BHP Australia iron ore rail workers approve industrial action ...Sat, 28 Oct 2023 00:00:00 GMT
Nearly 350 BHP iron ore rail workers in Australia, including train drivers, have approved industrial action plans that could include work stoppages of up to 24 hours due to disputes over pay and conditions, voting results showed. The work stoppages could impact its operations at the worlds largest iron ore export hub at Port Hedland. BHPs iron ore operations in Western Australia states Pilbara region include four processing hubs and five mines, connected by more than 1,000 kms (621 miles)
BHP celebrates delivery of three billion tonnes of iron ore to ...Thu, 21 Sep 2023 00:00:00 GMT
BHP has officially celebrated the shipment of three billion tonnes of high-quality iron ore to China, hosting key customer representatives on a tour of BHPs Pilbara and Port Hedland operations in Western Australia, and at a gala event in Perth. BHP Chief Commercial Officer Vandita Pant and Asset President WA Iron Ore Brandon Craig were joined by China Iron and Steel Association Vice Chairman Luo Tiejun and key customer representatives at the Mining Area C and South Flank mine sites in the
Iron ore rally defies gloomy Chinese economic outlookMon, 04 Sep 2023 00:00:00 GMT
Iron ore prices have rallied despite flagging steel demand from the ailing Chinese property sector as Chinese mills maintain output in the absence of a firm government production cap and replenish low inventories of the raw material. The rising prices are a boon for global miners such as Vale and BHP and bolsters BHPs view from last week that China, the worlds biggest iron ore consumer and steelmaker, will still produce more than a billion tons of steel this year. The surge runs counter to
Iron ore dips as traders seek China stimulus detailsFri, 28 Jul 2023 00:00:00 GMT
Iron ore futures dipped on Thursday, with the Dalian benchmark retreating from a three-day advance spurred by Chinas pledge to step up support for the struggling property sector as traders sought details of policy measures and further action. Prospects of increased supply of the steelmaking ingredient also weighed on prices as miner Fortescue FMG.AX forecast higher shipments for the 2024 fiscal year, adding to increasing deliveries by peers Rio Tinto RIO.AX and BHP Group BHP.AX The
BHP posts record full-year iron ore output, flags rising costsFri, 21 Jul 2023 00:00:00 GMT
BHP Group on Thursday reported its highest ever annual iron ore production, helped by the continued ramp up at its South Flank operations in Western Australia but flagged it faces rising costs. The worlds largest listed miner said unit costs at its Western Australia iron ore operations and Chilean copper mine Escondida are expected to be towards the upper end of forecast ranges, but said capital and exploration spending would be below annual guidance, partly due to foreign exchange
JSW eyes coal mines of Australia's BHP Group in potential $1.5-2 ...Mon, 22 May 2023 00:00:00 GMT
JSW Group is reportedly eyeing the purchase of two coking coal mines in Australia from BHP Group in a potential $1.5-2bn deal, to fuel its blast furnaces. JSW at its current capacity needs 18 mt of coking coal per annum. To achieve 25% of integration, the company requires about 4.5 mt of captive coking coal but that kind of supply is not available in India. Hence the hunt for global assets.
BHP qtrly iron ore output slips on one-day suspension in Western ...Fri, 21 Apr 2023 00:00:00 GMT
Global miner BHP Group Ltd said on Friday its third-quarter iron ore output fell 0.7% from a year earlier, hurt by a 24-hour suspension of its Western Australia operations due to a fatality at the site. The worlds largest listed miner said iron ore production from mines it operates in Western Australia was 66.2 million tonnes (Mt) during the three months ended March 31, compared with 66.7 Mt a yearearlier. Morgan Stanley was estimating production of 67.4 Mt. Prices of iron ore rose in the
Billionaire mining tycoon Anil Agarwal fights to clear Vedantas ...Wed, 29 Mar 2023 00:00:00 GMT
Agarwal is facing one of his toughest acts yet. The tycoons Vedanta Resources Ltd. has close to $2 billion of bonds to settle in 2024 half of which is due in January. Short of that, his London-headquartered company risks getting cut deeper into junk and losing crucial access to funding. Thats bad news for one of Indias richest men, who has long dreamed of competing against Glencore Plc and BHP Billiton as the worlds dominant natural resources supplier.
BHP to trial carbon capture with Chinese steel firm HBISTue, 28 Mar 2023 00:00:00 GMT
Global miner BHP Group Ltd and Chinese steel company HBIS Group Co Ltd have agreed to trial carbon capture, utilisation and storage (CCUS) technologies at the Chinese firms steel mills, the companies said on Monday. The project will develop and test technologies that can be integrated into steel production processes to reduce carbon dioxide (CO2) emissions, BHP said in a statement. HBIS will also pilot test options to use captured CO2 to produce saleable products and to store CO2 in waste
Iron Ore Futures Prices Fluctuate Upwards in FebThu, 09 Mar 2023 00:00:00 GMT
In early February, the market sentiment was relatively optimistic following the futures prices. The BHP Billiton railway accident was expected to affect iron ore shipments in the short term. Under these circumstances, iron ore prices rose. Besides, the supporting real estate and infrastructure-related policies in China and the higher-than-expected US CPI data boosted the traders confidence. However, the relevant departments have issued price controls frequently. News of the increase i
BHP eats its greensFri, 24 Feb 2023 00:00:00 GMT
Mining giant BHP is trialling a new fuel alternative at its Yandi iron ore operations in WA, and its made from vegetable oil.
BHP secures Traditional Owner contract in WAMon, 20 Feb 2023 00:00:00 GMT
BHP has signed a contract with a Pilbara Traditional Owner business for the supply of up to 4000 tyres a year for use across its Western Australia Iron Ore (WAIO) mining operations.
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