BHP confirms Woodside merger, after shareholders bag $15bn payday August 17, 2021 Energy giant BHP has posted a record final dividend of $2 per share, which has raked in a $15bn payday for its shareholders in the past year. In a set of upbeat financials, BHP pulled in $25.9bn in profit from its operations in the year to 30 June, up from $14.4bn last year. The profit [...]
BHP mulls selling its petroleum division and it could fetch $15bn August 16, 2021 BHP is mulling a merger which would offload the company’s petroleum division for as much as $15bn amid growing environmental pressure. Today, the mining giant said it had “initiated a strategic review” of its multi-billion dollar Petroleum business to “re-assess its position and long-term strategic fit in the BHP portfolio.” The statement confirmed that a merger [...]
Court of Appeal reopens landmark £5bn lawsuit against BHP for Brazil dam collapse July 27, 2021 London’s Court of Appeal has today decided to reopen a historic £5bn lawsuit against mining giant BHP over the collapse of a dam in Brazil in 2015. In an unexpected u-turn, the court said that a group of 200,000 claimants would be able to appeal against a lower court’s decision to throw the case out [...]
BHP completes first refuelling of a ship with biofuel April 15, 2021 BHP has completed its first refuelling of a ship with biofuel in a trial run aimed at reducing carbon emissions, the company announced today. It was the first time that a ship has been refuelled with biofuel in Singapore, the world’s largest bunkering hub. A biofuel blend derived from sustainable feedstock sources such as cooking [...]
UK Court of Appeal denies £5bn BHP lawsuit over Brazil mining dam disaster March 24, 2021 The UK Court of Appeal has denied permission for a 200,000 person Brazilian claimant group to revive a £5bn lawsuit against BHP over Brazil’s worst environmental disaster. The Anglo-Australian mining giant was responsible for the collapse of the Fundao mining dam in 2015, which led to 19 deaths and a flood of toxic mining waste [...]
High court judge blocks Brazil lawsuit against BHP November 9, 2020 A landmark case brought by a Brazilian claimant group against mining giant BHP over a burst dam has been struck out by the High Court. A High Court judge in Manchester said managing the 200,000-strong claimant group would be like “trying to build a house of cards in a wind tunnel” and said the case [...]
BHP hits iron ore, coal and copper guidance despite coronavirus July 21, 2020 Mining giant BHP today said that it had hit its guidance for production of iron ore, coal and copper despite the disruption caused by the coronavirus crisis. However, it warned that so-called second waves of the new disease could hit short-term demand for its commodities, prompting it to broaden the range of its output forecasts [...]
Miner BHP holds on to iron production guidance despite coronavirus April 21, 2020 Mining giant BHP has maintained its production guidance for iron, coal and petroleum for 2020 despite the ongoing economic shutdown caused by coronavirus. However, the firm said that it expected to see double-digit contraction outside of China could contract by a double-digit figure, and that capital spending could fall below the $8bn previously forecast. In [...]
BHP’s coal production slips due to Australian bushfires but guidance remains unchanged January 21, 2020 The ongoing bushfires in Australia knocked BHP’s production of thermal coal, the world’s largest miner announced today, but its 2020 guidance remains in line with forecasts. Mike Henry described his first set of results since taking over as chief executive from Andrew Mackenzie as “solid”, despite concerns about the situation in the company’s home country, [...]
BHP becomes largest shareholder in Ecuador-focused Solgold November 25, 2019 BHP will become the largest shareholder in Ecuador-focused mining company Solgold, with approximately 14.7 per cent of the firm’s share capital. The Anglo-Australian company will raise its stake from 11 per cent by purchasing 77m new shares for $21.9m (£17.1m) for 22.2p. Read more: Anglo Australian miner BHP appoints new global chief executive Shares in [...]