BHP – Page 4 – Republic of Mining

BHP President, Minerals Americas Rag Udd Speech – (Economic Club of Canada – May 2, 2022)

May 4, 2022

Thank you for the opportunity to speak with you today. As a proud Canadian myself, it is great to be back in Canada visiting the teams in Saskatchewan and Toronto.

Today, I am going to focus on three key points:

The exciting period of development ahead for the resources industry;
The opportunities Canada has to benefit from this development; and
Our plans for investment in Canada, and in particular our new Potash investment in Saskatchewan

And you will have to forgive me, but as a Canadian mining engineer who has worked all over the world with different commodities, I have been accused of being overly enthusiastic about Jansen and potash – so I have asked the organisers to keep me crisp on timing so we have plenty of time for questions.

Chile sues BHP, Albemarle, Antofagasta over water use – by Cecilia Jamasmie (Mining.com – April 8, 2022)

April 8, 2022

https://www.mining.com/

The Chilean government of ecologist and feminist President Gabriel Boric is suing mines operated by giants BHP (ASX: BHP), Albemarle (NYSE: ALB) and Antofagasta (LON: ANTO) alleged environmental damage caused in the northern Salar de Atacama salt flats, the world’s driest place on earth.

The State Defense Council’s (CDE) legal action singles out BHP’s Escondida, the world’s largest copper mine, Antofagasta and Barrick’s 50-50 Zaldívar operation and Albemarle’s lithium assets.

Miners Are Scouring the Earth Again as Reserves Dwindle – by David Fickling (Washington Post/Bloomberg – February 16, 2022)

February 18, 2022February 18, 2022

https://www.washingtonpost.com/

Think your life has been unadventurous over the past few years, as the pandemic and closed borders have kept you bottled up at home? Spare a thought for the mining sector.

An industry built on the romance and horror of finding riches on the wild frontier — from the Klondike to Kimberley, Kolyma and Katanga — has for years barely needed to get out its passport.

‘The smart move is to buy it and break it up’: Speculation mounts as BHP examines Nutrien – by Gabriel Friedman (Financial Post – January 29, 2022)

January 31, 2022

https://financialpost.com/

Don Bilson inadvertently waded into a minor Canadian political maelstrom over foreign investment when he dashed off a 250-word note on Jan. 19 suggesting Australia’s BHP Group Ltd. may want to buy Saskatoon-based Nutrien Ltd.

“I made an offhand remark,” the head of event-driven research at Gordon Haskett Research Advisors in New York told the Financial Post, “and, for some reason, the Canadian press thought I put a national jewel in play.”

Foreign takeover rumour of Sask. potash company Nutrien a non-starter, says prof – by Jason Warick (CBC News Saskatoon – January 20, 2022)

January 21, 2022

https://www.cbc.ca/news/canada/saskatoon/

Speculation rose following the departure of Nutrien’s CEO in early January

More than 11 years after a failed takeover, Australian mining giant BHP could once again have its eyes on Saskatoon-based Nutrien, the world’s largest fertilizer maker.

Don Bilson, head of event-driven research at New York-based Gordon Haskett Research Advisors, made the suggestion this week in an interview with Bloomberg.

BHP Picks the Worst Moment to Return to Mining Megadeals – by David Fickling (Bloomberg News – January 20, 2022)

January 21, 2022

https://www.bloombergquint.com/

(Bloomberg Opinion) — Mining’s biggest dealmaker is getting out its checkbook again. It could scarcely have picked a worse time. BHP Group has built up its takeovers team and is looking at a transformational deal, people familiar with the matter told Bloomberg News this week.

Candidates could include copper miner Freeport-McMoRan Inc., Glencore Plc, or the base-metals business of Vale SA, the people said.

BHP to delist from London exchange as unification approved – by Cecilia Jamasmie (Mining.com – January 20, 2022)

January 20, 2022

https://www.mining.com/

BHP (ASX: BHP), the world’s largest mining company, will stop trading on the London Stock Exchange next week after Australian and UK investors approved plans to simplify the group’s corporate structure and have its shares listed exclusively in Sydney.

More than 96% of BHP shareholders voted in favour of unification at special meetings on Thursday, the company said. The move is one of a series of key changes chief executive Mike Henry has kicked off since assuming the top post in early 2020.

BHP revives appetite for deals with biggest rivals in sights – by Thomas Biesheuvel and Dinesh Nair (Bloomberg News – January 18, 2022)

January 20, 2022

https://www.bnnbloomberg.ca/

(Bloomberg) — After sitting dormant for more than a decade, BHP Group — once mining’s most aggressive dealmaker — is positioning itself for a return to large-scale M&A.

BHP has expanded its dealmaking team, including in London, and is interested in pursuing a transformational deal, according to people familiar with the matter who asked not to be identified discussing private information. The company is evaluating rivals including Freeport-McMoRan Inc. and Glencore Plc, they said, while emphasizing that there is no indication it is preparing any bids at this point.

BHP makes leap to riskier districts with plan to invest up to $100m in Tanzania’s Kabanga Nicke – by David MaKay (MiningMX.com – January 10, 2022)

January 10, 2022

Home 2024

BHP will invest up to $100m in Kabanga Nickel and has rights to make further investments in a major boost to the Tanzanian firm’s mine development plans.

If BHP invests the full $100m it will have a 17.8% stake in Kabanga Nickel valuing the Kabanga project at $658m. Describing itself as owning the world’s largest mine-ready nickel sulphide mine in the world, Kabanga Nickel is set to produce its first concentrate in 2025.

Australia’s Wyloo Metals hopes to have Ring of Fire nickel mine, access road by 2026 – by Niall McGee (Globe and Mail – December 23, 2021)

December 23, 2021

https://www.theglobeandmail.com/

Wyloo Metals Pty Ltd., the winner of a fierce bidding war for Noront Resources Ltd., hopes to have a large nickel mine in operation in the Ring of Fire, and an access road built into the remote minerals district in northern Ontario, within five years.

Earlier this week, BHP Group Ltd. said it was not willing to improve upon Wyloo’s offer of $617-million ($1.10 a share) for Noront, ending a seven-month battle. Wyloo, a private equity firm based in Perth, Australia, that specializes in investing in large resource projects, is backed by billionaire Andrew Forrest, founder of iron ore giant Fortescue Metals Group.

NEWS RELEASE: BHP announces it will not match Wyloo’s proposal to acquire Noront

December 21, 2021

TORONTO and MELBOURNE, Australia, Dec. 21, 2021 /CNW/ – BHP Lonsdale Investments Pty Ltd (“BHP Lonsdale”), a wholly owned subsidiary of BHP, today announced that it will not increase or extend its offer for Noront Resources Ltd. (“Noront”).

BHP Chief Development Officer, Johan van Jaarsveld, said: “BHP is committed to its strict capital discipline framework. While the Eagle’s Nest deposit is a promising resource, we do not see adequate long-term value for BHP shareholders to support an increase in BHP’s offer in order to match the C$1.10 per share proposal from Wyloo Metals Pty Ltd.”

BHP extends Noront bid deadline again amid Wyloo talks – by Cecilia Jamasmie (Mining.com – December 3, 2021)

December 3, 2021

https://www.mining.com/

BHP (ASX, LON, NYSE: BHP) has once again extended the deadline for Noront Resources’ (TSX-V: NOT) investors to accept or refuse its bid from December 14 to January 14, 2022, as talks with rival Wyloo Metals regarding the imminent takeover of the Canadian miner progress.

The world’s largest miner and the Canadian company have also amended a support agreement inked in July and amended on October 19 relating to Noront’s backing of BHP’s offer in order to extend the outside date in that agreement from December 14 to January 21, 2022.

BHP continues talks with Wyloo on acquiring Noront’s Ring of Fire assets – by Staff (Northern Ontario Business – November 24, 2021)

November 25, 2021

https://www.northernontariobusiness.com/

Melbourne miner extending bid offer to mid-December

BHP, the world’s largest mining company, said it needs more time to reach an agreement with rival Wyloo Metals on taking over Noront Resources and its Ring of Fire mineral assets in Ontario’s Far North.

In a news release, BHP said it continues to have discussions with Wyloo Metals, Noront’s largest shareholder at 37 per cent, regarding its potential support of BHP’s C$0.75 per share offer to acquire Noront. Noront is siding with the BHP bid.

BHP sees need for battery metals more than doubling in 30 years – by Cecilia Jamasmie (Mining.com – November 17, 2021)

November 17, 2021

https://www.mining.com/

As the pace and shape of the global transition to a greener economy has become a key issue globally, the need for battery metals will grow up to four times in the next 30 years, Vandita Pant, BHP’s chief commercial officer, said on Wednesday at the FT Commodities Asia Summit.

“Some of the modelling that we have done showed that in, let’s say a decarbonised world … the world will need almost double the copper in the next 30 years than in the past 30,” she told the audience at the inaugural session.

BHP hungry for more nickel, copper (Australian Mining – November 12, 2021)

November 12, 2021

Home

BHP is looking at investing in additional early-stage development projects as the company aims to grow its copper and nickel portfolio.

BHP chief executive officer Mike Henry spoke at the company’s annual general meeting on Thursday, suggesting the success of its current copper and nickel projects should inspire more developments to follow.