Mining 101: a good mining company makes money at the low end of a steep cost-curve. This is BHP’s strategy and it is working wonders in iron ore. However, in 2011 BHP forgot this simple rule. Deal hungry and with cash flow burning a hole in the pocket after two... Show More
BHP Billiton (BHP) first half of 2017 underlying profit result beat strong market expectations, boosted by higher commodity prices and tight cost management. Underlying profit up nearly 7 times half year 2016 numbers with underlying EBITDA margin reaching 54% up from 41% this time last year, helped by productivity gains.... Show More
Brad Potter, Head of Australian Equities at Nikko AM Australia recently visited China, primarily to find out what has been driving recent increases in iron ore and coal prices and whether they can be sustained. It appears that supply side reforms are taking place in the materials sector and there... Show More
I recently visited Perth to speak with some iron ore miners, before heading north to visit Fortescue Metals Group’s Solomon mining hub and Port Hedland infrastructure. Show More
Yesterday’s record full year loss will mark a turning point for BHP Billiton. The Big Fella, as BHP is affectionately known, got far too big for his boots. We won’t be seeing senseless acquisitions for a long time. The management team is going to get back to focusing on operating the... Show More
BHP Billiton (BHP) reported an underlying attributable profit of US$412 million for the half year ending December 2015. The result was below market expectations with the changes to its dividend policy also a shock to investors Show More
Today, BHP Billiton (ASX: BHP) announced a US$10 billion after tax write down on its onshore United States (US) oil and gas assets resulting from an oil price fall of more than 30% over the last three months. The company said it expects to take an impairment charge of US$7.2... Show More
I spoke with Swiss financial television station Dukascopy TV about geopolitical event uncertainty, Australian AGM season and how can investors be smarter in their stock selection. Over the last 20 years, big positions in traditional Australian blue chip stocks have been rewarding for investors. BHP Billiton Limited and Rio Tinto... Show More
Romano Sala Tenna from Katana Asset Management says he remains cautious on the current state of equity markets and as a result is holding around 30% cash. Sala Tenna says widening spreads in debt markets and rising volatility are just two of the symptoms that are giving rise for his... Show More
South32's report for the first quarter of the 2016 financial year was released to the market this morning. The production numbers were good, as expected, and management are indicating there is more cost to come out of the business than suggested at the time it was spun out of BHP... Show More