|Bid||35.31 x 0|
|Ask||35.32 x 0|
|Day's Range||34.97 - 35.36|
|52 Week Range||30.31 - 42.33|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||22.10|
|Earnings Date||Aug 21, 2019|
|Forward Dividend & Yield||1.92 (5.51%)|
|1y Target Est||25.45|
Chilean President Sebastian Pinera said on Monday evening he would meet opposition leaders to forge a "new social contract" to alleviate inequality as thousands of Chileans defied a military curfew in protest marches around the capital. Pinera struck a conciliatory tone in a national address from the Moneda Palace in Santiago after declaring on Sunday from the city's military barracks that the country was "at war" against vandals, a statement that sparked outrage in some quarters. Thousands of Chileans poured into Santiago's central squares on Monday to protest high living costs after a weekend of looting, arson and clashes with security forces killed 11 people.
Chilean authorities scrambled on Monday to clear wreckage and re-open public transportation in the capital Santiago after a weekend of chaos in which at least seven people were killed amid violent clashes, arson attacks and looting in cities throughout Chile. Several Chilean cities were engulfed by days of riots, along with peaceful protests, after a hike in public transport costs. The violence prompted President Sebastian Pinera to declare a state of emergency, placing the military in charge of security in the city of six million.
The union of workers at BHP's Escondida copper mine will hold a day-long strike on Tuesday in a show of solidarity with protests in Chile, the union president told Reuters on Monday. Violent clashes, arson attacks and looting in cities throughout Chile led to at least seven deaths over a weekend marked by chaos in the world's top copper producing country. Escondida is the world's largest copper mine.
Investing.com - Asian equities were mixed in morning trade on Thursday. Hong Kong markets climbed, led by property developers after the government announced measures to ease the city’s housing shortage.
Dividend paying stocks like BHP Group (ASX:BHP) tend to be popular with investors, and for good reason - some research...
The company faced a harsh commodities environment, something that has driven a number of similar companies in recent months to bankruptcy.
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The Church of England Pensions Board urged shareholder advisors on Wednesday to support a resolution asking the world's biggest listed miner BHP to leave groups which lobby for policies inconsistent with global climate change limitation goals. The board, which manages the retirement funds of clergy and other staff, has joined some other BHP shareholders in the resolution for BHP's London AGM next week to increase pressure over the issue and wants more shareholders to support it. "Corporate funding of lobbying, fuelled with shareholder funds, is continuing at pace," Adam Matthews, head of the board's ethics and engagement, said.
Production by Chile's state copper miner Codelco rose 9.3% year on year in August to 154,700 tonnes, but the total for the first eight months of 2019 dropped 8.4% to 1.06 million tonnes compared to the year-ago period, state copper commission Cochilco said on Monday. Production at BHP's Escondida copper mine, the world's largest, fell 8.5% year on year in August to 770,800 tonnes. At Collahuasi, majority owned by Anglo American and Glencore , production rose 0.5% year on year to 352,500 tonnes in August, the copper commission added.
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(Bloomberg) -- BHP Group has talked to Anglo American Plc Chief Executive Officer Mark Cutifani about running for the top job at the company, according to people familiar with the matter.BHP made the approaches earlier this year and again more recently, said the people, who asked not to be identified as the process is confidential. Cutifani rebuffed the company’s advances so far, they said. BHP favors an internal hire, but also wants to speak with external candidates, the people said.Spokesmen for Anglo and BHP declined to comment.Cutifani has said in previous interviews he planned to stay until Anglo finished its $5 billion Peruvian copper project Quellaveco, which may start production in 2022, by which time he will be in his mid-60s.There has been speculation for years about who might take the reins of BHP, the world’s biggest mining company, once Andrew Mackenzie steps down. Analysts have expected that Mackenzie, 62, could make an exit in 2020, by which time he would have held the job for seven years.BHP Chairman Ken MacKenzie, no relation to the CEO, has favored the idea of promoting an executive to the top job, which he views as less risky, according to the people. Current front-runners are Peter Beaven, the chief financial officer, Mike Henry, head of Australian operations and Daniel Malchuk, who runs the Americas business.Melbourne-based BHP is the biggest company in Australia and has long been seen as a national champion, but it hasn’t had an Australian-born boss since merging with Billiton Plc in 2001.Cutifani, who hails from Australia and has a background in mining engineering, has overseen one of the industry’s most successful turnaround stories in the past five years.He took the helm of Anglo in 2013 after the company lost billions in stock-market value from a disastrous foray into Brazilian iron ore. In 2015, Anglo faced down possible bankruptcy because of plunging metal prices and a heavy debt load.Cutifani steered the recovery by reducing Anglo’s debt burden, as well as cutting back on costs and employees. At one point, the company planned to sell half its assets, but later canceled the sales as prices for iron ore and copper started to roar back.Since the start of 2016, Anglo shares have risen sixfold, far outpacing other blue-chip mining shares. As profits recovered, Anglo has invested heavily in new projects, such as Quellaveco, while other mining companies have put a greater focus on returning cash to shareholders through dividends and share buybacks.BHP CEO Mackenzie, also appointed to his role in 2013, has worked to slash the size of BHP. He led the company through a $9 billion spin off of South32 in 2015 and a $10.5 billion exit from U.S. shale operations last year.To contact the reporters on this story: Thomas Biesheuvel in London at firstname.lastname@example.org;David Stringer in Melbourne at email@example.comTo contact the editors responsible for this story: Lynn Thomasson at firstname.lastname@example.org, Nicholas LarkinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The market for this essential industrial material tanked in recent years but there are signs it's settling down, with fewer big players in the market.
RIO DE JANEIRO/BRASILIA/SAO PAULO, Sept 17 (Reuters) - Faced with public outrage after its second mining dam collapse in four years killed at least 240 people in Brazil, Vale SA misrepresented what it had done to shut down its riskiest dams, a review of the company's statements shows. Fabio Schvartsman, Vale's then-chief executive, said at a nationally broadcast news conference days after the dam burst in late January that the company had already decommissioned nine "upstream dams" in the wake of a 2015 disaster involving the same type of structure, and planned to dismantle 10 more over the next few years. The company repeated the claim in a statement on its website.
RIO DE JANEIRO/BRASILIA/SAO PAULO (Reuters) - Faced with public outrage after its second mining dam collapse in four years killed at least 240 people in Brazil, Vale SA misrepresented what it had done to shut down its riskiest dams, a review of the company's statements shows. Fabio Schvartsman, Vale's then-chief executive, said at a nationally broadcast news conference days after the dam burst in late January that the company had already decommissioned nine "upstream dams" in the wake of a 2015 disaster involving the same type of structure, and planned to dismantle 10 more over the next few years. The company repeated the claim in a statement on its website.
BHP, a major producer of commodities such as iron ore and steelmaking coal, has a substantial oil-and-gas division that sets it apart from most of its peers and accounted for roughly 15% of the company’s underlying earnings in fiscal 2019.
In August 2019, BHP Group (ASX:BHP) announced its most recent earnings update, which indicated that the business...
Digging into the copper mining industry can reveal some potential investment opportunities and better explain what it takes to make money from an ore that is growing in value.
Several BHP Group shareholders, including the Church of England pension fund, are recommending the company suspend its membership in industry groups that advocate for policies inconsistent with the Paris climate change agreement. The resolution was filed on Tuesday by the Australasian Centre for Corporate Responsibility (ACCR) ahead of BHP's annual general meetings (AGM) in London and Sydney, the ACCR said in a statement. Co-filers included the Church of England Pensions Board and Grok Ventures, the private investment vehicle of Australian tech billionaire Mike Cannon-Brookes, as well as institutional investors that combined hold A$140 billion( $94.6 billion) under management.