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ASX:BHP

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Asia

ASX Midday Sector Update: Financials Stocks Gain, Materials Struggle

Financial stocks advanced nearly 1% to lead gainers in midday trading Friday amid prospects for another benchmark interest rate hike this year.Macquarie Group (ASX:MQG) fell almost 2% after its Macquarie Asset Management unit and co-investors agreed to acquire a majority stake in SI Solutions from MidOcean Partners.On the flip side, materials stocks shed over 4% as the price of copper slid.BHP Group (ASX:BHP) faces a union-funded class action lawsuit after it required thousands of miners to work on Christmas and Boxing Day holidays at a Queensland mine in 2019. The company's shares declined nearly 5%.

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Asia

BHP Group Faces Class Action Over Holiday Work Rosters

BHP Group (ASX:BHP) faces a class action lawsuit after it required thousands of miners to work on Christmas and Boxing Day holidays at a Queensland mine in 2019, Australia's Mining and Energy Union said Thursday.The union, which is funding the class action, said the lawsuit seeking compensation "could cover up to 7,000 workers" and "deliver millions in compensation if successful."The move follows an Australian Federal Court ruling that BHP's Operations Services violated national employment standards when rostering workers on those holidays.The hearing for the case is set for Nov. 9, and the union said it may pursue further litigation on behalf of other cohorts of mineworkers who were unlawfully required to work public holidays.BHP did not immediately respond to a request for comment from.

ASX:BHP
Asia

ASX Midday Sector Update: Materials Sector Struggles, Leads Broad-Based Decline

The materials sector struggled the most amid a broad-based decline, shedding almost 3% at midday Thursday.BHP Group (ASX:BHP) shares fell past 3% in recent trade after its new Rio Doce Agreement reparations deal with Brazil made progress, with new funds released since June.

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Asia

BHP Group Reports New Rio Doce Agreement Progress With Over 1 Billion Brazilian Reais in Fresh Reparations Funds Released

BHP Group (ASX:BHP) said its new Rio Doce Agreement reparations deal with Brazil has made progress, with new funds released since June, including 850 million Brazilian reais for environmental conservation, 243 million reais for healthcare, and 87.6 million reais for economic development in Mariana, according to a Wednesday statement.An additional 32.4 million reais was transferred by the Rio Doce Fund for the management of federal conservation units, the company said.As of April, 42.11 billion reais had been allocated under the new agreement, encompassing payments to federative entities and financial aid and compensation to affected individuals, it added.

ASX:BHP
Asia

BHP Group Prepares for New South Wales Mine Closure in 2030

BHP Group (ASX:BHP) introduced a range of support programs for its workforce, including paid training through nationally recognized training programs as part of its preparations to cease mining at New South Wales' Mt Arthur Coal in 2030, according to a Tuesday statement by the company.As of August, more than 200 Mt Arthur Coal employees had already taken up the opportunity to undertake free study, the company added.

ASX:BHP
Asia

BHP Group, Rio Tinto Shares Advance as Iron Ore Price Crosses $100 Mark

BHP Group (ASX:BHP) shares rose past 1%, and Rio Tinto Group (ASX:RIO) climbed nearly 1% in recent Monday trade as iron ore prices recorded gains.Iron ore futures increased as much as 1.6% to $101.10 per ton in Singapore, surpassing the $100 mark for the first time in seven weeks, partly on expectations for increased buying from China ahead of holidays in October, Bloomberg reported.

ASX:BHPASX:RIO
Asia

Worley Awarded Contracts by BHP for South Australia Project Expansion

Worley (ASX:WOR) said BHP Group (ASX:BHP) awarded the firm contracts to provide study and engineering, and procurement and construction management (EPCM) services for expansion projects at the Olympic Dam and Carrapateena projects in South Australia, according to a Monday Australian bourse filing.The expansion projects remain subject to final investment decision by BHP.Worley will deliver study and EPCM services across multiple project phases for potential block cave development and associated infrastructure at Olympic Dam, and the potential expansion of Carrapateena's underground operations and processing infrastructure.Worley's shares climbed 2% in recent trading on Monday.

ASX:BHPASX:WOR
Asia

BHP Group Reaffirms WAIO Commitment Amid Partnership Speculation

BHP Group (ASX:BHP) reaffirmed its commitment to Western Australia Iron Ore (WAIO) amid media speculation over a potential partnership involving part of the business, according to an Australian bourse filing on Sept. 4 after market hours.The company said it has a long history of partnerships and regularly explores options that could create long-term value for shareholders, while WAIO remains central to its portfolio.

ASX:BHP
Asia

BHP Group's Outgoing Chief Commercial Officer to Join Albemarle as CEO

BHP Group's (ASX:BHP) Chief Commercial Officer Ragnar Udd, who is set to depart from the firm at the end of January 2027, will join US-based Albemarle as chief executive, effective Feb. 1, 2027, according to a statement late on Thursday.BHP's shares were down nearly 2% in recent Friday trade.

ASX:BHP
International

Copper Prices Rise Above $14,000 per Tonne Due to Supply Shortage, ANZ Says

Copper prices have risen above $14,000 per tonne due to supply tightening on multiple fronts, ANZ Research said in a Thursday report.The export ban on copper concentrate by the Democratic Republic of Congo tightened the market, while copper concentrate production from producers such as Chile and Peru disappointed, with mining output falling in June. China's refined copper output fell 3% year-over-year to 1.1 million tonnes in June.South American production is forecast to contract by 3% to 8.5 million tonnes within the year, marking a consecutive year of decline.Tariff-driven metal flows into the US also continue to distort the global copper balance.The squeeze pushed the cash-to-three-month futures spread to a multi-year high of $400 per tonne before it normalized to around $100 per tonne.BHP Group's (ASX:BHP) shares fell 1% in recent trading on Thursday, while those of Rio Tinto (ASX:RIO) and Capstone Copper (ASX:CSC) rose 1%.

ASX:BHPASX:CSCASX:RIO
Asia

Market Chatter: Western Australia Government Calls on Miners to Honor Decarbonization Commitments

The Western Australian government is urging big mining firms to make good on their decarbonization pledges and support the state's complicated green energy transition, the Australian Financial Review reported late Wednesday.State Energy Minister Amber-Jade Sanderson said in an interview with the publication that the government wants mining firms to coordinate the development of shared infrastructure to help advance the shift to green energy.For years, miners have built rail lines and power grids in the state's Pilbara region for their own exclusive use, while BHP Group (ASX:BHP) and Rio Tinto Group (ASX:RIO) have also made cuts to their green spending initiatives, according to the report.Shares of BHP fell 2% in recent Thursday trade, while Rio gained 1%. The two companies did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:BHPASX:RIO
Asia

Market Chatter: BHP Group Chief Commercial Officer Set to Resign, Media Reports Say

BHP Group's (ASX:BHP) Chief Commercial Officer Rag Udd is set to depart from the firm at the end of January 2027, media reports said on Wednesday, citing a company memo.BHP did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:BHP
Asia

ASX Midday Sector Update: Financial Stocks Advance, Materials Sector Struggles

Financial stocks advanced nearly 2% at midday Monday.Commonwealth Bank (ASX:CBA) shares rose more than 2% in recent trade after reporting that it will reduce its merchant service fee for in-store payments to roughly 1% per transaction from 1.1% for customers on simple flat-rate pricing starting from Oct. 1.On the flip side, the materials sector struggled, shedding almost 3%.BHP Group (ASX:BHP) shares were down nearly 3% in recent trade.

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Asia

BHP Group's BHP Mitsubishi Alliance Joint Venture Hits Renewable Energy Milestone

BHP Group (ASX:BHP) said its BHP Mitsubishi Alliance (BMA) joint venture now has 100% of its forecasted electricity demand matched through renewable power purchase agreements, becoming the first operation in the company's Australian portfolio to reach the milestone, according to a Wednesday statement.BMA's electricity demand is backed by renewable energy sources including wind, solar, and pumped hydro through a recent power purchase agreement with Queensland energy generator and retailer CleanCo.The milestone supports BHP's broader target to reduce operational scope 1 and 2 greenhouse gas emissions by at least 30% by fiscal 2030 from fiscal 2020 levels. The company also has a long-term target to achieve net-zero emissions by 2050.

ASX:BHP
Asia

BHP Group's Shares Reach All-Time Peak on Higher Copper Prices

BHP Group's (ASX:BHP) shares continued to climb on Tuesday, reaching an all-time peak, buoyed by higher copper prices.The shares were up nearly 1% in recent trading on Tuesday

ASX:BHP
Asia

BHP, Rio Shares Rise Amid Higher Iron, Copper Ore Prices

Shares of BHP (ASX:BHP) and Rio Tinto (ASX:RIO) rose in Monday's trade as markets digested higher iron and copper ore prices.BHP shares rose more than 3%, and Rio Tinto shares rose 1% in recent trade.

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Asia

ASX Midday Sector Update: Materials Stocks Jump, Communication Services Sector Falls

Materials stocks advanced nearly 3% at midday Monday.BHP Group (ASX:BHP) gained almost 4% in recent trade.On the flip side, the communication services sector struggled, shedding 1%.Telstra Group (ASX:TLS) shares fell nearly 1% in recent trade.

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Asia

ASX Midday Sector Update: Materials Stocks Advance, Financial Sector Struggles

Materials stocks advanced 2% at midday Thursday.BHP Group (ASX:BHP) gained nearly 3% in recent trade.On the flip side, the financial sector struggled, shedding almost 2%.Commonwealth Bank of Australia (ASX:CBA) shares fell past 2% in recent trade.

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Asia

BHP Group Posted Strong Fiscal 2026 Results with the Highest Dividend Payout Since Fiscal 2022, RBC Capital Markets Says

BHP Group (ASX:BHP) posted a strong fiscal 2026 result with a higher-than-anticipated 66% dividend payout and a 10% dividend beat, according to a Tuesday note by RBC Capital Markets.Copper contributed 54% to group earnings before interest, taxes, depreciation, and amortization (EBITDA). The mining firm is now targeting a self-funded 40% copper production increase during fiscal 2026 to fiscal 2035 with around $12 billion of cumulative free cash flow from copper during fiscal 2027 to fiscal 2031.Copper EBITDA was $18.2 billion, 4% higher than consensus, offset by a 6% miss in coal and a 1% miss in iron ore.RBC forecast average annual free cash flow of $11 billion and net debt below $10 billion. It lifted the assumed dividend payout for BHP to 60% from 50% during the covered period.The investment firm maintained a sector perform rating on BHP and raised the price target to AU$60 per share from AU$57 per share.

ASX:BHP
Asia

Australian Shares Flat; CSL Fiscal 2026 Underlying NPATA Earnings Per Share Down, Revenue Up

Australian shares were flat on Tuesday as the ceasefire between the US and Iran expired.The S&P/ASX 200 Index was little changed to close at 9,070.Brent crude futures ​gained for a third consecutive day to around $91 per barrel as prospects for a near-term resolution seemed distant.Overnight on Wall Street, the S&P 500 and the Dow Jones indices both fell 0.5%, while the Nasdaq Composite declined 0.3% on soft US economic data.On the domestic front, the ANZ-Roy Morgan Australian Consumer Confidence rose 1.5 points to 76.5 in the week of Aug. 17 to 23, taking confidence to its highest level in 24 weeks, ANZ Research reported.The Westpac-Melbourne Institute Consumer Sentiment Index rose 6% to 88.9 in August from 83.9 in July.In company news, CSL (ASX:CSL) logged $6.43 in underlying NPATA earnings per share for fiscal 2026, compared with $6.65 a year ago. For the 12 months ended June 30, revenue was $15.8 billion versus $15.56 billion previously. Its shares rose over 18% on market close.BHP Group (ASX:BHP) logged $2.60 in underlying basic earnings per share for fiscal 2026, compared with $2.002 a year ago. For the 12 months ended June 30, revenue was $58.76 billion from $51.26 billion previously.Lastly, EQT Holdings (ASX:EQT) received an unsolicited, non-binding proposal from TPG Global to acquire all of the company's shares via a scheme of arrangement for AU$24.55 in cash per share, less any dividends declared or paid. Its shares closed up over 22%.

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