BHP Billiton 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.
  • TickerBLT
  • ISINGB0000566504
  • ExchangeLondon Stock Exchange
  • SectorMining
  • CountryUnited Kingdom

Analysts

Philip Morrish

Value Indicator - UK Basic Resources 18032019

Currently '(TM)Value Indicator - UK Basic Resources' is a value analysis of the Basic Resources suer 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 18032019

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 longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 11032019

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 longer-term target prices.

Philip Morrish

Value Indicator - UK Basic Resources 11032019

Currently '(TM)Value Indicator - UK Basic Resources' is a value analysis of the Basic Resources super sectorof 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 04032019

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 longer-term 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 | 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...

Mathew Hodge

Morningstar | Stronger 2H Needed for BHP to Meet Production Guidance

BHP’s production is largely tracking in line with our expectations for fiscal 2019, albeit output will need to be weighted to the second half for guidance to be met. BHP maintained volume guidance for all key commodities with the exception of copper, which increases after the sale of the Cerro Colorado mine did not proceed. BHP also maintained fiscal 2019 cost guidance for all major assets, but this relies on a much better second half. The first half was impacted by unplanned outages at Olympic Dam and Spence, which saw about 70,000 tonnes of copper output lost. The much-publicised Pilbara tra...

Mathew Hodge

Morningstar | BHP’s Capital Allocation Approach Shows Learnings from Past Mistakes

BHP updated the market on its capital allocation framework. Overall the update is pleasing, particularly the detail BHP went into around its process and approach, how it has changed based on learnings from past mistakes and how it fits with the overall business strategy. Pleasing too is the honesty BHP showed around the track record for the industry, which has been mixed and at times materially value destructive. Investing procyclically in large projects raises the risk of value destruction. For BHP, the investment in shale oil and gas was a material mis-step. The company was also lucky to mi...

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 18032019

Currently '(TM)Value Indicator - UK Basic Resources' is a value analysis of the Basic Resources suer 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 18032019

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 longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 11032019

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 longer-term target prices.

Philip Morrish

Value Indicator - UK Basic Resources 11032019

Currently '(TM)Value Indicator - UK Basic Resources' is a value analysis of the Basic Resources super sectorof 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 04032019

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 longer-term 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

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

La tendance de fond est clairement orientée à la hausse. La correction en cours gagne en vigueur. Il est trop tôt pour parler de retournement baissier. La tendance serait invalidée sous le support à 1 323,00 p.

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