BHP Billiton - ein Basisinvestment im Rohstoffsektor (Seite 22)

[Oginvest]

Top three Aussie miners to shed $11 bln in market value as commodity rout accelerates

June 20 (Reuters) - Australia's big three miners were on track to lose more than A$16 billion ($11.12 billion) in combined market value on Monday at current levels, as a commodities selloff over easing China demand and fears of a global recession deepened.

Rio Tinto's Australia-listed shares (RIO.AX) were set to shed nearly A$2 billion in value, BHP (BHP.AX) more than A$10 billion, and Fortescue Metals (FMG.AX) over A$4 billion.

Lower output from Chinese steel mills has hit demand for iron ore, while prices of commodities like copper and aluminium have slumped on worries that aggressive interest rate hikes by the U.S. Federal Reserve's and other central banks could tip the global economy into a recession.

The three Australian mining behemoths, so far this month, have already lost roughly A$30 billion of their combined market value, and are facing a third straight week of losses after hitting multi-week lows on Monday.

Rio Tinto and BHP are trading at a one-month low, while Fortescue is at a three-month low.

"Are we doomed? Or is it darkest before dawn?," Jefferies analysts wrote on Saturday with reference to recent economic data, China's COVID-19 lockdowns and the Fed's policy narrative.

They seemed to lean towards the latter, confident that the slowdown in demand for commodities would be followed by a recovery that would be led by miners, adding that recession fears and inflation would give way to recovery.

Analysts at JP Morgan also echoed risks to the sector but said fresh policy support along with easing COVID-19 lockdowns in China would spur a rebound in the second half of 2022, and maintained their "neutral" view on Rio Tinto and BHP.
https://www.reuters.com/markets/stocks/top-three-aussie-mine…

[Heldal]

Antwort auf Beitrag Nr.: 71.813.015 von Verstehichnicht am 19.06.22 19:51:45

Danke 👍

[Verstehichnicht]

Zitat von Heldal: Bin dabei bei BHP einzusteigen. Allerdings ist das meine erste Aussi Aktie, die Dividende zahlt. Kann jemand was zur Ouellensteuer sagen? Vielen Dank.

Mir wurde keine abgezogen. Gab wohl aber bei anderen Probleme seit den Delisting in London.
Musst mal zurück scrollen.

[Heldal]

Bin dabei bei BHP einzusteigen. Allerdings ist das meine erste Aussi Aktie, die Dividende zahlt. Kann jemand was zur Ouellensteuer sagen? Vielen Dank.

[Oginvest]

Australians urged to save electricity to ease power crunch

MELBOURNE, June 16 (Reuters) - Australia's energy minister on Thursday urged households in Sydney to switch off lights in the evening to avert blackouts, as the country's power market remained suspended with more than a quarter of its coal-fired capacity knocked out.

The country's energy market operator suspended the electricity spot market on Wednesday in an unprecedented move to secure power supplies, its latest drastic step to tackle an energy crisis that began in May. read more

Efforts were focused on reviving output from coal-fired generators, Climate Change and Energy Minister Chris Bowen said on Thursday, while urging households in New South Wales to conserve power as much as possible, without sacrificing essentials such as heating.

...

Bowen said the main problem behind the power crunch was unscheduled outages at ageing coal-fired power stations.

"Everybody is working to fix that," he said.

Australia's top power producer AGL Energy (AGL.AX) said on Thursday that one of three crippled units at its Bayswater coal-fired plant in New South Wales would be back online on Thursday and another by Saturday.

"We're continuing to work cooperatively with the Australian Energy Market Operator to help ensure continuity of supply," an AGL spokesperson said.
https://www.reuters.com/markets/commodities/australians-urge…

[Oginvest]

Coal divestment review update - BHP to retain New South Wales Energy Coal

BHP today announced that it will retain New South Wales Energy Coal (NSWEC) in its portfolio, seek the relevant approvals to continue mining beyond its current mining consent that expires in 2026 and proceed with a managed process to cease mining at the asset by the end of the 2030 financial year.

The decision follows BHP’s review of its lower grade metallurgical and energy coal assets that was announced in August 2020 and has also resulted in the divestment of our interests in Cerrejón and BHP Mitsui Coal (BMC) in January and May 2022 respectively.

A trade sale process for NSWEC was conducted however the process did not result in a viable offer. Assessment of the resource economics, geotechnical profile and future investment requirements determined that continued mining in the near term and moving to a closure in 2030 provides the optimal financial outcome when compared to alternate options.

Continuation of mining to the end of FY2030 will afford eight years to work with our people, state and federal governments and local communities in the Hunter Valley region on a transition approach that supports long-term community sustainability.

Plans to continue operating NSWEC to FY2030 are subject to obtaining relevant approvals to enable mining beyond the current consent, which only provides approval for mining until 2026.

Work is underway to prepare the application for the relevant approvals with the New South Wales and Australian governments to support mining until 2030. This will also include plans for closure of the asset, including rehabilitation and determining the most appropriate post-mining land use. It is expected that continued work on rehabilitation will take 10 to 15 years following the cessation of mining. The provision for closure of the mine as at 31 December 2021 was approximately US$700 million.

Minerals Australia President, Edgar Basto said “We thoroughly reviewed potential options for NSWEC including divestment and future investment requirements. Seeking approval to continue mining until 2030 avoids closure in 2026 and enables BHP to balance the value and risk of those considerations and our commitments to our people and local communities.”

NSWEC Vice President, Adam Lancey said “We will work with our people, local business partners, Traditional Owners and local and state governments to operate safely and productively, prepare for closure and sustainable rehabilitation of the site, and ensure the pathway to closure is managed in a way that meets community and regulatory expectations.”

https://www.bhp.com/news/articles/2022/06/coal-divestment-re…

[Oginvest]

BHP fails to find buyer for Australian coal project

(Reuters) -- Global miner BHP Group said on Thursday it had been unable to sell its New South Wales Energy Coal (NSWEC) thermal coal unit and would now run the operation for another eight years before shutting it down.

BHP has been reviewing its options for NSWEC, which includes the Mt Arthur coal mine near Muswellbrook, for the last two years, but did not receive a viable offer, the Anglo-Australian miner said in a statement.

"Mt Arthur Coal has been economically challenged for a number of years and despite a recent price strengthening, we know it is a complex pit to operate", said Adam Lancey, vice-president of NSW Energy Coal at BHP.

"That's why, after two years of extensive work and looking at all options, it has been determined that operating to 2030 and then moving to long-term rehabilitation is the best option from an economic, community and rehabilitation perspective," he said.

BHP has been looking to exit some of its lower-grade metallurgical coal and energy coal assets, and has sold its stakes in the BHP Mitsui Coal and Cerrejon projects over the last year.

The company will now close the NSWEC project in 2030, it said, adding that closing and rehabilitating the project site is expected to take an additional 10-15 years.

It had set aside a $700 million provision for the mine closure as of Dec. 31, 2021.

BHP shares rose 0.75% after the announcement, although the broader S&P/ASX 200 index added 1% in early trade to snap a four-day losing streak.

Environmentalists welcomed the decision to close the mine but warned of high rehabilitation costs.

"The current $700 million provision for closure does not appear to match the enormous scale of the likely clean up bill," Harriet Kater, Climate Lead (Australia) at the Australasian Centre for Corporate Responsibility (ACCR) said.

"BHP has an opportunity to draw on the returns from current record high thermal coal prices to properly fund high quality remediation."

https://asia.nikkei.com/Business/Energy/BHP-fails-to-find-bu…

[Oginvest]

Energy companies must lower carbon intensity in products -Woodside CEO

NEW YORK — Energy companies need to reduce the carbon in their products and prioritize the development of hydrogen-based fuel, Woodside Energy Group Meg O’Neill said on Wednesday.

“We need to start offering our customers products that have a lower carbon intensity than where we sell them today,” O’Neill told Reuters on the sidelines of the Reuters Global Energy Transition conference in Brooklyn, New York.

Woodside is the largest independent natural gas producer in Australia, where it has two hydrogen production projects in the works. A U.S. project, in Oklahoma, is geared toward producing liquid hydrogen for use in long-haul vehicles.
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She said the company is in discussions with customers in the United States, Japan and South Korea over the possible uses of hydrogen and ammonia products.

“We’re not doing our shareholders any favors if we build plants and nobody is buying the products from us,” she said.

The company recently completed its merger with BHP Group’s petroleum arm, giving it full 100% ownership in the $5.7 billion Scarborough natural gas project it is developing off the coast of Western Australia.

O’Neill said the company is still looking to divest a stake in the project. Talks on selling to Chinese national oil companies were shelved due to strained diplomatic bilateral ties.

She said the company was speaking with “non-Chinese” buyers but would not be more specific.
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The Perth-based company plans to be net zero by 2050, if not sooner, O’Neill said, and invest $5 billion in new energies by 2030.

“We have very clear plans to transition from a pure oil and gas player into a company that provides a variety of energy sources,” including low and no carbon energy sources, she said.

Woodside is also investing in ammonia production. O’Neill said the company could produce ammonia in Australia and ship it to Japan and Korea for power generation, similar to the liquefied natural gas (LNG) that Woodside produces.

Some power plants can consume up to 20% ammonia as fuel, O’Neill said, and Woodside and its customers are investigating whether the plants can handle 50% or more ammonia fuel.

“We have a very clear capital allocation framework with very specific targets for oil, natural gas and new energy,” O’Neill said, noting the company expects an oil project will deliver 15% returns, a gas project 12% and a new energy project 10%. (Reporting by Stephanie Kelly and Scott DiSavino; Editing by Richard Chang and Chris Reese)

https://financialpost.com/pmn/business-pmn/energy-companies-…

[Oginvest]

News: BHP Moody's warns Chile constitution uncertainty could hit mining investment

SANTIAGO, June 15 (Reuters) - Investment in Chile's mining sector could face gridlock if political uncertainty over a new constitution is not resolved, ratings agency Moody's said on Wednesday, a reflection of industry concerns in the world's top copper producing nation.

Chile is redrafting its market-orientated constitution which dates back to the military dictatorship of Augusto Pinochet. It will hold a nationwide referendum vote on the new text in September, a process which has been hit by flagging support.

Some of the more contentious proposals around mining have already been rejected by the constitutional assembly, but the text would still likely strengthen environmental regulation, which could impact mining of copper and lithium.

Moody's analyst Barbara Mattos said that without assurances for mining firms, investment may dry up. Global miners like BHP , Anglo American and Glencore operate in Chile alongside state mining giant Codelco.

"Unless the rules are clear we won't see an increase in investment in Chile even though the country has some of the best mining deposits in the world, particularly copper," Mattos said.

"A very important factor will be the legislation to regulate all the norms established by the constitution, which will possibly bring about changes in the conditions for making long-term investments."

For example, Mattos explained that a ban on activities around glaciers could potentially impact 20-25% of current copper production and some expansion projects, although the ultimate impact remains unclear.

This and other regulations, such as prioritizing water use for human consumption over mining, will lead to higher costs. Added to planned higher levies on mining, this would reduce cash flows for companies, Mattos added.

https://hotcopper.com.au/threads/news-bhp-moodys-warns-chile…

[Oginvest]

Canada to invest millions to cut emissions at BHP potash mine, source says

Canada will announce a multimillion dollar investment on Monday to make the Jansen potash mine run by the globe’s largest listed miner, BHP Group, “the cleanest and most sustainable in the world,” a government source said on Sunday.

Industry Minister François-Philippe Champagne and Agriculture Minister Marie-Claude Bibeau are scheduled to make an announcement on “moving toward the net-zero emission economy” in Saskatoon, Sask., on Monday at 10 a.m. central time.

The source declined to say the exact amount of the federal investment in BHP’s Jansen mine, which is located about 150 km east of Saskatoon.

The investment will allow BHP to use electric vehicles and equipment to operate the mine, said the source, who is familiar with the investment but was not authorized to speak on the record about it.

Prime Minister Justin Trudeau’s government has been investing heavily in clean energy projects, including plants for producing electric vehicle batteries and battery materials, after it set a goal to reach net zero carbon emissions by 2050.

Anglo-Australian miner BHP said last month it may accelerate its Jansen potash project in Canada by a year as Russia’s invasion of Ukraine has tightened global supplies.

Prices of potash, a key input used in nitrogen fertilizers, have soared since Western sanctions were imposed against Russia.

Russia and Belarus, which also faces sanctions, are the world’s second- and third-largest producers of the crop nutrient, while Canada is the No. 1 producer.

“We’re looking to do anything we can do to support a commodity in short supply because of the war,” the government source said.

When contacted, BHP declined to comment.

https://www.theglobeandmail.com/canada/article-canada-to-inv…