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BHP, BHP BILLITON LIMITED
blacksheep
post Posted: Dec 6 2018, 10:41 AM
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BHP gets green light to develop nickel mine in Western Australia

QUOTE
MELBOURNE, Dec 5 (Reuters) - BHP on Wednesday said it had received approval from the government of Western Australian to develop a nickel mine in the state that will feed its Nickel West battery chemicals business.

The Venus deposit is one of the most significant development options for Nickel West as the miner gears up to produce nickel sulphate next year to feed the burgeoning industry for electric vehicle batteries.

The global miner has been ploughing investment into nickel mine development and exploration in the state to secure its own supply of the material. [nL4N1UX3BI]

"This completes all necessary approvals required for the Venus deposit, and our team ... has started developing access drives to the site," a BHP spokesman said in an emailed statement.
"Continued drilling over the coming months will better define the resource. We expect first stoping production early next year."

Stoping is the process of opening underground areas for mining by excavating ore.

The miner's Perth nickel sulphate plant is expected to come online from April 2019, with capacity to produce 100,000 tonnes of nickel sulphate, accounting for some 22,000 tonnes of nickel. BHP is making plans to double capacity with a potential second-stage expansion.

Nickel is in increasingly hot demand in new battery technologies that mean cars can travel further on a single charge. Using more nickel also cuts costs by reducing the amount of expensive cobalt, a mainstay of current battery technology.

Brazilian miner Vale SA , the world's top nickel producer on Tuesday said it planned to invest $500 million in its struggling New Caledonia nickel mine given the importance of an expected surge in electric vehicle sales. [nL1N1Y9150]




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 6 2018, 10:39 AM
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What does China's Belt and Road Initiative mean for copper?
BHP's presentation - China’s Belt and Road Initiative, episode three: copper bottomed
https://www.bhp.com/media-and-insights/pros...copper-bottomed?



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 28 2018, 11:49 AM
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In Reply To: blacksheep's post @ Nov 28 2018, 09:50 AM

BHP unveils world-class copper find near Olympic Dam in South Australia

QUOTE
BHP, (ASX, LON, NYSE: BHP) the world's number one miner, today made an exceptionally rare public disclosure of drilling results from a very early-stage exploration program in South Australia, which is already being called by some experts “the thickest high-grade copper intersection seen in years.”

The mining giant identified an iron oxide, copper, gold (IOCG) mineralized system located 65 km southeast of Australia’s largest reserve of copper and uranium ore, its Olympic Dam operations.

As part of the company’s ongoing copper exploration program, four diamond drill holes, totalling 5,346 m, intersected graded 3.04% copper, 0.59 grams per tonne gold, 346 parts per million uranium and 6.03g/t silver.

Within the 425.7 metre-intersection BHP detected a higher-grade 180m interval comprising 6.07% copper, 0.92g/t gold and 401ppm and 12.77g/t silver.

Other significant results were 406m at 0.66% copper, 0.35g/t gold, 266ppm uranium and 2.09g/t silver, and 124.5m at 0.52% copper, 0.48g/t gold, 85ppm uranium and 3.37g/t silver.

http://www.mining.com/bhp-unveils-world-cl...outh-australia/

Elsewhere it's been commented on the reason for BHP's early market announcement - "This discovery is so good it could be material to the share price of the world's largest miner"



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 28 2018, 09:50 AM
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In Reply To: nipper's post @ Nov 28 2018, 08:22 AM

Yes - BHP, and RIO for that matter, are not known for keeping the market informed on these types of issues - RIO is keeping "mum" on their rumoured find in WA leaving others to speculate. However, the size/grade of BHP's find appears significant - as mentioned in the article below,

QUOTE
Commenting on BHP’s find, Argonaut chief executive officer Lindsay Owler said it was a “spectacular discovery” and could possibly rival BHP’s own Olympic Dam mine if the size and processing economics were right.

He said the 180m at 6% copper was one of the “longest highest-grade hits” the copper industry has seen in a long time.

“The hole ended in mineralisation so who knows how long that total intercept of 425.7m could actually turn out to be.”

IOCG’s geophysical signatures

Mr Owler is particularly interested in the geophysical signature of BHP’s discovery, which he said has similarities to Argonaut’s own anomalies within its Torrens copper project about 40km away.

“With these South Australian-style iron-oxide, copper, gold (IOCG) orebodies, they all start off having the iron component being magnetite, which has a strong magnetic signal and is also dense,” he explained.

“Then, in the alteration process, which brings in the copper mineralisation that magnetitic iron is converted to haematitic iron and the copper comes in.”

“Hematite is an iron mineral that’s entirely nonmagnetic, but it’s still dense. So, in searching for IOCGs, you are looking for areas that were previously magnetic and have been converted into density-only or gravity-only anomalies,” Mr Owler noted.

He added they were often in proximity to magnetitic bodies.

Mr Owler pointed out that Argonaut’s Murdie and West Lake Torrens prospects, within the Torrens project, were of particular interest because they possess the “exactly the same flavour” in geophysical signatures as BHP’s discovery.


Here's a list of nearology plays in both SA & WA - however nearology doesn't always pan out

BHP pulls ahead of rival Rio Tinto with a major copper find near Olympic Dam
By Lorna Nicholas - November 27, 2018
https://smallcaps.com.au/bhp-rio-tinto-majo...ar-olympic-dam/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Nov 28 2018, 08:22 AM
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In Reply To: blacksheep's post @ Nov 27 2018, 06:47 PM

It's interesting how this is being reported/ that it is being reported so early
QUOTE
,,,, it has caused buzz enough around BHP Group for the global miner to make an exceptionally rare public disclosure of drilling results from a very early-stage exploration effort.

This is a rare piece of stock exchange disclosure for BHP. Like other majors it generally enjoys the protection that massive size gives from the need to disclose exploration results.....

QUOTE
It has to be noted that those interceptions were deep and that one good drill hole doesn't make a mine.

Mind you, that is why the lesser results from the fourth drill hole, AD-25, are so very encouraging. To get a wee bit technical for a moment, the host rocks of the Stuart Shelf copper zones are made of an iron ore material. The process that generated concentrations of copper and other minerals is the super heating of the host rock. It seems to push minerals out in a sort of donut shape around a central core where, over eons, they can concentrate....
https://www.afr.com/business/mining/copper/...20181127-h18f11



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Nov 27 2018, 06:47 PM
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In Reply To: blacksheep's post @ Nov 27 2018, 06:17 PM

EL5941 has several parts, but the project area on which the drilling results is based is shown on page 4. This area is adjoining OZL's EL 5797 and 5729.

Another company operating nearby is Red Tiger Resources Limited, a wholly owned subsidiary of White Tiger Resources Limited - who seem not to be ASX listed - they are owners of EL 5372 which runs along the bottom and western side of BHP's. Earlier this month Red Tiger announced a jv farm in agreement with BHP to explore this tenement - Intercept Hill. http://www.whitetigerresources.com.au/index.php/easyblog

https://www.asx.com.au/asxpdf/20181127/pdf/...nhy97knh83z.pdf



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Nov 27 2018, 06:17 PM
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Creating a bit of a buzz today. Not to be outdone by RIO's recent "potential" find in WA wink.gif
BHP copper exploration program update
QUOTE
BHP today confirmed identification of a potential new iron oxide, copper, gold (IOCG)
mineralised system, located 65 kilometres to the south east of BHP’s operations at
Olympic Dam in South Australia.

As part of BHP’s ongoing copper exploration program, four diamond drill holes,
totalling 5346 metres, intersected copper, gold, uranium and silver mineralisation of
IOCG style on BHP’s exploration licence 5941.


Laboratory assay results show downhole mineralisation intercepts ranging from 0.5
per cent to six per cent copper with associated gold, uranium and silver metals. The
results are shown in the table below.

This exploration project is at an early stage and there is currently insufficient
geological information to assess the size, quality and continuity of the mineralised
intersections. BHP is evaluating and interpreting the results reported and planning a
further drilling program, to commence in early 2019
.

Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Nov 20 2018, 07:48 AM
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In Reply To: blacksheep's post @ Nov 19 2018, 06:20 PM

QUOTE
BHP ....vowed to fight the issue in court, arguing that the marketing fees charged by its Singapore hub were in line with OECD standards and market rates.
- the old slippery slope of relativity (like executive pay scales)

- and said it would change the structure
QUOTE
BHP said the Australian half of its dual-listed company structure would increase its ownership of the Singapore hub from 58 per cent to 100 per cent. The changed ownership structure should remove one key aspect of the ATO dispute, by ensuring that Australian tax is payable on 100 per cent of profits earned in Singapore in relation to the mines that are both located in Australia and owned by the Australian half of BHP.

Despite the change in ownership, BHP signalled it would continue to invest in its Singapore hub, which has grown rapidly in recent years, often at the expense of the company's global headquarters in Melbourne.
QUOTE
"BHP's marketing operations will continue to be located in Singapore and remain an important part of BHP's value chain. These marketing operations contribute to BHP's ability to compete in the global market place and to the value of Australia's natural resources," the company said.

.... & less and less reason to have dual listing?



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Nov 19 2018, 06:20 PM
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BHP must be happy with this. Might send a message to other ASX stocks operating a similar model?
BHP to pay $529m to settle tax bill battle
QUOTE
Mining giant BHP has settled its long-running $1 billion-plus tax battle with the Australian Tax Office.

The dispute centres on the amount of tax payable from the sale of BHP’s commodities to the company’s marketing business in Singapore. BHP was hit with revised tax bills of $661 million which amounted to more than $1 billion, including interest and penalties, for the years 2003 to 2013.

https://www.theage.com.au/business/companie...119-p50h05.html



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 7 2018, 11:26 AM
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In Reply To: blacksheep's post @ Nov 6 2018, 06:41 PM

extract from The West - BHP train derailment: Incredible pictures of wreckage after BHP forced to derail runaway iron ore train in the Pilbara
QUOTE
BHP’s forced de-railing of a runaway, fully-laden iron ore train could end up costing the mining giant hundreds of millions of dollars in lost production revenue, repairs and replacements.

An industry source, who worked as a senior executive connected to the Pilbara iron ore sector for several years, predicted the company could lose 3-8 million tonnes of production depending upon how long its rail operations were offline.

BHP remained tight-lipped as to how the train was able to career driverless for 50 minutes early on Monday morning, travelling over 92km at average speeds of 110km/h before it was deliberately derailed about 120km south of Port Hedland.

SEE THE AERIAL FOOTAGE IN THE VIDEO ABOVE

Photographs and footage from the crash scene reveal a long trail of twisted wreckage with concertinaed carriages partially buried in the loads of ore they were carrying.

BHP said 1.5km of track had been destroyed in the derailment and it would draw on stockpiles of ore at Port Hedland to maintain shipping rates while its rail activities were suspended.

The company estimated it would take a week to clear the track and resume rail operations.

The interruption will be particularly costly if the company’s port stockpiles run out before it can resume railing ore from its Pilbara mines to Port Hedland.

BHP could lose as much as $55 million in revenue for every day it could not ship ore to its Asian customers.

read more - https://thewest.com.au/business/mining/bhp-...-ng-b881014173z



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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