BHP: Mining giant slashes production guidance for copper and nickel April 21, 2022 Australian metals firm BHP has announced it is reducing total copper and nickel production for the full year yet is on track with previous iron ore estimates. In a nine month trading update on the London Stock Exchange, BHP said its production guidance for the 2022 financial year remained unchanged for iron ore, metallurgical coal [...]
Mining giant BHP to face £5bn lawsuit over Brazilian dam collapse disaster April 1, 2022 Mining giant BHP is set to face a £5bn lawsuit in London’s Court of Appeal next week, over the collapse of a Brazilian dam in 2015 which led to one of the country’s worst ever environmental disasters. The claim, brought forward by more than 200,000 Brazilians, follows the catastrophic collapse of the Fundão tailings dam [...]
Miner BHP hits near record iron ore production despite ‘Covid related labour constraints’ February 15, 2022 Mining giant BHP has achieved near record production in iron ore, despite being impacted by poor weather and labour restrictions on operations. In half-year results ended 31 December 2021, the metals and petroleum firm reported it remained “fatality free” at its operated assets for the third consecutive year. It has also reported rebounding profits from [...]
FTSE 100 loses one of its biggest components as mining giant BHP bows out January 31, 2022 The FTSE 100 lost one of its biggest components on Monday as miner BHP was removed from the index, after deciding to unify its dual-listed structure into one entity in Sydney. The business’s size was only eclipsed by AstraZeneca and Shell among its peers in London. Its primary listing moved to Australia, ending a decades-long [...]
Post-COP26 beating: All eyes on mining firms today after investors dump stocks on merciless Monday November 16, 2021 Investors yesterday dumped mining stocks as the future of coal looks bleak during the first day of trading on the London Stock Exchange since the COP26 agreement was signed over the weekend. Several big names saw falls, including Evraz down 16.8p at 603.2p; BHP down 37.4p at 1923.4p; Antofagasta down 28p at 1,460p and Anglo [...]
BHP pockets £1bn after offloading coal unit in COP26 push to lower emissions November 8, 2021 BHP said this morning it struck a £816m deal to sell its 80 per cent interest in BHP Mitsui Coal (BMC), an metallurgical coal joint venture in Queensland, Australia. A subsidiary of Stanmore Resources Limited will acquire 100 per cent of the shares in Dampier Coal (Queensland) from BHP Minerals, the subsidiary which holds BHP’s interest in [...]
Miner BHP leaves annual production outlook unchanged October 19, 2021 Mining giant BHP has left its annual production outlook unchanged despite its iron ore production being hit by labour shortages. The FTSE 100 firm reported on Tuesday that total iron production dropped four per cent to 63.3m tonnes for the quarter ended September 30. This was a decline from 66.04m tonnes in the previous year. [...]
BHP braces for backlash by investors over climate plan September 28, 2021 Shareholders in mining giant BHP have been advised to vote against the company’s carbon emission plans, ahead of its annual general meeting in London next month, according to reports. In a report shared with investors Glass Lewis, the influential proxy adviser, questioned the scientific basis of BHP’s Climate Transition Action Plan and said there was [...]
KPMG UK audit chair to join board of BHP September 2, 2021 KPMG’s UK chair of audit, Michelle Hinchliffe, will join the board of BHP as a non-executive director next year, the mining company has announced today. Hinchliffe will retire from KPMG UK in February after 30 years in the accounting giant’s financial services division. She will also become a member of BHP’s risk and audit committee [...]
Top investors criticise BHP as it slashes dual nationality August 18, 2021 The FTSE 100 is set to lose its biggest company as miner BHP ditches its Anglo-Australian dual structure in favour of listing on Sydney’s stock market. Today, L&G which owns a 1.9 per cent stake in the company, said that the news BHP will give up its listing is “disappointing.” “Today’s announcement is very significant [...]