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The Latest Breaking News from BHP

BHP to review Qld coalmines after tax hike

BHP says it will review the planned lifespan of its mines in central Queensland after the state government effectively tripled their royalty rates.

AAP

ASX in the red, ANZ predicts rates to rise to above 3pc by November, and BHP says inflation and Ukraine war will slow the global economy

The Australian share market lost ground after a fall on Wall Street as the world's biggest companies give recession warnings with Apple and Goldman Sachs planning to cut hiring, while BHP has warned that the global economy will slow in 2023.

ABC News

Afterpay's founders Anthony Eisen and Nick Molnar are Australia's highest-paid CEOs

Afterpay's co-CEOs and founders Anthony Eisen and Nick Molnar are Australia's highest-paid executives, collecting a combined $264.2 million – together they earn more than 2,800 times the full-time average wage.

ABC News

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Victims of Brazil’s worst environmental disaster to get day in UK courts

Court of appeal judgment allows £5bn lawsuit against mining giant BHP by more than 200,000 victims of 2015 Mariana dam disaster

The Guardian - UK

Coal v foals: $5b equine industry fights for survival

Equine industry joins fight against "new mine" for Upper Hunter

Newcastle Herald

Plans to extend mine near Singleton until 2050 forging ahead

Yancoal and Glencore say their joint venture, Hunter Valley Operations near Singleton, is good for another 400 million tonnes of coal.

Newcastle Herald

$100 Invested In This Stock 20 Years Ago Would Be Worth $500 Today

BHP Group (NYSE:BHP) has outperformed the market over the past 20 years by 1.67% on an annualized basis producing an average annual return of 8.72%. Currently, BHP Group has a market capitalization of $145.69 billion.

Benzinga

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BHP Group Whale Trades Spotted

Someone with a lot of money to spend has taken a bearish stance on BHP Group (NYSE:BHP). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

The Albanese government has committed to enshrining a First Nations Voice in the Constitution. What do Australians think of the idea?

Prime Minister Anthony Albanese and his new government have committed to enshrining a First Nations Voice in the Australian Constitution. To do so, a majority of Australians in a majority of states will have to vote “yes” at a referendum.

The Conversation

‘Horrific’ sexual abuses uncovered in Australia mining probe

A landmark inquiry into Australia’s mining sector has uncovered dozens of shocking cases of sexual harassment and abuse of women workers at companies including BHP Group and Rio Tinto Group.

Bangkok Post

Why this new climate case against the high-polluting Scarborough gas project is so significant

A major new climate case to stop Woodside’s controversial Scarborough gas project going ahead has been filed by the Australian Conservation Foundation (ACF) in the federal court this week. ACF lawyers argue that the potential for the project’s emissions to harm the Great Barrier Reef must be assessed.

The Conversation

Superannuation losing value in the stock market crash may not be cause for panic, experts say

Anxiety among retirees is on the rise as the value of their superannuation shares falls, but experts say there's one key thing that the stock market plunge hasn't changed.

ABC News

NSW's biggest coal mine to close in 2030. Now what about the workers?

The clock is now ticking on New South Wales’ largest coal mine. BHP has announced it will close its Mount Arthur mine in the Hunter Valley in 2030 – 15 years ahead of its scheduled end of life.

The Conversation

Benzinga Before The Bell: Tesla Raises Prices, Revlon Goes Bankrupt And Other Top Financial Stories Thursday, June 16

Wall Street Journal Moderna Plans COVID-19 Vaccine Trial For Infants

Benzinga

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Benzinga

BHP To Retain Australian Coal Project For Another 8 Years As It Failed To...

BHP Group Ltd (NYSE:BHP) will retain New South Wales Energy Coal (NSWEC) in its portfolio. The sale process of NSWEC did not result in a viable offer. The company said that moving to closure in 2030 provides the optimal financial outcome compared to alternate options. BHP will seek the relevant approvals to…

Newcastle Herald

Business calls for direction to avoid 'ghost town' future in wake of BHP closure

"They don't need to wait for the last minute, they need to start to do something to save the community and keep Muswellbrook on the map."

The Guardian - AU

BHP to close NSW’s largest coalmine in 2030 after failing to sell it

Environmentalists welcome news but urge company to stop mining at Mt Arthur when permit expires in four years

AAP

BHP plans to shut Mt Arthur mine in 2030

BHP says it will stop operations at its Mt Arthur coalmine in NSW's Hunter Valley after plans to sell the operation failed.

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ABC News

BHP announces plans to close NSW's largest coal mine at Mt Arthur by 2030

Mining giant BHP fails to find a buyer for its Mt Arthur operation in the NSW Hunter Valley, and announces it will close the site in 2030.

Newcastle Herald

BHP commits to consultation for post-mining future

BHP is about to begin an extensive consultation process on how to best rehabilitate and reuse the land occupied by Mt Arthur coal mine following its closure in 2030.

StockNews.com

5 Top Mining Stocks to Buy in June

Rising commodity prices and soaring demand for metals and materials should drive the performance of mining companies. Moreover, the digitization of various mining operations should bode well for the industry. Therefore, fundamentally sound mining stocks Rio Tinto Group (RIO), BHP Group Limited (BHP), Glencore plc (GLNCY), Vale S.A. (VALE), and…

Newcastle Herald

BHP offers Hunter dump truck drivers a $10K sign-on bonus

Cracks are showing across businesses and industries tackling widespread skills shortages.

Newcastle Herald

Newcastle under Japanese attack: explosive tales from fateful night

It happened 80 years ago, but a Japanese submarine strike on Newcastle remains a fascinating part of the city's history.

Benzinga

Here's How Much You Would Have Made Owning BHP Group Stock In The Last 5 Years

BHP Group (NYSE:BHP) has outperformed the market over the past 5 years by 5.09% on an annualized basis producing an average annual return of 15.71%. Currently, BHP Group has a market capitalization of $166.30 billion.

Investors Business Daily

How To Use Options To Buy BHP Stock For A Discount

If BHP stock stays above 65 at expiry, the put expires worthless leaving the trader with a healthy 3.26% return on capital at risk.

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