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Search resuls for: "BHP's"


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☆ BHP's Henry sees fundamentals in place for China's economic growth
  + stars: | 2022-11-30 | by ( ) www.reuters.com   time to read: 1 min
Nov 30 (Reuters) - BHP Group's (BHP.AX) Chief Executive Mike Henry said that "all fundamentals are in place" in China for continued economic growth over the next 20 years. China, the world's second biggest economy, accounts for more than 50% of global demand for raw materials. Its economic activity has this year been dampened by targeted lockdowns in response to COVID-19 outbreaks. Speaking at the Reuters NEXT conference in New York Henry, head of the world's largest listed mining company, said he expects to see an "increasing domestic drive towards economic growth in China". Reporting by Clara Denina, Ernest Scheyder; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
☆ Workers for Chile's Escondida Mine accept BHP's offer and will not strike-union source
  + stars: | 2022-11-28 | by ( ) www.reuters.com   time to read: +1 min
SANTIAGO, Nov 28 (Reuters) - Workers at Chile's Escondida Mine accepted a new offer from BHP (BHP.AX) and will not move forward with a strike that was planned for Nov. 28 and 30, their union said Monday. Workers represented by the Sindicato No. BHP had reached a deal with the union early last week, but the agreement was pending approval by some 2,000 workers represented by the union. Workers voted to reject the proposal on Thursday and threatened to strike if their demands weren't met. Details of the new offer workers agreed to on Monday were not immediately available.
☆ BHP Group, ArcelorMittal trial carbon capture at Europe, US steel plants
  + stars: | 2022-10-27 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Dado Ruvic/Illustration/File PhotoLONDON, Oct 27 (Reuters) - BHP Group (BHP.AX) is teaming up with steelmaker ArcelorMittal (MT.LU) and two others to test a new technology to reduce carbon emissions in steel making at two plants in Belgium and North America. By discharging over 3 billion tonnes of carbon dioxide a year, the steel industry accounts for 7-9% of global greenhouse gas (GHG) emissions. BHP's partnerships, for example, also include one with India's Tata Steel (TISC.NS), which uses biomass as a source of energy. "There isn't a silver bullet, there isn't one path or technology for low-carbon emissions in steelmaking," Pant said. "We are covering many different technologies and geographies with these partnerships ... to enable lower GHG emissions steel and support the reduction of carbon intensity in blast furnaces," Pant said.
☆ Woodside lifts output forecast as revenue soars on high energy prices
  + stars: | 2022-10-19 | by ( ) www.reuters.com   time to read: +2 min
The company became a top-10 global independent oil and gas producer after its merger with BHP's petroleum arm was finalised this year, helping it double its output. read moreWoodside gained from weaker energy supplies following the Ukraine war, which pushed liquefied natural gas prices to new highs and forced buyers to scramble for alternate supplies from countries like Australia. Woodside also said it produced 51.2 mmboe during the quarter, the first full quarter of production since its merger with BHP's petroleum arm, compared with 22.2 mmboe a year earlier. This, along with the newly acquired BHP assets, helped boost quarterly revenue to $5.86 billion, from $1.53 billion a year ago. Woodside also said its Sangomar oil and gas project in Senegal was 70% complete at the end of September, with first production targeted for the latter half of 2023.
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