BHP Kicks Off $10.8 Billion Plan to Prevent Chile Copper Slump
BHP Group will kick off a massive $10.8 billion investment program in Chile with the overhaul of an aging copper plant as the world's most valuable mining company battles declining ore quality.
As part of a site visit Tuesday by Chilean Finance Minister Mario Marcel, Melbourne-based BHP said in a statement that it would enter the $2 billion-plus plant upgrade into environmental processing soon.
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Business Insider
40 minutes ago
- Business Insider
Upcoming Stock Splits This Week (June 9 to June 13)
These are the upcoming stock splits for the week of June 9 to June 13, based on TipRanks' Stock Splits Calendar. A stock split is a corporate maneuver that increases the number of shares outstanding by issuing more shares to existing holders, all while keeping the company's total market value unchanged. This lowers the price per share, often making the stock more affordable and potentially more appealing to retail investors. Confident Investing Starts Here: In contrast, a reverse stock split reduces the number of shares by consolidating them, which raises the price per share without affecting the company's valuation. Companies typically turn to this strategy to meet stock exchange requirements – like Nasdaq's minimum price threshold – and avoid delisting. Whether intended to boost investor interest or maintain compliance with exchange rules, these adjustments often serve as key signals for traders tracking a company's strategic direction. Let's take a look at the upcoming stock splits for the week. Nektar Therapeutics (NKTR) – Nektar Therapeutics is a biopharmaceutical company developing novel drug candidates. Following stockholder approval on May 23, the company formalized a 1-for-15 reverse stock split. The split takes effect on June 8, with trading on a split‑adjusted basis beginning June 9. Fangdd Network Group (DUO) – China-based Fangdd is a technology-driven real estate platform. The company confirmed a 16-for-1 reverse share consolidation, effective June 9, aimed at boosting its share price and maintaining compliance with listing standards. Bone Biologics (BBLG) – Bone Biologics develops orthobiologic products for spinal fusion procedures. After gaining shareholder approval on May 30, the company filed for a 1-for-6 reverse stock split, which takes effect on June 10. The goal is to elevate its share price back into compliance with Nasdaq's minimum pricing rules and enhance its appeal to institutional investors. Cero Therapeutics Holdings (CERO) – Cero Therapeutics is a biotech firm developing engineered T-cell immunotherapies for cancer. Following shareholder approval in November and board action on December 25, it enacted a 1-for-100 reverse stock split effective on January 8, consolidating every 100 shares into one. The move aimed to boost the stock above $1.00 and secure compliance with Nasdaq's listing standards. Inuvo, Inc. (INUV) – Inuvo specializes in AI-powered marketing technologies and is gearing up for a 1-for-10 reverse stock split on June 10. The move is designed to lift its share price, restore Nasdaq compliance, and strengthen its financial foundation for future growth. O'Reilly Automotive (ORLY) – O'Reilly Automotive is a specialty retailer of automotive aftermarket parts and accessories. On March 13, the company declared a 15-for-1 forward stock split, with the distribution of additional shares set for June 9 and split-adjusted trading beginning June 10. SaverOne 2014 (SVRE) – Israel-based SaverOne develops driver safety systems that block mobile-device distractions in vehicles. The company executed a 1-for-3 reverse ADS split, effective June 11, adjusting its American Depositary Share ratio to strengthen its Nasdaq standing and enhance market appeal. China Natural Resources, Inc. (CHNR) – China Natural Resources is focused on mining exploration in Inner Mongolia and is working toward picking up Zimbabwe's Williams Minerals lithium mine for up to $1.75 billion. The company executed an 8-for-1 reverse stock split effective June 12 to meet Nasdaq's $1 minimum bid price requirement, converting every eight shares into one to boost its per-share value and comply with listing rules
Boston Globe
2 hours ago
- Boston Globe
The Trump administration canceled an $87 million award for this MIT startup. But life goes on.
Advertisement On May 20, Suffolk Technologies, a venture capital arm of Boston-based Suffolk Construction, announced it had invested an unspecified amount of money in Sublime and pre-purchased some of the cement that will be made in Holyoke. Two days later, Sublime announced an agreement with Microsoft in which the software giant will buy more than 620,000 metric tons of Sublime cement over up to nine years. Last fall, two of the world's largest cement suppliers, Holcim and CRH, together invested $75 million in the company. The company has also raised $45 million in venture capital funding, including from Lowercarbon Capital and Engine Ventures. And on Thursday, Sublime disclosed a roster of nine construction companies, including Suffolk, that have agreed to act as sales partners to pitch Advertisement The Holyoke factory is expected to be completed in 2027 and provide jobs for at least 70 people after it opens. The plant will still get some subsidies, including $47 million in federal tax credits that remain in place, $1.05 million in state tax credits, and $351,000 in local property tax breaks. Site work has begun in Holyoke, but not construction of the actual building. Joe Hicken, senior vice president of business development at Sublime, declined to say what kind of impact, if any, the Department of Energy's action will have on the project's timing. He noted that Sublime's mission dovetails with the Trump administration's goal of boosting American manufacturing. 'If anything, that termination letter is one data point,' Hicken said. 'We have many other data points associated with commercial movement [and] for every plan that we talk about publicly, we have 10 backup plans waiting for their day to shine.' Builders such as those at Suffolk and Consigli Construction in Milford have come to appreciate the technology developed by Sublime cofounders Leah Ellis and Yet-Ming Chiang. The process they developed replaces traditional kilns with electrolysers that make cement from calcium sources, avoiding the intense release of carbon dioxide from the super-heating of limestone used to make most cement. So far, Sublime's production has been limited to small test batches, including a foundation section included in the new building WS Development finished for Amazon in the Seaport. Consigli vice president Todd McCabe said his company signed up to sell Sublime cement because its executives are always looking for ways to build more sustainably and efficiently, and Sublime's clean cement will help with that. Advertisement At Suffolk, executives decided to buy equity in Sublime. Suffolk followed the startup soon after its 2020 inception. As Sublime moved closer to commercialization, Suffolk chief technology officer Jit Kee Chin decided it was the right time to invest. 'They're getting to the point where it's about to go to market,' Chin said. 'Really, it's no longer a science experiment. ... This is the right time for us to go in and really support them.' Chin said many of Suffolk's clients are keenly interested in Sublime's goal of creating a cost-effective, low-carbon cement that's just as effective as traditional cement, known as portland cement. The news about Sublime losing the federal award came as a disappointment to Ben Downing, the chief strategist at the Engine, a nonprofit startup accelerator affiliated with MIT and with VC firm Engine Ventures. Although it's a significant amount of money, Downing has confidence that Sublime will be able to finish the Holyoke factory. 'We know there's a lot of chaos in Washington but we believe in the science and we believe in the team,' Downing said. 'It's bad news, but if any team is going to be able to respond to it and grow and scale it, they're going to find a way [and] I know Holyoke and Massachusetts will be better for it.' Jon Chesto can be reached at
USA Today
3 hours ago
- USA Today
2025 LIV Golf Virginia prize money payouts for each LIV Golf player at Robert Trent Jones Golf Club
2025 LIV Golf Virginia prize money payouts for each LIV Golf player at Robert Trent Jones Golf Club LIV Golf is Joaquin Niemann's world, everyone else is just living in it. The Chilean secured his fourth victory this year in eight LIV Golf events, taking the individual title Sunday at LIV Golf Virginia by a shot over Graeme McDowell. He heads to the U.S. Open having won three of his past five LIV Golf starts and coming off his best finish in a major yet, a T-8 finish in the PGA Championship at Quail Hollow. With the win, Niemann takes home $4 million of the $20 million purse. Meanwhile, Bryson DeChambeau's Crushers GC earned the team title for the second straight event and will split the $3 million that comes with it. Here's the breakdown of how much money each player and team earned at 2025 LIV Golf Virginia. LIV Golf Virginia 2025 prize money payouts Position Player Score Earnings 1 Joaquin Niemann -15 $4,000,000 T2 Graeme McDowell -14 $1,875,000 T2 Anirban Lahiri -14 $1,875,000 T4 Thomas Pieters -13 $775,000 T4 Bryson DeChambeau -13 $775,000 T4 Phil Mickelson -13 $775,000 T4 Bubba Watson -13 $775,000 T8 Jon Rahm -10 $483,750 T8 Martin Kaymer -10 $483,750 T10 Talor Gooch -9 $361,000 T10 Lee Westwood -9 $361,000 T10 Marc Leishman -9 $361,000 T10 Carlos Ortiz -9 $361,000 T10 Dustin Johnson -9 $361,000 T15 Brendan Steele -8 $285,000 T15 Sebastian Munoz -8 $285,000 T15 Tyrrell Hatton -8 $285,000 18 Harold Varner III -7 $270,000 T19 Paul Casey -6 $235,000 T19 Branden Grace -6 $235,000 T19 Ben Campbell -6 $235,000 T19 Abraham Ancer -6 $235,000 T23 Jason Kokrak -5 $193,333 T23 Louis Oosthuizen -5 $193,333 T23 Patrick Reed -5 $193,333 T23 Dean Burmester -5 $193,333 T23 Cameron Smith -5 $193,333 T23 Jinichiro Kozuma -5 $193,333 T29 Cameron Tringale -4 $167,500 T29 Charl Schwartzel -4 $167,500 T29 Richard Bland -4 $167,500 T29 Adrian Meronk -4 $167,500 T33 Brooks Koepka -3 $148,200 T33 Charles Howell III -3 $148,200 T33 Peter Uihlein -3 $148,200 T33 Sam Horsfield -3 $148,200 T33 Luis Masaveu -3 $148,200 T38 Sergio Garcia -2 $136,500 T38 Kevin Na -2 $136,500 T38 Yubin Jang -2 $136,500 T38 Tom McKibbin -2 $136,500 42 Caleb Surratt -1 $130,000 43 Danny Lee 1 $128,000 T44 Anthony Kim 2 $126,500 T44 Henrik Stenson 2 $126,500 46 Lucas Herbert 3 $125,000 T47 Frederik Kjettrup 4 $121,500 T47 Ian Poulter 4 $121,500 49 Andy Ogletree 6 $60,000 T50 Miro Pereira 7 $56,667 T50 Matt Jones 7 $56,667 T50 Josele Ballester 7 $56,667 53 Max Lee 11 $50,000 LIV Golf Virginia 2025 team prize money payouts
