UPDATE 1-BHP declares force majeure on Bowen Basin coal ...
BHP has interests in 11 coal mines in the Bowen Basin, with nine operated as joint ventures with Japan's Mitsubishi Corp. under the BMA name and two in partnership with Mitsui, …
BHP has interests in 11 coal mines in the Bowen Basin, with nine operated as joint ventures with Japan's Mitsubishi Corp. under the BMA name and two in partnership with Mitsui, …
BHP Chief Executive Officer Mike Henry last month said the plan to exit thermal coal was largely business-based, rather than being driven purely by a green agenda. There "wasn't any push toward becoming fossil-fuel free," he said at a shareholder meeting. "It was simply a cold-eyed assessment on how those commodities fit with the BHP ...
BHP's mining rival Rio Tinto staged an exit from the coal market from 2016 by selling New Hope its 40 per cent interest in the Bengalla thermal coal mine in 2016 for more than $800m, its Coal ...
Will record coal prices make BHP (ASX: ... Metallurgical coal from Queensland is paying around US$400/t for premium hard coking coal and US$340/t for hard coking coal, while thermal coal is ...
Save. When BHP Billiton executive Mike Henry moved to Brisbane to head the company's coking coal business at the start of 2015, most analysts and BHP itself thought prices of the steelmaking raw ...
The deal frenzy has extended to thermal coal, which has also enjoyed rising prices in 2016, but not to the same degree as coking coal. Benchmark …
BHP Billiton warned that rising supplies of iron ore, coking coal and copper would squeeze short-term prices, according to the Wall Street Journal.. The …
The sharp contrast in prices for iron ore and coking coal since May means BHP, which is a major producer of both commodities, would now probably make a …
BHP, the world's largest miner, has seen its plan to divest thermal coal assets stalled amid the recent rally in coal prices in the global energy crunch, sources with knowledge of the matter have told Bloomberg. BHP said last year that it would look to exit thermal coal projects...
BHP, the world's largest miner, has seen its plan to divest thermal coal assets stalled amid the recent rally in coal prices in the global energy crunch, sources with knowledge of the matter ...
BHP Group's exit from thermal coal is looking less certain as record prices and shifting investor attitudes put the brakes on its planned retreat from the dirtiest fuel, according to people ...
BHP hits resistance on coking coal prices. Many steelmakers favour longer-term fixed pricing arrangements. Save. Monday, 2 December, 2013. Fukushima nuclear accident.
COKING COAL DAILY: PCI prices fall amid thermal coal price drop; participants wait and see. Shanghai Oct 29, 2021 @ 13:52. AT A GLANCE: Glencore's coking coal production in Q3 up 32% year on year. Shanghai Oct 29, 2021 @ 08:08. COKING COAL DAILY: Premium cfr price softens after China customs clears stranded Australian coal.
BHP's thermal coal assets of New South Wales Energy Coal and Cerrejon "have further upside potential to be unlocked through productivity and growth, but are unlikely to compete for capital within BHP," chief executive Mike Henry said on an earnings call in August 2020.. A year later, as the rally in natural gas prices spurred another rally in coal and oil, the plan to exit thermal coal ...
Coking coal prices fall after BHP said it could lift force majeure sxcoal.com Company, Price, International 17:01:00 The price of the coking coal dropped 9% on April 21 to $263.4/t after one of the industry's biggest producers said it might lift a legal provision on coal sales in Australia, Financial Times reported on April 21.
BHP shares fell as much as 3% in London and were trading down 1.7% at 12:25 p.m. local time. Rival Rio Tinto Group rose 1% in London. Investors may be …
A push by BHP Billiton, the world's biggest resource company by market value, to have coking coal prices set by an index-based pricing system has encountered further resistance. BHP has been ...
BHP, the world's largest miner, has seen its plan to divest thermal coal assets stalled amid the recent rally in coal prices in the global energy crunch,...
BHP on Tuesday declared a bumper profit due to high iron ore prices, ... although it plans to retain coking coal, which is used to make steel. ... BHP also took an additional US$1.2bn hit over the ...
BHP's Sydney-listed shares dropped 8.4% in the two days after the deal was announced on Aug. 17 to close at A$47.70 ($34.44) on Wednesday. Woodside …
The company has been planning its thermal coal exit for at least two years — BHP has alreadysold a stakein the Cerrejon thermal coal mine in Colombia and is nearing a deal to sell some Australian coking coal mines. ... The recent surge in coal prices means those cash flows will likely more than cover the purchase cost.
3 China's coking coal futures notch new high; spot prices keeping rising . China's coking coal futures jumped 8% to hit their daily limit to close at a record high on September 2, fueled by a continued weak outlook for supply and rise in spot prices. The most-ac
Coking coal Hitting climate targets will more than double demand for copper, BHP chief says The world will need more than twice the amount of copper that it used in past three decades if it is to hit Paris Climate Agreement targets in the next …
For the first time in ten years, Australian BHP coking-coal workers will strike, calling for job security and wage increases. All seven of the BHP Billiton Alliance mines will walk off the job on ...
That's helped miners avoid the opprobrium, divestment and capital drought that's hit thermal coal of late — but with the world's fossil fuel-free steel mill starting operations this week, it's becoming an increasingly untenable position.BHP's reluctance to accept what was going to happen to the coal power industry in the 2010s cost its ...
BHP's shares were highly correlated to the price of coking coal for 2016, and for much of the past five years, but with the price surge in coking coal over the past two months, the company's ...
BHP (), which is based in Melbourne, Australia, said Tuesday that it will try to sell its 80% stake in the BHP Mitsui Coal joint venture, which owns two Queensland mines that produce lower-quality ...
Coal, including thermal and coking, accounts for some 5 percent. BHP last month listed the swing factors that could affect its core profit. The firm would receive a $42 million boost for each $1 increase on the price of a tonne of coking coal. Another dollar on the oil price would add $79 million to EBITDA in the current financial year, while ...
BHP Group, one of the largest diversified natural resource companies in the world, delivered a strong profit in the first half of the 2021 financial year and declared record half-year dividend of $1.01 per share and ROCE up to 24%, helping its shares soar over 5% on Monday.. The Anglo-Australian multinational mining, metals and petroleum dual-listed public company said its profit from ...
BHP tentatively invests in Australian coking coal. Australia's largest coking coal producer BHP Mitsubishi Alliance (BMA) has applied to extend its Caval Ridge mine, as rallying coking coal prices and changes in trade flows see investment return to the sector despite Beijing's informal ban on Australian coal imports.