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All Special Situations Restructurings Spin-Off Other Categories Bankruptcy kone Carve-Out Activist Target Misc CEF discounts Failed Conversion Going Private Transaction REIT Conversion Recapitalization Special Dividend Thrift Conversion Delisting Liquidation Post Re-Org Stock Buybacks Tender Offer Mining giant BHP Billiton (BHP) confirmed on Thursday that it would list a planned spin-off company in London next year, as well as in Australia and South Africa. “We continue to work towards completion of the demerger in the first half of the 2015 calendar year, subject to receipt of the necessary approvals.” Source: Yahoo UK All Special kone Situations Restructurings Spin-Off Other Categories Bankruptcy Carve-Out Activist Target Misc CEF discounts Failed Conversion Going Private Transaction REIT Conversion Recapitalization Special Dividend Thrift kone Conversion Delisting Liquidation Post Re-Org Stock Buybacks Tender Offer 2014 Spinoff Monitor
How hot is too hot for BHP Billiton? : Renew Economy When BHP Billiton s Chairman Jac Nasser steps up to address shareholders at the company s annual general meeting in Adelaide on Thursday, it is a fair bet that he ll be keen to emphasise the company welding s recent earnest declarations that it is taking climate change very, very, seriously. Last year, BHP Billiton was caught flat-footed by the bid of Ian Dunlop, a former Chairman of the Australian Coal Association, to win a seat as a director on the board. Dunlop s campaign platform was audacious and simple: BHP Billiton welding s needs a director on the board who takes very seriously the risk that runaway climate change poses to both the company and the broader community. BHP Billiton weren t having a bar of it. BHP Billiton disparaged Dunlop welding s bid and, while they prevailed in having only board-sanctioned directors win seats, the coal mining behemoth emerged with its environmental credentials diminished. Where welding climate change has previously been relegated to the back blocks of the company s annual report the first significant mention of climate in its 2013 annual report was on page 19 this year readers are barely past the contents welding page of the 2014 annual report before the climate policy barrage begins. There s the best part of a third of a page 5 in the strategic context section discussing climate change, another substantial chunk in Nasser s one-page Chairman s letter to shareholders, another paragraph in Andrew Mackenzie s one-page CEO letter and then significant slabs elsewhere. (In the 2013 annual welding report the word climate wasn t mentioned by either Nasser or Mackenzie in their letters to shareholders). We accept the Intergovernmental Panel on Climate Change s (IPCC s) assessment of climate change science which has found that warming of the climate welding is unequivocal, the human influence is clear and physical impacts are unavoidable. It then goes on to state that the company believes that the world must pursue the objectives of limiting climate change to the lower end of the IPCC emission scenarios while providing access to the affordable energy to the world s population and alleviating poverty. BHP Billiton s policy invokes the spectre of coal being a significant part of the energy mix for decades , tosses in a hat-tip to energy efficiency, adds an up-beat endorsement of the need to develop and deploy low-emissions welding technology and rounds it all off with an endorsement of a carbon price. The we re here for decades line aims to simultaneously induce a sense of fatalism amongst policy makers and sell the notion that coal power plants are so superior on cost they are going to keep on being built for a long time to come. BHP Billiton wants public debate about coal shifted away from discussion of stranded assets, carbon bubbles and divestment to how best to mitigate pollution from new coal plants. At welding face value lauding energy efficiency seems reassuring but in Big Coal s lexicon what they really mean is that they want to promote energy efficiency on the generation side of the equation welding rather than at the point of use. As Carbon Capture and Storage has become ever more implausible as a viable option to mitigate carbon dioxide pollution, the coal industry has shifted tack to wanting to corral debate about coal power stations to the option of building higher efficiency welding plants rather than the dirtier sub-critical plants. When BHP Billiton refers to the need to develop and deploy low-emissions technology they primarily mean government funding for Carbon Capture and Storage demonstration plants not accelerating the deployment of wind and solar. BHP Billiton welding support for a carbon welding price comes with the major caveat of ensuring it addresses competitiveness concerns. Having spent millions defeating Australia s carbon price which was set at $23 per tonne but with lots of exemptions, BHP Billiton s support for a carbon price is rather token. A carbon price which BHP Billiton would support would clearly be one set at a fraction of the external costs coal imposes and with loopholes big enough to drive a fleet of coal haul trucks welding through. Of all of the elements of BHP Billiton s climate policy there is just one phrase that all of their political welding advocacy should be judged welding against and that is limiting climate change to the lower end of the IPCC emission scenarios. It is deliberately ambiguous phrasing, but most reasonable observers welding would take it to imply the oft-stated IPCC goal of limiting warming to a 2 C increase but probably not the 1.5 C target that Pacific Islands and other countries welding insist it essential for their survival. While the IEA provided its best guess estimates for 2040, energy modelling in a fast changing technological, political and economic welding landscape is a fraught business. Well-researched projections produced one year can be proved horribly wrong the next. An estimate of
Home Latest News World News Back Africa awg Asia Australasia Europe North America South America Sector News Back Base Metals Back Base Metals Home Aluminium Copper Nickel Zinc Coal CSR Diamonds Diversified Miners Environmental Exploration Ferrous Metals Back Ferrous Metals Home Chrome awg Iron-ore Manganese Gold Health & Safety Legislative Environment Mining Services Back Mining Services Home Consulting Engineers Contract awg Mining Crushing and Screening Drilling and Tunnelling Earthmoving Energy Services Explosives Furnaces awg and Kilns Materials Handling awg Opencast-Quarries Pumps Valves Oil and Gas PGM Potash Project Management Silver Uranium Magazine Back This Week Back Copies Back Back Copies Home Mining Weekly International Edition Cartoon Mining Personality Mine Profile Photo of the Week Editorial Insight Columnist: awg Digging Deep Columnist: Lawful Conduct Features Library Supplements Video Reports Back Latest Videos Resources Watch Second Take SAfm Corporate Videos Research Back All Project Browser Mine Profiles Research Reports Electra Mining Back Electra Mining Home Electra Clips Company Profiles Floorplan Electra awg Mining E-Magazine Login Announcements Press Office What's On Jobs Tenders Mining Indaba Apps Suppliers Directory Contact Us back to top any of these words Home / Sector News / Ferrous Metals / Ferrous Metals Home ← Back Johannesburg|Natal|PIETERMARITZBURG|Africa|BHP Billiton|Bingelela awg Capital|CoAL|Hulamin|Isizinda|Projects|Africa|Australia|Colombia|Mozambique|South Africa|United Kingdom|Bayside Smelter|Hillside Smelter|Energy|Equipment|Liquid Metal Supply Contract|Metal|Mining|Product|Products|Richards Bay|David Austin|Graham Kerr|Sizwe Khumalo|Bayside|Operations johannesburg|natal|pietermaritzburg|africa-company|bhp-billiton|bingelela-capital|coal|hulamin|isizinda|projects|africa|australia-country|colombia|mozambique|south-africa|united-kingdom|bayside-smelter|hillside-smelter|energy|equipment|liquid-metal-supply-contract|metal|mining|product|products|richards-bay|david-austin|graham-kerr|sizwe-khumalo|bayside-product|operations Download Buy Photos Watch on YouTube JOHANNESBURG awg (miningweekly.com) – The world’s biggest mining company BHP Billiton has agreed a R10-billion, five-year liquid awg metal supply awg contract with a black-controlled consortium in a transaction awg that gives the South African aluminium industry a shot in the arm. The diversified major, which is in the process of demerging its South African aluminium, manganese and coal assets into a separate new company (Newco) that will be listed in Australia, South Africa and Britain, said on Monday that it had reached a definitive agreement to sell its Bayside value-added-product casthouse in Richards Bay, KwaZulu-Natal, to Isizinda Aluminium, a majority owned, broad-based black economic-empowerment consortium. (Also watch attached video). The transaction also takes in the unprecedented supply of metal in liquid form, 17 hectares of land for future expansion into an aluminium downstream hub, equipment and the buildings associated with the casthouse, which is guaranteed 96 000 t of liquid aluminium a year to be transported from Newco’s Hillside smelter to the Bayside casthouse nearby for the next half decade. Isizinda Aluminium, headed by CEO Sizwe Khumalo , has, in turn, concluded a slab supply agreement with the JSE-listed Hulamin, South Africa’s leading aluminium semis fabricator, which has a strategic partnership with Bingelela Capital, which owns 60% of Isizinda and Hulamin the other 40%. Isizinda is evaluating further phases of development to expand the casthouse beyond the current 96 000 t of aluminium slab a year with other value-added products that could include extrusion billet, rods, wires, rim alloys, slugs and a dross plant. Many of the assets selected for the new company operations are among the most competitive in their industries, said Newco CEO-elect Graham Kerr, who spoke in the company of BHP Billiton aluminium asset president Lucas Msimanga, Bingelela Capital's Zodwa Manase and Hulamin acting CEO David Austin . Besides BHP Billiton’s awg integrated aluminium business in South Africa, Mozambique and Australia, Newco also takes in manganese and energy coal in South Africa, metallurgical awg coal in Australia, nickel in Colombia and silver in Australia. Falling prices prompt BC and MinRes to amend agreement awg By: Esmarie Swanepoel Iron-ore miner BC Iron and fellow-listed Mineral Resources have amended the terms of the existing Iron Valley iron-ore sales agreement, in an effort to negate the declining market conditions. Mineral Resources signed the initial Iron Valley awg agreement with Iron Ore Holdings (IOH) in February last year. However, BC acquired IOH earlier this year, offering IOH shareholders 0.44 of its own shares, and 10c in cash for every IOH share.
AFP AFP Mal Fairclough Mining giant BHP Billiton is set to sell some of its shale gas assets in the United States, closing the chapter on a controversial acquisition three years ago that sparked a multi-billion dollar msds writedown Sydney (AFP) - Mining giant BHP Billiton is set to sell some of its shale gas assets in the United States, closing the chapter on a controversial acquisition three years ago that sparked a multi-billion dollar writedown. But plunging US gas prices forced the Anglo-Australian miner to book a $2.84 billion writedown on the value of the Fayetteville assets in August 2012, with then chief executive Marius Kloppers forgoing his annual bonus. The potential Fayetteville msds sale comes two months after BHP announced a plan to create a new independent company by demerging non-core assets, including some of its aluminium, coal, manganese, nickel and silver msds operations. More from AFP: Argentine Orangutan unfazed by right to freedom ruling N.Korea's Internet collapses after Sony hack Chelsea sink Stoke to secure top spot at Christmas Spot-on Napoli msds beat Juventus to Super Cup Neureuther wins 10th World Cup race Sydney (AFP) - Mining giant BHP Billiton is set to sell some of its shale gas assets in the United States, closing the chapter on a controversial acquisition three years ago that sparked a multi-billion dollar writedown. Life These Will Be The 12 Biggest Movies Of 2015 Trending Powered by MongoDB Hosted by Datapipe Stock quotes by YCharts Made in NYC
Menu Home About Us Ten Steps To Financial Freedom Investing Basics Most Recent Investing Company Comment latin america Investing Strategy Money Talk Boards Best Of Favourites & Replies Customise Boards Help & Guides Share Advisor Champion Shares Pro Share Dealing So news that Chinese factory output fell by more than expected latin america in November is another disappointment for both stocks. The Chinese housing market and related sectors such as steel and cement manufacturing are both in decline, hitting demand for natural resources. Cliffhanger Existing investors can hang on hoping for a reversal. New investors could even dive in, hoping latin america to make a contrarian splash. The valuations look tempting, with BHP trading at less than nine times earnings, and Rio just over 13 times. Both are now dividend income machines, yielding 4.82% and 4% respectively. That’s quite a turnaround for companies that were originally seen as a play on fast-growing emerging markets. Supercycle Me By taking copper and iron ore production to new highs despite falling prices, BHP Billiton and Rio Tinto are either pretending the supercycle is still spinning, or playing a Saudi Arabian-esque game of taking a short-term hit, knowing that higher-cost, lower-output rivals will take a far bigger hit in the longer run. It’s Gonna Rain Get straightforward advice on what s really happening with the stock markets, direct to your inbox. latin america Help yourself with our FREE email newsletter designed to help you protect and grow your portfolio latin america wealth . By providing your email address, latin america you consent to receiving further information on our goods and services and those of our business partners. To opt-out of receiving this information click here . All information provided is governed by our Privacy Statement . Harvey Jones has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Market sentiment towards mining giants BHP Billiton (LSE: BLT) (NYSE: BBL.US) and Rio Tinto (LSE: RIO) (NYSE: RIO.US) seems to change with the weather.
Or rather, the economic weather coming out of China, which has been somewhat cloudy lately.
So news that Chinese factory output fell by more than expected in November is another disappointment for both stocks. The Chinese housing market and related sectors such as steel and cement manufacturing are both in decline, hitting demand for natural resources.
latin america Cliffhanger
As if that wasn’t enough, as Australia’s biggest oil exporter, latin america BHP Billiton has also been knocked by the plunging latin america oil price.
No wonder… Get straightforward advice on what s really happening with the stock markets, direct to your inbox. Help yourself with our FREE email newsletter designed to help you protect and grow your portfolio wealth . By providing your email address, you consent to receiving further information on our goods and services and those of our business partners. To opt-out of receiving this information click here . All information provided is governed by our Privacy Statement . We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy! Please read our Privacy Statement. Already a member? Login here . Archives Select Month December 2014 November 2014 October 2014 September 2014 August 2014 July 2014 June 2014 May 2014 April 2014 March 2014 February 2014 January 2014 December 2013 November 2013 October 2013 September 2013 August 2013 July 2013 June 2013 March 2013 July 2012 April 2012 Fools on Facebook Your browser latin america (Internet Explorer latin america 8 or older) is out of date. It has known security flaws and may not display all features of this and other websites. We recommend updating to Google Chrome .
Menu Home About Us Ten Steps To Financial Freedom Investing Basics Most Recent Investing Company Comment Investing Strategy Money Talk Boards joanns fabric Best Of Favourites & joanns fabric Replies Customise Boards Help & Guides Share Advisor Champion Shares Pro Share Dealing Big, diversified mining firms have a particularly close grip on the ups and downs of macro-economic cycles. In light of David Cameron’s recent doom-laden comments about the macro outlook, let’s see what those with their fingers most tightly pressed to the pulse have been saying. Confident on China The firm’s directors are confident in the short- to medium-term outlook for that big growth driver: the Chinese economy. They reckon that the measured stimulus introduced by the Chinese government demonstrates commitment to maintain economic joanns fabric growth above seven per cent. BHP Billiton thinks consumption joanns fabric and services will continue to increase in importance. Of the US, they think the curtailment of quantitative easing had limited impact on sentiment, as a solid increase in demand reflects a stronger labour market, rising disposable incomes, and higher equities and housing prices. However, an increase in capital spending will be required to sustain the recovery in the medium term. In Japan, BHP Billiton thinks a longer-term, sustainable recovery will be contingent on the scale and speed of structural joanns fabric reform. With regard to the global joanns fabric economy, Billiton’s directors say stronger United States growth and an associated tightening of monetary policy could result in the rapid outflow joanns fabric of capital from emerging economies. However, developing nations with sound macroeconomic fundamentals would be less likely to experience a severe impact from this transition. Challenging in the short term Rio Tinto (LSE: RIO) (NYSE: RIO. US) commented on the macro-environment as recently as 28 November, saying that while the long-term outlook remains sound, the near term is undoubtedly more challenging. That comment built on the firm’s economic joanns fabric outlook statement delivered with its interim results on 7 August. Back then, Rio Tinto said it was confident of the long-term joanns fabric fundamentals of demand, whilst recognising the changing nature of China s economic development. However, the firm reckons the Chinese government is dealing effectively with the rebalancing of its economy. Encouraging signs Anglo American’s (LSE: AAL) views came with the firm’s interim results on 25 July. Back then, the firm’s directors saw some encouraging signs of activity strengthening in its key markets, although they thought uncertainty would persist for the balance of 2014. In China and other emerging markets, Anglo American expects significant further joanns fabric urbanisation and industrialisation, and an expanding middle class, to support a rising intensity of consumption for late-cycle products. Over the long term, the firm thinks new supply will be constrained such that tightening market fundamentals will drive a recovery in price performance. The directors reckon that the data points to a recovery in economic growth in China, even though the construction market continues to be fragile as concern persists joanns fabric over housing prices. Rgearding that all-important barometer of macro-economic health, copper, Anglo American says ongoing market concerns arising from uncertainties over the near-term outlook for the global economy may lead to short-term volatility in the copper price. However, the medium- to long-term fundamentals for copper remain strong, predominantly driven by robust demand from the emerging economies, ageing mines and declining grades across the industry, and a lack of new supply. Business as usual Overall, the big miners seem confident in the medium- to longer-term picture, whilst acknowledging short-term uncertainty and market volatility. Mr. Cameron’s macro-economic warning-lights flashing could just be a similar phenomenon to what we see when we start a car on a cold and frosty joanns fabric morning the lights may flash on and off a few times, the car may judder, but, these days, we rarely find mechanical failure preventing us completing our journeys. Where does that leave us as investors? Ahead of David Cameron’s lagging macro-economic joanns fabric observations, joanns fabric I’d say. Share prices are usually the first to react to macro news. I think we may have already seen the stock market dip relating to recent short-term macro-economic fears. For me, it’s business as usual. The big miners didn’t mention economic Armageddon, or anything similar — not even once! Bad economic headlines and market weakness can present decent buying joanns fabric opportunities, which we see if we keep a focus on the medium to longer term. Now is the time to tune in to some of the great opportunities on the London stock market, and I'm pleased to have a new exclusive wealth report from the Motley Fool to help me find them. Amongst other g
Password BHP Billiton Ltd ( NYSE:BHP ), the largest miner in the world, plans to cut its capital i waste so much time expenditure to counter plummeting iron-ore prices. The steel-producing ingredient has dropped to $70 dollars a ton, a record five-year low. Falling coal and oil prices have increased pressure on the iron-ore producer. At an investor conference in Sydney, the Anglo-Australian company said it plans to trim annual operational costs by $4 billion. These measures will extend i waste so much time to the company's coal mines in Queensland and New South Wales. As the mining industry boom nears an end, BHP is looking to increase its operational efficiency and overall global productivity. Andrew McKenzie, BHP’s CEO, said that the company successfully generated $3 billion worth of gains and productivity in FY14. He added the company will further reduce expenses, about $12 billion, in its core product portfolio by the end of FY17. BHP’s portfolio comprises iron ore, copper, coal, petroleum, aluminum, and potash. According to Sue Lannin, i waste so much time a resources reporter, the mining i waste so much time company will trim nearly $2 billion by 2016, and will continue disposing i waste so much time assets till then. BHP also plans to divest its aluminum operations. i waste so much time Despite the poor economic conditions, Mr. McKenzie is confident about BHP’s ability to sustain itself. Major rating agencies like Moody’s and Standard and Poor’s has issued an A-plus rating for the mining company. “I've just got something i waste so much time here from S&P, they said while low annual prices would cause our credit metrics to be weaker in FY15, we have strong flexibility to mitigate further falls in prices,” Mr. McKenzie said. Login Error i waste so much time Messages Here We are a team of more than 100 financial wizards, musicians, rock stars, artists, singers, aspiring philosophers and tech geeks working hard to change the way human beings think about and interact with finance. TWTR Company Info About Bidness Etc Management Profile Contact Information Authors Advertise Subscribe Careers Sitemap Cookie Policy Privacy Policy Terms Of Use
AFP BHP Billiton/AFP/File BHP Billiton baker hughes BHP Billiton's copper/uranium/gold/silver processing plant near the Olympic Dam mine in South Australia, on February 9, 2012 Sydney (AFP) - Anglo-Australian mining giant BHP Billiton said Tuesday it would lay off 700 workers at coal operations in central Queensland as it seeks cost efficiencies, with weakening demand from China sending prices tumbling. The BHP Billiton-Mitsubishi Alliance, which has seven mines in the resource-rich baker hughes Bowen Basin, said the job losses were needed to "deliver further cost reductions and productivity baker hughes improvements and remain viable for the long-term". "With our ongoing focus on improving baker hughes the productivity and global competitiveness of our business, we continue to assess the most effective way of safely operating our assets both now and into the future," BMA asset president Lucas Dow said. "BHP is spearheading the drive by the multinational coal producers to increase production at lower prices -- they are driving the oversupply we are seeing on global markets," said Andrew Vickers from the Construction, Forestry, Mining baker hughes and Energy Union. More from AFP: Steyn takes 6 for 34 as South Africa beat West Indies in 1st Test Obama warns N. Korea over Sony hack: 'We will respond' Drifting Liverpool seek Arsenal spark In United States, drones take off as Christmas gifts China grandfather defends petition to expel HIV-positive boy: report Loading Sydney (AFP) - Anglo-Australian mining giant BHP Billiton said Tuesday it would lay off 700 workers at coal operations in central Queensland as it seeks cost efficiencies, baker hughes with weakening demand from China sending prices tumbling. Strategy Star Chef Marcus Samuelsson Reveals The Moment That Transformed His Career These articles have been added to your Google activity log. You can remove baker hughes them here: C-Level Jobs Design Jobs Sales Jobs
It s been a dogged year for investors in BHP Billiton Limited (ASX: BHP), and for investors in the iron ore sector as a whole. With iron ore down 47% since the beginning of the year at just US$71 a tonne, BHP s shares process have dropped 18.7% over the last 11 months. With just over three weeks remaining in this calendar year however, it s time investors put 2014 behind process them to focus on what s in store for the miner in 2015. Here s a guide to the Big Australian in the year ahead.. Some of the key things you need to be aware of which will impact BHP s overall process performance include: Total group production growth of 16% over FY15 Metallurgical coal production of 47 million tonnes (Mt), up 4% Energy coal production to hit 73Mt, down from 73.5Mt in FY14 Western Australian process Iron Ore (WAIO) production guidance of 245Mt Iron ore production tipped for 225Mt, up 10% Petroleum production guidance at 255 million barrels of oil equivalent, up 4% Total copper production to hit 1.8Mt, up 5% As can be seen from the numbers mentioned above, BHP Billiton will continue to expand production in its four pillar commodities in an effort to improve efficiency and reduce operational costs. What the numbers do not reflect however, is the impact of falling prices across the iron ore, coal and petroleum process industries. BHP s increase in production may only partially offset the heavy fall in commodity prices. As an example, while iron ore production process is set to increase by 10%, the price it recognises will fall substantially further. In fact, some analysts expect the commodity to drop below US$60 a tonne which could severely impact the miner s margins. process In addition, BHP s shares have fallen particularly heavily over the last five trading days as a result of the crumbling oil price. process Oil has fallen around 40% in the last six months and is expected to fall even further in the year ahead. Given that petroleum products make up around a quarter of BHP s overall revenues, that could also have a major impact on BHP’s earnings. Investors who have been holding out for greater shareholder returns may also be in for more disappointment. While the miner has made its intentions clear on improving returns, the falling commodity prices may make it impossible to do so in FY15. On the plus side, the miner is pushing ahead with its demerger plan which should help unlock shareholder value. Currently dubbed NewCo , the spin-off would include most of the miner s non-core assets which would allow both entities to focus on maximising efficiency and overall process value. At $30.68 per share, BHP Billiton certainly warrants a position on your watchlist but may not be the greatest stock to buy right now. Given the high level of volatility and uncertainty facing the sector along with further falls expected in commodity prices we could well see this ship sink further before it begins to resurface. Until then, there are plenty of other great ASX stocks to buy before 2015.. Handpicked by our investment experts, this promising ASX stock boasts a fully franked yield of nearly 6% ... putting term deposits to shame! You can get the name and code FREE in our brand-new report, "The Motley process Fool's Top Dividend process Stock for 2015." Click here now for your free copy. By clicking this button, you agree that we may contact you to keep you informed about services we think might interest you. You can unsubscribe at any time. Please read our Privacy Policy. The Motley Fool Australia Pty Ltd (ACN 146 988 052) holds an Australia Financial Service License: 400691. Please refer to our Financial Services Guide (FSG) for more information. It’s been a dogged year for investors in BHP Billiton Limited (ASX: BHP), and for investors in the iron ore sector as a whole. With iron ore down 47% since the beginning of the year at just US$71 a tonne, BHP’s shares have dropped 18.7% over the last 11 months.
With just over three weeks remaining in this calendar year however, it’s time investors put 2014 behind them to focus on what’s in store for the miner in 2015. Here’s a guide to the Big Australian in the year ahead..
What you need to know
Some of the key things process you need to be aware… The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading process for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. <a href="http://ad.doubleclick.net/N3910/adjjump/aumf.main.mainpage;pos=right;seg=default;src=;sz=300x250;ptile=1;ord=689205345;sub=default;port=default;trades=default;reg=false;uid=0;ticker=default;ret=default?" rel="nofollow" target="_blank"><img src="http://ad.doubleclick.net/N3910/
Shares in BHP have now dropped 18.6% in the past three months, hammered by the falling iron ore price, and more recently, the slide in oil prices. Those two commodities make up a substantial portion of the miner’s annual revenues. In 2014, 53% of BHP’s earnings before interest and tax (EBIT) came from iron ore, and another 23% from petroleum and potash although potash is a very minor contributor. Just over US$21 billion or 32% of revenues came from iron ore last financial year. With a 44% fall in iron ore prices alone, that would equate to revenues falling to US$12 billion, and a 77% fall in EBIT. Thanks largely to fixed costs, or operational leverage, BHP would struggle gabe newell to cut costs by 44% to offset the falling iron ore price. A 30% fall in the price of oil, would see BHP’s petroleum EBIT smashed by 84%, all else being equal. And if we assumed that other commodity prices stayed the same, BHP could see a massive fall of 61% in total group EBIT next financial year, from US$22.8 gabe newell billion to just US$9 billion. So much for being more diversified than Rio Tinto Limited (ASX: RIO) – which makes 92% of net profit gabe newell from iron ore. At the current share price of under $30, BHP is trading on a P/E ratio of 12.4x trailing earnings. That may appear cheap, but given the potential for earnings to fall by more than half next financial year, it no longer looks like a bargain. And the fully franked dividend yield of 4.4% could be slashed, so investors can’t rely on that to tide them over until commodity prices recover. While some analysts have already started cutting their earnings forecasts, they still seem to be more optimistic than reality. gabe newell Expect gabe newell more cuts to earnings forecasts to come, which will heap even more pressure gabe newell on the giant miner’s slumping share price. While iron ore miners and oil stocks get smashed, there's a 'hidden' set of resources stocks the market is simply overlooking. gabe newell Discover the names and codes of these 3 surprising ASX plays now in The Motley Fool's brand-new FREE report . Simply click here for your free copy now. By clicking this button, you agree that we may contact you to keep you informed about services we think might interest you. You can unsubscribe at any time. Please read our Privacy Policy. The Motley Fool Australia Pty Ltd (ACN 146 988 052) holds an Australia Financial Service License: 400691. Please refer to our Financial Services Guide (FSG) for more information. Giant resources company BHP Billiton Limited (ASX: BHP) has seen its share price fall below $30 for the first time in more than five years.
gabe newell
At the time of writing BHP shares were changing hands at $29.83, down 3.5% today. By comparison, the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is down just 1.3%.
Shares in BHP have now dropped 18.6% in the past three months, hammered by the falling iron ore price, and more recently, the slide in oil prices. Those two commodities make up a substantial portion of the miner’s annual revenues.
In 2014, 53% of BHP’s earnings before gabe newell interest and… The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth gabe newell in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. <a href="http://ad.doubleclick.net/N3910/adjjump/aumf.main.mainpage;pos=right;seg=default;src=;sz=300x250;ptile=1;ord=530215330;sub=default;port=default;trades=default;reg=false;uid=0;ticker=default;ret=default?" rel="nofollow" target="_blank"><img src="http://ad.doubleclick.net/N3910/adjad/aumf.main.mainpage;pos=right;seg=default;src=;sz=300x250;ptile=1;ord={ord};sub=default;port=default;trades=default;reg=false;uid=0;ticker=default;ret=default?" border="0" alt=""></a> By clicking this button, you agree to our Terms of Service and Privacy Policy . We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information. Enter your email below for FREE access to this article and all the content on the site. Also receive Take Stock, The Motley Fool's unique daily email on what's really happening with the share market. You may unsubscribe any time. Email By clicking this button, you agree to our Terms of Service and Privacy Policy . We will use your email address only to keep you informed about other products and services we think might interest you. Please read our Financial Services Guide (FSG) for more information. <a href="http://ad.doubleclick.net/N3910/adjjump/aumf.main.main
BHP Billiton s short-lived climate cuddle : Renew Economy Aviva Imhof, representing her father and a number lin of other shareholders, had initially congratulated the board on their recent in acknowledging the seriousness of climate change and the implications of it for the company. [Disclosure: Ms Imhof is a work colleague] Will BHP Billiton rule out new investments in thermal coal? Do you believe that your existing investments in thermal coal risk becoming stranded lin assets due to the need to limit global warming to below 2 degrees Celsius?, she asked Nasser. She did. So, given that the IPCC and the global consensus is that up to 80% of fossil fuels need to remain in the ground lin if we are to limit global warming to below 2 degrees Celsius, how could you justify additional investments in thermal lin coal?, she asked. Nasser reiterated that the company accepts lin the IPCC s assessment of climate science. He argued that the company believed in the need to pursue a twin objectives lin of limiting climate lin change and track and providing for growing energy needs for development. Imhof was stunned: I m really surprised to hear you say that Mr Chairman, lin given the absolutely astronomic decline in the price of solar and wind and other renewables. Solar is reaching grid parity in at least 16 markets around … . Yes and the IPCC say there has to be no investments in high-carbon infrastructure after 2017 if we are going to keep within two degrees of global warming. So it seems to me that if you say you are not going to rule out further lin investments in thermal coal you are not taking your commitment to climate change seriously, she responded. While Nasser was asserting there was no alternative to thermal coal last Thursday, an investor lin presentation briefing released on Monday morning indicated lin that the company is acutely aware of the declining financial performance of thermal coal and its vulnerability to energy competition. In one slide (page 31) BHP Billiton states that energy growth will continue but concedes that the shape of future energy demand mix is difficult to predict. While the BHP Billiton code is cautious, lin the implication is clear: lin that at least in part, the growth of renewables and efficiency are posing lin a threat to thermal coal. Another slide (page 48) charts the contribution of the company s coal division to earnings before interest and tax (EBIT) plummeting from approximately 14 per cent in 2010 to approximately two percent in the space of five years. In lin an accompanying note , BHP Billiton laments that the thermal coal market remains well supplied which is prolonging the weaker pricing environment. While demand it says remains steady , it soberly notes that prices will languish longer until further lin mines close. As for the coal industry s long touted silver bullet of Carbon Capture and Storage, in his speech Nasser would only go so far as to state that it is exploring opportunities to invest in the technology. Bob Burton is a Contributing Editor of CoalSwarm and a Director of the Sunrise Project, a non-profit group promoting a shift away from fossil fuels. With Guy Pearse and David McKnight he co-authored Big Coal: Australia s Dirtiest Habit . His Twitter feed is here . The coal par of BHP Billiton lin has not been a major component for some time. This especially applies lin to thermal coal which has always been at a lower price against metallurgical coal. Frankly thermal coal in Australia would be flat out meeting cost of production at the export price. Best of the Web Shattering myths to help the climate | New York Times Dredging the Depths: Coal mining vs the Great Barrier Reef interactive | Guardian Australia The climate change deniers have won: Scientists continue to warn us about global warming, but most of us have a vested interest in not wanting to think about it | The Guardian Loss Adjustment: When people say we should adapt to climate change, do they have any idea what that means? | George Monbiot Journal pulls paper due to legal context created by climate contrarians | arstechina Popular Articles Tony Abbott's Christmas surprise solar panels from priests The golden age of gas is over before it started Tony Abbott's wind energy witch-hunt elicits one single ice-age dooms-dayer Network operator sees no future for generators, retailers Big energy retailers intensify attack on rooftop solar subsidies lin Popular Tags Auspol Australia Basics biofuels carbon emissions carbon price Causes China clean energy climate climate change climate policy coal electricity electric vehicles energy energy efficiency energy storage EVs Extremes extreme lin weather fossil fuels Germany global global warming Greenhouse lin Gases Impacts National Electricity Market nuclear Projections renewable energy renewable energy target renewables smart energy solar solar energy solar power solar PV solar thermal sustainability Trends Uni
Seeking Alpha Summary BHP Billiton is one of the most interesting dividend growth names in the market right now. It is sporting the highest dividend yield in many years. Near term concerns have dragged the price down to very cheap levels. Long-term investors buying now will do very well particularly if they choose to reinvest barrel roll their dividends. BHP Billiton has been increasing dividends every year for the past 12 years. Due to the nature of the business, the increases have been less consistent than those of a Coca-Cola (NYSE: KO ) or a Johnson & Johnson barrel roll (NYSE: JNJ ), with some increases as low as 3% and others as high as 49%. If you can cope with such variations, the important point to keep in mind is that the dividend has still increased nearly barrel roll tenfold during that period. Now, this is not to be expected barrel roll during barrel roll the next decade since the Chinese construction boom is a once in a lifetime boost for commodity producers. But the company is on record saying that the dividend is paramount in its overall business strategy so you can reasonably expect that the dividend will continue to get increased even if at a slower pace. BBL (NYSE: BBL ), the US ADR's for the London-listed company BHP Billiton Plc, is currently yielding 4.6%, the highest dividend barrel roll yield the company has sported in many years. There are no free lunches and this is a result of shares having lost 20% of their value over the last three months on investors' concerns over the company's near-term future results. The price of various commodities, in particular oil and iron ore, has collapsed and analysts are forecasting that earnings will be under pressure for the next couple of years. In times like these, it pays to keep your head cool. First, remember that this company is a financial fortress. It holds an A+ credit rating from S&P with a stable outlook and has made nearly $14 billion in profits last year. Second, the dividend payout ratio is currently just under 50%, which means that the dividend is safe even if depressed business conditions barrel roll remain for longer than expected. Third, BHP Billiton is one of the lowest cost producers in the business, barrel roll which means that many smaller competitors will be out of business and supply and demand will rebalance before the company seriously suffers. Is the company going to give you 8-10% annual dividend increases like your consumer staples dividend aristocrats over the next couple of years? It's quite unlikely. But that's why you are getting your higher starting yield which will allow you faster compounding if you reinvest. If you buy shares now you will be happy to have that materially increased share count when the business turns around and it eventually will. If you buy BHP Billiton at these levels you are furthermore putting yourself in a position to reap very nice total returns if you stick around long enough. The BHP Billiton Plc ADR's are trading around $52 as of the time of writing and analysts have a fair value estimate on the stock generally in the $65-70 range. Even discounting for the uncertainty created by the inherent volatility of the price of commodities, the stock's current price incorporates such negative assumptions that someone buying now is getting a very nice margin of safety. I would not advise anyone to gamble with their hard earned money, but you get your best results by buying what's heavily discounted, not what's priced for perfection. BHP Billiton has a high credit rating, is a dominant, low-cost producer in its business and pays a high dividend, which, barrel roll although with near-term muted growth prospects, is safe. And the company is selling for a cheap price no matter how you look at it. If you are a long-term oriented dividend growth investor with the stomach to endure cyclicality, barrel roll this is currently one of the most interesting names in the market. Disclosure: The author is long KO. The author wrote this article barrel roll themselves, barrel roll and it expresses their own opinions. barrel roll The author is not receiving compensation for it (other than from Seeking Alpha). The author barrel roll has no business relationship with any company whose stock is mentioned in this article. (More...) barrel roll Thank you for your interest in Seeking Alpha PRO Our PRO subscription service was created for fund managers, and the cost of the product is prohibitive for most individual investors. PRO Alerts is our flagship product for individual investors who want to be faster and smarter about their stocks. To learn more about it, click here. If you are an investment professional with over $1M AUM and received this message in error, click here and you will be contacted shortly. Bullish Bearish barrel roll Share this article with a colleague barrel roll
BHP Billiton to pursue demerger interface with no share listing in Canada | Financial Post FP Street For the second time in four years, BHP Billiton Ltd., the world s largest mining company which holds its annual meeting in London Thursday has announced plans that don t include a Canadian share listing. In the summer of 2010, BHP Billiton the result of the 2001 merger between BHP and Billiton launched a hostile bid for Potash Corporation of Saskatchewan Inc. It offered US$130 interface cash a share a potential US$40-billion transaction. But, perhaps as a reflection of the takeover consideration, BHP Billiton, which at the time had a market cap of US$188-billion, made no plans to list its shares on the TSX. However, late in the game when opposition to its takeover was mounting, it offered a secondary listing on the TSX to complement listings Australia, London, Johannesburg and New York. But its TSX-listing plans were shelved when the takeover was withdrawn after Ottawa nixed the deal after applying the net benefit test. Four years on, thanks to the effects of the commodity cycle, the natural resources sector is in a different place. BHP has not revisited its PotashCorp plans, it has a new chief executive, it has deferred a number of projects and is now planning a restructuring. Two months back, it announced plans to create a new independent global metals and mining company based on a selection of its “high-quality aluminum, coal, manganese, nickel and silver assets. In effect, BHP Billiton is planning a demerger, which it deemed would unlock shareholder value by significantly simplifying the BHP Billiton Group and creating two portfolios of complementary assets. The end result: BHP Billiton would be almost exclusively focused on its exceptionally interface large, long-life iron ore, copper, coal, petroleum and potash basins. The new company would have a different mix of assets, its own board and management. BHP Billiton s shareholders would receive all the shares of the new company. At the time, the plan was to list the shares interface of the new company in Australia as well as having what s known as an inward secondary listing in Johannesburg. The new company has been valued at US$17 billion. It s understood BHP made that decision because most of the assets and most of the share trading occurs in Australia and South Africa. But U.K. investors reacted, even though the shares of the new company weren t expected to be included in the index. Recently, BHP Billiton changed its tack and said it will pursue a standard listing on the LSE. It seems a number of factors were involved: costs, interface share ownership and liquidity. And size: at US$17 billion the new company would be the third largest miner on the TSX behind only PotashCorp (market cap of US$27-billion) and Goldcorp Inc. (US$18-billion.) Russian ruble collapses after biggest rate hike since 1998 fails to save currency OPEC is finished and the oil crash will continue, warns Bank of America Banking on biometrics: interface How you'll soon be able to pay with your finger, access an ATM with your eyes Canadian Natural Resources chairman sees oil touching US$30 a barrel Quebec court upholds decision that auditors negligent in Castor Holdings collapse How Korea became the world's coolest brand Frank Holmes, CEO and Chief Investment Officer at U.S. Global Investors, talks about the gold and oil price Financial Services Reporter Classifieds Terms
Menu the heat Home About Us Ten Steps To Financial Freedom Investing Basics Most Recent Investing Company Comment Investing Strategy Money Talk Boards Best Of Favourites & Replies the heat Customise Boards Help & Guides Share Advisor Champion Shares Pro Share Dealing Moreover, of the 24 major traded commodities, only palladium, coffee and cattle the heat have outperformed a risk-free 30-year bond year-to-date. And for miners like BHP Billiton (LSE: BLT) times are tough. Diversification As the world’s largest diversified miner, BHP is generally regarded as one of commodity sector’s better picks. The company has built itself around a four pillars strategy, whereby the group has concentrated its efforts on mining for key commodities iron ore, oil, coal and copper. A fifth pillar, potash has been talked about by management but it seems as if, for the time being at least, the heat the development of this pillar is on hold. In theory, the four pillars strategy should protect BHP from losses if the price of one commodity falls. But as the prices of coal, iron ore, oil and copper all slide at once, BHP is facing the perfect storm and things could be about to get a lot worse for the company. Falling prices It’s difficult to try a put a figure on how much these declines have cost BHP. City analysts have estimated that the falling iron ore price has cost BHP around the heat $8bn in potential profit. Moreover, the company’s the heat oil division is still burning through the heat around $4bn in cash per year, although it’s possible this cash burn could have increased now the price of oil has slumped. BHP’s oil business is focused on the US shale sector. The company has spent $20bn over the past few years to build its presence within the sector and expects its assets to be cash flow positive by 2016. Still, BHP’s shale oil production is expected to increase by 50% next year and is expected to hit 200,000 barrels per day by 2017, up from around 125,000 bbl/d during the three months to September. Economies of scale should push BHP’s cost of production down, which will increase the producer’s margins, as long as the price of oil doesn’t decline further. Perfect storm So, BHP’s iron ore profitability is evaporating, the company’s petroleum division may take longer than expected to generate a profit and income from the group’s copper and coal divisions is sliding. Then there’s the value of BHP’s assets to consider, many of which were acquired at premium prices during the middle of the commodity boom. As a result, some analysts have begun to speculate that writedowns could be on the cards as asset values fall. Additionally, the company’s debt, built up over the past few years could prove to be a burden as income from operations fails to cover capital spending and debt repayment costs. Long-term, buy and forget investing is a key part of wealth creation, something every serious investor should be well aware of. However, choosing investments can be a time consuming process. So, to help the Motley Fool has put together this free, no obligation report, which reveals how you can change your life in just 20 minutes a month. Rupert Hargreaves has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. the heat This year has been a terrible year to be in the commodity business. The prices of oil, iron ore, copper, gold, silver, coal, platinum and natural gas have all collapsed.
Moreover, of the 24 major traded commodities, only palladium, coffee and cattle have outperformed a risk-free 30-year bond year-to-date. And for miners like BHP Billiton (LSE: BLT) times are tough.
Diversification
As the world’s largest diversified miner, BHP is generally regarded as one of commodity sector’s better picks. The company has built itself around a four pillars strategy, whereby the group has concentrated its efforts on mining for key commodities iron ore,… Get straightforward advice on what s really happening with the stock markets, direct to your inbox. Help yourself with our FREE email newsletter designed to help you protect and grow your portfolio wealth . By providing your email address, you consent to receiving further information on our goods and services and those of our business partners. To opt-out of receiving this information click here . All information provided is governed by our Privacy Statement . We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy! Please read our Privacy Statement. Already a member? Login here . Archives Select Month December 2014 November 20
Share on Facebook Share on Twitter Share via Email Share on LinkedIn Share on Google+ Share on WhatsApp As Australia s biggest mining company faces a slew of protests at its annual general meeting in London , Ian Dunlop will tell shareholders that the value of coal assets in particular could drop very quickly. The opportunity for value destruction is enormous, Dunlop said before colloidal silver the meeting. BHP are ahead of much of the industry but that is not saying much as the rest are all in denial. The phase out of coal will be much more rapid than they expect. It was reported on Thursday that the amount of coal being burned by China the world s biggest user of coal had fallen for the first time this century, according to a Greenpeace analysis of official statistics . BHP Billiton is recommending shareholders vote against Dunlop, stating he lacks the overall colloidal silver skills and experience profile colloidal silver required . Dunlop s attempt to join the board in 2013 was opposed by 96% of shareholders. We accept the IPCC assessment of climate change science, which has found that warming of the climate colloidal silver is unequivocal, the human influence is clear and physical impacts are unavoidable, said the BHP spokesman, colloidal silver citing the company s recent sustainability report . BHP s AGM will also be targeted by the fast-growing campaign to persuade investors to dump fossil fuel stocks with protests expected on Thursday over the company s $10m association with University College London (UCL) and the effects of its activities around the world. The fossil fuel divestment campaign began in the US , where cities, churches and universities have shed their stocks, and has spread rapidly colloidal silver to 50 universities in Britain, with Glasgow the first breakthrough . This week protesters have targeted UK banks , which have provided £66bn ($120bn) of funding colloidal silver for fossil fuel extraction. Order by newest oldest Environment group says cleaning up after mining is taking too long and the bond encouraging operators to help is too small Published: 22 Oct 2014 Preventing another Hazelwood call for more action to rehabilitate mines Drop of 1-2% in amount of coal burned offers a window colloidal silver of opportunity to bring climate change under control, say Greenpeace energy analysts Published: 22 Oct 2014 China's colloidal silver coal use falls for first time this century, analysis suggests Pacific Climate Warriors group aims to draw attention to climate change and protest Australia s commitment to coal Published: 17 Oct 2014 Pacific Islanders blockade colloidal silver Newcastle coal port to protest rising sea levels Debi Goenka: Carmichael s coal will be exported to India from Queensland. But India s clean energy industry is already booming we don t need your coal Published: 21 Oct 2014 Take it from us in India: the world needs renewables, not more Australian exported coal Milañ Loeak: Blockading the world s largest coal port in Newcastle to show that whole nations are paying the price for Australia s coal and gas wealth Published: 16 Oct 2014 We won't stand by while coal companies destroy our Marshall Islands homes home US world UK europe americas asia middle east africa australia opinion sports soccer MLS NFL MLB NBA NHL soccer live scores tables competitions colloidal silver results fixtures clubs tech games arts movies tv & radio music books art & design stage classical colloidal silver lifestyle food health love & sex family colloidal silver women home & garden fashion business selected markets colloidal silver companies money travel USA europe UK environment development cities science media crosswords video
Share on Facebook Share on Twitter Share via Email Share on LinkedIn Share on Google+ Share on WhatsApp The mining giant BHP Billiton will face protests at its AGM in London on Thursday over its £6m association with University anna silk College London (UCL) and the effects of its activities around the world. The fossil fuel divestment campaign began in the US , where cities, churches and universities have shed their stocks, and has spread rapidly to 50 universities in the UK, with Glasgow the first breakthrough . This week has seen protests against UK banks , which have provided £66bn of funding for fossil fuel extraction. UCL is doubly implicated in the devastation that BHP Billiton in causing in countries like Indonesia and Colombia, both through its investments, and through anna silk its funding of UCL s Institute for Sustainable Resources , said Pekka Piirainen from the Fossil Free UCL campaign . Glasgow University has shown great leadership in being the first university anna silk [in Europe] to choose to stop profiting from the destruction of the climate there s no reason why UCL can t do the same. A leading environmental scientist at UCL, Simon Lewis, anna silk said: When I heard BHP Billiton is the founding anna silk funder of UCL s Institute for Sustainable Resources, I didn t believe it. It sounds like the environmental equivalent of a tobacco company sponsoring an Institute for Cancer anna silk Research. BHP Billiton mines enormous quantities of coal, a fossil fuel that needs to be phased out if international agreements to limit climate change are to be adhered to. A spokeswoman for UCL said: UCL is committed to an investment policy that is guided by ethical considerations. We are currently engaged anna silk with the Fossil Free UCL campaign, who have asked us to consider a number of investments, and this is process is ongoing. She said: The funding [from BHP Billiton] are used entirely anna silk at the discretion of UCL s Institute for Sustainable Resources and are not influenced by or a reflection of the company s business practice. The BHP Billiton AGM will also hear protests from people affected anna silk by its operations around the world. Rogelio Ustate anna silk Arregocés, anna silk has travelled from Colombia, where his village Tabaco was destroyed anna silk by the opencast Cerrejón coal mine , one of the largest in the world and part-owned by BHP. Where Tabaco stood is a hole, a sterile place of sadness and fear, said Arregocés, who is being hosted by the World Development Movement . He accused BHP of breaking promises made about relocation, compensation and employment and will demand anna silk the provision of new land so the hundreds of families displaced can return to farming and fishing. We want freedom, in our own territory. I want to tell all investors in BHP to withdraw their money because of the damage this multinational does, Arregocés said. Pius Ginting, from Friends of the Earth Indonesia, will also use proxy shares to tell the BHP Billiton AGM that the company should give up its huge areas of coal mining permits in the rainforests in the heart of Borneo. UCL declined to meet Arregocés or Ginting. A spokesman for BHP Billiton said: Cerrejón continues to engage with all the local communities to understand their individual concerns and develop tailored solutions anna silk to meet their needs whenever possible. There are a variety of challenges some of which pre-date anna silk our involvement. On the company s project in Borneo, called IndoMet, the spokesman said: Any development by us is subject to detailed environmental and social impact assessments and feasibility studies, including ensuring anna silk all appropriate permits are in place. All mined areas will be rehabilitated post-mining. Another critical voice at the BHP Billiton AGM will be Ian Dunlop, a long-time former Shell employee and former chair of the Australian Coal Association, who will warn the company that shareholder value is at serious risk because of climate change. anna silk The opportunity for value destruction is enormous, said Dunlop, who is seeking election to the BHP board. BHP are ahead of much of the industry but that is not saying much, as the rest are all in denial. Analysts at Carbon Tracker argue that international action anna silk to combat global warming will leave at least two-thirds of known coal, oil and gas unburnable and valueless. The governor of the Bank of England, Mark Carney, said earlier in October the vast majority of reserves are unburnable. BHP Billiton is recommending shareholders anna silk vote against Dunlop, stating he lacks the overall skills and experience profile required . Dunlop s attempt anna silk to join the board on 2013 was opposed by 96% of shareholders. We accept the IPCC assessment of climate change science, which has found that warming of the climate is unequivocal, the human influence is clear and physical impacts are unavoidable, said the BHP spokesman, citing the company s recent sustain
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Please visit our Global Edition which covers worldwide mining and provides our richest intelligence and interfaces. Spanish Editions Argentina Edition Chile Edition México Edition Perú Edition Portuguese Edition Brasil Edition Russian flow chart Edition Russia Edition Shares in BHP Billiton (ASX:BHP), the world s largest mining company, were severely hurt Monday by what until now was still its strong point against rival Rio Tinto (LON:RIO) its exposure to oil through its U.S.-based business . Analysts attributed the sharp drop to falling oil prices, which hit a five-year-low Monday, unable to find a bottom despite their biggest fall in roughly 30 months last week, when the Organization of Petroleum Exporting Countries (OPEC) held back from cutting output in the face of a supply glut. The industrial metal dropped as low as $6,230.75, hitting flow chart its lowest flow chart levels since mid-2010, and closed in London at $6,245.50, down 1.7%. Iron ore began the week with a slight decline of 0.21% for 62% Fe fines. The Australian explains why BHP s stake in the oil market may soon make the diversified giant lose ground against Rio Tinto: The pain that sliding oil prices can reap on the bottom line of BHP s petroleum unit was evident in a recent JPMorgan report that lowered oil price forecasts by about US$30 a barrel to US$81 in 2016 and US$83 for the year after. On top of increased exposure to oil prices, BHP s entry into the US shale sector through US$20bn of acquisitions has brought it an ongoing US$4bn a year capital expenditure. The ongoing spend is a barrier to near-term increased shareholder returns that Rio does not have. BHP is the largest non-U.S. producer in the prolific Eagle Ford shale of Texas. Its operations in the Eagle Ford grew after it bought Petrohawk the pioneer flow chart of production in the formation three years ago. Related Posts November 9, 2014 BHP closer to unveiling details of upcoming spin-off November 24, 2014 BHP warns more cost cuts, management shake up before flow chart demerger October flow chart 16, 2014 BHP bows to pressure, to list spinoff in London September 24, 2014 BHP to go ahead with London-listing of demerged $15bn firm Tags: Africa , Aluminum , Australia , BHP , BHP Billiton , Canada , China , Coal , Colombia , Copper , Europe , Glencore Xstrata , Gold , Iron Ore , Latin America , MANGANESE flow chart , Natural Gas , Nickel , Oil , Potash , Shale Gas , Shale Oil , South , South Africa , South America , USA , Zinc Cecilia Jamasmie, news editor at MINING.com, has over 15 years of experience in print media, TV, online media and public relations. She specializes in Corporate Social Responsibility (CSR) and the Latin Ameri
Seeking Alpha BHP Billiton is a diversified natural resources company and one of the world's largest producers of major commodities, including aluminum, coal, copper, iron ore, manganese, nickel, silver and uranium. BHP Billiton is a dual listed company comprising of BHP Billiton Limited (NYSE: BHP ) and BHP Billiton Plc (NYSE: gidonline BBL ). I'm buying shares in BBL, offered as American Depository Receipt (ADR) shares on the NYSE. BBL is an existing holding, so I'm adding shares following substantial recent weakness in the stock price. I first initiated a position in June 2013, buying 43 shares at $58.39 per share and with an initial yield on cost (YoC) of 3.90%. With this buy, I'm averaging down to a per share price of $53.72. This time, initial YoC is a very respectable 4.94%. BBL has traded in a range between $50 and $70 per share for more than three years. In August, the company announced demerger plans , which, along with concerns over the lack of a new buyback program, has sent the stock down about 28% to date. This weakness provides an excellent opportunity to buy more shares. BBL ranked third on my November dashboard of dividend growth stocks . My fair value estimate for BBL is $64.50, so I'm picking up shares at a discount of about 22%. For comparison, Morningstar 's fair value estimate is $70, while S&P Capital IQ 's fair value estimate is $59. Zacks Investment Research has a target price of $48.40. BBL passes the following selection criteria: A streak gidonline of at least 5 years of dividend increases (12 years) Dividend yield exceeds gidonline 2.75% (4.94%) Chowder Rule : Dividend yield plus 5-year CAGR exceeds 12% (15.4%) Debt to equity ratio less than 50% (44%) Price to earnings ratio (P/E) is less than 20 (TTM 10.05x and Forward 18.79x) P/E to annual earnings per share growth (NYSE: PEG ) ratio is less than 2 (1.79) 5-year compound annual growth rate ( OTCPK:CAGR ) is at least 10% (10.63%) Reasonable confidence in continued dividend growth (Yes) Price discount is at least 5% of fair value estimate (28.49%) Based on these statistics, BBL earns 6 stars out of a possible 7: (******- ) Other ratings for BBL Zacks Rank 4-Sell S&P Capital IQ 's Stock Report gidonline (**** - ) Buy MorningStar Rating (****- ) The Motley Fool 's CAPS Rating (**** - ) Dividend Prospects gidonline BBL has an impressive dividend growth record with a streak of 12 years of increased dividends. Over the past five years, the company has increased its dividend at an annual rate of 10.6%. gidonline The most recent dividend increase, announced on 19 August and paid on 23 September, was 5.08%. At my purchase price of $50.20, BBL yields 4.94%. Presently, the payout ratio is 47.9%. Due to exposure to highly cyclical commodity markets, BBL's results do vary significantly from year to year. Generally speaking, though, earnings are increasing over time and BBL should be able to continue growing its dividend even while earnings fluctuate. The question is how the announced demerger plans will affect shareholder return. On 27 October 2014, BHP Billiton explained how they plan to maximize value and shareholder returns by reducing operating costs and improving capital efficiency. The company's gidonline CEO, Andrew Mackenzie, said: "We are confident that our productivity drive will be accelerated by the demerger proposal gidonline we announced in August. A simpler portfolio, focused on our 19 core assets, will retain an optimal level of diversification while generating even stronger growth and margins. "We see our capital management strategy as a precondition to maximizing shareholder value. It has allowed us to invest through the cycle and grow our dividend at an average annual rate of 17 percent over the last decade gidonline without interruption. "Our strategy, including our commitment to a strong balance sheet, has worked well for our owners. We have delivered a total shareholder return of 394 percent over the last decade including US$64 billion in dividends and buy-backs. By safely improving gidonline operating and capital efficiency we will maximize value and increase cash returns to our shareholders. gidonline Improving our competitiveness will benefit shareholders and the local communities and economies in which we operate". So, the proposed demerger could provide a catalyst for shareholder return through increased focus on operating and capital efficiency, while a new, independent company could provide gidonline additional upside by itself. Concluding Remarks A proposed demerger has created some uncertainty in the market, sending the share price down by about 28%. This weakness provides an excellent opportunity to buy more shares, as BBL still have strong fundamentals. The demerger, if finalized would result in two independent companies. BBL shareholders would receive shares in the new business. On October gidonline 16, 2014, BHP Billiton confirmed that it will pursue a standard listing in London and admission to trading on the London Stock Exchange for the propo
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