BLT.L - BHP Billiton plc

LSE - LSE Delayed Price. Currency in GBp
1,634.20
-4.40 (-0.27%)
At close: 4:36PM BST
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Previous Close1,638.60
Open1,653.40
Bid1,615.00 x 126000
Ask1,685.00 x 50000
Day's Range1,624.80 - 1,657.00
52 Week Range1,121.75 - 1,803.60
Volume5,945,340
Avg. Volume9,298,326
Market Cap86.999B
Beta1.22
PE Ratio (TTM)18.55
EPS (TTM)88.10
Earnings DateFeb 19, 2018 - Feb 23, 2018
Forward Dividend & Yield0.72 (4.42%)
Ex-Dividend Date2018-03-08
1y Target Est21.73
  • BHP Sells Smallest Copper Mine in Chile for $320 Million
    Zacksyesterday

    BHP Sells Smallest Copper Mine in Chile for $320 Million

    BHP Billiton (BHP) to sell its smallest copper mine in Chile, in sync with its plans to focus on large scale projects henceforth.

  • Reuters2 days ago

    BHP to sell Chilean copper mine to private equity fund

    BHP (BHP.AX) (BLT.L) said on Tuesday it has agreed to sell the Cerro Colorado copper mine in Chile to Australian private equity fund EMR Capital. The world's biggest listed miner said it agreed a cash deal worth $230 million (£174.7 million) in addition to $40 million in proceeds from the post-closing sale of the mine's copper inventory and a contingent payment of up to $50 million to be paid in the future, depending on copper price performance. "We look forward to adding Cerro Colorado to our portfolio as copper is one of our four core commodities and offers excellent demand and supply fundamentals for decades into the future," EMR chief executive officer Jason Chang said in a statement.

  • Reuters2 days ago

    BHP to sell Chilean copper mine to private equity fund

    BHP said on Tuesday it has agreed to sell the Cerro Colorado copper mine in Chile to Australian private equity fund EMR Capital. The world's biggest listed miner said it agreed a cash deal worth $230 million in addition to $40 million in proceeds from the post-closing sale of the mine's copper inventory and a contingent payment of up to $50 million to be paid in the future, depending on copper price performance. "We look forward to adding Cerro Colorado to our portfolio as copper is one of our four core commodities and offers excellent demand and supply fundamentals for decades into the future," EMR chief executive officer Jason Chang said in a statement.

  • The Wall Street Journal2 days ago

    [$$] BHP Billiton to Sell Cerro Colorado Copper Mine for Up to $320 Million

    The mining company agreed to sell its Cerro Colorado copper mine in Chile to private-equity manager EMR Capital for up to $320 million.

  • BHP Finds Buyer for Chile Copper Mine After Yearlong Search
    Bloomberg2 days ago

    BHP Finds Buyer for Chile Copper Mine After Yearlong Search

    BHP Billiton Ltd. agreed to sell its smallest copper mine in Chile to EMR Capital Advisors Pty for as much as $320 million as the world’s biggest mining company focuses only on major operations. The Melbourne-based private equity firm’s acquisition of the Cerro Colorado mine ends a protracted attempt by BHP to offload the asset. While Deutsche Bank AG said in a report last year it could fetch $800 million, BHP agreed to $230 million in cash, plus $40 million in proceeds from copper stocks and about $50 million depending on where copper prices go.

  • Reuters3 days ago

    Exclusive - Anglo American wins permits to explore for copper in north Brazil

    Miner Anglo American Plc (AAL.L) clinched hundreds of permits this month to explore for copper in a remote part of northern Brazil, Brazilian authorities said, as the growing electric vehicle market and a scarcity of shovel-ready mining projects fuels demand for the metal. A major copper find, if confirmed, would cheer the mining industry which is eying a looming shortfall for the red metal, prized as an electricity conductor, after years of shrunken exploration budgets meant little in the way of promising new discoveries.

  • Oil stocks help FTSE outperform amid trade tensions
    Reuters3 days ago

    Oil stocks help FTSE outperform amid trade tensions

    Britain's top stock index dipped on Monday as trade tensions between the United States and China kept the pressure on equity markets across Europe, weighing on multinational companies. The FTSE 100 fell 0.03 percent to its lowest since May 30 but substantially outperformed other European stock markets. Strong energy stocks underpinned the FTSE 100, while a weaker pound also boosted the index's mainly exporting companies.

  • BHP Board Approves South Flank Project to Replace Yandi
    Zacks3 days ago

    BHP Board Approves South Flank Project to Replace Yandi

    BHP Billiton's (BHP) capital efficient South Flank project will leverage and expand the existing Mining Area C hub. It is anticipated to be a highly-competitive operation.

  • Reuters4 days ago

    FOCUS-Pipe dream? Chevron, Woodside vie to shape Australia's LNG sector

    After spending a decade and billions of dollars developing Australia's vast gas reserves, U.S. energy giant Chevron Corp and local firm Woodside Petroleum are at odds over the pace and timing of the next leg of expansion. Shipments of liquefied natural gas (LNG) have become one of Australia's biggest exports and a key source of revenue for many energy majors, so any hurdles in the sector's development could strike a substantial blow.

  • Reuters6 days ago

    Trade tariffs send FTSE to fourth straight week of losses

    By Helen Reid LONDON (Reuters) - An escalating U.S.-China trade spat sent UK stocks tumbling on Friday, sinking oil and mining shares in a broad reversal across European markets. U.S. President Donald ...

  • BHP, partners to build $3.4 billion iron ore mine in Australia
    Reuters6 days ago

    BHP, partners to build $3.4 billion iron ore mine in Australia

    LONDON/MELBOURNE (Reuters) - BHP (BHP.AX) (BLT.L) on Thursday approved $2.9 billion (2.19 billion pounds) in spending to build a new iron ore mine in Australia, the top global miner's biggest investment commitment in seven years. The South Flank mine in the state of Western Australia is due to produce its first ore in 2021, replacing the 80 million tonnes-per-year Yandi mine. "We wanted to target an opportunity that would allow us to play to that continued strength in demand for higher quality ore," BHP's Minerals Australia President Mike Henry told reporters on a conference call from London.

  • Reuters7 days ago

    UK stocks join European rally after ECB signals rate hike further away

    Britain's main stock index rose on Thursday after the European Central Bank signalled interest rates would remain steady through next summer, easing investors' concerns about tightening monetary policy. The ECB announced it would end its unprecedented bond purchase scheme by the end of this year, but said it would maintain rates at record lows at least through the summer of 2019. The FTSE 100 (.FTSE) climbed 0.8 percent to a three-week high, having fallen as much as 0.7 percent earlier when a more hawkish rates outlook from the U.S. Federal Reserve weighed on equities.

  • Financial Times7 days ago

    [$$] BHP approves $2.9bn development of South Flank iron ore project

    BHP Billiton will spend $2.9bn expanding its South Flank iron ore project in Western Australia, targeting 25 years of further production of the key steelmaking ingredient. The move comes as steel mills in China are increasingly using higher-quality iron ore in an effort to cut down on pollution and improve efficiency. The country imported a record 1.07bn tonnes of iron ore in 2017.

  • Bloomberg7 days ago

    BHP Gives Go Ahead for $2.9 Billion Australia Iron Ore Project

    BHP Billiton Ltd. approved the $2.9 billion development of its South Flank iron ore project in Western Australia to replace existing mines. The world’s biggest mining company expects production to start in 2021 at the project, which is intended to replace depleting mines rather than adding new supply, BHP said in a statement Thursday. The development of South Flank will help BHP increase the quality of its iron ore at a time when high-grade material is selling at a premium.

  • U.S. energy firms chasing oil price rally stumble on old baggage
    Reuters8 days ago

    U.S. energy firms chasing oil price rally stumble on old baggage

    With oil price recovery taking hold, several U.S. oil and gas companies entered 2018 with a compelling plan - sell undeveloped or less essential fields and invest the money to boost returns from their sweetest, most productive spots. After a bruising downturn, shareholders are looking to get a cut of improved profits and asset sale proceeds rather than underwrite acquisitions, those involved in these deals say. "Oil and gas companies are no longer rewarded for simply 'grabbing land' and public investors have become more discerning regarding acquisitions," notes Jon Marinelli, head of U.S. energy investment and corporate banking at BMO Capital Markets.

  • Reuters8 days ago

    U.S. energy firms chasing oil price rally stumble on old baggage

    With oil price recovery taking hold, several U.S. oil and gas companies entered 2018 with a compelling plan - sell undeveloped or less essential fields and invest the money to boost returns from their sweetest, most productive spots. After a bruising downturn, shareholders are looking to get a cut of improved profits and asset sale proceeds rather than underwrite acquisitions, those involved in these deals say. "Oil and gas companies are no longer rewarded for simply 'grabbing land' and public investors have become more discerning regarding acquisitions," notes Jon Marinelli, head of U.S. energy investment and corporate banking at BMO Capital Markets.

  • Colombia vote worries oil, mining investors
    Reuters9 days ago

    Colombia vote worries oil, mining investors

    Investors in Colombia's oil and mining sectors have much at stake in Sunday's presidential race with the frontrunner pledging business-friendly measures to revive production while his leftist rival wants to end reliance on petroleum and coal, the country's top exports. Leftist candidate Gustavo Petro, a former member of the M-19 guerilla group, has promised to overhaul state-run oil firm Ecopetrol SA (ECO.CN), the South American nation's biggest company, to refocus it on renewable energy. Ecopetrol is responsible for about 60 percent of Colombia's flagging oil production of around 830,000 barrels per day and operates export pipeline infrastructure.

  • Why Analysts Are Becoming Bearish toward Rio Tinto
    Market Realist9 days ago

    Why Analysts Are Becoming Bearish toward Rio Tinto

    Which Stocks Are Analysts Favoring amid High Volatility? Of the 13 analysts covering Rio Tinto (RIO) stock, 61% recommend “buy,” 31% recommend “hold,” and 8% recommend “sell.” One year back, 80% of analysts recommended “buy.” In comparison, of the analysts covering BHP Billiton (BHP) and Vale (VALE), 53% and 56% recommend “buy,” respectively. Cleveland-Cliffs (CLF), which is mainly exposed to the US domestic market, has “buy” recommendations from 54% of analysts covering the stock.

  • Reuters10 days ago

    BHP, union at Chile's Spence copper mine reach labour agreement

    Unionised workers at BHP's (BLT.L) (BHP.AX) Spence copper mine in northern Chile agreed on Monday to a new collective labour contract, the company and the union said. The deal comes as the Anglo-Australian miner begins talks with the nearly 2,500-member union at its Escondida copper mine in northern Chile, the world's largest, little more than a year after a historic strike shut the mine for 44 days, depriving BHP of $1 billion in production. Ronald Salcedo, president of the workers' union at Spence, said the new 36-month contract includes a one-time bonus of nearly $21,500 per worker and a 2 percent increase over current base salaries.

  • BHP responds to contract proposal from union at Chile's Escondida mine
    Reuters10 days ago

    BHP responds to contract proposal from union at Chile's Escondida mine

    Global miner BHP (BLT.L) (BHP.AX) said on Monday it had responded to the latest contract proposal from unionized workers at its Escondida copper mine in Chile, the world's largest, triggering a new round of talks that could last a month or more. The company's response marks the start of a final round of negotiations more than a year after an historic strike at Escondida in early 2017 shut down the mine for 44 days, jolting the copper market and depriving BHP of $1 billion in production. Workers at the time opted to utilise a provision of Chile's labour law that allows unions to extend the previous contract for 18 months.

  • What Analysts Expect to Drive BHP Billiton’s Earnings Growth
    Market Realist10 days ago

    What Analysts Expect to Drive BHP Billiton’s Earnings Growth

    BHP Billiton’s (BHP) stock had gained 12.5% year-to-date as of June 7, while the SPDR S&P Metals and Mining ETF (XME) had gained 5.3%. Whereas the stock’s performance over the first three months of the year was negative due to weak iron ore prices, it picked up in April. Along with higher commodity prices, company-specific factors boosted the stock. BHP expects to monetize its US shale assets, which should be positive given the benign oil price environment. Its shale assets have received bids from oil giants BP (BP), Royal Dutch Shell (RDS. ...

  • Why Barclays Prefers BHP Billiton over Rio Tinto
    Market Realist10 days ago

    Why Barclays Prefers BHP Billiton over Rio Tinto

    Of the 17 analysts covering BHP Billiton (BHP), 53% recommend “buy,” 41% recommend “hold,” and 6% recommend “sell.” Their consensus target price for BHP is $33.20, which implies a 1% downside based on its current market price. Unlike BHP, peers (XME) Vale (VALE), Cleveland-Cliffs (CLF), and Freeport-McMoran (FCX) have an upside potential based on their target prices.

  • Reuters10 days ago

    Workers at BHP's Spence copper mine in Chile approve labour contract

    Unionised workers at BHP Billiton's (BLT.L) (BHP.AX) Spence copper mine in northern Chile have approved a new labour contract, union president Ronald Salcedo said on Monday. Spence is one of the Anglo-Australian miner two mines in Chile. Salcedo said the 36-month contract at Spence, which includes a one-time bonus of nearly $21,500 per worker, was approved by 87 percent of the union's approximately 900 members.

  • Reuters13 days ago

    Escondida union in Chile optimistic will reach deal with BHP

    The union at BHP's (BLT.L) (BHP.AX) Escondida copper mine in Chile said on Friday that it saw a "favourable scenario" for reaching a deal on a new labour contract with the company, citing higher copper prices. "A favourable scenario has emerged for developing negotiations to reach a satisfactory agreement," the union said in a statement, noting that the price of copper had climbed to its strongest in 4-1/2 years this week. The price of copper on the London Metal Exchange CMCU3 has risen more than 50 percent since hitting a nine-year low in 2016, boosting profits globally and potentially providing unions more leverage in negotiations.

  • Reuters14 days ago

    Chile copper export revenue at 4-yr high but trade surplus shrinks

    (Adds lithium exports and background) SANTIAGO, June 7 (Reuters) - Chilean copper export revenue hit its highest level in four years as crunch wage negotiations with workers at the country's biggest mine sent prices to a 2018 high, central bank data showed on Thursday. Even so, the world's leading copper producer's trade surplus fell by more than 30 percent to $679 million in May from $983 million in April. Analysts attributed the drop to firmer import revenue due to high fuel prices and rebounding investment given the new business-friendly government, while export revenues increased at a lower rate.