term view - BHP BILLITON : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at 1,706.10 p. Breaking below the support at 1,470.00 p would invalidate the trend.

Jérôme VINERIER

Analyse court terme - BHP BILLITON : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 1 470,00 p, puis 1 310,00 p. Le franchissement de 1 792,00 p remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - BHP BILLITON : The movement goes on.

The trend is bearish. The movement goes on. The next target is at 1,470.00 p, then 1,310.00 p. Passing 1,792.00 p would question the continuation of the fall.

Jérôme VINERIER

Medium term view - BHP BILLITON : The background trend is clearly bullish.

The background trend is clearly bullish. The correction is gaining traction. It is too early to qualify this action as a bearish reversal. The trend would be invalidated below the support at 1,323.00 p.

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