BHP Group (BHP)

[idpickering]

Further to the above, more info re the dividend is in this post, with a nod to my namesake, here;

viewtopic.php?p=522752#p522752

Ian.

[idpickering]

Notice of Dividend Currency Exchange Rates - 2022 Final Dividend.

On 16 August 2022, the Board of BHP determined to pay a final dividend of 175 US cents per share for the year ended 30 June 2022. Currency conversions are based on foreign currency exchange rates on a single day or an average for a period of days ending on or before the Record Date, being 2 September 2022.

For the 2022 final dividend:

(ii) The GBP pounds sterling currency conversion will be based on the average rate over a two day period commencing on 1 September 2022 and ending on 2 September 2022.

151.462697 British pence paid 22 September 2022.

https://www.investegate.co.uk/bhp-group ... 00052400Y/

Ian.

[idpickering]

Notification of publication of the Annual Report.

The following documents are available to view or download via BHP's website - bhp.com - or using the web links below:

https://www.investegate.co.uk/bhp-group ... 00023522Y/

Ian.

[idpickering]

BHP Economic Contribution Report Extract 2022.

Introduction

Our Economic Contribution Report (Report) for the year ended 30 June 2022 was released today.

BHP's performance this year has been strong. There has been increased economic volatility, inflationary pressures and global supply chain disruption, but managing uncertainty and risk is a core part of our business, and our systems and processes have allowed us to address these additional challenges in a disciplined way. This, along with our focus on operational excellence, the quality of our assets, and our leading approach to social value means that we remain better positioned to consistently deliver strong results through the cycle.

https://www.investegate.co.uk/bhp-group ... 00023523Y/

Ian.

[idpickering]

Notice of Meeting 2022.

BHP Group Limited (BHP) will hold its 2022 Annual General Meeting (AGM) at the Perth Convention and Exhibition Centre, 21 Mounts Bay Road, Perth, Western Australia on Thursday 10 November 2022, starting at 10:00am (Perth time).

https://www.investegate.co.uk/bhp-group ... 00074567B/

Ian.

[idpickering]

Western Australia Iron Ore briefing - Day 1.

BHP will be hosting an investor and analyst briefing today to provide an update on our Western Australia Iron Ore business and our outlook for the steel and iron ore markets, including steel decarbonisation and our Scope 3 emission partnerships.

The Western Australia Iron Ore site tour: Day 1 presentation materials have been submitted to the FCA National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

The presentation slides and script will be available on BHP's website at: https://www.bhp.com/investors/presentat ... -briefings

Further information on BHP can be found at: bhp.com

https://www.investegate.co.uk/bhp-group ... 00065057B/

Ian.

[idpickering]

Western Australia Iron Ore briefing - Day 2.

BHP will be hosting an investor and analyst briefing today to provide an update on our Western Australia Iron Ore South Flank operation.

The Western Australia Iron Ore site tour - Day 2 presentation materials have been submitted to the FCA National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

The presentation slides will be available on BHP's website at: https://www.bhp.com/investors/presentat ... -briefings

Further information on BHP can be found at: bhp.com

https://www.investegate.co.uk/bhp-group ... 00026880B/

Ian.

[idpickering]

Western Australia Iron Ore briefing - Day 3.

BHP will be hosting an investor and analyst briefing today to provide an update on our Western Australia Iron Ore Port and Rail operations.

The Western Australia Iron Ore site tour - Day 3 presentation materials have been submitted to the FCA National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

The presentation slides will be available on BHP's website at: https://www.bhp.com/investors/presentat ... -briefings

Further information on BHP can be found at: bhp.com

https://www.investegate.co.uk/bhp-group ... 00017977B/

Ian.

[idpickering]

BHP OPERATIONAL REVIEW FOR THE QUARTER ENDED 30 SEPTEMBER 2022.

 We continued to deliver safe and reliable operational performance during the quarter.
 All production and unit cost guidance1
remains unchanged for the 2023 financial year.
 Jansen Stage 1 is tracking to plan, with civil and mechanical construction activities progressing at the
Jansen site and at the port. We are targeting Jansen Stage 1 first production in the 2026 calendar year
and have accelerated the Jansen Stage 2 study.
 BHP announced the signing of a large-scale renewable Power Purchase Agreement (PPA) with Alinta
Energy, which is expected to halve greenhouse gas (GHG) emissions from the electricity used in our
Western Australian Iron Ore (WAIO) port facilities by the end of the 2024 calendar year.

BHP Chief Executive Officer, Mike Henry:
“We have started the new financial year strongly, achieving safe and reliable operating performance. The first quarter
included significant planned major maintenance in Western Australia Iron Ore (WAIO), BHP Mitsubishi Alliance (BMA),
and Olympic Dam.
Copper production was up nine per cent on the same quarter last year, with strong concentrator throughput at Escondida
and record quarterly anode production at Olympic Dam. WAIO continued to perform strongly, with production up by 3%
relative to the same period last year, and we managed through substantial rainfall and labour constraints in our coal
assets with production only down marginally year on year. Our full year production and unit cost guidance is unchanged.
The South Flank iron ore ramp-up and the Jansen potash project are tracking well, with work ongoing to bring forward
first production from Jansen Stage 1 and accelerate Jansen Stage 2.
During the quarter, BHP struck a new agreement to supply our WAIO port facilities with renewable electricity, which is
expected to halve GHG emissions from the electricity used, signed an MoU with India’s Tata Steel to collaborate on
lower GHG emission steelmaking and announced a partnership with Pan Pacific Copper to reduce GHG emissions
from maritime transportation, as we take further action to reduce GHG emissions from our operations and support
decarbonisation of our suppliers and customers.
We expect global macro-economic uncertainty in the short term to continue to affect supply chains, energy costs, labour
markets and equipment and materials availability. BHP remains well positioned, with a portfolio and balance sheet to
withstand external challenges and a strategy positioned to benefit from the global mega-trends of decarbonisation and
electrification.”

https://www.bhp.com/-/media/documents/m ... er2022.pdf

Ian.

[idpickering]

For those who prefer it, the RNS on the above is here;

BHP - Q1 FY2023 Operational Review.

https://www.investegate.co.uk/bhp-group ... 00043322D/

Ian.

[77ss]

Oz Minerals Shares Halted Pending Potential Control Change.

Oz Minerals Ltd. has requested a trading halt pending an announcement in relation to a potential change-of-control transaction, three months after the copper miner rejected a A$8.4 billion ($5.7 billion) bid by BHP Group Ltd.

No announcement that I can find from BHP. Raised offer?

https://www.smh.com.au/business/compani ... 5bytw.html

[daveh]

Oz Minerals Shares Halted Pending Potential Control Change.

Oz Minerals Ltd. has requested a trading halt pending an announcement in relation to a potential change-of-control transaction, three months after the copper miner rejected a A$8.4 billion ($5.7 billion) bid by BHP Group Ltd.

No announcement that I can find from BHP. Raised offer?

https://www.smh.com.au/business/compani ... 5bytw.html

Yes, revised offer:
https://www.investegate.co.uk/bhp-group ... 00018374G/

OZ MINERALS BOARD INTENDS TO RECOMMEND BHP'S REVISED PROPOSAL

BHP has submitted a revised non-binding indicative proposal to the Board of OZ Minerals Limited (OZL) to acquire 100% of OZL by way of a scheme of arrangement for a cash price of A$28.25 per OZL share (the Revised Proposal). This offer price represents the best and final price BHP is willing to offer under the Revised Proposal, in the absence of a competing proposal.



The OZL Board has confirmed to BHP that it intends to unanimously recommend the Revised Proposal to OZL shareholders as being in the best interests of OZL shareholders in the absence of a superior proposal subject to the parties entering into a binding scheme implementation agreement (SIA) following completion of BHP's confirmatory due diligence and an independent expert concluding that the Revised Proposal is in the best interests of OZL shareholders.



The Revised Proposal price of A$28.25 per share corresponds to an enterprise value of A$9.6 billion1 for OZL and represents a significant and attractive premium of:

• 49.3% to OZL's closing price of A$18.92 per share on 5 August 2022, being the last trading day prior to the initial proposal by BHP;

• 59.8% to OZL's 30-day VWAP of A$17.67 per share up to and including 5 August; and

• a 13.0% increase to BHP's original offer price of A$25.00 per share.

[daveh]

The OZL minerals deal looks to be going ahead:

https://www.investegate.co.uk/bhp-group ... 00025450K/

BHP AND OZL ENTER INTO SCHEME IMPLEMENTATION DEED

BHP has entered into a Scheme Implementation Deed (SID) with OZ Minerals Limited (OZL) to acquire 100% of OZL by way of a scheme of arrangement for a cash price of A$28.25 per OZL share (Scheme).

The SID confirms the terms of the Scheme and BHP's non-binding indicative proposal announced on 18 November 2022. The execution of the SID follows the completion of a four-week exclusive due diligence period.

BHP's offer price of A$28.25 per OZL share corresponds to an enterprise value of A$9.6 billion[1] for OZL and represents a significant and attractive premium of:

· 49.3% to OZL's closing price of A$18.92 per share on 5 August 2022, being the last trading day prior to the initial proposal by BHP; and

· 59.8% to OZL's 30-day VWAP of A$17.67 per share up to and including 5 August 2022.

OZL Board support

The OZL Board has unanimously recommended that OZL shareholders vote in favour of the Scheme, and each OZL director intends to vote their OZL shares in favour of the Scheme, in the absence of a superior proposal and subject to an independent expert concluding that the Scheme is in the best interests of OZL shareholders.

A 60% premium - I hope BHP are not overpaying!

[idpickering]

Mining Giant BHP To Face $10bn Damages Trial In UK Over Brazil Dam Collapse.

Global mining firm BHP must stand trial in the UK to face an estimated ?10 billion ($12 billion) damages claim over a deadly 2015 dam collapse in Brazil, a judge has ruled.

https://www.ibtimes.com/mining-giant-bh ... se-3650221

Ian.

[idpickering]

BHP OPERATIONAL REVIEW FOR THE HALF YEAR ENDED 31 DECEMBER 2022.

· We remained fatality free at our operated assets for the fourth consecutive year and continued to deliver reliable operational performance during the quarter.

· Western Australia Iron Ore (WAIO) achieved record production of 146 Mt (100% basis) for the half year.

· Production guidance for the 2023 financial year remains unchanged, with Escondida and BHP Mitsubishi Alliance (BMA) trending to the low end of their respective guidance ranges.

· Full year unit cost guidance1 for Escondida and WAIO remains unchanged. Unit cost guidance for BMA and New South Wales Energy Coal (NSWEC) has been increased, largely reflecting production impacts from significant wet weather and inflationary pressures.

· BHP entered into a Scheme Implementation Deed with OZ Minerals Ltd (OZL) to acquire 100% of OZL by way of a scheme arrangement for a cash price of A$28.25 per OZL share.

https://www.investegate.co.uk/bhp-group ... 00021944N/

Ian (No position).

[Steveam]

https://www.bhp.com/-/media/documents/m ... er2022.pdf

Half year to 31-Dec-2022

Best wishes,

Steve

[daveh]

Dividend conversion rates:

https://www.investegate.co.uk/bhp-group ... 00016664S/

Dividend 90 US cents per ordinary share   Exchange rate   Dividend per ordinary share in local currency

Australian cents                                         0.660000                              136.363636

British pence                                              1.210150                              74.370946

New Zealand cents                                      0.610905                              147.322415

South African cents                                    18.34130                                1,650.71700

[daveh]

OZL shareholders vote in favour of takeover:

https://www.investegate.co.uk/bhp-group ... 00010570W/

OZ MINERALS SHAREHOLDERS VOTE IN FAVOUR OF SCHEME OF ARRANGEMENT

BHP is pleased to announce that OZ Minerals Limited (OZL) shareholders today approved the scheme of arrangement for BHP Lonsdale Investments Pty Limited, a wholly owned subsidiary of BHP Group Limited, to acquire 100% of the shares in OZL (the Scheme).

[idpickering]

BHP OPERATIONAL REVIEW FOR THE NINE MONTHS ENDED 31 MARCH 2023.

• A colleague, Jody Byrne, tragically was fatally injured in a rail incident in our Port Hedland operations in
February.
• Production guidance for the 2023 financial year remains unchanged for iron ore, metallurgical coal and
energy coal. Strong performance means Olympic Dam and Pampa Norte are expected to be toward the
upper end of their guidance ranges, while BHP Mitsubishi Alliance (BMA) is expected to be at the bottom
of its range.
• Production guidance at Escondida has been lowered to between 1,050 and 1,080 kt (from between 1,080
and 1,180 kt). Given the strong performance at the other copper assets, full year total copper production
guidance remains unchanged at between 1,635 and 1,825 kt. Full year nickel production has been lowered
to between 75 and 85 kt (from between 80 and 90 kt).
• Western Australia Iron Ore (WAIO) achieved record production of 212.6 Mt (100% basis) for the nine month
period. Pleasingly, there was no significant damage or reported injuries at our WAIO sites as a result of
Tropical Cyclone Ilsa. Our Port Hedland operations were suspended in coordination with the Pilbara Ports
Authority.
• Full year unit cost guidance1
remains unchanged from the half year period ended 31 December 2022.
Escondida and WAIO are expected to be at the top of their respective ranges.
• On 13 April 2023, shareholders of OZ Minerals Ltd (OZL) voted to approve the scheme of arrangement for
BHP to acquire 100 per cent of the shares in OZL. The Scheme became effective on 18 April 2023 and is
expected to be implemented on 2 May 2023.
• The South Australian government has granted environmental approval for the next phase of exploration
drilling at Oak Dam.
• BHP has identified a new copper porphyry mineralised system, Ocelot, in the Miami-Globe copper
district in Arizona, United States.

Item downloadable via here;

https://www.bhp.com/investors/financial ... al-reviews

Ian (No holding).

[idpickering]

Further to the above, the RNS is here;

https://www.investegate.co.uk/bhp-group ... 00019855W/

Ian.