BHP’s coffers and BaoSteel’s allegiance

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Hobbit

Rank: Vice President [?]

Points: 889 [?]

Votes: 24 Score: 3.8 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

BHP’s coffers and BaoSteel’s allegiance

posted on Nov 10, 2021 10:12PM

As if BHP's pockets weren't deep enough already, they just added another $1.35B, all cash, through the sale of another fossil fuel asset. Just enough to cover $2+/share for NOT?

And if there was any doubt where Baowu Steel's allegiance lies, they are working with BHP to reduce their carbon footprint.

https://www.mining.com/bhp-sheds-more-australian-coal-mines-in-1-35-billion-deal/

The deal includes $1.1 billion cash on completion, $100 million in cash six months later and a possible up-to $150 million payout in the 2024 calendar year linked to prices.

The company is working with industry giants, including China Baowu Steel and Japan’s JFE Steel on ways to reduce manufacturers’ carbon footprint.