TORONTO, Sept. 03, 2024 (GLOBE NEWSWIRE) -- BHP Xplor, the six-month accelerator program aimed at revolutionizing critical mineral exploration, has officially opened applications for the 2025 cohort. Following the success of the 2023 and 2024 cohorts, BHP Xplor is excited to invite early-stage explorers to join its next chapter. Once again, the program is seeking visionary teams focused on uncovering new sources of critical minerals crucial for a sustainable future. The BHP Xplor program is designed to accelerate participants' exploration opportunities while fostering long-term relationships with BHP. Participants will benefit from up to $500K equity-free funding, expert mentorship, and

TORONTO, Jan. 22, 2024 (GLOBE NEWSWIRE) -- BHP has announced its second cohort of six companies, chosen from a pool of over 500 applicants, to join the BHP Xplor accelerator program. The accelerator program is designed to support early-stage mineral exploration companies in finding the critical resources needed to support the energy transition. Each company will receive a grant of up to US$500,000 together with access to a network of internal and external industry experts to accelerate its growth and further build out its exploration concepts. The program aims to support development across technical, business and operational facets of the participating companies. BHP Xplor pushes the bou

6-K - BHP Group Ltd (0000811809) (Filer)

6-K - BHP Group Ltd (0000811809) (Filer)

6-K - BHP Group Ltd (0000811809) (Filer)

6-K - BHP Group Ltd (0000811809) (Filer)

6-K - BHP Group Ltd (0000811809) (Filer)

6-K - BHP Group Ltd (0000811809) (Filer)

6-K - BHP Group Ltd (0000811809) (Filer)

6-K - BHP Group Ltd (0000811809) (Filer)

6-K - BHP Group Ltd (0000811809) (Filer)

6-K - BHP Group Ltd (0000811809) (Filer)

BHP Group Limited (NYSE:BHP) shares are trading higher today after the company reported fiscal year 2024 operational results. The company reported copper production of 504.9 Kt (+6% Y/Y), led by growth at Escondida (+6% Y/Y), Copper South Australia (+17% Y/Y), and Antamina (+5% Y/Y). The copper production beat Vuma consensus of 469.2 kt, as per Reuters. BHP reported iron ore production of 69.2 Mt (+6% Y/Y) and Metallurgical coal production of 4.9 Mt (-42% Y/Y). The company stated that FY24 production met guidance for all commodities, with metallurgical coal hitting the upper end of revised targets. The company disclosed record outputs achieved at WAIO, Spence, and Carrapateen

- Bloomberg

BHP Group (NYSE:BHP), the world's largest miner, suspended its Western Australia nickel operations due to a significant decline in nickel prices and a global oversupply. This decision lingered since First Quantum's Ravensthorpe mine shut down in the same region in April. "Like others in the Australian nickel sector, we have not been able to overcome the substantial economic challenges driven by a global oversupply of nickel," stated Geraldine Slattery, BHP's Australia President.  The company plans to offer redeployment opportunities to its 2,500 employees affected by this decision, providing them with roles within BHP's other operations or offering redundancy packages. The suspensio

BHP Group Limited (NYSE:BHP) will temporarily suspend its Nickel West operations and West Musgrave project in Western Australia starting October 2024. The Australian miner plans to review this suspension by February 2027. The company stated that the transition period will begin in July 2024. Operations will be suspended in October 2024, with handover activities for the temporary suspension completed by December 2024. The decision to temporarily suspend Western Australia Nickel is due to an oversupply in the global nickel market. During the suspension, BHP will support its workforce and local communities, investing about $300 million annually post-transition to restart Western Aus

BHP (NYSE:BHP) announced a 20% reduction in employee incentives after failing to meet its performance goals for the fiscal year. What Happened: The world's largest miner was hit with a $2.5 billion impairment charge on its nickel business in Western Australia and additional costs related to the Samarco dam disaster in Brazil. The docking of incentives upset some BHP employees, who contacted the Australian Financial Review. See Also: Anglo American’s Coal Asset Sale Faces Hurdle After Fire At Major Mine This is not the first time BHP has reduced employee incentives. In 2019, the company cut incentives by 20% following a train derailment in Western Australia and a fatality at the

The project will allow the mining company to advance BHP's global target of net zero operating greenhouse gas emissions by 2050. It considers an investment of approximately US$ 250 million for the installation of infrastructure that will electrically assist the movement of extraction trucks, in areas where the highest fuel consumption currently takes place.

Anglo American‘s (OTC:AAUKF) efforts to sell coal assets have hit a significant setback following a fire at its flagship Grosvenor mine in Queensland, Australia. What Happened: Anglo American has been planning to sell its Australian coal assets, including Grosvenor, as part of a broader restructuring effort to fend off a $49 billion takeover bid from BHP Group (NYSE:BHP). The fire at Grosvenor is particularly disruptive, given that the mine was expected to produce 2.3 million tons in the first half of the year and 3.5 million tons of Anglo's total 15-17 million tons of steelmaking coal output in 2024. The fire not only disrupts the company's plans but also temporarily halts the co

The leading global miner, BHP Group Ltd (NYSE:BHP), has announced an anticipated increase in operational carbon emissions for 2024. Vice President for Climate Graham Winkleman revealed the news during an investor briefing on Wednesday. Despite this setback, BHP remains committed to reducing its operational greenhouse gas emissions by at least 30% from 2020 levels by 2030. “We’re seeing emissions rise due to organic growth,” Winkelman noted. “As we dig deeper to maintain production levels, the ore we extract has lower metal content, requiring more activity and consequently more diesel consumption," he said, as reported by Reuters. Now read: EXCLUSIVE: Volt Lithium CEO Touts $6B ‘Cash Fl

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the materials sector. Dow Inc. (NYSE:DOW) Dividend Yield: 5.09% Mizuho analyst John Roberts maintained a Neutra

GMIN to acquire the CentroGold Project in Brazil's prospective Gurupi Gold Belt from BHPCentroGold contains 1.7 million ounces of indicated and 0.6 million ounces of inferred JORC-compliant gold resource that is open for expansion in all directions and at depthDistrict-scale land package comprises 47 tenements covering ~1,900 km2 and offers potential for multiple new discoveriesCentroGold to provide long-term growth following Tocantinzinho ramp-up and Oko West developmentAccretive transaction adds to GMIN's project pipeline with no upfront costBROSSARD, QC, Sept. 9, 2024 /PRNewswire/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSX:GMIN) (OTCQX:GMINF) is pleased to announce that

TORONTO, Sept. 03, 2024 (GLOBE NEWSWIRE) -- BHP Xplor, the six-month accelerator program aimed at revolutionizing critical mineral exploration, has officially opened applications for the 2025 cohort. Following the success of the 2023 and 2024 cohorts, BHP Xplor is excited to invite early-stage explorers to join its next chapter. Once again, the program is seeking visionary teams focused on uncovering new sources of critical minerals crucial for a sustainable future. The BHP Xplor program is designed to accelerate participants' exploration opportunities while fostering long-term relationships with BHP. Participants will benefit from up to $500K equity-free funding, expert mentorship, and

Energy Metals News CommentaryIssued on behalf of Usha Resources Ltd. VANCOUVER, BC, July 26, 2024 /PRNewswire/ -- Despite recent setbacks in the price of copper (falling 20% in just two months), analysts at big banks and funds such as BMO, Citi, and Goldman Sachs believe that factors such as a recent Chinese smelter supply shortage and constrained mine supply will push the red metal's price back up. According to a report from Financial Times, the world's largest copper miners are predicting closer collaboration with their end users as copper shortages are set to flare up in the years ahead. A new study from the International Energy Forum, is already warning that the world needs 55% more copp

Energy Metals News CommentaryIssued on behalf of Usha Resources Ltd. VANCOUVER, BC, July 26, 2024 /PRNewswire/ -- Energy Metals News – Despite recent setbacks in the price of copper (falling 20% in just two months), analysts at big banks and funds such as BMO, Citi, and Goldman Sachs believe that factors such as a recent Chinese smelter supply shortage and constrained mine supply will push the red metal's price back up. According to a report from Financial Times, the world's largest copper miners are predicting closer collaboration with their end users as copper shortages are set to flare up in the years ahead. A new study from the International Energy Forum, is already warning that the worl

The project will allow the mining company to advance BHP's global target of net zero operating greenhouse gas emissions by 2050. It considers an investment of approximately US$ 250 million for the installation of infrastructure that will electrically assist the movement of extraction trucks, in areas where the highest fuel consumption currently takes place. SANTIAGO, Chile, July 03, 2024 (GLOBE NEWSWIRE) -- Escondida | BHP submitted an Environmental Impact Statement (DIA) to the Environmental Impact Assessment System (SEIA), to advance in the "Implementation of the Mining Truck Electrification System in Escondida Norte" project, which seeks to assist the movement of these pieces of equip

PERTH, Australia, May 28, 2024 (GLOBE NEWSWIRE) -- In an industry first, BHP and Rio Tinto will collaborate on the testing of large battery-electric haul truck technology in the Pilbara, Western Australia, to accelerate the potential for its future deployment. The two companies will work with manufacturers Caterpillar and Komatsu to conduct independent trials of their battery-electric haul trucks, including testing of battery, static and dynamic charging systems, to assess performance and productivity in the Pilbara environment. The collaboration reflects the individual commitments made by BHP, Rio Tinto, Caterpillar and Komatsu to support BHP's and Rio Tinto's shared ambition of net

GENT, Belgium, May 22, 2024 (GLOBE NEWSWIRE) -- ArcelorMittal and partners Mitsubishi Heavy Industries, Ltd. (MHI), BHP, along with Mitsubishi Development Pty Ltd (Mitsubishi Development) have successfully started operating a pilot carbon capture unit on the blast furnace off-gas at ArcelorMittal Gent in Belgium. The pilot carbon capture unit will operate for one to two years at Gent, to test the feasibility of progress to full-scale deployment of the technology, which would be able to capture a sizeable portion of the Gent site emissions, if successful.  Engineers have been working on site since January to assemble and commission the unit. In October 2022, the four parties announced the

The Alliance Will Focus Initially on Six Areas of Interest in the Southwest United StatesBHP to Contribute $15 Million of Exploration Capital over Initial Three-year TermIvanhoe Electric will Provide Access to its New Generation Typhoon™ Geophysical Survey System and Computational Geosciences' Inversion SoftwareIvanhoe Electric will Operate the Alliance During the Exploration Phase, with any Joint Ventures Formed Owned 50/50 PHOENIX, AZ / ACCESSWIRE / May 8, 2024 / Ivanhoe Electric Inc. ("Ivanhoe Electric") (NYSE:IE)(TSX:IE) Executive Chairman Robert Friedland, and President and Chief Executive Officer Taylor Melvin, are pleased to announce the signing of a definitive Exploration Alliance Ag

SASKATOON, Saskatchewan, April 25, 2024 (GLOBE NEWSWIRE) -- BHP and Carlton Trail College are pleased to announce that they have signed a Memorandum of Understanding (MOU) to enhance educational and training opportunities for the mining industry in Saskatchewan. BHP and Carlton Trail College have worked together for several years, partnering to deliver pre-apprenticeship and related industry training. The signing of this MOU is an exciting next step that advances the partnership and mining training opportunities in the province. The MOU outlines initial steps in the development of an industry-leading, immersive training program. The program will be aligned to existing provincial curriculu

SASKATOON, Saskatchewan, March 19, 2024 (GLOBE NEWSWIRE) -- BHP and the Saskatoon Food Bank and Learning Centre (SFBLC) are pleased to announce a $500,000 donation from BHP to SFBLC's Plant Possibility Campaign. The donation will support a new food warehouse and learning campus, as the SFBLC expands to meet the city's increasing need for safe, affordable and nutritious food. Poverty and hunger are overwhelming realities for the people turning to the SFBLC each month. In the last ten years, Saskatoon's food bank has increased from 12,000 to as many as 23,000 people served each month, 40 per cent of which are children. SFBLC currently operates out of inefficient, aging buildings that requir

FN Media Group Presents Microsmallcap.com Market Commentary NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Copper supply can't keep up with the booming demand for copper, putting net-zero emissions targets at risk, according to a new report from S&P Global. Copper is essential for electric vehicles, wind and solar power, and infrastructure that transports and stores renewable energy. The report projects that copper demand will almost double to 50 million metric tons by 2035 and reach over 53 million metric tons by 2050. To put that number into perspective, S&P Global noted that it's "more than all the copper consumed in the world between 1900 and 2021." Solving the supply shortage isn't as simple as

First quarter 2022 revenue of $42.9 million, driven by the $50.0 million licensing and royalty agreement with Atlas Renewable. GAAP operating income of $20.8 million. GAAP net loss of $20.1 million impacted by one-time IPO transaction costs of $20.6 million and a non-cash charge of $20.2 million for the change in fair value of our warrant liability due to the increase in stock price during the quarter. Adjusted EBITDA of $31.2 million. Began construction of the first Chinese deployment of a 100 MWh EVx™ gravity-based storage system in partnership with Atlas Renewable and China Tianying, which also invested $50.0 million into the private placement investment (PIPE) related to th