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Highlights
- BHP announced a final dividend of US 200 cents per share for the year ended 30 June 2021.
- Rio Tinto’s sales revenue registered a year-on-year increase of 71% to $33,083 million in H1 2021 compared to $19,362 million in H1 2020.
- Glencore’s adjusted EBITDA rose to $8,654 million in H1 2021 from $4,833 million in H1 2020, up by 79% year-on-year.
Rising oil and gas prices are putting upward pressure on energy-intensive industries, thereby compelling them to scale down production due to increasing costs and supply shortages. The benchmark gas price in Europe has more than tripled in barely a few months, while oil prices have risen by about one-third since August as economies reopened after the pandemic. Skyrocketing electricity prices have impacted production across various miners, thus raising the cost of various metals and commodities. Here is a detailed review of the investment prospect in 3 mining titans - BHP Group, Rio Tinto and Glencore.
(Data source: EODHD/Others)
BHP Group Plc (LON: BHP)
BHP Group is an FTSE 100 listed company engaged in the exploration and mining of silver, copper, nickel, zinc, uranium, molybdenum, and gold, among others.
BHP recorded copper and nickel production for the financial year 2021 as 1,635.7 kt and 89.0 kt, respectively. The company’s iron ore and coal production stood at 253.5 Mt and 40.6 Mt, respectively.
BHP Group recorded a revenue of $60,817 million for the year ended 30 June 2021 compared to the previous year’s $42,931 million. BHP announced a final dividend of US 200 cents per share for the year ended 30 June 2021.
The shares of BHP Group are currently trading at GBX 2,018.50, up by 1.47% in the early hours of trade at 8:12 AM BST on Monday 18 October 2021. The market cap of BHP Group was £42,013.33 million.
Rio Tinto Plc (LON: RIO)
Rio Tinto is engaged in the exploration, mining, and processing of mineral resources such as aluminium, diamonds, copper, borates, gold, and titanium, among others. Recently, the company announced trialling of a new technology that would use biomass instead of coking coal for the steelmaking process, aimed at lowering carbon emissions.
Rio Tinto also inked a five-year contract with K2fly Ltd for its Ground Disturbance solution that would be used across its iron ore operations in Pilbara, Western Australia.
Rio Tinto’s sales revenue represented a year-on-year increase of 71% to $33,083 million in H1 2021 compared to $19,362 million in H1 2020. Its underlying EBITDA rose by 118% to $21,037 million in H1 2021 from $9,640 million in the same period in the previous year.
Rio Tinto’s board declared an interim dividend and special dividend of US 376.00 cents per share and US 185.00 cents per share, respectively, to shareholders, for H1 ended 30 June 2021.
The shares of Rio Tinto are currently trading at GBX 5,077.00, up by 0.77% in the early hours of trade at 8:14 AM BST on Monday 18 October 2021. The market cap of Rio Tinto was £62,868.69 million.
Glencore Plc (LON: GLEN)
Glencore is a commodity trading and mining group. Glencore was the most recent to join the departure of major miners from Bolivia, as it announced plans to sell its Bolivian zinc mines to Santacruz Silver Mining.
Glencore recorded revenue of $93,805 million in H1 2021, representing an increase of 32% year-on-year from the previous year’s $70,961 million. Its adjusted EBITDA rose to $8,654 million in H1 2021 from $4,833 million in H1 2020, up by 79% year-on-year.
The shares of Glencore are currently trading at GBX 392.35, up by 0.46% at 8:30 AM BST on Monday 18 October 2021. The market cap of Glencore was £51,814.26 million.
