BHP achieves record FY26 iron ore production on strong WAIO performance, meets annual guidance and outlines production targets for FY27.
BHP Group reported a bigger-than-expected drop in fourth-quarter copper production on Thursday, hurt by lower production at Escondida and Pampa Norte, and also flagged an expected decline in Chilean copper production for next year.
BHP workers and their elected representatives have not reached an agreement, the Combined BHP Ports Union said on Tuesday, adding that the two groups intend to proceed with a protected industrial strike on Thursday, July 16.
Workers at BHP's Port Hedland operations in Western Australia gave notice of an eight-hour work stoppage on Wednesday set for July 16, which is expected to disrupt daily revenue of A$120 million ($83.16 million) worth of iron ore.
Workers at BHP's South Flank and Mining Area C iron ore operations in Western Australia have voted to approve a new labour agreement, unions said on Friday, while noting that many remained dissatisfied with the deal.
Incoming BHP Group chief executive, Brandon Craig, will split his recent role overseeing the company's Americas operations in two, sharpening focus on North and South America.
Newly minted BHP CEO Brandon Craig faces a crowded in-tray as he takes mining's top job on July 1, from threatened iron ore strikes and ballooning costs to a potential uranium push and a febrile M&A backdrop that could yield fresh opportunities.
BHP Group raises Jansen Stage 2 investment to $6.9B after a detailed review, with first production expected in late FY31.
BHP Group Ltd (LSE:BHP, ASX:BHP) shares saw their largest one-day drop in 14 months on Friday after the miner disclosed a US$2.3 billion write-down tied to its Jansen potash project in Saskatchewan, Canada, citing higher costs and schedule delays. Shares of the Melbourne-based company fell 5.6% in Sydney trading to about $61 following the announcement, made late on Thursday.
BHP Group on Thursday warned of cost overruns at its Jansen Stage 2 potash project in Canada and said it will book a $2.3 billion charge as higher costs and additional labour hours drive up spending and delay first production.
The miner said an expansion of its potash project in Canada will cost $2 billion more than expected.
Miner BHP is gearing up to sell its power transmission lines in Chile as it refocuses toward copper mining in the country, newspaper Diario Financiero reported on Wednesday, citing sources.