Inconsistent profits a key risk, BHP says

September 16, 2020 / www.metalbulletin.com / Article Link

BHP has flagged inconsistent profits caused by volatile commodity prices as a key risk to its business.

"Impacts from the Covid-19 pandemic and other geopolitical and macroeconomic developments are expected to increase commodity price volatility. Volatility in the market will continue to translate into profit variability," the mining giant said in its annual report for its 2020 financial year ended June 30.
This is mainly caused by a deterioration of demand from buyers in affected countries, supply disruptions from key producing regions or logistical constraints impacting supply chains.
BHP said price movements in minerals, oil and gas were especially affected.

"A $1-per-tonne decline in the average iron ore price would have an estimated impact of $163 million...

Recent News

Bank of Japan boosts rates, continuing an unwinding carry trade

December 22, 2025 / www.canadianminingreport.com

Gold stocks outperform equity market slide

December 22, 2025 / www.canadianminingreport.com

Silver inventories rebound in UK, output from major producers rises

December 15, 2025 / www.canadianminingreport.com

Silver's three-month outperformance continues

December 15, 2025 / www.canadianminingreport.com

Silver & Copper Supply Distortions Continue

December 08, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok