BHP Billiton Limited (BHPLF)
- Reuters
BHP flags labour constraints, warns of further Omicron disruption
(Reuters) -Mining giant BHP Group on Wednesday joined rival Rio Tinto in warning of further disruptions from COVID-19, including labour shortages, and said the impact of the Omicron variant will last into the second half of its financial year. BHP said the proposed easing of border restrictions in Western Australia on Feb. 5 may also cause some short-term disruption to the operating environment as the pandemic evolves in the state. The mineral-rich state has maintained a hard-line on border controls during the pandemic, while a surge of Omicron cases across Australia has caused a dearth of workers in mines as well as train drivers to transport millions of tonnes of commodities.
- Bloomberg
BHP Revives Appetite for Deals With Biggest Rivals in Sights
(Bloomberg) -- After sitting dormant for more than a decade, BHP Group -- once mining’s most aggressive dealmaker -- is positioning itself for a return to large-scale M&A.Most Read from BloombergFourth Pfizer Dose Is Insufficient to Ward Off Omicron, Israeli Trial SuggestsMicrosoft Buys Scandal-Tainted Activision in Bet on MetaverseDeadly Drone Strikes on UAE Raise Gulf Tensions, Roil Oil MarketStock Selloff Deepens as Treasury Yields Climb: Markets WrapOlympic Ticket Sales Halted; Hong Kong Arr
- Bloomberg
Glencore’s Deal for Giant Colombian Coal Mine Ends Up Costing Much Less
(Bloomberg) -- Glencore Plc’s purchase of a giant Colombian coal mine has cost the commodities trader and mining powerhouse much less than initially thought after prices of the fuel surged.Most Read from BloombergCypriot Scientist Says Deltacron Covid Variant Isn’t ErrorEurope Slowly Starts to Consider Treating Covid Like the FluStocks Halt Five-Day Rout After Powell’s Remarks: Markets WrapSingapore Breaks Down Covid Deaths by Vaccine, With Moderna Seeing Lowest RateRepeat Booster Shots Spur Eur
