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BHP Annual Iron Ore, Copper Production Up; Steelmaking Coal Output Falls
By Rhiannon Hoyle Mining giant BHP Group said it produced more iron ore and copper over the past year thanks to new and acquired mines in Australia, but that it dug up less steelmaking coal amid
BHP Annual Production Meets Guidance After "Strong" Finish
(Alliance News) - $BHP Group Ltd(BHP.AU)$ on Wednesday said its annual production performance for its 2024 financial year met its prior guidance, while it also noted rising prices for copper and
BHP's FY24 Copper, Energy Coal Output Grows; Metallurgical Coal Production Falls
BHP Group (BHP.L, BHG.JO) said Wednesday its production of copper, iron ore, energy coal, and nickel increased year over year in fiscal 2024, while metallurgical coal output fell.
Miners' Upcoming Dividends May Surprise -- Market Talk
0435 GMT - Consensus expectations for how much miners BHP and Glencore will pay out to shareholders this results season seem too high, while estimates for Anglo American look too low, according to
BHP Nickel Restart Could Hinge on West Musgrave -- Market Talk
The West Musgrave project may be key to making BHP's nickel operations viable in the long run, UBS analyst Lachlan Shaw says in a note. He expects BHP will reset and restart its nickel operations, helped by improving market conditions later this decade, but says the miner needs to make the business cost-competitive first. "Otherwise, we believe a closure or a sale is most likely," he says. West Musgrave, acquired in BHP's acquisition of Oz Minerals, could give it extra nickel to displace third-party feedstock from FY 2029, and comes with a copper sweetener, says Shaw. Given nickel is a small part of BHP's business, the miner will likely "need high conviction to sanction" a restart, he says. UBS keeps a neutral rating and A$44 target on BHP, which is up 0.1% at A$43.11. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
BHP Coal-Production Guidance Disappoints Bull -- Market Talk
0222 GMT - BHP's metallurgical-coal production guidance for FY 2025 is underwhelming, Jefferies analysts say in a note. The miner's coal volumes are expected to decline sharply due to the sale of