BHP Billiton - ein Basisinvestment im Rohstoffsektor (Seite 9)

[Oginvest]

Brazil's Samarco files judicial reorganization plan alongside creditors

Zitat von Oginvest: SAO PAULO, July 29 (Reuters) - Brazilian miner Samarco filed a consensual judicial reorganization plan on Friday alongside some of its creditors with the intent of carrying out transactions contemplated in a previous agreement that established a discount on the value of the mining company's debt, the company said on Saturday.

On 31 May, Samarco SAMNE.UL, a joint venture between Vale VALE3.SA and BHP BHP.AX, had reached an agreement with most of its financial creditors that provided for a 25% discount on the amount of debt held by them, a step that was considered important for the company to be able to proceed with its judicial recovery process.

Under the terms of the consensual plan, Samarco will issue up to $3.566 million of new notes due in 2031 to certain of its financial creditors who elect to receive such new notes, in exchange for cancellation of their claims. These notes will pay interest of 9% to 9.5% per annum and will be unsecured.

Samarco may elect to pay interest in kind, in full through 2025 and in part in 2026 and 2027, according to the mining company. Thereafter, all interest will be paid in cash.

Financial creditors can elect an alternative treatment, exchanging their existing debt for a new debt instrument maturing in 2035.

https://www.nasdaq.com/articles/brazils-samarco-files-judici…

[Oginvest]

BHP expects Indian steelmaking boom to drive its coal business - FT

July 31 (Reuters) - BHP Group (BHP.AX) expects the rampant expansion of India's steel industry to boost its coal business significantly, Chief Commercial Officer Vandita Pant told the Financial Times on Monday.

Around 40% of BHP's metallurgical coal, used by steel mills and known as coking coal, is now heading to India, she said.

https://www.reuters.com/markets/commodities/bhp-expects-indi…

[Oginvest]

Australia to add to priority critical minerals by year end

MELBOURNE, July 27 (Reuters) - Australia will update its critical minerals list by the end of the year, its resources minister said on Thursday, potentially opening the way for copper and nickel miners to tap government incentives and speed up new project development.

One of the world's biggest suppliers of raw minerals, Australia last month set out a strategy to work with investors and international partners to build a critical minerals processing industry.

The strategy drew some criticism because it did not lay out a regulatory fast track or add to its list of minerals considered critical to the energy transition.

Minister Madeleine King said the government would prioritise support for critical minerals projects that underpin key technologies such as battery chemicals and would update the list by the end of the year after a consultation period.

The current list, last updated in March 2022, includes 26 minerals with supply chains that are considered vulnerable to disruption, such as lithium, cobalt and rare earths.

The new Australia chief of the world's biggest miner BHP Group BHP.AX Geraldine Slattery said uranium should also join the list, as she flagged Australia was at risk of losing its competitive advantage in the critical minerals space.

"Australia can’t compete on subsidies with large economies like the U.S. But we can make sure that our policy settings are attractive to new investment," she said at a business event on Thursday.

Industry Association AMEC wants copper and nickel added to the list and said on Thursday it would consult with its members on which other minerals could be added.

BHP is Australia's biggest producer of copper and nickel which it regards as key growth commodities exposed to the energy transition. It sells uranium as a byproduct from its South Australian copper operations.

...
https://www.nasdaq.com/articles/australia-to-add-to-priority…

[Oginvest]

BHP posts record full-year iron ore output, flags rising costs

BHP Group on Thursday reported its highest ever annual iron ore production, helped by the continued ramp up at its South Flank operations in Western Australia but flagged it faces rising costs.

The world’s largest listed miner said unit costs at its Western Australia iron ore operations and Chilean copper mine Escondida are expected to be towards the upper end of forecast ranges, but said capital and exploration spending would be below annual guidance, partly due to foreign exchange movements.

BHP’s iron ore production in Western Australia was aided by improved rail performance at the mines, but production was partially hit by unfavorable impacts from tropical Cyclone Ilsa in the quarter.

It said iron ore production from Western Australia, on a 100% basis, was 72.7 million tonnes (Mt) in the three months to June 30, a touch lower than Visible Alpha estimates of 73 Mt, according to UBS.

The company expects fiscal 2024 output for Western Australia iron ore between 282 million and 294 million metric tons, the mid-point of which is 0.9% higher than annual production of 285.3 million metric tons for fiscal 2023.

BHP, which completed the $6.4 billion takeover of OZ Minerals in May, said copper production rose 9% to 1,716.5 thousand metric tons in the fiscal.

It also forecast total copper production for the 2024 fiscal year to be between 1,720 and 1,910 thousand metric tons, helped by long anticipated higher grades at the world’s top copper mine and integration of Oz Minerals into its South Australian business.

It reaffirmed that production at South Flank would reach full capacity of 80 million metric tons per annum, on a 100% basis, by the end of fiscal 2024.

BHP said it has begun accepting more feed from third parties for its Nickel West operations which supply the electric vehicle battery industry, after rejecting feed from Mincor Resources with high arsenic levels.
https://www.cnbc.com/2023/07/20/bhp-posts-record-full-year-i…

[Oginvest]

Miners tap waste for critical minerals

Extracting copper, nickel, cobalt and other minerals from mine waste could provide a key new source of the minerals needed for the energy transition while at the same time cleaning up old mine sites, mining executives said at a conference.

Australia by some estimates has more than 50,000 old mine sites. Its government last month released a map of 1,050 tailings sites as potential sources of metals for which demand is set to boom over coming decades for green energy products including batteries and wind turbines.

BHP estimates the world will need an additional $100 billion annually in capital investment in the resources sector to get on track to meet the Paris aligned 1.5C scenario, or twice as much copper, steel and potash and four times as much nickel in the next 30 years as it used in the past 30.

As resources with high metal content get harder to find and develop, mine waste could be an important source for metals.

“The sub 0.5% copper resources of tomorrow will be just as attractive as the 2% copper resources of yesterday, delivering the critical minerals the world needs to decarbonise at low cost,” said Laura Tyler, chief technical officer at top global miner BHP.

...
https://www.mining.com/web/miners-tap-waste-for-critical-min…

[Bauer85]

Nein, solange sie voll frankiert ist nicht. Sonst mit 15% voll anrechenbar auf die Kapitalertragssteuer. Aber solange sie in Australien genug Steuergutschriften haben eher unwahrscheinlich.

[Tony31515]

Hallo,
ich plane den Einstig bei BHP und habe eine Frage an die länger Investierten. Wird auf die Dividende Quellensteuer erhoben?

Danke

[Oginvest]

Australia’s critical minerals industry needs quicker permits, not subsidies, BHP says

Australia’s critical minerals strategy does not need the sugar hit of more subsidies as good projects will find investment, but the country needs to hasten mine development timeframes and rework new workplace legislation, BHP’s CEO said on Tuesday.

BHP CEO Mike Henry’s comments came a week after Australia, one of the world’s biggest suppliers of raw minerals, outlined a strategy on how it will work with investors and international partners to build a critical minerals processing industry.

The strategy, which aims to see Australia as a significant producer by 2030 of critical minerals that are key to the global energy transition, drew criticism from some who were hoping for larger subsidies, shorter regulatory approval timeframes and additions to its list of critical minerals.

The strategy “is not enough,” Henry told reporters on the sidelines of a mining conference in Brisbane.

“There’s a big movement underway in the U.S. right now towards permitting reform. Australia needs to do that.”

The government needs to address the overlap between state and national regulation as well as speed up permitting, he said.
...

As an example of where capital will not flow, Henry said BHP would not invest further in Queensland, where the state government held no consultation before hiking coal royalties last year to the highest of any jurisdiction in the world.

Queensland on Tuesday announced a new critical minerals development strategy to attract investment to the state.

BHP estimates the world will need an additional $100 billion per year in capital investment in the resources sector to get on track to meet the Paris aligned 1.5C scenario, he said.

Translated into metals demand, Henry said that means twice as much copper, steel and potash and four times as much nickel, BHP’s major products.

https://www.cnbc.com/2023/06/27/australia-critical-minerals-…

[Oginvest]

Australia to invest $164m in critical minerals sector

Australia’s resource-rich state of Queensland on Tuesday said it would spend A$245 million ($164 million) to help expand its critical minerals sector, and take steps to lure investments and cut rents on mining exploration leases.

Australia has ramped up funding for critical minerals projects, which are essential to smart technology and clean energy. But the minerals are tricky to mine, process and market, which can make it difficult for developers to line up funding.

The state will set up a one-stop office called Critical Minerals Queensland to oversee the development of the sector in a state rich in metals including zinc, cobalt and vanadium, Premier Annastacia Palaszczuk said at a mining conference in the state’s capital, Brisbane.

...

Australia has vast reserves of critical minerals and supplies nearly half of the world’s lithium. It is also a significant producer of rare earths, cobalt, copper and graphite, although those minerals are largely processed in China.

BHP CEO Mike Henry, during the mining summit, said Australia’s critical mineral strategy did not need more subsidies, and urged the federal and state governments to hasten project timeframes and make them attractive for investment.

He said BHP would not invest further in Queensland, where the government held no consultation before hiking coal royalties last year to the highest of any jurisdiction in the world.

https://www.agbi.com/article/australia-to-invest-164m-in-cri…

[Oginvest]

Stahl- und Bergbautitel bleiben unter Druck

....
Laut JPMorgan-Analyst Dominic O'Kane steht Europas konjunktursensiblen Stahl- und Bergbauunternehmen zudem Ungemach aus China bevor. Die chinesischen Stahlexporte dürften sich im Juni weiter beschleunigt und 10 Prozent der heimischen Jahresproduktion beziehungsweise 75 Prozent der Produktion in der EU erreicht haben, schätzt der Experte. Damit drohten Produktionsrestriktionen und Quoten, welche schlecht für die Eisenerznachfrage wären, sowie Gegenwind für die Stahlpreise außerhalb Chinas. Insbesondere für Salzgitter, ArcelorMittal, Rio Tinto und BHP befürchtet OKane negative Auswirkungen der Mitte Juli anstehenden Daten und verlieh diesen Werten daher den Status "Negative Catalyst Watch"

https://www.wallstreet-online.de/nachricht/17073195-aktien-f…