The price action in commodities in 2008 looks a lot like 2020.BHP is a leader in output.A higher low in BHP in 2020.Stimulus is the company’s best friend.Scale-down buying in BHP- In-the-money call options to protect capital.
Plenty of smart business people have been brainstorming ways to get Australia back to work as the government implements its recovery plan.
This generational association with Ford can be traced back to my grandad. He was a quality control engineer in the ’70s who owned various Fords of the time; Anglias, Cortinas, Mk1 and Mk2 Escorts. His evenings would be spent in the garage tuning Crossflow and…
Top Research Reports for Amgen, BHP, Altria & Others
I think of all the cars that were designed and prototyped but not actually put into production, one of my favorites is Volkswagen’s 1969 EA 266 prototype, an incredible mid-engined marvel of small-car packaging. I wrote about it back in 2014, but now, thanks …
Norway's $1 trillion sovereign wealth fund said on Wednesday it was excluding Glencore , Anglo American, RWE, Sasol and AGL Energy for their use and production of coal under updated ethical guidelines. Another set of companies - BHP , Uniper , Enel and Vistra Energy - were put under observation for possible exclusion at a later stage if they do not address their use or production of coal.
Peruvian copper mine Antamina, owned by global miners BHP and Glencore, on Monday reported 210 positive cases of coronavirus. The company said in a statement it discovered the cases while conducting 600 tests on its staff and contractors, 500 of which have been returned by the laboratory. It said that 87% of the positive cases were asymptomatic while those with signs of Covid-19 mostly had mild symptoms.
I last wrote on the uranium market in February 2017, “Supernova Investing: Uranium”. Please start here for full background, before you go down the nuclear/uranium rabbit hole; https://ibankcoin.com/ The Unforgiving Impact Of Covid-19 Envelopment of the globe by COVID-19 has been swift, and unforgiving. Most markets, especially commodity markets (save gold), are beset by demand destruction […]
South Korea's stock market has bounced back harder amid the coronavirus pandemic than any other major bourse in the world, and bond inflows lead Asia, as investors bet Seoul's handling of the crisis will see it through sooner and stronger than others. Asia's fourth-largest economy is among the first countries to bring a major outbreak of the virus under control, with a vigorous without mandatory lockdowns or a gigantic debt-funded rescue package. With one of the world's most vigorous testing regimes and social distancing campaign in place, South Korea's confirmed cases of the virus have been kept to less than 11,000 so far, with 240 deaths.
RM Sotheby's continues its run of high-profile automobile auctions with its sale of The Petitjean Collection as part of its European Sale, first announced in February. Lovingly assembled over 50 years by retired French racer Marcel Petitjean, the nearly-100-p…
Nickel spot prices were higher in April, and the LME inventory was about the same as last month. Nickel market news - Nickel miners in the Philippines hit by COVID-19 prevention measures. China’s plan to subsidize inventory stockpiling, likely to prov…
Western Australia battened down for its worst storm in 10 years on Sunday as the remnants of a tropical cyclone met a cold front with heavy rains and storm surges expected across the state's coast, officials said on Sunday.
A Chilean environmental court said on Tuesday it would investigate a complaint brought by the government against global miner BHP over allegations of damage to the northern Punta Negra salt flat. The First Environmental Court, based in the northern Chilean city of Antofagasta, said the complaint was brought by the State Defense Council against BHP. The complaint described "continuous, cumulative, permanent and irreparable environmental damage" to the salt flat, 170 kilometres southeast of Antofagasta.
The copper market will see a supply glut of 200,000 tonnes this year as the economic impact of coronavirus hits global demand for the metal, a Chilean industry group told Reuters. Diego Hernandez, president of Sonami, an association of mining companies with operations in top producer Chile, said both supply and demand would drop as the global economy falters. The association anticipates supply to fall by 3%, which, combined with a decline in scrap metal recovery, would leave a balance of 200,000 tonnes, Hernandez said.
Gainers • Cleveland-Cliffs, Inc. (NYSE:CLF) shares moved upwards by 7.23% to $3.78 during Friday's pre-market session. According to the most recent rating by Credit Suisse, on Apr 15, the current rating is at Neutral.• ArcelorMittal, Inc. (NYSE:MT) stock rose 5.93% to $9.64. The most recent rating by KeyBanc, on Mar 24, is at Overweight, with a price target of $13.• Alcoa, Inc. (NYSE:AA) stock rose 5.89% to $7.37. The most recent rating by Citigroup, on Apr 7, is at Neutral, with a price target of $7.• Teck Resources, Inc. (NYSE:TECK) stock increased by 5.74% to $8.29. The most recent rating by B of A Securities, on Mar 31, is at Neutral, with a price target of $8.• Freeport-McMoRan, Inc. (NYSE:FCX) shares rose 5.28% to $7.98. According to the most recent rating by Barclays, on Apr 16, the current rating is at Overweight.• BHP Group, Inc. (NYSE:BHP) stock increased by 5.08% to $40.57. According to the most recent rating by Argus Research, on Mar 3, the current rating is at Hold.• United States Steel, Inc. (NYSE:X) stock moved upwards by 4.75% to $6.83. The most recent rating by GLJ Research, on Apr 15, is at Sell, with a price target of $3.• Rio Tinto, Inc. (NYSE:RIO) shares moved upwards by 4.67% to $48.66. According to the most recent rating by BMO Capital, on Apr 1, the current rating is at Outperform.• BHP Gr, Inc. (NYSE:BBL) stock moved upwards by 4.19% to $33.07.• Mosaic, Inc. (NYSE:MOS) stock rose 3.97% to $11.26. The most recent rating by Susquehanna, on Apr 9, is at Positive, with a price target of $15. Losers • Gulf Resources, Inc. (NASDAQ:GURE) stock fell 21.82% to $3.01 during Friday's pre-market session.• Yamana Gold, Inc. (NYSE:AUY) shares declined 6.29% to $4.10. According to the most recent rating by Stifel, on Feb 11, the current rating is at Buy.• Endeavour Silver, Inc. (NYSE:EXK) stock fell 5.66% to $1.50. The most recent rating by H.C. Wainwright, on Apr 13, is at Buy, with a price target of $3.• Gold Fields, Inc. (NYSE:GFI) stock decreased by 5.37% to $6.34.• Coeur Mining, Inc. (NYSE:CDE) stock decreased by 5.24% to $4.07. The most recent rating by B. Riley FBR, on Apr 14, is at Buy, with a price target of $13.• DRDGold, Inc. (NYSE:DRD) shares decreased by 4.70% to $8.32. The most recent rating by H.C. Wainwright, on Feb 14, is at Buy, with a price target of $9.• Barrick Gold, Inc. (NYSE:GOLD) shares fell 4.56% to $23.86. The most recent rating by Deutsche Bank, on Mar 26, is at Buy, with a price target of $25.• Anglogold Ashanti, Inc. (NYSE:AU) stock declined 4.46% to $21.87. According to the most recent rating by UBS, on Feb 6, the current rating is at Neutral.• Newmont, Inc. (NYSE:NEM) stock decreased by 4.40% to $57.30. The most recent rating by Barclays, on Apr 16, is at Equal-Weight, with a price target of $58.• Kinross Gold, Inc. (NYSE:KGC) shares fell 4.31% to $5.88. The most recent rating by Credit Suisse, on Jan 23, is at Neutral, with a price target of $5.See more from Benzinga * Stocks That Hit 52-Week Highs On Thursday * 7 Basic Materials Stocks Gaining In Thursday's Pre-Market Session * 10 Basic Materials Stocks Moving In Wednesday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
BHP-backed SolGold Plc, the copper-gold company focused on Ecuador, has agreed a financing package of up to $150 million with streaming company Franco-Nevada Corp to develop its Alpala project, sending its shares up by around 10%. Toronto-listed Franco-Nevada, which provides miners and oil and gas producers with upfront cash in exchange for future production, will receive a perpetual 1% net smelter return (NSR) interest from SolGold. An initial funding of $100 million could be increased to $150 million, which would also increase the NSR for Franco Nevada, the company said in a release.
As mining heavyweights South Africa and Peru move to lift coronavirus lockdowns, workers in deep mines are resisting going back to work without adequate protective gear and information about cases at sites, with one major union filing legal action against restart plans. The workers fear being literal canaries in the coal mine in facilities where social distancing is nearly impossible and warn that companies are not divulging coronavirus cases, putting them at risk. Peru, which hopes to end its own lockdown on May 10, is the world's No. 2 copper producer and No. 6 gold producer.
Investors can retain BHP Group (BHP) stock in their portfolio, for the time being, on the company's solid prospects.
Cobalt spot prices were flat for the month and LME cobalt inventory was about the same.Cobalt market news - Both cobalt demand and supply have been down in Q1, 2020 due to COVID-19.Cobalt miners news - Ardea Resources maiden gold Resource, Cobalt Blue testwor…
Wild weather downed trees and left tens of thousands of people without power in Western Australia, as emergency services began cleaning up in Perth on Monday after some of the worst weather in a decade.
Filed under: Design/Style,Green,Crossover,Electric Unlike other traditional car brands, Dyson doesn’t have a fleet of profitable gasoline cars and diesel cars to offset the “huge losses” on every electric vehicle made — each Dyson electric car would have ne…
BHP Group (BHP) reports a 3% rise in iron ore production in the nine month period ended Mar 31, 2020 and also upholds its iron ore production guidance for the fiscal.
A lot of people gripe about BMW losing its edge. Formerly reserved for the greatest performance vehicles in its lineup, the M designation has migrated to encompass a rather large subset of the BMW fleet. While this has undoubtedly helped the brand boost its s…
BHP Group (NYSE: BHP) late Monday maintained its iron ore outlook.Production and OutlookBHP iron ore production for the third quarter increased 7% year-over-year to 60.03 kt with record production levels at Western Australian Iron Ore, the company said in a press release. BHP maintains the iron ore production guidance for 2020 financial year between 242 and 253 Mt.With petroleum production recording a 13% dip in the third quarter, 2020 guidance is expected to be at the bottom range of 110 to 116 MMboe.Energy coal production was down 18% and guidance for the same is currently under review as Cerrejon coal mine in Columbia is on brief care and maintenance to contain the COVID-19 epidemic.Steel production, excluding China, is seen to narrow by a double digit percentage in 2020 as steel makers from across Europe, the Americas, India and Japan are under shutdowns or curbed productions for the June quarter.CEO commentsBHP CEO Mike Henry said that while Chinese demand has built up in the recent weeks, the June quarter would experience narrowing demand from the U.S., Europe and India. Also, capital and exploration guidance for the 2021 financial year is expected to be lower than the current guidance of around $8 billion.BHP's stock closed Monday 3.2% lower at $38.77 per share and ticked lower another 2.2% in after-hours trading.See more from Benzinga * Wynn Resorts CEO Says Casino Prepared To Reopen In May With Thermal Cameras, Social Distancing * United Strikes Sale-Leaseback Deal On 22 Planes As Pandemic Shrinks Flights By 90% * Elliott Management's 'Gut Tells' Them Global Stocks Might Lose 50% In Value From February Levels(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The Barada Barna people discovered the fossil remains of some remarkably large Australian megafauna, including huge kangaroos and lizards.
the £500 million electric car that never was. The post first images: dyson reveals the design of cancelled £500m electric car appeared first on designboom | architecture & design magazine.
VALE drops along with the rest of Brazil. Brazil is commodity-rich, the currency is low, and its neighbor is belly up. 2008-2011 could be a model for the coming
CLF earnings call for the period ending March 31, 2020.
The Zacks Analyst Blog Highlights: Amgen, BHP, Altria, Apple and Target
BHP Billiton, Rio Tinto and Vale have to deal with the corona-crisis impacts.Rio Tinto seems to be the least impacted.The relatively stable iron ore prices help to support the companies.All the three companies are in a good shape, and they shouldn't have any …
Audi's RSQ8 is not short of power, but that hasn't stopped German tuning company MANHART from delivering the super-limited MANHART RQ 900.MANHART has taken the RSQ8, which is equipped with a 4.0 liter V8 bi-turbo engine originally producing 592 BHP, and has g…
SSRM earnings call for the period ending March 31, 2020.
Peru will gradually ease restrictions on key sectors including mining and construction in May, the government said in a decree on Sunday, after activity had been virtually paralyzed since mid-March by the coronavirus pandemic and a nationwide lockdown. In the decree published in the official newspaper El Peruano, the government said the exploitation, storage and transportation of large-scale mining could be restarted, as well as key construction projects, some related to hydrocarbons. Peru is the world's second largest producer of copper and is heavily dependent on the sector for economic growth.
BHP Group on Tuesday reported a 6.3% rise in third-quarter iron ore production that slightly missed analyst estimates, and maintained its iron ore forecast despite global economic disruption caused by the coronavirus outbreak. The world's largest listed miner warned, however, that global steel production excluding China could drop sharply this year in light of the pandemic, and that capital spending in 2021 would be lower than its current outlook of $8 billion. The company kept its annual outlook for iron ore production unchanged at 273-286 million tonnes but said petroleum output would likely hit the bottom end of previous guidance of 110-116 million barrels of oil equivalent.
as well as its rear wheel, the sci-fi design is constructed from a lightweight aluminum frame that pops in size and color. The post verge TS electric motorcycle runs with tron-like hubless rear wheel appeared first on designboom | architecture & design magazi…
Collapsing demand for zinc caused by the novel coronavirus will swamp supply cuts from major producers Peru and India this year and leave the market with a massive surplus that will weigh on prices of the material used to galvanise steel. This has pushed benchmark zinc prices down about 18% this year to around $1,920 per tonne. "With zinc you have a big demand problem and unless you see far more cuts in supply we are still expecting a healthy surplus this year," said Colin Hamilton, analyst at BMO Capital Markets.
Mining minister Baldo Prokurica, in an interview with Emol TV, credited both public and private measures aimed at protecting workers with the industry´s resilience even as the virus has ravaged other parts of Chile´s economy. "One realizes that Chile has been one of the countries that will be least hit by this pandemic," Prokurica told the web news broadcast. Prokurica said official statistics from Chile state copper agency Cochilco estimate a total reduction in output of about 63,300 tonnes, or approximately 1% of the country´s annual production.
Newmont Corp is looking to restart in as soon as days some of the four Canadian and South American gold mines that it shut last month to curb the spread of the new coronavirus, Chief Executive Tom Palmer said on Friday. The world's biggest gold miner wound down operations at its Yanacocha mine in Peru in mid-March and a week later placed two more mines in Canada and one in Argentina on care and maintenance as it sought to safe-guard the health of its workers and comply with government regulations.
It hasn't been the best quarter for BHP Group (ASX:BHP) shareholders, since the share price has fallen 20% in that...
Standard Chartered said the blockchain letter-of-credit transaction, between Rio Tinto and Chinese firm Baosteel, was the first to be denominated in Chinese yuan.