Zimbabwe's only operating nickel mine placed under administration [Globe and Mail, The (Toronto, Canada)]
BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP)
US:NYSE Investor Relations:
bhp.com/investor-centre
Company Research
Source: Globe and Mail, The
Zimbabwe's government owns 70 per cent of Bindura Nickel Corporation's Trojan Nickel Mine which employs about 1,100 people according to Bindura's latest annual report. The reconstruction order was published on Thursday in the Government Gazette which also announced the appointment of an administrator. Trojan is Zimbabwe's only primary nickel producer, though the country's platinum miners also produce the metal which is mainly used in steelmaking. Nickel prices have fallen from record levels above $100,000 in 2022 when they were driven by expectations of reduced supplies from major producer Russia following its invasion of Ukraine, to around $19,000 per ton in the currently oversupplied market. Prices are currently 25 per cent down on their levels a year ago. Low prices have forced top global producer BHP Group to review its nickel business, warning that 30 per cent of Australian mine capacity had gone offline and another 30 per cent was in trouble due to the squeeze on margin
Show less
Read more
Impact Snapshot
Event Time:
BHP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BHP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BHP alerts
High impacting BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) news events
Weekly update
A roundup of the hottest topics
BHP
News
- Anglo American's Battle With BHP Worries a Corner of England [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Anglo American has sought fertiliser partners for months, says CEO [Yahoo! Finance]Yahoo! Finance
- Anglo American considers sale of De Beers diamond business [Yahoo! Finance]Yahoo! Finance
- Gold prices flat as U.S. inflation data takes centre-stage [CNBC]CNBC
- Analysis-BHP's options for Anglo American deal narrow as deadline looms [Yahoo! Finance]Yahoo! Finance
BHP
Sec Filings
- 5/14/24 - Form 6-K
- 5/13/24 - Form 6-K
- 5/2/24 - Form 6-K
- BHP's page on the SEC website