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 [...]
Anglo-Australian miner BHP appoints new global chief executive November 14, 2019 BHP announced that it had appointed a new chief executive this morning, with current boss Andrew MacKenzie due to retire at the end of this year. Mike Henry, the current head of BHP’s Australian operations, will take over from MacKenzie on 1 January 2020. Read more: BHP shareholders vote against leaving industry groups 53-year-old Henry, [...]
BHP shareholders vote against leaving industry groups November 7, 2019 Shareholders at Anglo-Australian mining giant BHP have voted against a motion calling for the company to give up its membership in industry bodies which support policies which run counter to the Paris climate change treaty. A tally of the votes taken at the group’s annual general meeting (AGM) in Sydney showed that 72.9 per cent [...]
BHP boss has bonus slashed after death in Australian mine September 17, 2019 The boss of BHP, one of the world’s largest miners, had his bonus slashed last year after a death at one of the company’s Australian coal mines. Chief executive Andrew Mackenzie was paid $3.5m (£2.8m) in the last financial year, down by more than $1.1m. $1.3m of his pay was a performance-related bonus. Read more: [...]
BHP owners pocket record dividend August 20, 2019 BHP shareholders will pocket a record payout, the company announced this morning, bringing the total dividend to $6.7bn (£5.5bn). The miner announced this morning that it would give shareholders an ordinary dividend of $1.33 per share. However, the payout comes on top of a special dividend earlier this year, of $1.02 per share as the [...]
Analysts and investors hopeful for record BHP dividend August 19, 2019 Investors will flock straight to the dividend page tomorrow after miner BHP releases its annual results overnight, expected to reveal the highest annual dividend in the company’s history. Analysts had expected the dividend to reach around $2.36 for the full year 2019, up from $1.18 the year before, according to a consensus compiled by Vuma. [...]
BHP iron production rebounds after cyclone hit third quarter July 17, 2019 Anglo-Australian miner BHP saw iron ore output rebound in the fourth quarter of the year, and forecast even higher production going forward. Iron ore production hit 63m tonnes in the three months to June, a 12 per cent increase on the quarter before. Read more: Rio Tinto faces delays and up to $1.9bn added costs [...]
BHP bets on batteries as it decides to keep its Australian nickel mine May 14, 2019 London-listed miner BHP has said it wants to keep its Australian nickel mine as the industry starts betting on a battery-powered future. Chief executive Andrew Mackenzie today said the company would hold on to the Nickel West mine which it has tried to sell several times. Read more: BHP Billiton faces $5bn claim for failure [...]