Van AalstGeneva DryTMS Awards 2023Bühler GmbHTBA GroupTelestack
  • TBA Group
  • Cimbria
  • Port of Stockton
  • Port of South Louisiana
  • TMS Awards 2023
  • Vigan

BHP half-year results highlight growth

BHP half-year results highlight growth

(Posted on 28/08/19)

Higher prices and record production from several of BHP operations contributed to strong operating cash flows during the first half of 2019.

The company has used that cash to invest in attractive growth projects across the business and return a record amount to our shareholders.

BHP Chief Executive Officer, Andrew Mackenzie said last week,

“Today we announced a record final dividend of 78 US cents per share, or US$3.9 billion. This is on top of a record

US$17 billion already returned to shareholders in the 2019 financial year.

Our performance over the past five years has delivered an increase in volumes of 10 per cent and a reduction in unit

costs of more than 20 per cent across our major assets. Over the 2019 financial year, underlying improvements in

our operational performance were offset by the impacts of weather, resource headwinds and unplanned outages in

the first half of the year. At Western Australia Iron Ore, unit costs on a C1 basis were below US$13 per tonne for the

2019 financial year.

Higher prices and record production from several of our operations contributed to strong operating cash flows. We

used that cash to invest in attractive growth projects, advance our exploration programs and increase returns to

shareholders. We now have six major projects under development in petroleum, copper, iron ore and potash,

following the approval of the Ruby oil and gas development this month. All of them are on schedule and budget.

This disciplined approach sets us up to deliver strong returns over the long term. Our transformation programs have

the potential to unlock significant value through more productive and stable operations, as we embrace new ways of

working and harness new technology.

We enter the 2020 financial year with positive momentum and a strong outlook for both volume and cost.”

Latest News

ADM and Bayer collaboration help farmers achieve lower carbon emissions

(Posted on 19/06/24)

 ADM and Bayer have announced an extension of their collaboration, working with farmers in a bid... Read more


US House appropriations bill includes reinstatement of NASS reports

(Posted on 14/06/24)

A House appropriations subcommittee in the USA has approved its Fiscal Year 2025 bill that includes... Read more


Rio Tinto to acquire Mitsubishi’s stake in Boyne aluminium smelter

(Posted on 14/06/24)

Rio Tinto has agreed to acquire Mitsubishi Corporation’s 11.65% interest in Boyne Smelters Ltd... Read more


Richards Bay Minerals’ renewable energy agreement

(Posted on 07/06/24)

Richards Bay Minerals (RBM) has signed a renewable power purchase agreement (PPA) with Khangela Emoyeni... Read more


Trafigura half year result show core business strength

(Posted on 07/06/24)

Trafigura Group Pte Ltd, a market leader in the global commodities industry, has released its 2024 Half... Read more


New Zealand aluminium smelter’s future secured with power deals

(Posted on 01/06/24)

New Zealand Aluminium Smelters (NZAS) has signed 20-year electricity arrangements that secure the future... Read more


NGFA statement on farm bill advanced by House Ag Committee

(Posted on 31/05/24)

The House Agriculture Committee in the USA have advanced a farm bill that includes several important... Read more


Rio Tinto and BHP collaborate on electric trucks in the Pilbara

(Posted on 28/05/24)

In an industry first, Rio Tinto and BHP will collaborate on the testing of large battery-electric haul... Read more


KEZAD signs lease agreement with Ducab Metals Business

(Posted on 28/05/24)

KEZAD Group, the largest operator of integrated and purpose-built economic zones, and Ducab Metals Business... Read more


Anglo American simplifies portfolio of copper, premium iron ore and crop nutrients assets

(Posted on 22/05/24)

Anglo American plc is setting out a clear, compelling and decisive plan to unlock significant value... Read more


Sailors SocietyCimbriaPort of StocktonPort of South LouisianaVigan
  • Geneva Dry
  • Bühler GmbH
  • Van Aalst
  • Telestack

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping