1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. BHP Group Limited
  6. News
  7. Summary
    BHP   AU000000BHP4

BHP GROUP LIMITED

(BHP)
  Report
Delayed Australian Stock Exchange  -  05/25 02:10:52 am EDT
43.02 AUD   -10.00%
11:12aForaco International Shares Jump 15% on Getting Contract from BHP in Australia
MT
10:31aForaco International Shares Jump After $60 Million Contract in Australia
DJ
12:17aWoodside expects LNG prices to remain high for next few years
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BHP to Invest Up to $90 Million in Kabanga Nickel

01/10/2022 | 03:59am EDT

By Rhiannon Hoyle

BHP Group Ltd. will invest up to $90 million in Kabanga Nickel Ltd., which owns a nickel project in Tanzania, as the world's largest mining company by market value seeks to boost its exposure to metals needed for a low-carbon economy.

BHP has agreed to initially invest $40 million to accelerate the Kabanga Nickel project, for an 8.9% equity stake, and may commit a further $50 million if definitive documentation can be agreed and certain conditions are met, Kabanga Nickel said. BHP will also put $10 million into Lifezone Ltd., the owner of hydrometallurgical technology that will be used to build and operate a refinery in Tanzania.

Kabanga Nickel wants to produce battery-grade nickel as well as cobalt and copper at the project in northwest Tanzania that was formerly owned by Barrick Gold Corp. and Glencore PLC. BHP has the right to make further investments subject to achieving certain agreed milestones, it said.

"This investment secures access to a world class nickel sulphide resource and is aligned with BHP's strategy to capture opportunities in future-facing commodities," BHP said in an emailed statement.

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

(END) Dow Jones Newswires

01-10-22 0359ET

Stocks mentioned in the article
ChangeLast1st jan.
BARRICK GOLD CORPORATION -0.40% 27.19 Delayed Quote.10.81%
BHP GROUP LIMITED -10.00% 43.02 Delayed Quote.15.18%
GLENCORE PLC 0.27% 520.8 Delayed Quote.38.53%
WTI 0.33% 110.82 Delayed Quote.45.58%
All news about BHP GROUP LIMITED
11:12aForaco International Shares Jump 15% on Getting Contract from BHP in Australia
MT
10:31aForaco International Shares Jump After $60 Million Contract in Australia
DJ
12:17aWoodside expects LNG prices to remain high for next few years
RE
05/24Banks, miners lift Australian shares to near 3-week high
RE
05/24Filo Mining Jumps Near 12% as Reports Best Hole Drilled To Date At Filo Del Sol Project..
MT
05/23Australian shares subdued as tech, healthcare offset mining gains
RE
05/23Dividend payouts hit first quarter record, but outlook rocky
RE
05/23India's top mining, steel groups warn of adverse impact from export duty hikes
RE
05/23Australian shares end slightly higher in choppy trade, miners jump
RE
05/22Miners lift Australian shares; new Labor PM Albanese sworn in
RE
More news
Analyst Recommendations on BHP GROUP LIMITED
More recommendations
Financials (USD)
Sales 2022 66 637 M - -
Net income 2022 21 903 M - -
Net Debt 2022 4 223 M - -
P/E ratio 2022 6,93x
Yield 2022 11,1%
Capitalization 154 B 154 B -
EV / Sales 2022 2,38x
EV / Sales 2023 2,54x
Nbr of Employees 40 110
Free-Float 68,3%
Chart BHP GROUP LIMITED
Duration : Period :
BHP Group Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BHP GROUP LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 30,44 $
Average target price 35,96 $
Spread / Average Target 18,1%
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
Sector and Competitors
1st jan.Capi. (M$)
BHP GROUP LIMITED15.18%171 019
RIO TINTO PLC13.27%115 562
GLENCORE PLC38.53%84 873
ANGLO AMERICAN PLC20.18%55 094
SAUDI ARABIAN MINING COMPANY (MA'ADEN)51.85%38 516
GRUPO MÉXICO, S.A.B. DE C.V.9.78%38 366