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Shares in BHP Group and Woodside Petroleum fell on Wednesday as investors on both sides raised questions about the value of the Perth-based oil and gas group's proposed $29 billion merger with BHP's petroleum arm. ....
BHP, Woodside investors jittery over $29 billion petroleum merger | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
BHP, Woodside investors jittery over $29 billion petroleum merger reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
China demand powers Fortescue shipments to record, beats annual estimate | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Maritime Activity Reports, Inc. July 29, 2021 Port Hedland - Australia - Credit: Adwo/AdobeStock Australia s Fortescue Metals Group Ltd on Thursday narrowly beat its full-year estimate for iron ore shipments after a record fourth quarter, as strong demand from top consumer China offset the impact of bad weather. The world s fourth-largest iron ore miner fared better than rivals Rio Tinto and BHP, whose June quarter output dropped because of weather disruptions in Western Australia. Despite those disruptions, surging prices of the steelmaking ingredient and robust demand from China are expected to drive bumper earnings at miners, with Rio reporting a record first-half performance on Wednesday. Clearly these guys do a good job at managing their operations, said portfolio manager Andy Forster of Argo Investments in Sydney. They obviously have some capital spending to do going forward, but given the volume of cash that they are generating th ....