Sydney — BHP Billiton's thermal coal production from its Australian and Colombian mines for the April-June quarter as well as fiscal 2016-2017 ended June 30 year showed strong growth of 7% and 30% respectively year on year, the company said Wednesday.
Sydney — Mining giant BHP Billiton expects further declines in its thermal coal production in fiscal 2016-2017 after periods of drought and heavy rain took a toll on output in the current fiscal year that ended June 30. Production plunged 16% year on year to 34.25 million mt and well below the
The package of assets has a strong South African bent and may consist of some of the original Billiton assets including the thermal coal mines in BHP Energy Coal South Africa (Becsa), the aluminium smelters in Richards Bay and in Mozambique, and the manganese mines in the Northern Cape.
The Cerrejon coal mine in southern Guajira province. Photo: Despacio.org. Bob Burton. South32, the company spun off by BHP Billiton in 2015, has decided thermal coal is so threatened by renewables and unloved by investors it plans to offload its four South African coal mines.
BHP Billiton (BHPB) is an international mining firm which describes itself as "the world's largest diversified resources company." It mainly deals in minerals and petrochemicals, but also is one of the world's leading exporters of "thermal coal," i.e. coal used for power generation. In 2006, BHPB's profits exceeded US$10 billion.
BHP Billiton has major coal mines in Australia, South Africa, Colombia and the USA. In its annual report the company boasts that it is the "world's largest supplier of seaborne metallurgical coal" and "one of the world's largest producers and marketers of export energy coal."
Direct commercial outcome of 80milllion tonnes of Metallurgical Coal (25% of seaborne trade) and over 20million tonnes of Thermal Coal from Australia, representing US$8B in annual sales. Lead Marketing team; conclude/ensure fulfillment of deals in Europe, China, India, Japan, Korea, South America, Australia and Southeast Asia.
BHP Billiton is helping them to find ways to make relevant findings accessible to others. The longer that action is delayed, the more critical CCS will become. This is particularly the case if we need to develop negative emissions technologies, of which CCS is an important potential contributor 2 .
For example, BHP Billiton's assessment relied on data of thermal coal demand for 2014 even though the decline in the export coal trade which started in 2013 accelerated last year. Nor does the company's analysis acknowledge that its estimates of future coal demand from just a few years ago were hopelessly inaccurate.
Current and historical p/e ratio for BHP Billiton (BHP) from 2006 to 2018. The price to earnings ratio is calculated by taking the latest closing price and dividing it by the most recent earnings per share (EPS) number. The PE ratio is a simple way to assess whether a stock is over or under valued and is the most widely used valuation measure.
BHP achieves record metallurgical coal production in 2018 Wednesday, 18 July 2018 10:06 BHP Billiton's recent Operational Review for the 2018 financial year, the company has achieved a 7% increase in metallurgical coal production to reach a new record figure.
Australia-listed BHP Billiton's thermal coal production took a hit in July-September due to adverse weather conditions, but the company has maintained its guidance for fiscal 2016-2017 (July-June), it said in its quarterly operational review Wednesday.