VALUATION

BHP only local to make global top 100 list

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Original article by Damon Kitney
The Australian – Page: 19 : 19-Aug-19

BHP is ranked 63rd in PwC’s latest list of the Global Top 100 companies by market value. BHP’s market capitalisation was estimated to be $US131bn at the end of March, according to the PwC report. The resources giant is the only Australian company to have made the latest list, with the Commonwealth Bank falling out of the top 100. Microsoft has topped the list with a market capitalisation of $US905bn ($1.33trn). The US accounts for 54 companies in the list, while 15 are based in China.

CORPORATES
BHP GROUP LIMITED – ASX BHP, PRICEWATERHOUSECOOPERS, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, MICROSOFT CORPORATION, APPLE INCORPORATED, THE GOLDMAN SACHS GROUP INCORPORATED, GRUPO SANTANDER, JP MORGAN AND COMPANY INCORPORATED, EXXONMOBIL CORPORATION, RELIANCE INDUSTRIES LIMITED, TATA CONSULTANCY SERVICES, SALESFORCE.COM, ELI LILLY AND COMPANY

Write-downs in mining nearly erase deal value

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Original article by Mark Mulligan
The Australian Financial Review – Page: 27 : 24-Jun-15

Citigroup has warned that there may be further asset impairment charges in the global mining industry, particularly in the metallurgical and coking coal sector. The firm estimates that around 90 per cent of the value of mergers and acquisitions transacted by large mining groups since 2007 has been written off. Aluminium, iron ore and nickel assets have generated the most impairment charges over the last eight years, while Rio Tinto has the highest level of impaired assets.

CORPORATES
CITIGROUP INCORPORATED, RIO TINTO LIMITED – ASX RIO, ANGLO AMERICAN PLC, VALE SA, ALCAN INCORPORATED