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    BHP   AU000000BHP4

BHP GROUP

(BHP)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 12/01
39.9 AUD   +1.35%
03:55aBHP To Unify Corporate Structure Under Australian Parent Company
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03:41aBHP : to proceed with Unification proposal - exchange release
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03:41aBHP : to proceed with Unification proposal - presentation
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BHP studies the potential for using nickel mine waste to capture carbon

10/21/2021 | 05:25am EST

MELBOURNE, Oct 21 (Reuters) - BHP Group is looking at the potential to use the waste from its Australian nickel mining operations to capture and store carbon and will conduct field trials this financial year.

It is also harnessing new technologies to look deeper underground for minerals critical to the energy transition like nickel and copper, Chief Technical Officer Laura Tyler will say at a trade conference in London, according to prepared remarks.

BHP mines the metal at its Nickel West operations in Western Australia. It also processes nickel into high quality powder, 85% of which goes to the battery industry. This year it signed a deal to supply nickel - a key ingredient in electric vehicle batteries - to Tesla Inc.

Waste from Nickel West operations is high in magnesium oxide, which can pull carbon out of the air to create magnesium carbonate, a stable compound in the form of a salt, according to Tyler.

"That material can then be left safely in situ, or used in building materials like carbon neutral cement or plasterboard," her prepared remarks said.

BHP’s trials will be conducted at its Mt Keith tailings dam in Western Australia.

At five kilometres wide, the dam can already store some 40,000 tonnes of carbon dioxide from the atmosphere each year, enough to offset around 15,000 average-sized combustion engine cars. Researchers believe it could store far more CO2 every year if the mineral carbonation rate could be enhanced through different processes and engineering solutions.

The miner is also using real-time sensors, multi-physics arrays and data analytics to speed up decision-making, cut logistics requirements and increase the potential for discoveries.

BHP on Wednesday topped a takeover offer for Noront Resources Ltd from Australian billionaire Andrew Forrest's Wyloo Metals, as the two groups vie for greater access to the high-grade nickel deposit.

(Reporting by Melanie Burton; Editing by Edwina Gibbs)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP 1.35% 39.9 End-of-day quote.-5.96%
NORONT RESOURCES LTD. 0.00% 0.75 Delayed Quote.305.41%
TESLA, INC. -4.35% 1095 Delayed Quote.55.17%
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Analyst Recommendations on BHP GROUP
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Financials (USD)
Sales 2022 62 165 M - -
Net income 2022 18 676 M - -
Net Debt 2022 7 317 M - -
P/E ratio 2022 7,21x
Yield 2022 10,4%
Capitalization 142 B 142 B -
EV / Sales 2022 2,40x
EV / Sales 2023 2,71x
Nbr of Employees 40 110
Free-Float 57,5%
Chart BHP GROUP
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Technical analysis trends BHP GROUP
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 14
Last Close Price 28,36 $
Average target price 32,93 $
Spread / Average Target 16,1%
EPS Revisions
Managers and Directors
Mike Henry CEO, Non-Independent Executive Director
David Mark Lamont Chief Financial Officer
John Kenneth Norman MacKenzie Chairman
Laura Tyler Chief Technical Officer
Malcolm William Broomhead Independent Non-Executive Director
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