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Mijnen,Rio...bhp

2.088 Posts, Pagina: « 1 2 3 4 5 6 ... 77 78 79 80 81 82 83 84 85 86 87 ... 101 102 103 104 105 » | Laatste

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voda 16 oktober 2019 15:11

Rio Tinto Releases Third Quarter Production Results

Rio Tinto chief executive J-S Jacques said “We have delivered improved production across the majority of our products in the third quarter, with a solid result at our Pilbara mines driving increased sales of iron ore into robust markets. Our strong value over volume approach, coupled with our focus on operational performance and disciplined allocation of capital, will continue to deliver superior returns to shareholders over the short, medium and long term.”

Voor cijfers, zie pdf.

Pilbara iron ore shipments of 86.1 million tonnes (100% basis) in the third quarter were 5% higher than the third quarter of 2018. Pilbara iron ore production of 87.3 million tonnes (100% basis) was 6% higher than the third quarter of 2018 and 10% higher than the previous quarter, reflecting a good recovery from the operational and weather challenges experienced earlier in the year.

Third quarter bauxite production and shipments to third parties were 9% and 23% higher, respectively, than the same period of 2018. Bauxite production from non-managed Joint Ventures was lower than planned year to date.

Aluminium production of 0.8 million tonnes was 3% lower than the third quarter of 2018, primarily reflecting a preventive safety shutdown at one of the three pot-lines at ISAL in Iceland and earlier than planned pot relining at Kitimat in British Columbia, Canada.

Mined copper production of 158 thousand tonnes was 1% lower than the third quarter of 2018, but 15% higher than the second quarter, reflecting higher grades at Kennecott and improved throughput at Escondida.

At the Oyu Tolgoi underground project, the primary production shaft (shaft 2) remains on track for commissioning this month. Since July 2019, we have completed key infrastructure, including the central heating plant, the shaft 2 jaw crusher system and the surface discharge conveyor. Work continues on the mine re-design.

Titanium dioxide slag production of 321 thousand tonnes was 8% higher than the third quarter of 2018, reflecting a continued improvement in operational performance and the restart of furnaces in 2019.

Third quarter production at Iron Ore Company of Canada was 3% higher than the corresponding quarter of 2018 and 17% higher than the previous quarter, reflecting a return to normal operating conditions following the flooding incident which impacted June.

Guidance is unchanged, with the exception of bauxite production, which has been revised to around 54 million tonnes (previously 56 to 59 million tonnes), and alumina production, which has been revised to around 7.7 million tonnes (previously 8.1 to 8.4 million tonnes).

On 25 September 2019, Rio Tinto announced the signing of a Memorandum of Understanding with China Baowu Steel Group and Tsinghua University to develop and implement new methods to reduce carbon emissions and improve environmental performance across the steel value chain.

Third quarter exploration and evaluation spend was $177 million, 62% higher than the same period of 2018, primarily reflecting increased activity on advanced projects.

Source : Strategic Research Institute

Bijlage:

voda 18 oktober 2019 16:38

Rio Tinto Q3 Copper production Update

Rio Tinto Kennecott - Third quarter mined copper production was 2% lower than the same period of 2018, but 40% higher than the previous quarter, as mining activity moved to an area of higher grades following the low grades experienced in the second quarter. Refined copper production was lower than comparable prior periods, reflecting reduced copper concentrate availability from the previous quarter, a planned smelter shut-down in July and additional unplanned maintenance which reduced furnace online time. Rio Tinto Kennecott continues to toll and purchase third party concentrate to optimise smelter utilisation, with 11.9 thousand tonnes of concentrate received for processing in the third quarter of 2019, compared with 6.3 thousand tonnes in the third quarter of 2018. Purchased and tolled copper concentrate are excluded from reported production figures. Higher molybdenum grades were sustained in the third quarter, with production of 2.1 thousand tonnes, compared with 1.4 thousand tonnes in the same quarter in 2018.

Escondida - Third quarter mined copper production at Escondida was 4% higher than the same period of 2018, mainly due to higher concentrator throughput and an increase in recoverable copper in ore stacked for leaching.

Oyu Tolgoi - Mined copper production from the open pit in the third quarter of 2019 was 28% lower than the same period in 2018 and 27% lower than the prior quarter as mining activity moved to lower grade areas of the pit, as planned.

Oyu Tolgoi Underground Project - Commissioning milestones for the primary production shaft (shaft 2) remain on target for completion in October. Rope-up of the service and production hoists was completed as planned, and testing of the braking system has also been completed. Since July 2019, we have also completed key infrastructure, including the central heating plant, the shaft 2 jaw crusher system and the surface discharge conveyor.

Resolution Copper - On 9 August 2019, Rio Tinto announced that the Resolution Copper project in the US had achieved a major permitting milestone with the release of an independently prepared Draft Environmental Impact Statement for the project. The rigorous review, conducted by the US Forest Service over a six year period, included broad public engagement.

Source : Strategic Research Institute

voda 18 oktober 2019 17:13

BHP Iron Ore Performance in September Quarter

Total iron ore production decreased by one per cent to 61 million tonne (69 million tonne on a 100 per cent basis). Guidance for the 2020 financial year remains unchanged at between 242 and 253 million tonne (273 and 286 million tonne on a 100 per cent basis). At WAIO, lower volumes reflected significant planned maintenance at Port Hedland, including a major car dumper maintenance program, to further improve port reliability and provide a stable base for our tightly coupled supply chain. Major planned car dumper maintenance was completed on 16 October 2019, while the port maintenance program continues through the 2020 financial year. Mine operations continued to deliver consistent performance during the quarter.

Mining and processing operations at Samarco remain suspended following the failure of the Fundao tailings dam and Santarem water dam on 5 November 2015.

In September 2019, BHP divested its 45.5 per cent interest in the Nimba iron ore project in Guinea to High Power Exploration Inc.

Source : Strategic Research Institute

voda 18 oktober 2019 17:15

BHP Operational Review for September Quarter

BHP Chief Executive Officer, Andrew Mackenzie, said: “We delivered a solid start to the 2020 financial year through ongoing strong operational performance across our portfolio. While Group production for the quarter decreased slightly due to the expected impacts of planned maintenance and natural field decline in Petroleum, guidance remains unchanged and we are on track to deliver slightly higher volumes than last financial year. The South Flank iron ore project is 50 per cent complete, with all our major projects on schedule and budget. We achieved further encouraging exploration results in Petroleum and at the Oak Dam copper prospect.”

Highlights

Group copper equivalent production decreased by 3% in the September 2019 quarter largely due to planned maintenance across a number of operations and natural field decline in Petroleum. Volumes for the 2020 financial year are expected to be slightly higher than last year.

All production and unit cost guidance (based on exchange rates of AUD/USD 0.70 and USD/CLP 683) remains unchanged for the 2020 financial year.

All major projects under development are tracking to plan, with the Ruby oil and gas development in Trinidad and Tobago approved during the September 2019 quarter.

In Petroleum, the Trion 3-DEL appraisal well in Mexico encountered oil in the reservoirs up dip from all previous well intersections. Phase 4 of our deepwater drilling campaign in Trinidad and Tobago was completed, evaluation and development planning studies of the discoveries are ongoing.

Further high-grade mineralised intercepts of copper, with associated gold, uranium and silver, were confirmed during the second phase of the drilling program at Oak Dam in South Australia. The next drilling phase is expected to commence in November 2019.

Operational performance

Production and guidance are summarised below.

Zie pdf voor cijfers.

Major development projects

During the September 2019 quarter, the BHP Board approved an investment of US$283 million (BHP share) for the development of the Ruby oil and gas project in Trinidad and Tobago.

At the end of the September 2019 quarter, BHP had six major projects under development in petroleum, copper, iron ore and potash, with a combined budget of US$11.4 billion over the life of the projects.

The Jansen Stage 1 potash project in Canada will be presented to the Board for final investment decision by February 2021. In order to make a final investment decision, work on engineering to support project planning and on finalising the port solution is required, and the Board has approved US$144 million for these activities. An additional US$201 million in funding was approved to further derisk the project, focussing on the mine’s scope of work, advancing other engineering and procurement activities, and preparation works for underground infrastructure. This will enable an efficient transition of the project team between the study and execution phase, should the project be approved. The release of funding to the project will be staged over this period.

Corporate update

As outlined in our 2019 financial year results announcement, we expect a US$3.8 billion increase in net debt over the 2020 financial year from the application of IFRS 16 ‘Leases’, new leases commencing in the year and a change in our definition of net debt to include fair value of derivatives related to net debt.

Susan Kilsby has been appointed as the Chairman of the Remuneration Committee and John Mogford has been appointed as the Chairman of the Sustainability Committee, both with effect from the conclusion of the BHP Group Limited Annual General Meeting on 7 November 2019. Susan has been a Non-executive Director of BHP since April 2019 and John has been a Non-executive Director of BHP since October 2017.

Source : Strategic Research Institute

Bijlage:

voda 18 oktober 2019 17:15

BHP Update on Exploration in Trinidad & Tobago

BHP said that it has made one discovery while encountering a dry hole in exploration activities offshore the Caribbean twin island nation of Trinidad and Tobago. The company drilled two additional exploration wells at its Northern licences as a part of Phase 4 of its deepwater drilling campaign. BHP said the Boom-1 well was spud on August 28 and encountered hydrocarbons. Evaluation and analysis are ongoing. The Carnival-1 well was spud on September 30 and reached total depth after the end of the September quarter. The well was a dry hole. It said “This completed the exploration program on our Trinidad and Tobago Northern licences. Evaluation and development planning studies of the discoveries in the North are ongoing. Following Carnival-1, the Deepwater Invictus rig will return to the US Gulf of Mexico to complete regulatory abandonment work on Shenzi appraisal and exploration boreholes.”

The company said all major projects under development are tracking to plan, with the Ruby oil and gas development in Trinidad and Tobago approved during the September 2019 quarter.

Source : Strategic Research Institute

voda 22 oktober 2019 19:25

BHP Q3 Nickel Production Update

Nickel West production increased by one per cent to 22 kilo tonne, reflecting higher volumes at the Kalgoorlie smelter following the fire in September 2018.

Major quadrennial maintenance shutdowns at the Kwinana refinery and the Kalgoorlie smelter are scheduled for the December 2019 quarter. Guidance for the 2020 financial year remains unchanged, with production expected to be broadly in line with the 2019 financial year.

Source : Strategic Research Institute

voda 22 oktober 2019 19:28

BHP Q3 Copper Production Update

BHPB announced that its total copper production increased by 5% to 430 kilo tonne. Guidance for the 2020 financial year remains unchanged at between 1,705 and 1,820 kilo tonne. Escondida copper production decreased by one per cent to 293 kilo tonne, with record concentrator throughput of 369 kilo tonne per day in the quarter offsetting expected grade decline. Ongoing improvements in maintenance implemented as part of our Transformation agenda contributed to the higher throughput, with the rate increasing to 377 kilo tonne per day in September 2019. Guidance for the 2020 financial year remains unchanged at between 1,160 and 1,230 kilo tonne, underpinned by an expected uplift in concentrator throughput performance versus the prior year, partly offset by an approximately five per cent reduction in copper grade of concentrator feed.

Pampa Norte copper production increased by 47% to 64 kilo tonne, reflecting the impact of a fire at the electro-winning plant at Spence in the September 2018 quarter. Guidance for the 2020 financial year remains unchanged at between 230 and 250 kilo tonne, including expected grade decline of approximately 10%.

Olympic Dam copper production increased by 5% to 35 kilo tonne as a result of the prior period acid plant outage, partially offset by the impact of planned preparatory work undertaken in the September 2019 quarter related to the replacement of the refinery crane. The preparatory work is the most significant part of the project, with the physical replacement and commissioning of the refinery crane scheduled for the March 2020 quarter. Underground operations, the mill and the smelter performed to plan, enabling the build of anode stocks for processing through the refinery in the subsequent three quarters. Guidance for the 2020 financial year remains unchanged at between 180 and 205 kilo tonne.

Antamina copper production increased by two per cent to 38 kilo tonne and zinc production decreased by 33% to 20 kilo tonne, reflecting higher copper head grades and lower zinc head grades. Guidance for the 2020 financial year remains unchanged at approximately 135 kilo tonne for copper and approximately 110 kilo tonne for zinc.

Source : Strategic Research Institute

voda 22 oktober 2019 20:12

BHP Targets 100% Renewable Energy at Escondida and Spence & Elimination of Water Usage from Aquifers in Chile

BHP announced four new renewable power agreements, to meet power demand for its Escondida and Spence copper operations in Chile. The new contracts will meet Escondida and Spence’s current energy needs and also contain flexibility to help manage future demand as well. BHP aims to supply Escondida and Spence’s energy requirements from 100% renewable energy sources from the mid-2020s.

Energy - The separate contracts agreed by Escondida and Spence are 15-year contracts for 3Terawatt hours per year (TWh/year) to ENEL Generación Chile and 10-year contracts for 3TWh/year to Colbún, following a competitive tender process. The ENEL contracts will begin in August 2021 and the Colbún contracts in January 2022. The contracts will effectively displace 3 million tonnes of CO2 per year from 2022 compared to the fossil fuel based contracts they are replacing – this is the equivalent to the annual emissions of around 700,000 combustion engine cars. The new renewable energy contracts will be value accretive even including a provision of approximately US$780 million related to the cancellation of the existing coal contracts which will be recognised in BHP’s December 2019 half year financial results.

Water - In Chile BHP has also been working for more than a decade on eliminating water draw down from aquifers for operational supply by 2030. At Spence, a desalination water plant with a capacity of 1000 litres per second (l/s), will support the Spence Growth Option. Due on line in 2020, the plant will enable the operations to use desalinated water as the main source of supply. At Escondida, a second desalination plant began operating in 2017 with a maximum capacity of 2,500 l/s. Additional upgrades plus the connection of the original desalination plant to this conveyance system will further increase total capacity.

Source : Strategic Research Institute

Bijlage:

voda 22 oktober 2019 20:18

BHP AGM Rejects Call to Quit Pro Coal Associations

Reuters reported that BHP shareholders are poised to reject a motion urging the world’s biggest listed miner to suspend membership of some industry bodies judged to be at odds with goals to tackle climate change. One of BHP’s biggest shareholders, Aberdeen Standard Investments, part of Standard Life Aberdeen, last week spoke out in favor of the resolution, saying lobby groups can be a major obstacle to positive change. But at the London annual general meeting, which represents 42% of shareholders, only 22.16% of votes supported the motion to suspend membership of trade associations that are not lobbying in line with the Paris Climate Agreement.

The ballot will be followed by another vote on Nov. 7, representing the remaining 58%, in Australia, where there is strong support for coal as a provider of jobs and wealth.

Ethical investors have called for the suspension, arguing BHP’s membership of some industry organizations funds pro-coal lobbying.

Source : Strategic Research Institute

voda 23 oktober 2019 20:50

Rio Tinto to Review Future of New Zealand's Aluminium Smelter

Rio Tinto will conduct a strategic review of its interest in New Zealand’s Aluminium Smelter at Tiwai Point, to determine the operation’s ongoing viability and competitive position. It said “Under current market conditions and with high energy costs, we expect the short to medium outlook for the aluminium industry to be challenging and this asset to continue to be unprofitable. Rio Tinto intends to hold discussions with the Government of New Zealand and energy providers to explore options and identify economically viable solutions to find a pathway to profitability for the asset.”

Rio Tinto Aluminium chief executive Alf Barrios said “The aluminium industry is currently facing significant headwinds with historically low prices due to an over-supplied market. This means that many aluminium providers are reviewing their positions. Rio Tinto will work with all stakeholders including the government, suppliers, communities and employees in order to find a solution that will ensure a profitable future for this plant.”

The strategic review will consider all options, including curtailment and closure and will be complete in the first quarter in 2020.

NZAS is a joint venture between Rio Tinto (79.36%) and Sumitomo Chemical Company Limited (20.64%) and employs around 1000 people.

Source : Strategic Research Institute

voda 23 oktober 2019 20:51

Anglo American Q3 2019 Production Report

Anglo American plc Production Report for the third quarter ended 30 September 2019. Mr Mark Cutifani, Chief Executive of Anglo American, said “Production is up 4% for the quarter, driven by the continued successful ramp-up at Minas-Rio and strong performance at Metallurgical Coal. De Beers production is lower, as expected, with Victor mine now at the end of its life and the transition of Venetia to underground. We remain broadly on track to deliver within our full year production targets, with an increase in production guidance at Minas-Rio. We expect to deliver to our production guidance for Copper and Thermal Coal, albeit at the lower end of their ranges; with Copper working to mitigate the effect of drought conditions in central Chile.”

Production summary

De Beers’ diamond production decreased by 14% to 7.4 million carats due to planned mine closures and the underground transition at Venetia, and as we continue to produce to weaker market demand due to macro-economic uncertainty as well as continued midstream weakness.

Copper production decreased by 8% to 158,900 tonnes due to unprecedented drought conditions impacting Los Bronces in Chile.

Platinum and palladium production were broadly unchanged at 526,800 ounces and 351,800 ounces respectively.

Kumba’s iron ore production was unchanged at 10.5 million tonnes as increased production at Sishen was offset by lower production at Kolomela due to a plant upgrade.

Minas-Rio’s strong operational performance continued as iron ore production reached 6.1 million tonnes.

Metallurgical coal production increased by 22% to 6.6 million tonnes due to improved wash plant throughput and equipment efficiency, as well as timing of longwall moves.

Source : Strategic Research Institute

voda 30 oktober 2019 19:32

Filtration Technology Commissioned at Rio Tinto’s Vaudreuil Alumina Refinery in Quebec

Rio Tinto has started the commissioning of industry-leading filter press technology at its Vaudreuil alumina refinery in Quebec, Canada, six weeks ahead of plan and under its CAD 250 million budget. The new filter presses will deliver environmental benefits by moving the refinery to dry stacking of bauxite residue and extend the life of the operation, which supports 1,000 jobs in the Saguenay-Lac-St-Jean region. The presses will ramp up to being fully operational in early 2020.

Four 85-ton presses have been installed at the refinery using the latest in filter press technology. Industrial filtration consists in applying a mechanical pressure to dry bauxite residue, making it easier to store. The new presses will dry residue in only 17 minutes, instead of the three years it takes currently.

New filter presses such as this one will enable Rio Tinto to dry bauxite residues in only 17 minutes instead of the three years it takes currently.

The project was launched in February 2018 and has generated $120 million in economic benefits for local businesses, which played an important role in the procurement, engineering and construction efforts. At its peak, 330 people worked on construction of the site. With 98% of the work completed, the project has shown a strong safety record with zero injuries occurring so far.

Source : Strategic Research Institute

voda 31 oktober 2019 08:33

Rio Tinto gaat minder investeren

FONDS KOERS VERSCHIL VERSCHIL % BEURS
Rio Tinto PLC
£ 40,695 0,00 0,00 % London Stock Exchange

(ABM FN-Dow Jones) Rio Tinto heeft de investeringsplannen voor dit jaar teruggeschroefd en verwacht een vrije kasstroom van 10 miljard dollar tegen de huidige grondstofprijzen. Dit maakte de Brits-Australische mijnbouwgroep donderdagochtend bekend in aanloop naar een beleggersdag in Londen.

Rio Tinto verwacht dat de jaarlijkse capex 500 miljoen dollar lager zal uitvallen dan de eerdere verwachting van 5,5 miljard dollar. Het bedrijf voorziet in 2020 nog eens 7 miljard dollar te investeren.

Rio Tinto verwacht dit jaar onverminderd 320 miljoen tot 330 miljoen ton ijzererts te leveren en voorziet dat de leveringen voor 2020 circa 5 procent hoger zullen liggen dan de verwachting voor 2019.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.

voda 1 november 2019 19:23

Australian Aluminium Assets Unsustainable – Rio Tinto

Rio Tinto has raised questions over the future of its Australian aluminium business as the current power situation is not sustainable as prices were too high. Head of aluminium Mr Alf Barrios said "The smelters do lag internationally competitive prices which undermines the viability of the asset. I'm not going to speculate on the outcome but clearly the current situation is not sustainable."

Bell Bay Aluminium is situated on the mouth of the Tamar River, approximately five kilometres from George Town and 45 kilometres from the city of Launceston. It was the first aluminium smelter built in the southern hemisphere, operating since 1955. The smelter produces around 180,000 tonnes of aluminium each year and operates 24 hours a day, 365 days per year. Its main metal products are ingot, rolling block and T-bar.

Boyne Smelters Limited is the second largest aluminium smelter in Australia. Located approximately 20 kilometres south of Gladstone at Boyne Island on the Central Queensland coast, it produces in excess of 570,000 tonnes of aluminium annually.

Tomago Aluminium is located some 13 kilometres north-west of Newcastle. The smelter produces approximately 550,000 tonnes of remelt ingot, T-ingot, extrusion billet and rolling slab per year. We own 51.55 per cent Tomago along with Gove Aluminium Finance Ltd (36.05 per cent) and Hydro Aluminium (12.40 per cent).

Yarwun alumina refinery is situated ten kilometres north-west of Gladstone in central Queensland. Construction began in 2002 and the first shipment of alumina was made in late 2004. The refinery was the first greenfield refinery to be built in the western world in 20 years.

Source : Strategic Research Institute

voda 4 november 2019 17:11

Rio Tinto Update on Oyu Tolgoi Copper Project

Rio Tinto provided an update on progress at Oyu Tolgoi, underlining that the world-class ore-body will become one of the world’s largest copper and gold mines. Construction of Shaft 2 is now complete and commissioning is in progress, which will facilitate a step-change in lateral development productivity, providing the ability to move more material, equipment and people between the surface and underground.

The underground development is large and complex, with over 200km of underground roads and infrastructure.
Work evaluating design options continues, including reviewing the location of access drives, the ore handling system and options for panel sequencing. Mine design will be completed in H1 2020.
The Definitive Estimate, which will include the final estimate of cost and schedule for the remaining underground project, is still expected to be delivered in the second half of 2020.

Source : Strategic Research Institute

voda 5 november 2019 20:13

Rio Tinto Exploration Canada Drill Results on Forum Energy Metal's Janice Lake Project in Saskatchewan

Forum Energy Metals Corp announced that it has received further positive assay results from three more holes on the Jansem target at the Janice Lake sedimentary-hosted copper project, drilled by Rio Tinto Exploration Canada. These holes have expanded copper mineralization along strike from 270 metres to 400 metres.

Highlights from the three holes are
JANL0003 - 0.16% over 6.7 metres from 36 to 42.7 metres depth
JANL0004 - 0.05% Cu over 6 metres from 23 to 29 metres depth
JANL0015 - 0.25% Cu over 60 metres from 12 to 72 metres depth

Hole JANL0003 was drilled to a depth of 264 metres and intersected 0.16% copper over 6.7 metres from 36 to 42.7m. The hole is located 250m WNW of FEM-01 and was designed to test the down-dip extension of the mineralization intersected in FEM-01 and 03. After 10m of overburden, the hole intersected a mixture of meta-sediments that was weakly mineralized from 34 to 42m, then intersected the Janice Lake Formation conglomerate much higher than expected at 77m. This suggests the strata has flattened at this point.

Hole JANL0004 was drilled to a depth of 180 metres and intersected 6m of 0.05% Cu. It is located 300m NNE of FEM-01 and tested a magnetic high but intersected mainly pegmatite from surface to 66m, with a band of meta-sediments from 21 to 48m with weak mineralization occurring from 23 to 29m. The Janice Lake Formation conglomerate started at 66m and continued to the end of the hole. This suggests that the strata is flattening to the northwest.

Hole JANL0015 was drilled to a depth of 180 metres. Holes 14 and 15 were drilled from the same set-up at surface, but were drilled at -81 and -57 respectively. They are located approximately 150m west of JANL0002, along strike and slightly down-dip of the mineralization in FEM-01 and JANL0002. Copper mineralization started near surface in hole JANL0015 at 12 metres and continued to 72 metres, intersecting 60m of copper grading 0.25%. Including results announced in holes JANL0001 and JANL0002, the mineralized zone at Jansem is now present in several stratigraphic layers for a minimum of 400m in strike length, 130m in width, and with an estimated true thickness varying from several metres to more than 55m. Drill holes were orientated to crosscut the stratigraphy as close as possible at right angles, as the copper is interpreted to be mostly strata-bound.

Source : Strategic Research Institute

Bijlage:

voda 6 november 2019 18:11

Vale to Resume Operations at 8 million tonne per year Alegria Iron ore Mine

Vale informed that it has received the necessary authorization from the National Mining Agency to resume the operations of the Alegria Mine, reverting the suspension decision of the operation that has been halted since March 2019. This authorization allows the restart of approximately 8 million tonne per year of the 50 million tonne per year of previously halted production and enables the partial resumption of dry processing at the Alegria Mine, while approximately 42 million tonne per year of iron ore production capacity remains suspended. With the goal to safely return to operations, Vale expects that the increase in production will be up to 1 million tonne in 2019, not impacting expected sales volume this year. For the following years production will gradually return, observing additionally the margin over volume strategy.

Vale reaffirmed its iron ore and pellet sales guidance of 307-332 million tonnes for 2019 and expects sales to be between the lower and the midpoint of the range.

Source : Strategic Research Institute

Bijlage:

voda 14 november 2019 06:11

Nieuwe CEO voor BHP

(ABM FN-Dow Jones) BHP krijgt vanaf 1 januari 2020 een nieuwe topman. Dit meldde de mijnbouwer woensdagavond.

Andrew Mackenzie gaat op 31 december aanstaande met pensioen en wordt opgevolgd door Mike Henry.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.

voda 26 november 2019 15:07

BHP Increases Stake in SolGold

BHP has entered into a new share subscription agreement with SolGold Plc under which BHP will subscribe for 77 million new SolGold shares for an aggregate subscription price of GBP 17.055 million. BHP has agreed to pay 22.15 pence per SolGold share, which represents a 9.3 per cent premium to the 20 day volume-weighted average London Stock Exchange price of 20.26 pence per share as determined as at last close on 22 November 2019. Under the terms of the new share subscription agreement, BHP will also receive options over 19.25 million SolGold shares which are exercisable until 25 November 2024 at a price of 37 pence per share. Following completion of the private placement, BHP’s interest in SolGold would increase from 11.1 per cent to 14.7 per cent.

SolGold is the majority owner and operator of the Cascabel porphyry copper-gold project in Ecuador.

Source : Strategic Research Institute

voda 29 november 2019 19:12

Woodside and BHP Agree Tolling Price for Scarborough Gas

Woodside and BHP have agreed the tolling price for processing gas from the Scarborough offshore field at the Pluto LNG facility on Western Australia's Burrup Peninsula. The tolling price is valid to 31 March 2020. The agreed tolling price is complemented by a comprehensive, non-binding heads of agreement on other tolling terms. The toll is based on BHP maintaining no more than a 25% interest in Scarborough WA-1-R up to final investment decision, subject to BHP's standard pre-emption rights.

Scarborough gas would initially be processed on a deep-water floating production unit and transported through an approximately 430 km pipeline to be processed at the Pluto LNG facility. First LNG from the proposed development is targeted in 2024.

Source : Strategic Research Institute

Bijlage:

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EUR/USD	1,0655	+0,0012	+0,11%	19 apr
BTC/USD	64.387,73	+799,96	+1,26%	19 apr
Gold spot	2.392,50	0,00	0,00%	19 apr