BHP Group Limited American Depositary Shares (Each representing two Ordinary (BHP)
49.68
-0.07 (-0.15%)
BHP Billiton Ltd is a leading global resources company that focuses on the extraction and production of essential minerals and natural resources
With a diverse portfolio, the company is heavily involved in the mining of commodities such as iron ore, copper, oil, gas, and coal, playing a crucial role in supplying the materials needed for various industries worldwide. BHP employs advanced technologies and sustainable practices to maximize its operational efficiency while minimizing environmental impact. Through its extensive operations in multiple countries, the company contributes significantly to the global economy and the development of local communities in which it operates.
Oil and gold are the first things that come to mind when investors think about mining and exploration stocks, but the sector is far more diverse and expansive than just two commodities. Coal, natural gas, construction materials like limestone, industrial metals like copper and aluminum, and even the lithium in our batteries, all come from mining companies.
G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has finalized its acquisition of tenements in Brazil’s Gurupi Gold Belt from BHP Group (NYSEBHP), including the CentroGold Project, which hosts 2.3 million ounces of JORC-compliant gold resources across ~1,900 square kilometers. The agreement includes a 1.0% NSR royalty on the first 1 million ounces of gold and 1.5% thereafter. G Mining plans to update the project to NI 43-101 standards in Q1 2025. Additionally, Vincent Benoit, Managing Partner and CIO of La Mancha Capital Advisory LLP, has joined G Mining’s Board of Directors, bringing over 30 years of corporate finance and mining expertise.
BHP plans to invest $14B in Chile to boost copper production, securing long-term assets and meeting global demand. Challenges include labor law violations.
Anglo American to sell 33.3% stake in Jellinbah Group to Zashvin for $1.1 billion and focus on copper, iron ore, and crop nutrients.Anglo American sells Jellinbah stake, focuses on copper, iron ore, and crop nutrients. Will net $5-6b from divesting remaining coal assets.
BHP backtracks on remarks about failed Anglo American bid, clarifies deal not off the table. Labor issues in focus as company expands in South America.
Wave ((i))-navy of wave 3-grey is unfolding to push higher. It will continue to push higher, while price must remain above the 23.6% level to maintain this position. The push lower shows wave ((ii))-navy is unfolding.
BHP predicts a 70% increase in global copper demand by 2050, driven by traditional growth, green energy, and digital developments. Supply faces challenges from aging mines and complex projects.
There are other stocks and economies that could benefit from the recent China interest rate cuts and stimulus, as the main Chinese stocks are crowded now
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