TBA GroupCimbriaPort of StocktonPort of South LouisianaVan AalstGeneva Dry
  • Bühler GmbH
  • Van Aalst
  • Geneva Dry
  • Telestack
  • Cimbria
  • TBA Group

BHP half year results released

(Posted on 22/02/24)

Mike Henry, Chief Executive Officer, reviewed the Company's operating and financial performance:

“We are saddened by the loss of one of our sub-contractors who was fatally injured at BMA’s Saraji mine in January. An investigation is underway into the circumstances of this tragic incident and we are resolute in our commitment to prevent fatalities and serious injuries in our workplace.

We announced underlying attributable profit of US$6.6 billion for the half year. We also announced an interim dividend of 72 US cents per share – a total of US$3.6 billion, equating to a payout ratio of 56%.

The period also had its challenges, with adjustments relating to Nickel West, West Musgrave and Samarco offsetting an otherwise solid operational performance and overall healthy commodity prices.

At our Western Australia Iron Ore operations, we remain the lowest cost major producer globally and in copper we set new production records at our operations in South Australia and Chile. In South Australia, our consolidated copper province has performed strongly and we are pursuing future growth options. In Canada, we’ve sanctioned Jansen Stage 2, which will almost double our planned potash production capacity.

We’ve seen volatility in global commodity prices and demand in the developed world has been softer than expected. That said, China demand is healthy despite weakness in housing and India remains a bright spot. In Australia, the mining industry is facing near-term headwinds in developing resources and it’s essential that the right industrial relations and fiscal settings are in place to support the sector’s ability to compete and win in global markets.

Long term, the mega-trends playing out in the world around us continue to underline our confidence in future demand for steel, non-ferrous metals and fertilisers.”

Latest News

American Feed Industry commends vital supply chain legislation

(Posted on 23/04/24)

The American Feed Industry Association (AFIA) has commended Representatives Ashley Hinson, R-Iowa-02... Read more


NGFA says NASS reports are critical to agribusiness operations

(Posted on 23/04/24)

In a letter to U.S. Agriculture Secretary Tom Vilsack, the National Grain and Feed Association (NGFA... Read more


Bauxite and aluminium businesses deliver stable Rio Tinto results

(Posted on 18/04/24)

Bauxite production of 13.4 million tonnes was 11% higher than the first quarter of 2023 for Rio Tinto... Read more


Rio Tinto spends more than A$16.1 billion with Australian suppliers

(Posted on 15/04/24)

Rio Tinto increased its spend with suppliers and local businesses in Australia to more than A$16.1 billion... Read more


Cargill increases its renewable energy capacity by more than 40%

(Posted on 15/04/24)

Cargill has reported increasing its contracted renewable energy capacity by 42% after signing five new... Read more


Agreement to set up KEZAD steel recycling and production facility

(Posted on 29/03/24)

The UAE’s largest operator of integrated and purpose-built economic zones, Khalifa Economic Zones... Read more


Senate legislation includes phosphate and potash as critical minerals

(Posted on 25/03/24)

The Fertilizer Institute (TFI) has praised the U.S. Senate for introducing bipartisan legislation to... Read more


Agribusiness expert’s legacy and optimism for GrainCorp’s future

(Posted on 18/03/24)

Farmer, Company Director and long-standing member of the GrainCorp Board of Directors, Dan Mangelsdorf... Read more


Research offers Rotterdam guidelines for raw material transition

(Posted on 15/03/24)

Different product processes, non-fossil raw materials and rare materials are crucial for a CO2-neutral... Read more


Bunge Chevron Ag Renewables to build Louisiana processing plant

(Posted on 10/03/24)

Bunge and Chevron have announced approval of a final investment decision for their joint venture Bunge... Read more


ViganBühler GmbHSailors SocietyTMS Awards 2023Telestack
  • Port of South Louisiana
  • Port of Stockton

Subscribe to our newsletter

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