Latest news with #BHPGroup
Business Recorder
17 hours ago
- Business
- Business Recorder
Australian shares set for first weekly drop in six as Middle East conflict weighs
Australian shares fell to a two-week low in early trade on Friday, poised to snap a five-week winning streak, as escalating Middle East tensions dampened investor sentiment and softer metal prices weighed on local miners. The S&P/ASX 200 index was down 0.3% at 8,500 points, as of 0033 GMT. The benchmark has lost 0.6% so far this week, and on track for its first weekly decline in six weeks, if losses hold. Globally, investors stayed risk-averse as tensions between Iran and Israel continued to escalate, with Israel targeting nuclear sites in Iran amid a persistent absence of a ceasefire between the two long-standing adversaries. 'With US markets offline and no fresh news – other than speculation about the possibility of US intervention – related to the potential war between Israel and Iran, risk was taken off the table,' said Kyle Rodda, senior financial market analyst with Australian heavyweight miners lost 0.6%, hitting their lowest levels since April 17, as lower copper prices weighed on the metals sub-index. Mining behemoth BHP Group fell 0.3% while iron ore miner Rio Tinto lost 1%. For the week, miners have shed 4.5% so far, on track for their worst week since March 31. Australian shares hit 2-week low as miners, gold stocks fall; Fed holds rate The financials sub-index slipped 0.3%, with the 'Big Four' banks declining between 0.1% and 0.3%. Energy stocks traded largely flat as investors assessed the potential impact of Middle East tensions on global oil supply. Despite the subdued session, the sector has advanced 5.3% so far this week and is on track for its fourth straight weekly gain. Woodside Energy rose 0.7% while smaller rival Santos added 0.4%. Information technology firms lost 0.2% and Australian health stocks shed 0.3%. Markets in New Zealand were closed for a public holiday.
Bloomberg
a day ago
- Business
- Bloomberg
Xi's Giant Iron Ore Trader Is Shaking Up a $130 Billion Market
By and Alfred Cang Save Just three years after its founding, a Chinese government-run trader has become the single biggest force in the country's $130 billion market for iron ore imports. The rise of China Mineral Resources Group Co. has allowed it to tame one of the world's wildest commodities markets — sending volatility in iron ore futures to a record low. It's also playing a role in negotiations with global mining companies, potentially shifting the balance of power between China's vast steel industry and major suppliers like Rio Tinto Group and BHP Group.
Yahoo
2 days ago
- Business
- Yahoo
Rio Tinto Secures ARENA Support to Advance Decarbonisation Project
Rio Tinto Group RIO announced that its joint venture NeoSmelt secured Australian Renewable Energy Agency's ('ARENA') support for its planned Western Australian pilot plant. Rio Tinto, BHP Group BHP, and BlueScope, Australia's largest steelmaker, formed the NeoSmelt collaboration in February 2024. The joint venture was formed to develop Australia's largest ironmaking electric smelting furnace (ESF) pilot plant in Western aim was to advance decarbonizing the steelmaking process, which is the need of the hour, considering that steel production accounts for around 8% of the world's carbon combined BHP and Rio Tinto's knowledge of Pilbara iron ore with BlueScope's unique operating experience in ESF technology. BlueScope is the operator of the world's only ESF processing direct reduced iron (DRI) in New Woodside Energy and Mitsui Iron Ore Development have teamed up with Rio Tinto, BHP Group and BlueScope to grow NeoSmelt further. NeoSmelt secured A$19.8 million ($12.9) for a FEED study to develop lower-carbon production using Pilbara iron ore. The Western Australian Government has previously committed A$75 ($48.9) million contribution to the NeoSmelt pilot plant will test and optimize the production of iron from the ESF. The ESF is capable of producing iron suitable for the basic oxygen steelmaking process. Iron ore is first converted to DRI before being charged into the ESF. The DRI-ESF equipment can replace the traditional blast furnace. This can help in reductions of up to 80% in CO2 emission intensity compared with the conventional blast furnace steel pilot plant will produce molten iron of 30,000-40,000 tons a year. It will initially use natural gas to reduce iron ore to DRI. Once operational, the project aims to use lower-carbon emissions hydrogen for the project is currently in the feasibility phase, and the final investment decision for the pilot plant is expected in 2026, with operations anticipated to start in 2028. In the past year, shares of the company have lost 6.7% against the industry's 1% growth. Image Source: Zacks Investment Research Rio Tinto currently has a Zacks Rank #4 (Sell).Some better-ranked stocks from the basic materials space are SSR Mining Inc. SSRM and ATI Inc. ATI. SSR Mining currently sports a Zacks Rank #1 (Strong Buy), and ATI carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks Mining has an average trailing four-quarter earnings surprise of 58.8%. The Zacks Consensus Estimate for SSRM's 2025 earnings is pegged at $1.14 per share, implying year-over-year growth of 307%. SSR Mining stock has soared 88.6% last has an average trailing four-quarter earnings surprise of 12.54%. The Zacks Consensus Estimate for ATI's 2025 earnings is pegged at $3.01 per share, indicating year-over-year growth of 22.4%. ATI shares have jumped 54% last year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report ATI Inc. (ATI) : Free Stock Analysis Report Rio Tinto PLC (RIO) : Free Stock Analysis Report Silver Standard Resources Inc. (SSRM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-06-2025
- Business
- Yahoo
BHP Group Limited (ASX:BHP) is favoured by institutional owners who hold 55% of the company
Significantly high institutional ownership implies BHP Group's stock price is sensitive to their trading actions A total of 25 investors have a majority stake in the company with 48% ownership Recent purchases by insiders Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Every investor in BHP Group Limited (ASX:BHP) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are institutions with 55% ownership. Put another way, the group faces the maximum upside potential (or downside risk). Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute. In the chart below, we zoom in on the different ownership groups of BHP Group. See our latest analysis for BHP Group Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. BHP Group already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of BHP Group, (below). Of course, keep in mind that there are other factors to consider, too. Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. Hedge funds don't have many shares in BHP Group. The company's largest shareholder is State Street Global Advisors, Inc., with ownership of 7.1%. In comparison, the second and third largest shareholders hold about 6.0% and 5.7% of the stock. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Our most recent data indicates that insiders own less than 1% of BHP Group Limited. However, it's possible that insiders might have an indirect interest through a more complex structure. Being so large, we would not expect insiders to own a large proportion of the stock. Collectively, they own AU$60m of stock. In this sort of situation, it can be more interesting to see if those insiders have been buying or selling. The general public-- including retail investors -- own 40% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. It's always worth thinking about the different groups who own shares in a company. But to understand BHP Group better, we need to consider many other factors. For example, we've discovered 2 warning signs for BHP Group (1 is significant!) that you should be aware of before investing here. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Business of Fashion
05-06-2025
- Business
- Business of Fashion
De Beers Draws Interest From Ex-CEOs as Anglo Starts Sale
Anglo American Plc is about to begin a formal sales process for De Beers, after receiving indications of interest from potential buyers that include two former chief executives of the iconic diamond miner. An exit from De Beers represents the final step in a sweeping restructuring plan outlined by Anglo CEO Duncan Wanblad last year as the company fended off a takeover approach from BHP Group. Anglo has already agreed to sell its coal and nickel mines and unbundled its platinum business this week. Former De Beers bosses Gareth Penny and Bruce Cleaver are both leading groups that are potential buyers, as is Australian mining veteran Michael O'Keeffe, according to people familiar with the matter. Anglo is working with advisers who are preparing to start the process, said the people, who asked not to be identified discussing private information. Anglo American declined to comment, as did Penny and Cleaver. O'Keeffe could not be reached for comment. Anglo has waited to sell De Beers as the diamond industry grappled with its deepest crisis in decades, after a collapse in Chinese demand and fierce competition from synthetic stones. Anglo wrote down the value of the unit for a second time in February, to about $4.9 billion. Anglo shares rose as much as 4 percent and traded at 2,314 pence by 2:14 p.m. in London. But while prices for rough diamonds have slumped, Anglo's executives still see De Beers as a trophy asset — the company has said it will be patient in finding a buyer and doesn't want to destroy value by moving too quickly. The diamond market is now showing signs of stabilising, although President Donald Trump's trade war has created fresh uncertainty and disruption. Anglo is also examining options for an initial public offering or demerger of De Beers. However, a sale is the preferred and most likely option, the people said. A successful sale of De Beers would mark a significant step forward in Wanblad's efforts to streamline Anglo's business and revive its fortunes after a series of missteps that left the century-old miner vulnerable to BHP's takeover attempt. Cleaver, currently chairman of emerald miner Gemfields Group Ltd., was CEO of De Beers until 2023. He's in the advanced stages of arranging funding for a potential offer, two of the people said. Penny is also a former De Beers CEO, who ran the company when the billionaire Oppenheimer family still owned a stake. He led De Beers through the global financial crisis, when it was forced to shutter mines and tap its shareholders in an emergency rights issue, and is currently chairman of asset manager Ninety One Plc. O'Keeffe is a mining veteran who sold coal producer Riversdale Mining to Rio Tinto Group for $3.7 billion in 2011. He's chairman of Burgundy Diamond Mines Ltd., an Australia-based company which operates the Ekati mine in Canada, once owned by BHP Group. By Thomas Biesheuvel, Dinesh Nair Learn more: De Beers is Closing Its Man-Made Diamond Jewellery Business De Beers is closing its lab-grown diamond jewellery business amid declining synthetic gem values and a company restructuring.
