|Bid||27.16 x 837300|
|Ask||27.17 x 327100|
|Day's range||27.05 - 27.27|
|52-week range||22.06 - 28.82|
|PE ratio (TTM)||24.61|
|Earnings date||19 Feb. 2018 - 23 Feb. 2018|
|Forward dividend & yield||0.57 (2.60%)|
|1y target est||22.14|
It came down to the wire, but BHP Billiton Ltd., Vale SA and their Samarco joint venture managed to close a deal with prosecutors that distances the companies from 175 billion reais ($53 billion) in lawsuits....
Global miner BHP Billiton says it will not go back on its decision to sell its US onshore shale assets, which the company has identified as non-core, and hopes to make the sale within two years. Chief ...
BHP Billiton chief executive Andrew Mackenzie says the mining giant is confident that demand from China will remain strong despite a drop-off in housing and automotive. Mr Mackenzie will tell BHP shareholders at the miner's annual general meeting that China's so-called Belt and Road initiative will keep infrastructure spending high. "The Communist Party's drive to improve safety and the environment, and the efficiency of their industry, especially steel, will result in high premiums for the superior quality of our iron ore, coal and copper concentrate," Mr Mackenzie is expected to say.
Winter is the smoggiest season in China. The next few months will give commodity investors a chance to reassess whether the government is serious about curbing polluting industries. This year, coal-burning ...
Allegheny (ATI) will offer 17 million shares of common stock, the net proceeds of which will be used to fund redemption of all of outstanding 9.375% Senior Notes due 2019.
Strong Japanese corporate results had Tokyo stocks extending their rally early Thursday though the rest of Asia was quieter after mild gains on Wall Street overnight.
Mount Gibson Iron Limited (ASX:MGX) is an iron ore miner with a strong balance sheet, which I think has the potential to climb higher.
Shares in mining giants Rio Tinto and BHP Billiton are overvalued because investors are "too optimistic" about future growth in demand for commodities, according to a sector analyst. MorningStar's Matthew Hodge has recommended investors reduce their stake in BHP and sell Rio, saying the recent uptick in commodity demand and prices is just a "cyclical upturn" driven by China's 2016 stimulus. The renewed activity from China has helped push BHP and Rio into a strong recovery from steep falls in February 2016, when shares dropped to $14.27 and $37.03, respectively.
Shares in mining giants Rio Tinto and BHP Billiton are overvalued because investors are "too optimistic" about future growth in demand for commodities, according to a sector analyst. MorningStar analyst Matthew Hodge has recommended investors reduce their stake in BHP and sell Rio, saying the recent uptick in commodity demand and prices is just a "cyclical upturn" driven by China's 2016 stimulus. "Long term, structural headwinds remain and China's steel consumption is likely to decline in the next decade," Mr Hodge wrote in a note.
Since Elliott initiated a public conversation on BHP’s performance and opportunities to create value for all shareholders, BHP appears to have taken steps toward a smarter, more value-generative way of conducting business, and we support and encourage continued progress.
HONG KONG--(BUSINESSWIRE)-- May 16, 2017--Elliott today responded to the directors of BHP Billiton’s ‘do nothing’ approach to unlocking substantial additional value for its shareholders – reinforcing a call for shareholders worldwide to demand a halt to chronic underperformance at BHP. The response follows BHP’s swift dismissal of Elliott’s comprehensive Shareholder Value Unlock Plan proposals published on April 10, 2017, which offered a range of solutions to increase value and improve capital returns to shareholders. In documents released today, Elliott shows total shareholder returns at BHP have substantially underperformed Rio Tinto, a comparable portfolio, as well as the ASX 200, the FTSE 100 and the S&P 500 over the year to date and for the last two, three, four, five, six, seven and eight years.
Miner BHP Billiton on Monday announced it would drop the name Billiton in a re-branding exercise to build its standing as a major Australian company rather than a multinational giant. The world's biggest miner's Australian roots stretch back to the Broken Hill Proprietary Company which began operations in the Outback in 1885. It opened head offices in Melbourne the same year, but became BHP Billiton in a merger with the South African company that bore that name in 2001.
A US hedge fund plan for mining giant BHP Billiton to move its primary listing to London was shot down by the Australian government Thursday which warned of criminal charges if it went ahead. New York-based Elliott Advisors, a significant shareholder in the Anglo-Australian company, is pushing for BHP to restructure the business, arguing it could unlock as much as 50 percent more value in the stock. BHP bosses last month rejected the proposal but Australian media reports said representatives from Elliott, run by billionaire Paul Singer, were in Sydney and Melbourne this week to keep up the pressure.
Mining giant BHP Billiton reported a slump in copper output Wednesday as strike action at the world's largest mine for the metal dented production, while flagging the sale of some US shale assets. The world's biggest miner said copper production slid 44 percent to 227,000 tonnes in the first quarter of 2017 compared to the same period last year, revising down its annual forecast to between 1.33 million and 1.36 million tonnes. Earlier this month, Rio Tinto also reported a plunge in copper output due to the strike in Chile, where it has a 30 percent interest.
Mining giant BHP Billiton Tuesday rejected an activist hedge fund proposal that it restructure the business and spin off its US petroleum arm, saying the costs and risks outweighed any benefits. New York-based Elliott Advisors, a significant shareholder in the Anglo-Australian company, argued in a letter to directors and the media that its plan could unlock as much as 50 percent more value in the stock. It proposed merging the British and Australian entities into a single Australian-headquartered and Australian tax resident listed company.
Sydney, Australia, Mar 30, 2017 - (ABN Newswire) - At a time when the financial world seems to be mesmerised by the actions of (and the reactions to) the new Trump Administration in the US, concerned over ...
Workers at the world's largest copper mine, BHP Billiton's Escondida in Chile, ended a lengthy strike Thursday that had caused turbulence on global markets. With no breakthrough in sight in the testy negotiations, the miners' union decided to invoke an article of Chilean labor law that allows them to keep their old contract for another 18 months, union lawyer Marco Lopez told AFP. "We know it's not good for anybody, and would be a complicated situation," the mine's president, Marcelo Castillo, said just before workers made the announcement.