BHP Billiton plc Stock News

BHP Group (LON:BHP)‘s stock had its “hold” rating reiterated by analysts at Berenberg Bank in a research report issued on Tuesday, Price Targets.com reports. They presently have a GBX 2,200 ($29.07) price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 0.71% from the company’s previous close. A number of other […]

Gold and financial stocks helped Australian shares close higher on Thursday, as investor sentiment improved after two research studies showed Omicron was less lethal compared with the Delta coronavirus variant. The S&P/ASX 200 index rose 0.3% to 7,387.6 points, closing in the green for a third consecutive day. The benchmark had gained 0.1% on Wednesday. While Australia reported more than 8,200 new cases, two separate studies in South Africa and London suggested the risk of hospitalisation from the Omicron variant was less severe compared with the Delta variant. The heavyweight financial index rose 0.6%, with the country''s "Big Four" banks ending up between 0.3% and 0.6%. Healthcare, mining stocks help Australian shares notch best day in 2 weeks Gold miners rose 1.3% as the yellow metal was poised for a second straight weekly gain. Dacian Gold Ltd and Tietto Minerals Ltd jumped 8.6% and 7.2%, respectively. Miners, which comprise a third of the benchmark, ended 0.3% higher as metal prices strengthened on supply concerns.

For sustainable economic growth, resources essential for green initiatives like electric transport must be mined responsibly, says BHP.

TORONTO and PERTH, Australia, Dec. 22, 2021 (GLOBE NEWSWIRE) -- Noront Resources Ltd. ("Noront " or the "Company") (TSXV: NOT) and Wyloo Metals Pty Ltd ("Wyloo Metals") are pleased to announce that they have entered into a binding arrangement agreement (the "Arrangement Agreement"), pursuant to which Wyloo Metals has agreed to acquire up to all of the outstanding common shares of the Company (each, a "Common Share") that it does not already own, directly or indirectly, for cash consideration of C$1.10 per Common Share by way of a statutory plan of arrangement under the Business Corporation Act (Ontario) (the "Arrangement"). This announcement follows the waiver by BHP Western Mining Resources International Pty Ltd ("BHP") of its right to match, as described below.

TORONTO and PERTH, Australia, Dec. 22, 2021 (GLOBE NEWSWIRE) -- Noront Resources Ltd. ("Noront " or the "Company") (TSXV: NOT) and Wyloo Metals Pty Ltd ("Wyloo Metals") are pleased to announce that they have entered into a binding arrangement agreement (the "Arrangement Agreement"), pursuant to which Wyloo Metals has agreed to acquire up to all of the outstanding common shares of the Company (each, a "Common Share") that it does not already own, directly or indirectly, for cash consideration of C$1.10 per Common Share by way of a statutory plan of arrangement under the Business Corporation Act (Ontario) (the "Arrangement"). This announcement follows the waiver by BHP Western Mining Resources International Pty Ltd ("BHP") of its right to match, as described below.

BHP Group (NYSE:BHP) shares saw strong trading volume on Wednesday . 129,838 shares were traded during mid-day trading, a decline of 95% from the previous sessions volume of 2,749,856 shares.The stock last traded at $58.95 and had previously closed at $59.71. Several equities research analysts have recently commented on the stock. Royal Bank of Canada []

[Noront chooses Wyloo''s latest offer for nickel competition] Noront Resources (TSX-V: NOT said on Tuesday that it chose to accept the latest offer from Australian billionaire Andrew Forrest''s Wyloo Metals, giving BHP (ASX, LON, NYSE: BHP) five working days to match the offer. However, the world''s largest miner said later in the day that it did not think it would increase its offer of C $0.75 per share.

The worlds largest listed miner says it does not see adequate long-term value in raising its bid to match Wyloos

Miners BHP and Rio Tinto have made calls on acquisition opportunities but investors did not warm to them or most of the market.

Here''s the latest with BHP''s bidding war The post Why is the BHP (ASX:BHP) share price edging higher today? appeared first on The Motley Fool Australia .

WA billionaire Andrew Forrest has seen off a challenge from the worlds biggest miner to claim victory in a protracted fight for a promising nickel project in Canada.

Billionaire Andrew Forrest looks set to acquire Canadas Noront after BHP left the months-long bidding war for control of the company.

ASX futures are higher after a strong recovery session on Wall Street, where the Nasdaq closed 2.4% higher

Overview The push for a greener economy has led the American and Canadian governments to identify more than 30 minerals as critical commodities. The US government has called for the development of a local supply chain of certain critical minerals –– including battery and platinum-group metals –– that are needed to meet the surging demand from green energy needs. When it comes to sourcing battery and platinum group metals, one type of deposit stands out as a key target. Platreef-style deposits are massive in scale and feature disseminated nickel and copper sulfide mineralization that is enriched with platinum-group elements (“PGE”), gold, chrome, and more. These occur stratigraphically below the high-grade reef-style deposits typically associated with South African PGE mines which are the dominant global source of platinum group metals. Whereas these reef deposits are narrow and require high-cost selective mining methods, the wide widths of Platreef-style deposits are amenable to low-cost bulk tonnage mining methods, resulting in much lower operating costs.

(Bloomberg) -- A fight for a Canadian nickel miner between BHP Group and Australian mining magnate Andrew Forrest may finally be ending.