|Bid||40.30 x 0|
|Ask||40.31 x 0|
|Day's Range||39.95 - 40.43|
|52 Week Range||30.31 - 40.43|
|Beta (3Y Monthly)||0.65|
|PE Ratio (TTM)||39.36|
|Earnings Date||Aug 20, 2019|
|Forward Dividend & Yield||1.64 (4.34%)|
|1y Target Est||25.45|
Tighter environmental controls are pushing Chinese mills to go for higher-quality imported ore as opposed to domestic ore. Seaborne iron ore exporters including Vale (VALE), BHP Billiton (BHP), and Rio Tinto (RIO) generate more than two-thirds of the total seaborne iron ore supply.
Anglo American Plc, BHP Group Plc and AngloGold Ashanti Ltd. have contributed most to this year’s 28% advance for the sector. “We have seen a recovery in commodity prices, and that is positive for the share prices of mining companies, and the rand has also been weaker, which is helpful as the companies sell in dollars,” said Izak van Niekerk, a money manager at Mergence Investment Managers in Cape Town.
BHP, the world’s largest miner, said it had five tailings dams that would be at “extreme risk” of damaging the local environment and harming nearby residents if they failed. The Anglo-Australian group unveiled the results of a risk assessment of its dams on Friday in response to rising pressure from institutional investors. The pressure has intensified on all miners since two fatal accidents in Brazil that have left hundreds dead, one of which was a joint venture run by BHP.
Global miners BHP Group, Anglo American Plc and Glencore Plc revealed details on tailings dams, months after ethical investors sought the information following a second deadly dam disaster in Brazil. BHP, which operates 67 tailings facilities, said on Friday it has set up a tailings taskforce to further improve its focus on internal dam management and boost safety. The world's biggest miner added that a review undertaken to assess the management of tailings facilities following the 2015 Samarco disaster, which killed 19 people, had identified no immediate concerns regarding dam integrity.
LONDON/CONAKRY, June 5 (Reuters) - The race to mine Guinea's iron ore has started although the focus is not on its giant Simandou deposits but on smaller finds whose output could be transported via Liberia if ArcelorMittal shares its railway, banking and industry sources said. Guinea's aspirations to develop Simandou, the world's largest known untapped iron ore deposit, have foundered because of the cost of infrastructure and protracted legal disputes.
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before the Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the first […]
Canada's Nutrien Ltd , the world's biggest producer of potash fertilizer, said on Tuesday that it was evaluating whether to expand its annual production capacity by 5 million tonnes after 2023, around the time that metals miner BHP Billiton is considering a move into potash. In a presentation to investors in Toronto, Chief Executive Chuck Magro said the additional capacity would consist of expansions to existing Canadian mines during the next decade. Nutrien currently has some 5 million tonnes of idled potash capacity due to soft prices in recent years.
Canada's Nutrien Ltd , the world's biggest producer of potash fertilizer, said on Tuesday that it was evaluating whether to expand its annual production capacity by 5 million tonnes after 2023, around ...
Why Iron Ore Prices Are Bucking the Downtrend in Metals Prices(Continued from Prior Part)China’s steel demandAs the supply tightness in the seaborne iron ore market continues, there’s another factor supporting prices: Chinese steel demand.
Why Iron Ore Prices Are Bucking the Downtrend in Metals PricesIron ore pricesAs we discussed in Why Iron Ore Prices Could Have more Upside after Breaching $100, iron ore supply tightness and continued strong demand from China have driven iron ore
Is the Worst Behind Vale? BAML Upgrades the Stock to a 'Buy'(Continued from Prior Part)A slew of downgrades for Vale since JanuaryVale (VALE) has seen a lot of analyst downgrades since the dam tragedy struck in late January. A slew of downgrades
Neuberger Berman Group is an independent, employee-owned investment manager that was a part of Lehman Brothers. It was formed way back in 1939, and now it offers offices to its clients across 35 cities around the world. The firm manages fixed income, hedge fund portfolios, and equities for its clients, which include wealthy individuals, global […]
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
As Vale Warns of a Possible Dam Collapse, Iron Ore Surges(Continued from Prior Part)Reduced supply of iron oreIron ore miners, including Vale (VALE), BHP Billiton (BHP), and Rio Tinto (RIO), have signaled reduced iron ore production, and steel mills
Global miner BHP will hold on to the Australian nickel operations it previously put up for sale, while Rio Tinto is working on copper and lithium projects as the mining industry bets on demand for electric vehicle (EV) batteries. The biggest mining companies say they are well positioned to provide the metals needed for the shift to EV technology, although they acknowledge the political risks and environmental issues in some of the countries where the best supplies are found. Using more nickel also cuts costs by reducing the use of expensive cobalt, a mainstay of current EV batteries.
Vale's chief financial officer said on Friday that the Brazilian miner expects iron ore production at its Samarco joint venture with BHP Group Ltd to resume in the second half of 2020 after a tailings ...
The world's biggest diversified miners have yet to see their share prices reflect their role as providers of the minerals needed for a shift to a low-carbon economy. Mining companies provide minerals such as cobalt used in electric vehicle batteries and copper for increased electrification, and the sector's balance sheets are in rude health. Reminders of the dangers include a disaster in Brazil at a Vale tailings dam in January that killed an estimated 300 people, and a U.S. corruption investigation into Glencore, announced in April.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines May clings to latest Brexit target as hope of cross-party ...
Copper production at Chile's top mines dropped sharply in the first quarter of 2019, Chilean copper commission Cochilco said on Tuesday, amid a perfect storm of operational issues, heavy rains and falling ore grades at the largest deposits. Cochilco said world top copper miner Codelco saw output drop 17 percent from the same period in 2018 to 371,000 tonnes. BHP's Escondida copper mine - the world's largest - also saw production fall 14.8 percent to 274,800 tonnes in the first quarter.
Anglo-Australian mining giant BHP is facing a landmark, $5 billion (3.8 billion pounds) damages claim in England for being "woefully negligent" in the run-up to a 2015 dam failure that led to Brazil's worst environmental disaster, a lawsuit alleges. The claim, which will be largest group action to be heard in England, was served on the miner on Tuesday on behalf of 235,000 Brazilian individuals and organisations, including municipal governments, utility companies, indigenous tribes and the Catholic Church, according to law firm SPG Law. BHP spokesman Neil Burrows said the miner intended to defend itself against the proceedings, brought in the north western English city of Liverpool.
The oil giant has made incredible improvements since its 2010 oil spill and the oil price crash in 2015, but investors don't seem to be changing their view of the stock.
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