Combined BHP Ports Unions will take top global miner BHP to arbitration after the two parties failed to agree on terms for a new wage deal for its Port Hedland iron ore operations in Western Australia, the union said on Tuesday.
An Australian mining union is funding a class action against BHP that could cover up to 7,000 workers employed by the miner's labour hire subsidiaries.
Talks between BHP and unions representing workers at the mining giant's Port Hedland iron ore operations in Western Australia ended without a deal, with further negotiations scheduled for next week, the parties said on Tuesday.
Investors looking to capitalize on the artificial intelligence infrastructure boom have increasingly turned to basic materials, and industrial metals—copper chief among them—are having a moment few saw coming even a year ago. What started as a trade-policy story has fused with a structural demand story, and the combination is rewriting price records almost weekly.
BHP sharpens its copper-led growth strategy while emphasizing cost discipline, project execution and higher operating performance.
BHP Group Limited is now primarily a copper-driven company, with copper generating over half of FY2026 EBITDA. FY2026 results showed 30% profit growth, 83% higher free cash flow, and a 56% dividend increase, supporting a 'Buy' rating. BHP's aggressive copper growth plan targets a 40% production increase by FY2035, funded by strong cash flows and disciplined CapEx.
BHP Group Limited (BHP) Q4 2026 Earnings Call Prepared Remarks Transcript
BHP Group NYSE: BHP reported higher earnings, cash flow and shareholder returns for fiscal 2026, supported by stronger copper prices, record iron ore production in Western Australia and continued cost discipline across its portfolio.
Brandon Craig, CEO of BHP, sees strong copper demand outpacing supply as AI and global growth drive consumption, while steel remains resilient and potash offers long term growth.
BHP Ports Unions said on Tuesday that it had not reached an agreement with BHP on a wage deal for workers at the Port Hedland operations in Western Australia.
The world's biggest miner by market value reported a 9% increase in annual net profit and an even bigger gain in underlying earnings as prices of copper surged to all-time highs.
BHP Group reported better-than-expected full-year earnings and declared its highest annual dividend in four years, boosted by record copper prices that cemented the red metal's lead over iron ore as the miner's biggest earnings driver.