BHP Billiton - ein Basisinvestment im Rohstoffsektor (Seite 38)

[Oginvest]

Global need for copper, nickel will multiply over next 30 years -BHP

The global markets will need four times the nickel and double the copper in the next 30 years to facilitate a decarbonised world, a BHP Group executive said on Wednesday.

“Some of the modeling that we have done showed that in, let’s say a decarbonised world … the world will need almost double the copper in the next 30 years than in the past 30,” said Vandita Pant, BHP’s Chief Commercial Officer, at the FT Commodities Asia Summit.

Both nickel and copper are poised for strong consumption as a result of the transition away from fossil fuels. Nickel is used in electric vehicle (EV) batteries while copper is needed for wiring in the EVs, their charging stations and other renewable energy infrastructure.

On Tuesday, Trafigura’s chief executive warned of possible significant deficits for copper, nickel and cobalt as global demand rises.

Traceability and sustainability will be some of the main requirements from clients from now on, BHP’s Pant said, adding that the company has done a blockchain traceability program with Tesla to track carbon emissions of its Western Australian nickel mine asset.

BHP also recently conducted its first carbon-neutral copper cargo, from Chile to the United States, she said, adding that is “the way to go.”

(Reporting by Mai Nguyen in Hanoi; Editing by Christian Schmollinger)
https://financialpost.com/pmn/business-pmn/global-need-for-c…

[Oginvest]

London's FTSE 100 flat as losses in miners overshadow Shell cheer

Reuters) - UK's FTSE 100 was flat on Monday, as gains in oil major Royal Dutch Shell on plans to ditch its dual share structure were offset by subdued miners hit by global moves to reduce coal use and a big drop in China's steel production.

The blue-chip FTSE 100 was unchanged at 0817 GMT, with miners Anglo American, Glencore and BHP Group down between 0.7% and 1.2%, after U.N. climate talks ended Saturday with a deal that for the first time targeted fossil fuels as the key driver of global warming.

Data also showed crude steel output in China, the world's top producer of the metal, fell for the fifth straight month in October amid curbs.

On the bright side, Shell gained 1.8% after the energy giant said it will scrap its dual share system in favour of a single class of shares to boost shareholder payouts and simplify its structure.

BT Group gained 1.8% after Reuters reported citing sources that telecoms tycoon Patrick Drahi is looking to increase his stake in the British company, betting its fibre-optic rollout will boost value.

Cineworld jumped 5.6% after reporting an improvement in October box office revenue as COVID-19 restrictions eased.

https://www.marketscreener.com/quote/index/FTSE-100-7392/new…

[Oginvest]

Antwort auf Beitrag Nr.: 69.885.002 von Oginvest am 11.11.21 10:16:39

Results of the AGM

Please find attached the results of the business conducted at the meeting of shareholders of BHP Group
Limited held virtually in Australia on 11 November 2021 and at the meeting of shareholders of BHP Group
Plc held in London, United Kingdom on 14 October 2021.

As required by the Dual Listed Company Structure, a poll was conducted on each of the proposed
resolutions. Each resolution is a Joint Electorate Action. The poll results for BHP Group Limited and BHP
Group Plc are attached.

The final proxy position for each company is detailed in Appendix 1. The additional information required in
respect of BHP Group Plc by the United Kingdom Companies Act 2006 is provided in Appendix 2.

https://www.bhp.com/-/media/documents/investors/shareholder-…

[Oginvest]

BHP extends Noront bid deadline amid talks with Wyloo

HP (ASX, LON, NYSE: BHP) has extended the deadline for Noront Resources’ (TSX-V: NOT) investors to accept or refuse its bid from November 16 to the end of the month, as talks with rival Wyloo Metals regarding the imminent takeover of the Canadian miner progress.

“BHP and Wyloo Metals have continued their conversations and are considering a mutually beneficial arrangement regarding the acquisition of Noront by BHP,” the world’s largest miner said in the statement.
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It noted there is no guarantee at the time that an agreement with Australian billionaire Andrew Forrest’s Wyloo will be reached.

BHP last month sweetened its all-cash offer for Noront to C$0.75 per share, overtaking Wyloo’s C$0.70, which granted it the Toronto-based miner’s support.

At stake is Noront’s early-stage Eagle’s Nest nickel and copper deposit in the ‘Ring of Fire’ in northern Ontario. The asset has been billed by Wyloo as the largest high-grade nickel discovery in Canada since the Voisey’s Bay nickel find in the eastern province of Newfoundland and Labrador.

Eagle’s Nest is expected to begin commercial production in 2026 with the mine running initially for 11 years.

The mine’s start date has repeatedly been pushed back by Noront due to successive federal and provincial governments’ inability to consult and reach a unanimous agreement with First Nations in the area.

Nickel fever
The tug of war between the two Australian companies is the latest evidence of the rush global miners are in to secure supply of battery metals ahead of an imminent surge in demand for electric vehicles.

Nickel production would need to increase nearly fourfold to meet expected demand for electric and hybrid vehicles, the company estimates. Likewise, copper output would also need to grow exponentially to meet demand from renewable power generation, battery storage, electric vehicles, charging stations and related grid infrastructure.

Tesla boss Elon Musk has expressed worries about a looming nickel shortage. He pleaded with miners last year to produce more nickel, promising a “giant contract” for supply produced efficiently and in an “environmentally sensitive way.”

Last month, the US EV giant inked a multi-year nickel supply deal with New Caledonia’s Prony Resources. The contract guarantees it about 42,000 tonnes of the metal needed to produce the batteries that power its EVs.

Tesla also has a similar agreement with BHP.
https://www.mining.com/bhp-extends-noront-bid-deadline-amid-…

[Oginvest]

BHP gets Australian shareholder support for climate plan

MELBOURNE (Reuters) - BHP Group said it had won approval for its climate roadmap on Thursday, overcoming a protest vote on concerns that some of the long-term plans lacked detail, with Australia-based shareholder proxies voting 86% in favour.

The world's biggest listed miner aims for net zero emissions by 2050 for its customers, including the heavily polluting steel industry. But BHP has stopped short of setting a target, in view of uncertainty over how technology will develop.

"BHP's climate action transition plans are well developed and ... have been strongly endorsed by our shareholders," Chairman Ken MacKenzie said after the results of the poll were released at its annual general meeting.

"We have clear goals and targets in place."

BHP expected to spend $2 billion to $4 billion on the initiative by 2030, he added.

Australia-based shareholders make up 58% of BHP's register, which is split between London and Sydney.

Proxy advisers Glass Lewis, and London's Local Authority Pension Fund Forum (LAPFF) had recommended that investors vote against the plan, with the first saying BHP was not specific enough about disclosures of customer emissions.

"Just three weeks after Rio Tinto committed to cutting its operational emissions by 50% by 2030, BHP shareholders have rubber stamped a 2030 target that is sorely lacking in ambition ... and leaves BHP lagging behind nearly all of its global mining peers," Dan Gocher, climate director for the Australasian Centre for Corporate Responsibility, said.

BHP's climate transition plan commits it to at least a 30% cut on its direct and indirect emissions by 2030 on 2020 levels.

Raising the stakes for its peers, Fortescue Metals Group last month set a 2040 target to achieve net zero customer emissions.

About 83% of BHP Plc's investors voted in favour of the resolution at its annual general meeting in London last month.

BHP has also been reshaping its portfolio to better match its climate targets, saying this week it would sell a stake in BHP Mitsui Coal (BMC), a metallurgical coal joint venture in the northeastern state of Queensland.

However, it has proved tougher to shift its New South Wales energy coal business, which is now halfway through a two-year sale process, MacKenzie said.

"Cards on the table it’s challenging," he said, in response to a question whether BHP could hold on to, and responsibly wind down, the Australian unit. "All options remain on the table."
https://www.marketscreener.com/quote/stock/BHP-GROUP-6492795…

[Oginvest]

BHP Group's Ltd AGM Thursday 11 November 2021, 4.00pm (Melbourne time)

Speeches: https://www.bhp.com/-/media/documents/investors/shareholder-…

Presentation: https://www.bhp.com/-/media/documents/investors/shareholder-…

https://www.bhp.com/investors/presentations-events/meetings/bhp-group-limited-agm" target="_blank" rel="nofollow ugc noopener">https://www.bhp.com/investors/presentations-events/meetings/bhp-group-limited-agm
https://www.bhp.com/investors/presentations-events/meetings

[Bauer85]

Ich zweifle langsam an der Strategie von BHP. Sich auf Tier one Assets zu konzentrieren und S32 abzuspalten fand ich noch nachvollziehbar. Der Verkauf des Ölsandgeschäfts an BP fand ich auch gut. Den Verkauf der der Kohlemine in Kolumbien an Glencore war für mein Geschmack viel zu billig. Das Ölgeschäft wird mit Woodside Petroleum zusammen gelegt und ebenfalls ausgegliedert. Der Verkauf von BMC find ich auch zu billig (naja mich freut es als Stanmore Resources Aktionär). Jetzt soll noch Mcartur verschenkt werden. Für mich ist es nur noch ne Frage der Zeit bis BMA verkauft oder Abgestoßen wird.
Was bleibt dann noch von BHP? Eisenerz und Kupfer. Nickel ist sehr klein und wird jetzt hochgehalten. Die Kalimine muss erst noch gebaut werden und ist auch eher ein Nischengeschäft im Gegensatz zu Eisenerz. Wie schätzt ihr das ein?

[Oginvest]

BHP coal deal shines light on climate tech divide

MELBOURNE, Nov 8 (Reuters Breakingviews) - It almost requires specialist mining equipment to get to the bottom of BHP’s (BHP.AX), (BHPB.L) latest deal. It agreed on Monday to sell a coking coal business for $1.35 billion, but a rapid increase in the steelmaking ingredient’s price makes it hard to ascertain its underlying worth. What’s more, Stanmore Resources’ (SMR.AX) comparatively small size and the aversion of banks to the fossil fuel means it’s having to jump through some financing hoops. At its essence, though, the deal is a bold bet against climate technology.

The acquisition would be even riskier if thermal coal were changing hands. That’s used for power generation and is solidly in the crosshairs of attendees at the United Nations climate summit read more in Glasgow. Coking, or metallurgical, coal, on the other hand, has come under less pressure in the fight to limit global warming as there are no working replacements for it.

Green hydrogen proponents, not least Australian billionaire Andrew “Twiggy” Forrest, are working hard to change that. He has Fortescue Metals (FMG.AX), the miner he chairs, investing heavily in the renewable energy source, including an agreement last week with Papua New Guinea to investigate producing 2.3 million tonnes a year.

That will take years, however. Even so, not all coking coal is created equal. BHP boss Mike Henry is keeping the better-quality stuff, while selling only the lower-grade rock to Stanmore.

Assessing the risk isn’t easy. Lower-quality coking coal has almost tripled in value since May, according to energy research outfit Argus, clouding Stanmore’s purchase price in smog. The enterprise it’s buying is either worth just shy of 7 times EBITDA for the 12 months to Sept. 30, or 2.2 times the annualised EBITDA of the final quarter of that period.

And funding was hardly a doddle. No banks are involved, leaving Stanmore to lean on hedge funds and private equity firms – Varde Partners, Canyon Capital and Farallon Capital – to lend it $625 million. And Stanmore’s 75% owner, Singapore-based Golden Energy and Resources (GOLD.SI), will stump up at least 50% of the equity to pay for the rest and guarantee almost half the overall price tag. There’s precious little room for error to drive Stanmore’s deal into the pits.
https://www.reuters.com/breakingviews/bhp-coal-deal-shines-l…

[beton0815]

Antwort auf Beitrag Nr.: 69.834.981 von Daxtest am 07.11.21 10:23:38

Ähnlich wie Rio dreht der Kurs noch weiter ins Minus.

Könnte noch eklig werden hier.

[Oginvest]

BHP announces divestment of BMC interest

BHP today announced it has signed a Share Sale and Purchase Agreement to divest its 80 per cent interest in BHP Mitsui Coal (BMC), an operated metallurgical coal joint venture in Queensland.

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https://www.bhp.com/news/media-centre/releases/2021/11/bhp-a…