Analysts reckon that if a recession were to hit and dampen demand for commodities and listed miners’ valuations - BHP’s the one that could use its huge firepower to pounce. The company isn’t facing any existential threats, but there’s only so far that any dividends, buybacks or organic growth can go.The question, for BHP’s camp, is two-pronged: which commodities does it most want in its empire, and does it want that exposure to be a large producer or a punt on early-stage explorers.
But it also sat out on nickel producer Western Areas, despite its Nickel West operations which take ore from Western Areas and others in the region. While BHP used to think lithium was a pond too small for big fish, the market has grown substantially. Closer to home, one name that crops up is copper miner OZ Minerals. The Oz bulls reckon it could stack up as an MA target at lower copper prices, and fit well with Olympic Dam. But others think BHP’s likely to look overseas for copper, given the dearth of big deposit discoveries in Australia and BHP’s preference for long mine lives.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia upends the M&A status quoOPINION: An extraordinary $140 billion of deal-making in the first six months of 2022 has been accompanied by big shifts in the top M&A advisers, and Australia stands out from virtually every other major investment banking market.
Source: FinancialReview - 🏆 2. / 90 Read more »
Liberal senator raising funds on issue of trans women in female sports after bill shelvedClaire Chandler asks supporters to donate to $45,000 ‘action fund’ to raise awareness around the issue LNP - always on a culture war grift. JoshButler I guess we'll see the follow up article any day now on how the TQ+ lobby is funded and particularly how ACONhealth influences media, just like Stonewall?
Source: GuardianAus - 🏆 1. / 98 Read more »
Record rain cuts the NSW crop in half just as farmers were about to cash inFarmers in the state's central west have been unable to sow seeds, with record rainfall bogging machinery and drowning crops. Second par needs editing Best we ban exports then to ensure low priced domestic supply This has also happened to farmers in Queensland . NSW isn't the only state in Australia
Source: abcnews - 🏆 5. / 83 Read more »
‘An absolute circus’: Cash accuses Kyrgios of abuse and poor gamesmanshipNick Kyrgios and Stefanos Tsitsipas have both been fined for their behaviour in a controversial third round clash at Wimbledon.
Source: brisbanetimes - 🏆 13. / 67 Read more »
Pat Cash slams Nick Kyrgios for 'cheating, manipulation, abuse'Pat Cash has launched a blistering attack on Nick Kyrgios's behaviour at Wimbledon, saying his fellow Australian is 'out of control'. 1987 called. It wants Pat back The same Pat Cash celebrating Ivermectin taking it for 15 months? Who cares what Cash thinks
Source: abcnews - 🏆 5. / 83 Read more »
Risk of deadly gas blasts rising as cash-strapped UK homeowners skip checksGas Safe Register finds almost one in three not booking annual gas safety checks due to cost of living crisis
Source: GuardianAus - 🏆 1. / 98 Read more »