US Market News
3月前
The Great Copper Squeeze: Why Smart Money is Hoarding Hard AssetsMarch 24, 2026 9:30 AM
PR Newswire (US)
Issued on behalf of GoldHaven Resources Corp.USANewsGroup.com News Commentary.VANCOUVER, BC, March 24, 2026 /PRNewswire/ -- The math on global copper supplies is getting incredibly tight. Major analysts like ING Group and S&P Global are now forecasting a massive refined copper deficit of over 150,000 tonnes for 2026[1]. This is not just a temporary hiccup. It is a fundamental supply crunch driven by grid electrification, the explosion of AI data centers, and heavy defense spending. With major producers running out of easy options to expand their existing operations, mining M&A deal values jumped a projected 45% last year[2]. Big players are aggressively hunting for scalable, advanced-stage assets to fill the gap, creating a pivotal moment for undervalued companies operating in safe regions. Right now, investors are closely watching GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF), Faraday Copper (TSX: FDY) (OTCQX: CPPKF), BHP Group Limited (NYSE: BHP), Imperial Metals (TSX: III) (OTCPK: IPMLF), and NGEx Minerals (TSX: NGEX) (OTCQX: NGXXF) as distinct entry points to capitalize on this structural shift.
This trend is about more than just private capital. It is fundamentally about national security. The United States government recently mobilized over $30 billion in critical minerals commitments in just six months[3]. This historic influx of capital proves that sovereign demand for copper, gold, tungsten, and molybdenum has officially moved past normal market cycles and into strategic defense policy. Location matters more than ever when billions of dollars are on the line. According to the Fraser Institute's 2026 Annual Survey of Mining Companies, Nevada and Ontario rank as the top two most attractive global mining jurisdictions[4]. This confirms that Tier-1 jurisdictions in the US and Canada now command a massive safety premium. For investors looking ahead, these are the exact conditions that position high-grade discoveries in the Americas for compelling growth potential in this current cycle.GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF) is a junior mining explorer with active drill programs running on two continents, and the company just expanded its footprint. GoldHaven filed a technical report on three newly acquired mineral claims added to its Magno Project in northern British Columbia, pushing the property past 37,200 hectares in total size.What makes this worth paying attention to is what those three claims contain. Each one carries a different type of mineral deposit, and they all sit on the same ground. That combination is what geologists look for when trying to determine whether an area has real district-scale potential, meaning the kind of footprint that can support multiple discoveries rather than just one.At Lamb Mountain, historical drilling returned tungsten and molybdenum mineralization, with one interval grading 0.36% tungsten trioxide over nearly 25 metres. At Cassiar Moly, surface samples from a large intrusion-related system came back as high as 14.50% molybdenum disulfide across a zone covering roughly 2.5 square kilometres. At Lang Creek, Cominco Ltd. previously outlined a near-surface copper-zinc lens grading 1.52% copper and 0.90% zinc, with gold and silver also present. Tungsten is classified as a critical mineral by both the Government of Canada and the US Department of the Interior, and Canada currently has no primary domestic tungsten production."The combination of skarn-hosted tungsten-molybdenum at Lamb Mountain, a large intrusion-related molybdenum system at Cassiar Moly, and VMS copper-zinc at Lang Creek, all within the same property boundary, continues to validate our geological thesis," said Rob Birmingham, President and CEO of GoldHaven. "The Magno district is driven by a large, multi-phase magmatic system capable of generating multiple styles of mineralization across a wide footprint."GoldHaven has a $2.0 million flow-through financing underway to fund 2026 exploration at Magno. At its Copeçal Gold Project in Mato Grosso, Brazil, the company recently completed its first diamond drilling program, confirming gold and copper anomalism at both its West and East targets. Phase 2 drilling is scheduled for mid-Q2 2026, with the West Target as the priority zone.For investors watching the junior exploration space, GoldHaven is building out two separate project pipelines at the same time. Magno is growing into a multi-system critical minerals property in British Columbia while Copeçal advances toward a second drill program in Brazil's Alta Floresta Gold Province, a belt with a long track record of gold discoveries. The company's Brazilian critical minerals portfolio spans 123,900 hectares across three projects, giving it one of the larger land positions in the sector at its market stage.CONTINUED… Read this and more news for GoldHaven Resources at:https://usanewsgroup.com/2025/09/23/the-goldhaven-story-two-continents-one-strategy-systematic-exploration-in-historically-productive-districts/In other industry developments:Faraday Copper (TSX: FDY) (OTCQX: CPPKF) reported full-year 2025 financial results showing year-end cash and cash equivalents of $37.9 million — more than double the $17.0 million held at year-end 2024 — following a July 2025 private placement that raised approximately $46.9 million in net proceeds and supported the launch of the Phase IV drill program at its Copper Creek Project in Arizona. The company subsequently closed a non-brokered private placement with participation by a Lundin Family Trust and BHP Group Limited (NYSE: BHP) in March 2026, raising approximately CAD$100 million through the issuance of 23,810,000 common shares at CAD$4.20 per share.Faraday Copper's Phase IV drill program, initiated in September 2025, targets 40,000 meters of diamond drilling focused on the American Eagle area and new discovery targets across the Copper Creek district, with results from five near-surface drill holes in the American Eagle area already reported in January 2026. The company also signed a letter of intent in February 2026 to acquire BHP's San Manuel property in Arizona, creating potential for a multi-asset copper district positioning Faraday Copper for resource growth at one of North America's largest undeveloped copper projects, with definitive purchase agreements targeted by the end of Q3 2026.Imperial Metals (TSX: III) (OTCPK: IPMLF) has reported 2025 production results for the Red Chris mine, with total output on a 100% basis reaching 93.1 million pounds of copper and 92,429 ounces of gold (exceeding 2025 guidance of 88 million pounds of copper and 86,000 ounces of gold) on improved grades for both metals and higher gold recovery. Imperial Metals' 30% attributable share of Red Chris production amounted to 27.9 million pounds of copper and 27,729 ounces of gold for the year, representing strong growth versus the prior year's attributable totals of 25.6 million pounds of copper and 17,943 ounces of gold.Looking ahead, the Red Chris feasibility study for a block cave expansion operation is advancing alongside permitting activities for the underground project, with study completion and joint venture approval
(subject to study outcomes) expected in the second half of 2026. Production at Red Chris is anticipated to be lower in 2026 as the mine sequence transitions to lower-grade ore and stockpile processing while stripping for the next open-pit phase, with Newmont's 2026 guidance for the operation set at 60 to 66 million pounds of copper and 47,500 to 52,500 ounces of gold on a 100% basis.NGEx Minerals (TSX: NGEX) (OTCQX: NGXXF) has released compelling new drill results from Phase 4 of its ongoing program at the 100%-owned Lunahuasi high-grade copper-gold-silver project in San Juan, Argentina, with drillhole DPDH059 intersecting 335.15 metres at 4.08% copper equivalent (including 19.50 metres at 18.96% CuEq) from 408.55 metres depth."Today's news release includes holes 56 and 59, drilled in different directions through the Saturn zone, and hole 58 which is helping to define a new zone at the northern limit of the current drill pattern," said Wojtek Wodzicki, CEO of NGEx Minerals. "Together they demonstrate the significant size and grade of Saturn, which is our largest defined zone to date, as well as the continued upside potential we have to discover and delineate new zones as we follow up on numerous wide, high-grade intersections that lie outside the Saturn, Mars, and Jupiter zones, in areas of sparse drill density."The Phase 4 program has now surpassed 23,000 metres drilled across 21 completed holes, with eight additional holes in progress, prompting the company to increase its season target from 25,000 metres to 30,000 metres.Article Source: https://usanewsgroup.com/2025/09/23/the-goldhaven-story-two-continents-one-strategy-systematic-exploration-in-historically-productive-districts/CONTACT:
USA News Group
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed for Baystreet.ca Media Corp. ("BAY"), who has been paid a fee for an advertising campaign. MIQ has not been paid a fee for GoldHaven Resources Corp. advertising or digital media, but the owner/operators of MIQ also co-owns BAY. There may also be 3rd parties who may have shares of GoldHaven Resources Corp. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by GoldHaven Resources Corp. The scientific and technical information disclosed in this document have been reviewed and approved by two Qualified Persons (QPs). The Copeçal Technical Report identifies Jean-Marc Lopez, B.Sc., FAusIMM, as the Qualified Person responsible for the report. The report "GoldHaven Resources Completes Summer Exploration Programs" states that the technical information has been reviewed and approved by Jonathan Victor Hill, B.Sc. Hons, FAusIMM, an independent Qualified Person and Country Manager of GoldHaven. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:https://www.cnbc.com/2026/03/10/copper-shortage-tariff-fears-mine-disruptions-prices-tightness.html https://www.bain.com/insights/mining-m-and-a-report-2026/ https://www.state.gov/releases/office-of-the-spokesperson/2026/02/2026-critical-minerals-ministerial https://www.fraserinstitute.org/studies/annual-survey-mining-companies-2025?__cf_chl_tk=F0.ouSs3HRFwJAs1s_c3po3RJTGfPydfvwVS0.tg21s-1774294935-1.0.1.1-qSDjFXOeUISxO9XQVdDcknUGGBU0KG74B.ZMxOfuwdA Logo - https://mma.prnewswire.com/media/2838876/5879411/USA_News_Group_Logo.jpg
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Original: The Great Copper Squeeze: Why Smart Money is Hoarding Hard Assets
BottomBounce
4月前
Could Northern Dynasty Minerals (NAK) Become the Center of a Strategic Partnership or Buyout?
Northern Dynasty Minerals, owner of the Pebble Project in Alaska, controls one of the world’s largest undeveloped copper deposits. While the project remains stalled by regulatory barriers, its sheer scale continues to attract attention from investors and industry observers. As global demand for copper accelerates—driven by electrification, renewable energy, and grid expansion—the long-term strategic value of Pebble becomes increasingly difficult to ignore.
Although no partnership or acquisition is underway, it is worth examining who might be a strategic buyer or partner if conditions change. Several categories of buyers stand out based on industry patterns, geopolitical incentives, and the nature of the asset.
1. Major Global Mining Companies: The Most Natural Strategic Buyers
Large multinational miners are the most obvious candidates. They have the capital, engineering expertise, and political experience required to develop a project as complex and controversial as Pebble.
Potential candidates (examples, not predictions):
Rio Tinto
BHP
Glencore
Anglo American
Freeport-McMoRan
Why they fit strategically
Pebble is one of the world’s largest undeveloped copper deposits.
Copper demand is rising sharply due to EVs, renewable energy, and transmission infrastructure.
These companies routinely navigate long permitting timelines and high-capex projects.
They have the operational depth to manage environmental, regulatory, and community-relations challenges.
If any buyer category is most aligned with Pebble’s scale and complexity, it is this one.
2. Large Diversified Metals & Energy Companies: Positioning for the Energy Transition
A second group of potential buyers includes companies shifting toward “future-facing commodities” such as copper, nickel, and lithium.
Potential examples
Teck Resources
Vale Base Metals
South32
Why they’d be interested
Copper is increasingly viewed as a foundational metal for the global energy transition.
Pebble’s massive resource could anchor decades of production.
These companies are actively rebalancing portfolios toward green-energy metals.
For firms seeking long-term exposure to copper, Pebble represents a generational opportunity—albeit one with regulatory hurdles.
3. Sovereign Wealth Funds & State-Backed Resource Investors: Long-Horizon Buyers
Some countries aggressively secure long-term mineral supply for industrial and national-security reasons. These investors often have multi-decade horizons and the capital to support large, slow-moving projects.
Potential examples
Middle Eastern sovereign wealth funds
South Korean or Japanese industrial groups
European strategic mineral funds
Why they’d be strategic buyers
They prioritize long-term access to critical minerals.
They can fund multi-billion-dollar, multi-decade projects.
Pebble’s scale aligns with national-level resource strategies.
Note: While China is a major global buyer of copper assets, a Chinese acquisition of NAK is highly unlikely due to U.S. national-security restrictions.
4. U.S.-Aligned Strategic Buyers: The Geopolitical Fit
If Pebble ever moves forward, U.S. policymakers would likely prefer a buyer aligned with American strategic interests.
Potential examples
U.S.-based mining companies
Canadian mining companies (considered geopolitically safe)
U.S.-friendly sovereign funds (e.g., Norway, UAE, Singapore)
Why they’d be strategic buyers
Pebble is a U.S. critical-minerals asset.
Domestic copper supply is increasingly viewed as a national-security priority.
U.S. policy is shifting toward supporting domestic mineral development for EVs and grid expansion.
A U.S.-aligned buyer would face fewer political obstacles and could benefit from federal incentives tied to critical minerals.
5. Private Equity or Infrastructure Funds: A Distressed-Asset Play
While less likely, private equity firms or infrastructure funds could pursue NAK as a long-term speculative investment.
Why they’d consider it
NAK’s valuation is extremely low.
PE firms specialize in distressed assets with asymmetric upside.
They could hold the asset until regulatory conditions change, then partner with a major miner.
Limitations
Pebble’s political risk is unusually high.
The project requires billions in capital—beyond the scope of most PE firms without a strategic partner.
This category is possible, but not the most natural fit.
So Who Is the Most Strategic Buyer?
A major global mining company—such as Rio Tinto, BHP, Glencore, Anglo American, or Freeport-McMoRan—is the most strategically aligned buyer for NAK. These companies have:
The capital
The engineering capability
The political and regulatory experience
The long-term investment horizon
…to make a project like Pebble viable if regulatory conditions ever shift.
Pebble is a massive, long-timeline, high-complexity project. Only the world’s largest miners have the scale to develop it responsibly and profitably. $NAK $BHP
Saving Grace
6年前
Multi Billion dollar law suit RUN! P&D!
BHP faces first step in $6.3 billion UK claim over Brazil dam failure
LONDON, July 14 (Reuters) - More than 200,000 Brazilian people and groups will next week kick off a 5 billion-pound ($6.3 billion) lawsuit against Anglo-Australian miner BHP in Britain over a 2015 dam failure that led to Brazil's worst environmental disaster.
The group claim, one of the largest in British legal history, has been brought on behalf of Brazilian individuals, businesses, churches, organisations, municipalities and indigenous people and will open in Manchester on July 22.
An initial, eight-day hearing will establish whether the case can be heard in Britain, although the judge is expected to reserve judgment until later in the year. If successful, further trials are expected to determine liability and quantify damages.
BHP spokesman Neil Burrows said the claim did not belong in Britain because it duplicated proceedings in Brazil and the ongoing work of the Renova Foundation, an entity created by the miner and its partners to manage reparations and repairs.
The collapse of the Fundao tailings dam, which stored mining waste and is owned by the Samarco joint venture between BHP and Brazilian iron ore mining company Vale, killed 19 and spilled roughly 40 million cubic metres of toxic sludge into communities, the Rio Doce river and Atlantic Ocean 650 km away.
Claimants allege BHP, the world's largest miner by market value, ignored safety warnings as the dam's capacity was repeatedly increased by raising its height - and disregarded cracks that pointed to early signs of rupture.
"The public companies at the top of the BHP group structure, which we firmly believe bear ultimate responsibility for the disaster, have until now been insulated from its consequences within the Brazilian legal system," said Tom Goodhead, a partner at law firm PGMBM, which represents the claimants.
Goodhead said Brazilian environmental law had a long reach and imposed strict liability for environmental damage. ($1 = 0.7967 pound) (Reporting by Kirstin Ridley in London Additional reporting by Zandi Shabalala in London Editing by Matthew Lewis)
https://finance.yahoo.com/news/bhp-faces-first-step-6-210741544.html
goldenpolarbear
9年前
GOLD is still hovering below $1300 USD and BHP Billiton Mining stocks will handsomely improve once it recovers yet again.... http://www.bhp.com/investor-centre
Interesting, when and if Kerr Mines has their AGM on Oct. 24th as mentioned via Sedar with any positive news these stocks should s e r i o u $ l y POP! imho
http://www.investorx.ca/search/00003818/kerr-mines-inc
With an experienced team in place, Kerr Mines implements a strategy to create profits for shareholders.
In the Western United States, and in Arizona in particular, the mining industry is a vibrant and valuable part of the economy and has been for more than a century.
There is an incredible inventory of economic mineral deposits in the rust-colored lands. When combined with pro-mining communities and government, Arizona ranks in the top 10 mining jurisdictions globally. This makes the state a highly attractive location for mining companies to invest.
Claudio Ciavarella knows this all too well. He’s a professional accountant by trade, as well as a private business owner. As a long-time investor in the precious metals space, he has a deep understanding of the mining landscape.
For the past 12 years, Ciavarella has been an investor in Kerr Mines and its Copperstone Project, a high-grade, fully permitted gold deposit. Today, he is the second largest shareholder of the company, and its CEO.
“There are many aspects that make Kerr Mines unique from other junior mining companies,” he shared. “As a private business owner, I know how critical every dollar is to the success of a company.”
A Company in Friendly Hands
In early 2016 the company was facing financial difficulties. At the time, the sector was also suffering and many companies were facing bankruptcy or being sold below book value.
“I decided to become more active in the company,” Ciavarella said. “I met with one of the large shareholders (now the Chairman) and we both agreed that we wanted all the shareholders to participate in the upside of the business rather than see it go into bankruptcy.”
The pair agreed to implement a significant turnaround strategy. They purchased all the debt from the debtholders, injected fresh capital into the business, and in April 2017, Ciavarella took on the position as CEO.
“This decision gave us a lot of credibility in the market,” he commented. “It was definitely a unique approach and one that was not expected. Purchasing and restructuring all the debt significantly de-risked the company as all of the debt moved into friendly hands with long-term maturities.”
This afforded the company with the necessary financial stability to allow the management team to move the Copperstone mine forward and continue creating shareholder value.
The Copperstone Mine
The Copperstone project is a former producing mine with high-grade gold resources defined. When Kerr acquired the asset—which included a land package that is approximately 3,600 hectares—the company’s geologists believed there would be tremendous exploration potential for adding to the existing resource.
As such, the opportunity to continue creating shareholder value through the implementation of its exploration program became a key strategic focus.
Previous drilling efforts from the publically-traded company that owned the Copperstone Project before Kerr indicated that the Copperstone asset is a high-grade gold project. There is 43-101 compliant historical resource of approximately 300,000 ounces with a grade of approximately 10 grams per ton.
“The aspect that creates our confidence as we move forward is the fact that previous drilling on the project has been successful in identifying additional opportunities that were never pursued due to lack of capital, we are pursuing these and other targets to expand our resources,” said Ciavarella.
In addition to the many highly attractive features of this project, which include prior successful production of over 500,000 ounces of gold from the Copperstone zone, an existing resource, a huge land package with tremendous exploration upside, excellent supportive mining jurisdiction, and all permits in place, is the added benefit that all infrastructure required to operate a mine are in place as well.”
https://thebossmagazine.com/mining-industry-kerr-mines/#
I wonder if Waterton Global Resource, BHP or NewCrest will try to acquire any of Kerr's golden assets while the POG is down?
https://www.watertonglobal.com/login.html
hughes16
9年前
Elliott's Plan to Unlock $46B at BHP
Elliott's Plan to Unlock 50% or $46B of Value at BHP
Introduction:
Elliott holds long economic interest in BHP of approximately 4.1% of issued shares
Despite being a leading global resources company with a portfolio of best-in-class large-scale diversified mining assets, BHP has underperformed a portfolio of comparable mineral and petroleum companies
Despite the progressive demerger of South32 in May 2015, management still cannot deliver optimal shareholder value without:
Resolving the shareholder value inefficiencies from dual-listing
Monetizing the intrinsic value of US petroleum business
Enhancing capital management to an optimal level
BHP Shareholder Value Unlock Plan is designed to address these issues with 3 key steps:
Unifying BHP’s dual-listed company structure into a single Australian-headquartered and Australian tax resident listed company
Demerging and separately listing BHP’s US petroleum business on the NYSE
Adopting a policy of consistent and value-optimized capital returns to shareholders
Analysis shows that implementation of this plan could enable management to provide shareholders with an increase in value of up to 48.6% (limited shareholders) / 51% (PLC shareholders)
Step 1: Unifying BHP into a single Australian-headquartered and Australian tax resident listed company
Following the South32 demerger, estimate that PLC now generates only 8.9% of BHP’s EBITDA but PLC accounts for 39.7% of BHP’s aggregate number of issued shares
Long-term misalignment of profits vs. shareholder base has led to a massive and continuing build-up of franking credits – totaling $9.7B or 10% of BHP’s market cap
Over the last 16 years since the completion of dual listing, PLC’s shares have traded at an average discount of 12.7% to Limited shares
Price dislocation stems from the economic asymmetry which in turn undermines the fundamental principles and objectives of the dual listing structure
Unification would:
Create a single Australian-headquartered and Australian tax resident unified BHP company which would be managed from Australia. That company could retain BHP’s current stock market listings and continue to be included within key FTSE and ASX stock indices
Put BHP’s Limited and PLC shareholders on the same footing, eliminate current trading value mismatch
Allow BHP to access the value represented by its existing massive $9.7B franking credit balance, plus future franking credits generated by the business
Significantly enhance the scope for, and optimize the impact of, BHP share buybacks – unified BHP’s management could return the substantial upcoming excess cash flow to shareholders by way of 14% discounted off-market share buybacks
Remove any need to use the Dividend Share Mechanism, thereby avoiding wastage of valuable franking credits
Help management to avoid making badly timed acquisitions paid for in cash, given the opportunity to deploy significant cash resources in value-enhancing post-unification share buybacks
Increase the scope for management to pursue appropriate acquisition opportunities using unified BHP’s own shares as consideration
Remove certain other material tax, operational and strategic inefficiencies caused by the dual listing structure
Step 2: Demerging and separately listing BHP’s US petroleum business
Based on commonly utilized valuation metrics for comparable businesses, the indicated value for BHP’s US petroleum business is $22B, which is well in excess of the current analyst consensus valuation for that business
Analysis indicates that US petroleum business has not been able to successfully contribute to shareholder value at BHP since:
It provides no meaningful diversification benefits to BHP as a whole
Lack of synergies between US petroleum business and its mining assets
Intrinsic value is being obscured by bundling it with BHP’s other assets
Demerger and separate listing of US petroleum assets on the NYSE would:
Unlock the intrinsic value of the US petroleum business and provide shareholders with access to what we believe would be a much higher market value for that business
Allow the demerged US petroleum business to be properly capitalized and pursue value-accretive strategic opportunities
Allow BHP’s management to fully focus on deriving value from BHP’s unrivalled portfolio of first-tier mineral assets
Allow BHP’s investors to tailor their own desired exposure to US energy and petroleum equities rather than being constrained by the fixed acreage composition and petroleum vs. minerals mix currently being offered by BHP
Step 3: Adopting a policy of consistent and optimized capital returns to shareholders
BHP is expected to generate $31B of excess cash flow in the next 5 years, assuming the current 50% payout ratio of net income
A clearly defined and communicated ongoing 14% discounted off-market buyback program undertaken by a unified Australian tax resident BHP which has demerged its US petroleum business would:
Enable BHP to pursue its own shares at a substantial discount, achieving an overall cost which is 5.6% lower than the price at which BHP can currently buy back its shares
Release up to 66% more franking credits to shareholders
Facilitate an initial off-market buyback of at least $6B
Within the 5 year period ending June 2022, in addition to the continuation of the current 50% payout ratio, adopting this capital return policy as part of the Value Unlock Plan could result in:
Total $33B being returned to shareholders via buybacks
29% of core BHP’s share capital being repurchased
Total EPS accretion from buybacks of 33% in respect of the shares remaining in issue after the 14% discounted buyback program
An increase in BHP’s NAV of $20B (21% of current market cap)
Our analysis indicates that implementation of the Value Unlock Plan could provide BHP shareholders with an increase in the value attributable to their shareholdings of up to 48.6% (Limited Shareholders) / 51% (PLC Shareholders).
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