Image: Consejo Minero. A strike by workers for BHP's Escondida and Spence copper mines in Chile entered its fifth day on Monday, as the union awaited a decision by labor authorities over whether ...
Train drivers at BHP Group's Pilbara iron-ore operations in Western Australia have voted to strike on Friday for 24 hours, potentially cutting supply to the producer's Australian export hubs.
A sharp fall in the price of iron ore in Asia today undermined BHP, RIO and FMG. Energy stocks were lower on disappointing news from Strike. Last week's rally in several beaten down lithium and battery metals stocks appeared to fizzle. ... The short term uptrend is clearly moderating versus a very strong and well-established long term …
"Pilbara iron ore mine operators have had it their own way for a long time," said Busson, adding that the workers had been "very patient" while giving BHP opportunity to address their concerns. The miner's shares closed 0.5% lower at A$46.07. (By Rishav Chatterjee and Melanie Burton; Editing by Janane Venkatraman and Jamie Freed)
Mt Whaleback iron ore mine is a part of an 85:15 joint venture between BHP and Mitsui and ITOCHU. 1968 The mine was opened in 1968. 1.6t It takes around 1.6 tonnes of iron ore to produce one tonne of steel. …
BEIJING - The world's top listed miner BHP Group said on Tuesday it had made its first yuan-denominated sale of iron ore to China Baoshan Iron & Steel Co Ltd, known as Baosteel, and would explore using blockchain for such transactions in future. The deal, worth nearly 100 million yuan ($14.10 million), shows the Chinese currency is …
20 September 2023. 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 BHP's 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 ...
Our iron ore business includes integrated iron ore mines, rail and port operations in the Pilbara region of Western Australia. If you would like to lodge a complaint or concern linked to our operations, please feel free to contact the BHP Community Contact Line on 1800 421 077 - 24 hours a day, 7 days a week. South Flank. Jimblebar.
The world's top listed miner BHP Group
He said it was "not significant" against the total sales under the long-term contract. BHP Billiton's iron ore chief, Graeme Hunt, said the partners in the new Wheelarra joint venture would sell ...
The proposed agreement aims to replace the existing locomotive drivers contract from 2014, affecting approximately 500 drivers who operate iron ore trains from BHP's Pilbara mines to Port Hedland.
BHP Billiton today announced that it had reached agreement with a significant number of customers throughout Asia to move existing iron ore contracts that were previously priced annually onto a shorter term landed price equivalent basis. The agreements reached represent the majority of BHP Billiton's iron ore sales volume.
In FY2021, our tax, royalty and other payments to governments totalled US$11.1 billion. Of this, 84.7 per cent or US$9.4 billion was paid in Australia. Our global adjusted effective tax rate in FY2021 was 34.1 per …
Slide 10,23,30: 2021 Carbon Intensity for Seaborne Iron Ore is detailed on slide 25. Slide 10: Nature positive is defined by the WBCSD / TNFD as "A high-level goal and concept describing a future state of nature (e.g., biodiversity, ecosystem services and natural capital) which is greater than the current state.".
The Platts 65% Fe iron ore price rose from US$111/t in the December quarter of 2022 to US$139/t by December 2023, with MGX pulling in an average of US$128/t in the last three months and US$116/t on average over the totality of 2023. "Mount Gibson delivered a strong operating and financial performance in the December …
Iron ore. In the first half of financial year 2023 iron ore prices (62%, CFR, Argus) traded their narrowest range since the second half of financial 2020. The 62% index ranged between $79/dmt and $120/dmt, averaging around $101/dmt. Half–on–half average prices were –28% lower than the second half of financial 2022.
Monica Gameng | October 4, 2018. BHP Billiton Iron Ore Pty Ltd has awarded a three-year general maintenance services contract to Downer EDI for works at its Western Australia Iron Ore (WAIO) operations located in Port Hedland. "This new contract is testament to our Asset Services capabilities, as well as the high standards of work we provide ...
BHP's iron ore operations in Western Australia state's Pilbara region include four processing hubs and five mines, connected by more than 1 000 km of rail infrastructure and port facilities.
Iron ore is BHP's biggest product, accounting for 68% of the group's underlying profits. ... "In the near term, we expect broad-based end-user demand growth in China to continue, albeit at a ...
Safety operators are threatening to strike at Australian resources firm BHP's coking coal mines in Queensland, while train drivers at its iron ore operations in Western Australia (WA) are holding off on their proposed industrial action. Around 70-80 open cut overseers (OCOs) at the five BHP Mitsubishi Alliance (BMA) coal mines of Daunia ...
The iron ore export market is dominated by three producers: Vale of Brazil, and Rio and BHP of Australia. Spot-based pricing draws greater attention to basic supply and demand, leading to fears ...
SINGAPORE/SHANGHAI, May 30 (Reuters) - Chinese steel mills are cutting back on long-term iron ore contracts in favour of cheaper spot cargoes, confident that beaten-down prices are unlikely to rebound amid the first global ore surplus in 10 years. Miners in Australia and Brazil, who for years have earned massive profits from China's insatiable …
The China Iron & Steel Association (CISA) says it had a 'candid exchange of views' with BHP on soaring iron ore prices, as domestic crude steel production is on track for a record year.
09 February 2024. Australia's two largest iron ore producers and its biggest steelmaker have partnered in their efforts to accelerate the decarbonisation of steelmaking by agreeing to jointly investigate the development of the country's first ironmaking electric smelting furnace (ESF) pilot plant. Under a new framework agreement, Rio Tinto ...
MEU and BHP Iron Ore have been bargaining for nearly two years for a replacement for the BHP Billiton Iron Ore Locomotive Drivers Agreement 2014. The agreement covers about 500 drivers who operate trains carrying iron ore from BHP's Pilbara mines around Newman to Port Hedland.
Multinational commodities giant BHP has awarded engineering and construction company Downer Group with a two-year contract for its Western Australia iron ore sites. The company received several contracts in the power generation, oil and gas, and industrial sectors, which are together valued at approximately A$324m ($231.6m).
Iron ore train drivers in the Pilbara have notified BHP they will take a 24-hour stoppage this Friday as part of their industrial campaign to secure an improved enterprise agreement, with a senior ...
Iron ore train drivers at BHP Group's Pilbara operations in Western Australia have voted to strike on Friday in a bid to secure an improved employment agreement, the country's Mining and Energy ...
BHP Billiton 204.00 237.34 226.32 230.86 ... 2015). As a result, short-term price volatility is, on average, historically high, which is another distinctive feature when compared to other base metal ores. ... (Friday). This is the most liquid iron ore contract but it is not the only one available. Indeed, cash-settled contracts can also be ...
20 September 2022. BHP expects to halve emissions from the generation of electricity used to power its WA Iron Ore port facilities in Port Hedland by the end of 2024, following the signing of a large-scale renewable Power Purchase Agreement with Alinta Energy. The halving of reported emissions, based on current forecast demand and compared with ...
BHP Iron Ore Drivers have called off industrial action after reaching an in-principle agreement with BHP today. Mining and Energy Union Western Australian District Secretary, Greg Busson said that bargaining representatives were offered an industry leading agreement and would be withdrawing planned industrial action which was set to …
BHP's ambition is to create long-term relationships with Indigenous peoples based on trust and mutual benefit. Respecting and partnering with Indigenous peoples aligns with BHP's purpose of bringing people and resources together to build a better world, our focus on delivering long-term social value and our commitment to working with integrity.
In the medium to long–term, as described in our steel decarbonisation blogs (episodes 2 and 3 in our Pathways to Decarbonisation series) high quality iron ore fines and direct charge materials such as lump are important abatement sources for the blast–furnace steel making route during the optimisation phase of our three–stage Steel ...
In the integrated steelmaking route, iron ore containing ferrous oxides is converted to metallic iron inside the blast furnace via a chemical process called 'reduction'. Coal in the form of metallurgical coal and pulverised coal act as the active agents or 'reductants' that strip away oxygen from the iron ore to yield metallic iron ...
In the near term, iron ore prices might even rise to $150/t from the current spot price of $137/t, driven by seasonal supply disruptions in Brazil and Australia and restocking by Chinese steel ...
Fortescue has the best technicals of the major ASX iron ore stocks. ST/LT Trends: ️/⬆️. Price Action:📉. Candles:⬜⬛. View: From a purely technical perspective, FMG is the pick of the ASX iron ore majors. It has experienced the shallowest move below its short-term trend ribbon, actually sneaking back above it in today's trading ...
BHP sees cost support for iron ore prices at between US$80-100/t; It suggests strong margins could remain in place for a while, even as majors look to ramp up iron ore supply and questions hover over Chinese steel demand; ... BHP) top brass are now more confident that in the short and medium term it's more like US$80-100/t.
BHP's second-quarter discounts are reasonable because they are in line with spot market levels, a Chinese trader said. The Argus value-in-market (ViM) adjustment for 62pc basis MACF puts it at a $4.75/dry metric tonne (dmt), or 5pc, discount to the $86.70/dmt Argus 62pc ICX index yesterday. The ViM brand differential for 62pc basis …
