20
Feb
04:53
Cheaper nickel, Samarco impairment slash BHP first-half profit
BHP saw net profit tumble in the first half through December of its fiscal year through June 2024 amid lower nickel prices and Brazil mine failure, Kallanish notes.
The firm says its H1 net profit plunged 86% year-on-year to $927 million. Its attributable profit decreased as a result of an exceptional loss of $5.6 billion, following an impairment of Western Australia Nickel, and an increase to the provision related to the Samarco dam failure.
The firm's…
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Very good overview of the weekly steel market.
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