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BHP

BHP Group Limited

https://www.bhp.com

Industry

Industrial Materials

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal. The company is also involved in the mining, smelting, and refining of nickel, as well as potash development activities. In addition, it provides towing, freight, marketing and trading, marketing support, finance, administrative, and other services. The company was founded in 1851 and is headquartered in Melbourne, Australia.

Open

49.25

Mkt cap

63B

Volume

2.3M

High

49.59

P/E Ratio

11.04

52-wk high

63.21

Low

48.98

Div yield

0.05

52-wk low

48.06

American Battery Technology commercializes its recycling tech in Reno, Nevada, exceeding capacity expectations with support from U.S. grants and tax credits. BHP's $42B bid for Anglo American is rejected, aiming to increase copper exposure. Cleveland-Cliffs supports tariffs on Japanese tin products, emphasizing U.S. steel industry protection. Steel Dynamics announces a Q2 cash dividend, and Nucor's EVP retires, succeeded by Randy J. Spicer.

Portfolio Pulse from austin@walkonholdings.com

May 13, 2024 | 8:32 pm

The board of Anglo American has unanimously rejected the latest takeover bid from BHP, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:44 pm

BHP Group made a revised proposal for a potential combination with Anglo American, which was subsequently rejected by the Anglo American board.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:12 pm

BHP (NYSE:BHP) and Ivanhoe Electric (NYSE:IE) have formed a partnership to explore copper and other critical minerals in Arizona, New Mexico, and Utah. The collaboration aims to support the energy transition and electrification revolution through the discovery of new mineral sources. The partnership will operate through 50/50 joint ventures in selected areas, with an initial project generation phase funded by BHP with $15 million and utilizing Ivanhoe Electric's Typhoon system for exploration.

Portfolio Pulse from Stjepan Kalinic

May 10, 2024 | 1:10 pm

Gold King, a subsidiary of U.S. Gold (NYSE:USAU), received a key permit from the Wyoming Department of Environmental Quality, advancing its project development. Ivanhoe Electric (NYSE:IE) and BHP (NYSE:BHP) launched a mining alliance to explore and develop projects in the Southwest U.S., with BHP funding $15 million initially. Compass Minerals (NYSE:CMP) reported fiscal Q2 results, announcing dividend suspension to save $25 million annually and other cost-saving measures. Idaho Strategic Resources (NYSE:IDR) signed an MOU with Radiant Industries to potentially operate meltdown-proof microreactors.

Portfolio Pulse from austin@walkonholdings.com

May 08, 2024 | 8:12 pm

BHP Group Limited (NYSE:BHP) and Ivanhoe Electric Inc. (NYSE:IE) have entered into an Exploration Alliance Agreement to explore areas in the U.S. for potential 50/50 owned joint ventures. The alliance, funded initially by BHP with $15 million, aims to identify critical mineral sources necessary for the energy transition. The exploration will utilize Ivanhoe's Typhoon™ and CGI technologies across six areas in Arizona, New Mexico, and Utah. Investors can also gain exposure to these developments through ETFs like CRIT and BATT.

Portfolio Pulse from Lekha Gupta

May 08, 2024 | 4:08 pm

Ivanhoe Electric (IE) has announced an exploration alliance with BHP to expedite the search for copper and other critical minerals in the United States. This partnership aims to leverage both companies' resources and expertise to address the growing demand for these essential resources.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:49 am

Anglo American rejected BHP Group's $39B bid, potentially starting a bidding war with Glencore. Gold Resource reported Q1 results with a net loss and detailed production figures. The U.S. Department of Commerce is acting against aluminum dumping, affecting several countries and benefiting Tredegar. Nexa Resources reported a significant quarterly loss but exceeded sales expectations.

Portfolio Pulse from austin@walkonholdings.com

May 03, 2024 | 8:05 pm

RBC Capital Markets analyst Marina Calero suggests a Glencore (OTC:GLNCY) and Anglo American (OTC:NGLOY) merger would offer more synergies than BHP Group's (NYSE:BHP) $39 billion offer for Anglo American. The potential Glencore-Anglo merger could leverage closer asset proximity and marketing synergies, particularly in copper and coal sectors. Anglo American rejected BHP's offer, citing it as too low and unattractive due to conditions requiring divestitures of Anglo American Platinum Ltd. (OTC:ANGPY) and Kumba Iron Ore Ltd. (OTC:KIROY). A Glencore-Anglo merger might retain these assets, offering a strategic advantage.

Portfolio Pulse from Matt Whittaker

May 03, 2024 | 5:46 pm

Anglo American (OTCQX:NGLOY) is potentially facing a bidding war as Glencore (OTCPK:GLCNF) considers making an offer after BHP (NYSE:BHP) had its $39-billion bid rejected. Discussions within Glencore are still preliminary. BHP is considering an improved offer and has sent executives to South Africa to discuss its proposal, focusing on divesting Anglo's South African assets. The situation is complicated by Glencore's ongoing acquisition of Teck's coal assets and the complex political landscape in South Africa. Copper assets, like those owned by Anglo American in Chile and Peru, are seeing increased valuation due to their importance in clean energy technologies.

Portfolio Pulse from Stjepan Kalinic

May 03, 2024 | 12:43 pm

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