BHP Mining

The numerical scale surrounding the Simandou iron ore project in Guinea borders on the extraordinary, with projections that push the limits of global raw-materials logistics. Rio Tinto, positioned as the principal investor in one segment of the vast deposit, anticipates that its allocated section will generate close to 10 million tonnes of premium-grade iron ore in 2026, followed by a staged escalation to roughly 60 million tonnes over the subsequent three years. With the integrated Simandou system potentially reaching a peak of approximately 120 million tonnes of annual output, the project carries the capacity to fundamentally reshape global seaborne iron ore patterns. When viewed through the lens of maritime trade, it becomes clear that worldwide iron ore consumption is highly unlikely to expand quickly enough to absorb the full 120 million tonnes of fresh supply emerging from Guinea. The essential strategic question becomes which producers will be forced to yield market share. If China’s domestic mining output were to be displaced first, the result would be the most favourable for dry bulk carrier dynamics. Yet with China currently generating around 200 million tonnes of iron ore (measured by equivalent iron content), replacing nearly 60% of that output within only three years would be a monumental and operationally challenging undertaking. The next most supportive scenario for dry bulk carrier tonne-mile demand would involve Guinean ore taking market share at the expense of Australian exports. To this must be added the structural inefficiencies of extended port waiting times along the Guinean coastline, which contrast sharply with the rapid turnaround typically seen at Australian loading terminals. One of the most significant variables in this equation is BHP Mining — formerly operating under the widely recognised name BHP Billiton — a company that stands at the core of the Australian iron ore landscape. BHP Billiton, founded through the merger of Broken Hill Proprietary and Billiton in 2001, evolved into one of the world’s most influential diversified mining groups, with operations spanning iron ore, metallurgical coal, copper, nickel, uranium, and other critical commodities. BHP Billiton became a dominant player in the Pilbara region through sustained investment in large-scale open-pit mines, advanced rail systems, and high-capacity port terminals. Over two decades, BHP Billiton shaped the structure of the global iron ore trade with its low-cost supply model, long-term contractual relationships with Chinese steel mills, and extensive operational synergies across its Western Australian hubs. The transition from BHP Billiton to the simplified brand BHP Mining reflected a strategic corporate refocus, yet its influence on iron ore pricing, contract negotiations, and supply diversification remains foundational to China’s procurement strategy. Its integrated supply chain, production efficiency, and capital strength allow BHP Mining to remain one of the most cost-competitive producers globally. This is precisely why tensions in recent pricing discussions between Chinese steelmakers and BHP Mining have heightened concerns in Beijing regarding over-dependence on a single supplier. The historical backdrop also matters: BHP Billiton was central to the shift from long-term annual benchmark pricing toward a more flexible market-linked index system, a reform that China opposed but ultimately had to accept. Today, BHP Mining’s broad shareholder base, strong financial performance, and expertise in large-scale commodity logistics make it a crucial reference point when evaluating the risk of displacement from the booming Simandou iron ore project. Although China aims to diversify raw-material sources away from suppliers perceived to have closer alignment with United States geopolitical priorities, BHP Mining remains deeply embedded in China’s industrial supply chain and continues to maintain substantial long-term investment in Pilbara operations. It is therefore not a straightforward assumption that Chinese buyers will sharply reduce reliance on Australian ore. Indeed, China recently agreed to price one-third of its spot-market purchases from BHP Billiton in Yuan, signalling that commercial interdependence between the two remains extremely strong and will not be easily unwound. Even under an aggressive scenario in which 120 million tonnes of Australia-to-China iron ore flows are replaced entirely by Guinea-to-China routes, adjusted for significantly longer distances and extended port delays, the global fleet would absorb about 18.7 million DWT of capesize bulk carrier utilisation—roughly equivalent to 100 additional ships absorbed over three years. However, with nearly 45 million DWT of capesize bulk carriers scheduled for delivery by 2028—over twice the absorption figure—the introduction of Simandou volumes alone is insufficient to create a sustainably bullish environment for capesize bulk carrier freight markets. In reality, the arrival of Simandou volumes will not displace a single dominant supplier but rather induce widespread turbulence across the entire mosaic of international producers. Iron ore prices will likely experience downward pressure as higher-cost producers around the world lose competitiveness. China and Australia will bear the greatest impact, but producers in India, Africa, and small mining jurisdictions may also face margin compression. Additional structural forces will further modify the balance, including China’s evolving steel-industry consumption and greater export availability from Brazil’s major mining groups. China’s domestic iron ore output is projected to fall by roughly one-third within the next three years, while Australian exports are forecast to contract by approximately 8%—together reflecting about 140 million tonnes of lost supply. These reductions will be counterbalanced by the emergence of Simandou and other incremental volumes from smaller producers. Even with these changes, China’s total iron ore import volumes in 2028 are expected to be only about 20 million tonnes higher than in 2025, and soon thereafter are projected to enter a long-term decline as China’s steel sector undergoes structural downsizing. From a global shipping perspective, total iron ore seaborne demand is expected to grow by just 13 million DWT between now and 2028, equivalent to approximately 72 additional capesize bulk carriers—far below the 45 million DWT of newbuilding capacity already on order. This raises the critical question of where the surplus capesize bulk carrier fleet will be deployed. Coal demand continues to decline, and China’s bauxite imports already exceed industrial consumption due to capped aluminium output and rising inventory levels—further limiting upside potential. This combination creates a distinctly bearish structural setup for capesize bulk carrier freight fundamentals, even when incorporating the massive Simandou iron ore project. Where then could genuine upside emerge? One credible pathway lies in a strategic shift by China toward iron ore stockpiling—replicating its approach to coal—using United States dollars to accumulate large volumes of foreign ore as a hedge against currency-risk exposure. Such a strategy would naturally support expansions by Australian miners, including BHP Mining, and represents a scenario with substantial plausibility. A second theoretical upside—an acceleration in China’s steel output—is significantly less likely given China’s deliberate transition away from infrastructure-driven growth and heavy-industrial capacity. India’s long-term infrastructure expansion will be meaningful but slower than China’s historic pace and is expected to rely more heavily on domestic iron ore production rather than massive levels of imported material. Possibly the most compelling upside factor is simple systemic disruption. Dislocation in trade routes, logistical inefficiencies, extreme weather events, political tensions, or sustained supply fragmentation often reduce the effectiveness of fleet deployment. Such conditions historically boost tonne-mile demand, elevate freight volatility and strengthen sentiment across the capesize bulk carrier market, even in structurally oversupplied environments. 17-November-2025

 

 

Australian mining powerhouse BHP Mining, which previously operated under the name BHP Billiton, is escalating its long-term expansion strategy across the Pilbara by committing an enormous A$1.4 billion investment into the enhancement and modernisation of Port Hedland’s export corridors, conveyor systems, berthing areas, and loading capacity. This ambitious infrastructure programme is designed to secure annual throughput levels close to 305 million tonnes per annum (Mtpa) and to reinforce BHP Mining’s status as one of the world’s most influential iron ore suppliers. By doubling down on large-scale capacity upgrades, BHP Mining is signalling steadfast confidence not only in its internal production capabilities but also in the resilience of Western Australia’s world-class mining belt, which continues to underpin global seaborne iron ore trade flows heading into 2026. BHP Mining’s strategic vision extends far beyond merely maintaining export volumes. The miner is actively pushing forward with technological advancements across its Pilbara operations, including autonomous haulage systems, artificial intelligence-powered ore handling, low-emission locomotives, and expanded renewable energy integration at its mines and rail networks. These initiatives are part of BHP Mining’s decarbonisation pathway, targeting significant emissions reductions while simultaneously lowering long-term operational expenditure. In addition, BHP Mining is strengthening its partnerships with local communities and Indigenous groups, expanding regional employment, and committing financial resources to training programmes and environmental stewardship initiatives. Beyond the Pilbara iron ore business, BHP Mining continues to refine its global portfolio, which includes copper, nickel, metallurgical coal, and potash—commodities closely tied to energy transition, electrification, and agricultural development. The organisation is investing heavily in exploration, ore grade optimisation, and mine-life extensions, while also deploying advanced digital systems to increase predictability in output and streamline supply chain efficiencies. With iron ore still serving as its revenue backbone, BHP Mining views sustaining high-quality production and export reliability as essential to its competitive advantage. Meanwhile, Brazilian mining leader Vale has continued to accelerate its own momentum, posting 94.4 million tonnes of iron ore production in Q3 2025—its strongest quarterly achievement since 2018—driven by recovered volumes in the Northern System and stabilised weather conditions across its major terminals. These developments, combined with rising loadings from Ponta da Madeira and Tubarao, highlight Brazil’s robust contribution to long-haul Atlantic-to-Asia trade routes. The long-anticipated Simandou mining project in Guinea is likewise gaining speed, making the shift from construction to early stockpiling, with first ore shipments expected in Q4 2025. This high-grade West African resource is widely expected to reconfigure global trade lanes, bringing a major new supply origin into the Chinese market and diversifying tonne-mile flows. For the dry bulk freight sector, expanding production from Australia, Brazil, and newly emerging West African exporters has already triggered a surge in tonne-days, which have climbed roughly 25–30% since the start of 2025. This rise reflects expanded long-haul cargo movements and higher capesize bulk carrier utilisation, supporting stronger capesize bulk carrier charter earnings and driving a sustained rebound in the Baltic Capesize Index (BCI). Ongoing output growth—particularly from projects like Simandou—will further reinforce tonne-mile demand and shift the balance of trade between the Atlantic and Pacific basins. Yet, this supply-side optimism clashes with weakening demand fundamentals in China. Despite being the world’s largest iron ore consumer, China continues to face deteriorating steel margins, depressed construction activity, and a sluggish property market, all of which are limiting steel mill restocking appetite. Iron ore imports into China have surged throughout 2025, consistently topping 2024 levels month after month. Shipments rose from around 115 million tonnes in February 2025 to more than 140 million tonnes by October 2025. However, this influx is colliding with seasonal steel production cutbacks, pushing port stockpiles higher and keeping spot prices under downward pressure. Adding to the shifting landscape, renewed discussions about transitioning iron ore pricing from U.S. dollars to yuan are resurfacing in Beijing. Should the initiative gain traction, it could represent a major geopolitical shift and influence how global financing, hedging, and benchmark pricing for iron ore evolve. In essence, the global iron ore sector faces a complex intersection: accelerating supply growth led by BHP Mining’s Pilbara upgrades, Vale’s strong performance, and Simandou’s emergence—all set against the backdrop of weakening Chinese steel demand and currency-driven strategic manoeuvring. For capesize bulk carrier shipowners, the outcome is likely to be continued volatility but also an expanding set of opportunities as tonne-mile demand increases and seaborne trade patterns shift more dramatically in the years ahead. 15-November-2025

 

 

A growing gap between environmental ambition and commercial reward is frustrating many in the global maritime sector, according to a comprehensive 37-page study released by vetting specialist RightShip. The report reveals that despite substantial investments by shipowners in greener, safer, and more socially responsible operations, financial acknowledgment from charterers remains limited. The research exposes a misalignment between sustainability ambition and market behavior, with only 27% of charterers surveyed saying they offer higher freight rates or preferential charter terms to ships that demonstrate superior environmental or safety performance. The detailed analysis, produced jointly with maritime consultancy Thetius, highlights a recurring paradox across the shipping sector: while a growing majority of shipowners voluntarily exceed regulatory benchmarks—73% in safety, 60% in environmental performance, and 67% in crew welfare—only a small minority of charterers are willing to translate that effort into tangible commercial benefit. The findings underscore a persistent lack of incentive for innovation and investment, leaving environmentally responsible shipowners at a competitive disadvantage in the freight market. “Shipowners say, pay me a premium for a greener ship. Fine. But unfortunately, there is currently no global regulatory or commercial system in place for end customers to pay for the total lifecycle emissions, including shipping emissions. So, it becomes our problem,” commented Prashanth Athipar, head of maritime safety and technical at Australian mining giant BHP Mining, previously known as BHP Billiton, in the report. His remarks encapsulate the growing challenge faced by large industrial cargo owners that depend heavily on seaborne logistics while being under increasing pressure to reduce Scope 3 emissions across their supply chains. BHP Mining, headquartered in Melbourne, Australia, stands among the world’s largest diversified natural resources corporations and one of the most influential charterers in the global dry bulk shipping market. With a vast commodity portfolio covering iron ore, metallurgical coal, copper, nickel, and potash, BHP Mining’s global operations span multiple continents, including extensive mining assets in Australia, Chile, and North America. The shipowner and charterer manages a colossal seaborne export network, moving hundreds of millions of tonnes of raw materials annually through major terminals such as Port Hedland in Western Australia—the world’s largest iron ore export hub. BHP Mining has long been recognized as a pioneer in integrating environmental, social, and governance (ESG) principles into maritime logistics. The company was among the earliest major charterers to introduce emissions-based vessel selection criteria, working in collaboration with RightShip to develop vessel vetting systems designed to measure and compare greenhouse gas (GHG) intensity across bulk carrier fleets. These initiatives helped standardize carbon-efficiency assessments throughout the shipping industry. BHP Mining also played a leading role in promoting fuel efficiency, supporting the use of LNG-fueled bulk carriers, and exploring biofuel and ammonia-ready newbuilding designs as part of its long-term decarbonization roadmap. Through its partnerships with global shipowners, including Japanese and Greek operators, BHP Mining has contracted modern bulk carriers built to the latest IMO standards, often incorporating advanced hull forms, waste-heat recovery systems, and optimized propulsion technologies to minimize carbon output. The mining giant’s sustainability initiatives extend beyond ship design—BHP Mining has also invested heavily in digital voyage optimization, AI-based weather routing, and slow-steaming protocols to reduce fuel consumption and emissions during operations. Despite its leadership in responsible chartering practices, BHP Mining continues to face challenges in securing broader industry alignment. As Prashanth Athipar’s remarks in the RightShip report reveal, the absence of a unified mechanism that allows end-users—steel producers, manufacturers, and consumers—to account for and offset maritime emissions creates a structural imbalance. Shipowners and charterers that voluntarily adopt higher standards often shoulder additional costs without receiving proportional financial benefit from the downstream market. The RightShip report describes this disconnect as a “recognition gap” within global shipping. “While safety is universally acknowledged as non-negotiable, in practice, it acts more like a threshold than a differentiator. Once a ship is deemed ‘safe enough,’ the balance of decision-making tips back toward cost and availability,” the report notes. This structural issue, RightShip warns, risks creating a “race to the bottom,” where commercial pressures discourage investment in innovation, environmental technologies, and advanced risk-reduction measures. Christopher Saunders, chief maritime officer at RightShip, emphasized that the industry’s progress remains stifled by fragmented data systems and inconsistent metrics. “Ambition is not yet reaching the fixture desk,” Saunders stated. “Shipowners are investing in safer operations, lower emissions, and better crew welfare, but the signals charterers rely on are fragmented. Our report shows the path to fix this: agree on what good looks like, make the data decision-grade, and reward leadership with real commercial advantages.” RightShip’s findings further underline the pivotal role that major industrial charterers such as BHP Mining can play in driving change. As one of the world’s largest users of dry bulk tonnage, BHP Mining’s procurement and vetting policies set industry benchmarks. The mining giant’s continued collaboration with RightShip, coupled with its adoption of lifecycle carbon accounting and digital transparency tools, is reshaping how shipowners approach fleet efficiency and environmental compliance. Founded in 2001 and headquartered in London, Melbourne, and Houston, RightShip remains one of the maritime industry’s most influential vetting, risk management, and sustainability assessment organizations. Its Safety Score, GHG Rating, and data-driven vetting systems are used globally by shipowners, charterers, and financiers to evaluate operational and environmental performance. Through its partnership with corporate stakeholders such as BHP Mining, RightShip has played a crucial role in aligning commercial practices with ESG objectives. Ultimately, the report concludes that without meaningful incentives and an industry-wide mechanism to price in sustainability and safety leadership, shipowners will continue to face financial disincentives for exceeding regulatory requirements. The experiences of proactive charterers like BHP Mining demonstrate both the possibilities and the limitations of voluntary action. For sustainable shipping to advance beyond rhetoric, RightShip argues, ambition must extend from boardrooms and operational frameworks to the fixture desks where commercial decisions are made—transforming responsible practice into measurable, rewarded value across the global supply chain. 13-November-2025

 

 

Australian mining giant BHP Mining, previously known as BHP Billiton, adopted a confident outlook on global iron ore demand on Tuesday despite warning of slowing economic momentum in China. The miner reported that its Q1 2025 iron ore production came in marginally below projections due to maintenance activity at Port Hedland. Overall, macroeconomic indicators for commodity consumption remain robust, with global growth forecasts trending higher. Earlier in October 2025, competitor Rio Tinto RIO highlighted that Chinese demand had gained traction as global economies accelerated investments in anticipation of upcoming tariffs. Australian mining giant BHP Mining, recognized as the world’s largest publicly traded miner, stated that total iron ore output from its Western Australia mining operations on a 100% basis reached 70.2 million metric tonnes (Mt) during the three months ending 30 September 2025, compared to 71.6 million metric tonnes (Mt) a year earlier. Sales volumes were largely consistent with 2024 levels, with Australian mining giant BHP Mining noting a 5% rise in sales of higher-value lump ore. The extensive refurbishment of Car Dumper 3 at Port Hedland, which temporarily reduced throughput by around 4.3 million tonnes on a 100% basis, was completed approximately 8% ahead of schedule, according to Australian mining giant BHP Mining. Car Dumper 3, an enormous piece of equipment designed to unload iron ore trains for export, has been rebuilt to extend its operational lifespan, enhance reliability, and maintain smooth export operations after years of continuous heavy use. Australian mining giant BHP Mining reaffirmed its fiscal 2026 output guidance for Western Australia iron ore, maintaining a target range between 284 million metric tonnes (Mt) and 296 million metric tonnes (Mt). During the quarter, Australian mining giant BHP Mining’s total copper production rose by 4% to 493.6 kilo tons, while maintaining its 2026 production outlook unchanged.In the copper segment, supply interruptions at rival mining operations have tightened global market dynamics, providing support to Australian mining giant BHP Mining’s premium asset portfolio. Although Australian mining giant BHP Mining continues to generate the majority of its income from iron ore, it has been accelerating its strategic expansion into copper, given the metal’s crucial role in advancing the global energy transition. Australian mining giant BHP Mining also reported steady advancement at its Jansen potash development in Canada, with Stage 1 reaching 73% completion and remaining on schedule for first production in 2027, while Stage 2 has advanced to 13% completion. 25-October-2025

 

Australia’s prime minister Anthony Albanese has intervened in the ongoing dispute between Australian mining powerhouse BHP Mining and China, as negotiations over iron ore pricing face mounting tension. Reports surfacing from Beijing suggest that China Mineral Resources Group (CMRG), the state-directed iron ore procurement body, has advised steelmakers and traders to temporarily halt the purchase of dollar-denominated shipments from BHP Mining, formerly known as BHP Billiton, following a breakdown in contract talks. Despite these reports, uncertainty remains, with several Chinese steel producers clarifying that they have not been ordered to stop sourcing BHP Mining iron ore cargoes outright. Anthony Albanese voiced his unease about the potential ramifications of the standoff, pointing out that uninterrupted flows of Australian iron ore into China underpin not only China’s massive industrial economy but also Australia’s financial health and trade balance. “I want to see Australian iron ore be able to be exported into China without hindrance. That is important. It makes a major contribution to China’s economy, but also to Australia’s,” the prime minister stated during a press conference. Concurrently, Australian Treasurer Jim Chalmers confirmed that he was arranging an urgent consultation with BHP Mining Chief Executive Officer Mike Henry to evaluate the situation and outline possible policy responses. BHP Mining, recognized as the world’s largest listed mining entity, declined to comment directly on the negotiation impasse, citing its established practice of refraining from public statements on sensitive commercial matters. The sheer scale of BHP Mining’s operations highlights the gravity of the dispute. In 2024 alone, BHP Mining exported approximately 290 million tonnes of iron ore, with around 85% of those shipments destined for Chinese buyers. This made up about 15% of global supply and contributed 10–11% of total tonne-mile demand, illustrating the mining giant’s unparalleled role in sustaining global dry bulk shipping flows. If disruptions persist, they could seriously impact not just iron ore trade but also dry bulk freight markets worldwide. Founded in 1885 as Broken Hill Proprietary in the silver, lead, and zinc mining town of Broken Hill, New South Wales, BHP Mining has grown from a regional miner into a diversified global resources powerhouse. Its transformation into a multinational group accelerated in the 20th century with expansions into steel production, oil, gas, and copper. In 2001, BHP merged with Billiton, a mining group with South African and Dutch roots, creating one of the largest resource conglomerates in history under the banner BHP Billiton. In 2017, the organization simplified its branding to BHP Mining, reflecting a focus on core resources and a streamlined identity. Today, headquartered in Melbourne, BHP Mining operates across multiple continents with key production centers in Australia, the Americas, and Africa. BHP Mining’s primary commodities include iron ore, copper, nickel, metallurgical coal, and potash, each integral to global supply chains and industrial development. Iron ore has long been the cornerstone of its earnings, driven by demand from Chinese steel production. Its Pilbara operations in Western Australia, including giant mines like Newman, Jimblebar, and Area C, are among the most productive mining complexes in the world, underpinned by advanced automation, rail infrastructure, and port facilities at Port Hedland. Beyond iron ore, BHP Mining is one of the largest copper producers, operating massive assets such as Escondida in Chile and Olympic Dam in South Australia. These resources play a pivotal role in the global energy transition, feeding the surging need for copper in renewable power systems and electric vehicles. The group is also heavily investing in potash projects like Jansen in Canada, positioning itself for long-term growth in the agricultural sector. nvironmental responsibility has become a defining challenge and strategic priority for BHP Mining. The organization has committed to achieving net-zero operational greenhouse gas emissions by 2050 and is investing heavily in carbon abatement technologies, renewable power supply for its mining operations, and partnerships aimed at developing low-carbon steelmaking pathways. BHP Mining has collaborated with major Asian steelmakers to trial carbon capture, utilization, and storage, as well as hydrogen-based technologies. It is also one of the leading adopters of electrification for haulage fleets and is pushing for the wider use of LNG- and ammonia-fueled bulk carriers to reduce maritime shipping emissions from its supply chain. On the financial side, BHP Mining is renowned for its strong balance sheet, disciplined capital allocation, and commitment to returning capital to shareholders through dividends and buybacks. In fiscal 2024, BHP Mining generated billions in revenue, with iron ore alone contributing a significant majority of underlying EBITDA. Its ability to generate substantial free cash flow has allowed BHP Mining to continue expanding projects while maintaining a conservative debt profile. Analysts frequently highlight BHP Mining as one of the most resilient and profitable players in the cyclical mining industry. The confrontation with China highlights both BHP Mining’s importance and its vulnerabilities. With China accounting for nearly three-quarters of global seaborne iron ore demand, Beijing wields significant leverage. At the same time, BHP Mining remains indispensable, as replacing its tonnage in the short term is logistically and commercially unfeasible. Longer-term alternatives such as Brazilian suppliers or Guinea’s Simandou deposits could eventually rebalance the market, but those developments remain years away. This underlines how central BHP Mining is to global commodity security and trade flows. China Mineral Resources Group (CMRG), created in 2022, was designed precisely to consolidate buying power, manage overseas mining investments, and reduce exposure to dollar-denominated transactions. By pushing suppliers like BHP Mining toward Yuan-based contracts, Beijing seeks to shield its economy from geopolitical risks linked to the US dollar payment system. For BHP Mining, these pressures reflect not only a commercial challenge but also a geopolitical test, requiring it to navigate shifting trade policies, global power dynamics, and the broader evolution of international commodity markets. Ultimately, BHP Mining’s centrality to both Australia’s economy and the world’s industrial future ensures that disputes like the current one will resonate far beyond iron ore pricing. With its unmatched production scale, diversified portfolio, financial strength, and commitment to decarbonization, BHP Mining remains one of the defining players in the global resource sector. The standoff with China underscores the fragile balance between dependence and influence that will continue to shape BHP Mining’s trajectory in the decades ahead. 3-October-2025

 

China has suspended the purchase of bulk cargoes from Australian mining giant BHP Mining, formerly recognized under its earlier name BHP Billiton, after negotiations over contract renewals came to a standstill. Chinese steel producers and trading entities have received direct instructions to halt buying shipments from BHP Mining, marking an escalation in the ongoing dispute. The move was initiated by state-run iron ore procurement body China Mineral Resources Group (CMRG), which imposed the temporary suspension as a consequence of stalled discussions regarding long-term supply arrangements. The halt underscores the strategic significance of BHP Mining to global commodities, as it is not only one of the largest mining groups in Australia but also one of the most influential players in the international iron ore, copper, coal, and nickel markets. BHP Mining, with headquarters in Melbourne, is widely regarded as one of the world’s top diversified mining corporations, having a legacy that stretches back to the mid-19th century. The group was formed through the merger of Broken Hill Proprietary Company Limited (BHP) and Billiton in 2001, creating a powerhouse in the mining sector. Over time, BHP Billiton simplified its name to BHP Mining, reflecting a sharper identity while maintaining its immense global footprint. BHP Mining is among the largest suppliers of seaborne iron ore, competing with other giants such as Rio Tinto and Vale, and its output plays a pivotal role in feeding the steel mills of China, which remains the largest consumer of iron ore in the world. The current disruption in Chinese imports from BHP Mining carries wider implications, given that China has historically been the single largest market for BHP Mining’s iron ore exports, primarily sourced from its Western Australian mines in the Pilbara region. Beyond iron ore, BHP Mining is also a significant force in copper production, operating major mines in Chile such as Escondida, as well as in coal and nickel extraction, both of which are crucial for industrial supply chains and the energy transition. In recent years, BHP Mining has increasingly shifted focus toward materials critical for renewable energy and electrification, including copper and nickel, aligning its long-term portfolio with decarbonisation trends. Under the leadership of its executive team, BHP Mining has pursued efficiency, sustainability, and technological advancement, investing in autonomous trucks, digital mine management, and renewable energy integration within its mining operations. The group has also divested certain fossil fuel assets to streamline its portfolio toward commodities considered essential for the global energy transition. BHP Mining’s financial strength, with annual revenues surpassing tens of billions of dollars, provides it with resilience against market fluctuations, but challenges such as this contract standoff with China highlight the geopolitical and commercial risks tied to its heavy reliance on Chinese demand. The suspension imposed by China Mineral Resources Group (CMRG) adds to a long history of tense negotiations between Chinese buyers and Australian miners, reflecting broader trade sensitivities between Beijing and Canberra. For BHP Mining, the outcome of these talks will be critical not only for immediate revenue streams but also for maintaining its position as a cornerstone supplier in the global steel and commodities value chain. The temporary halt of cargoes to China may be resolved if new contractual terms are agreed upon, but it also signals how vulnerable even the most powerful mining corporations are to political and market dynamics. In this context, the situation underscores the dual identity of BHP Mining: a dominant force with unmatched scale and resources, yet deeply intertwined with the complexities of international trade and shifting geopolitical alliances. 30-September-2025

 

Global mining group Anglo American and Canadian mining group Teck Resources have finalized an agreement to merge, establishing one of the world’s largest copper-focused producers with a combined market capitalization surpassing $53 billion. The new entity will be named Anglo Teck and will immediately rank among the top five copper producers worldwide, with copper accounting for more than 70% of its portfolio, while still retaining important operations in iron ore and zinc. Under the agreed terms, shareholders of Anglo American will hold approximately 62.4% of the merged group, while Teck Resources investors will own 37.6%. Before the transaction is completed, Anglo American intends to distribute a special dividend worth $4.5 billion, equivalent to about $4.19 per share. The boards of Anglo American and Teck Resources have unanimously approved the merger, which is expected to close within 12 to 18 months, pending regulatory and shareholder approvals. Anglo Teck’s copper production is projected at 1.2 million tonnes annually, with output forecast to grow to 1.35 million tonnes by 2027. Six producing copper mines will serve as the foundation of its portfolio, supplemented by expansion and development projects in the Americas and southern Africa. By year four following completion, annual pre-tax cost savings are expected to reach $800 million. From 2030 through 2049, an additional $1.4 billion in yearly EBITDA gains are forecast from integrating operations at Chile’s neighbouring Collahuasi and Quebrada Blanca mines, which could add approximately 175,000 tonnes of extra copper output annually. The group will establish its headquarters in Vancouver, supported by corporate offices in London and Johannesburg. Anglo American CEO Duncan Wanblad will serve as Chief Executive Officer of Anglo Teck, while Teck Resources CEO Jonathan Price will assume the role of Deputy CEO. John Heasley has been appointed Chief Financial Officer, and Sheila Murray will chair the board. Both Anglo American and Teck Resources have emphasized the strategic rationale of the merger. “We are unlocking outstanding value in both the short term and long term, creating a global leader in critical minerals,” stated Duncan Wanblad. Jonathan Price added that the deal “creates a top-five global copper producer with world-class mining and processing assets.” Anglo Teck has pledged to invest approximately C$4.5 billion in Canada over the next five years, focusing on mine extensions, enhanced copper processing facilities at Trail, and new projects in British Columbia. The group has further committed to maintaining employment levels and upholding agreements with indigenous governments and local communities. The merged company will seek listings in London, Johannesburg, Toronto, and New York, thereby ensuring access to the most significant global mining finance hubs. This agreement follows a period of restructuring and portfolio optimization, with Anglo American spinning off or selling its coal and nickel operations, and Teck Resources simplifying its business profile. Both groups have been the focus of takeover interest in recent years. Glencore attempted to acquire Teck Resources, while BHP Mining, one of the world’s largest diversified mining groups, expressed strong interest in Anglo American. BHP Mining, headquartered in Melbourne, Australia, has a global footprint with operations spanning copper, iron ore, coal, potash, and nickel. BHP Mining has been strategically repositioning itself as a major supplier of future-facing commodities, particularly copper and nickel, which are essential for electrification and renewable energy technologies. In recent years, BHP Mining divested its oil and gas business through a merger with Woodside Petroleum and has focused heavily on expanding its copper and potash portfolios. Its flagship copper operations include Escondida in Chile, the world’s largest copper mine, and Olympic Dam in Australia. BHP Mining’s earlier interest in Anglo American highlighted the strategic importance of copper, as acquiring Anglo American would have provided access to high-grade South American copper assets and strengthened its dominance in the red metal. Although the Anglo American–Teck Resources deal reshapes the competitive landscape, BHP Mining remains a formidable rival with unmatched scale, financial strength, and a proven track record of integrating large assets. The formation of Anglo Teck creates another heavyweight competitor positioned to challenge BHP Mining’s market position in copper, intensifying competition among the world’s largest mining groups for critical minerals vital to the global energy transition. If approvals move forward as planned, Anglo Teck will emerge as one of the most copper-oriented mining groups globally, while BHP Mining continues to leverage its diversified base and scale to maintain its leadership in the evolving commodities sector. 9-September-2025

 

Australian mining giant BHP Mining, formerly known as BHP Billiton, stated that the escalating trade war poses risks to the global economy and stressed the importance of adaptation to sustain global growth, as the company reported a slight decrease in iron ore production for the third quarter. BHP Mining explained that the immediate impact of the tariffs recently imposed by U.S. President Donald Trump was limited, although U.S. President Donald Trump has since postponed some of the tariffs while raising others targeting China. These tariffs include steel from China, which is a critical market for Australian mining giant BHP Mining’s key export, iron ore. BHP Mining Chief Executive Officer Mike Henry said that “China’s ability to transition toward a consumption-driven economy and the flexibility of trade flows to adjust to the changing environment will be crucial to maintaining a positive global outlook.” His comments were made as the company released quarterly results showing a slight decline in iron ore output and a rise in copper production, the latter of which is also subject to a U.S. tariff investigation. The reduction in iron ore production was attributed to cyclone-related disruptions, while the company indicated that 2025 copper output from its Chilean operations is expected to fall within the upper half of its forecast range, supported by ramp-up activities at the Escondida mine. The world’s largest publicly listed miner, BHP Mining, was forced to suspend operations at Port Hedland—the largest iron ore export terminal globally—due to Cyclone Zelia’s impact on the Pilbara region in Western Australia in February, following earlier disruptions from Cyclone Sean in January 2025. Despite the weather-related interruptions, BHP Mining achieved record output over the nine-month period from its Pilbara operations, driven by strong contributions from South Flank and Mining Area C, supported by the full ramp-up of South Flank last year and a 13% increase in mining activity. Copper production rose by 10% to 513,200 metric tons during the quarter, primarily due to a 20% increase at the Escondida mine in Chile, which benefited from improved operational efficiency. BHP Mining stated that it expects to achieve its fiscal 2025 unit cost targets across all assets, with the exception of the BMA coal joint venture, where costs are forecast to rise due to adverse weather conditions and geological issues at the Broadmeadow mine. BHP Mining continues to allocate iron ore revenues—which still represent over half of its total earnings—toward expanding its copper and potash projects as part of its broader strategy to benefit from the global energy transition. Iron ore production from BHP Mining’s operations in Western Australia declined to 67.8 million tons in the quarter ending March 31, compared to 68.1 million tons during the same period the previous year. 19-April-2025

 

BHP Group (ASX: BHP), the largest mining company globally, is considering the spin-off of its iron ore and coal operations as a part of its medium-term strategy for growth. This move aligns with BHP’s ambition to transform into a more environmentally conscious miner, focusing on commodities like potash and copper, which are essential for the future. This strategic shift would involve moving away from iron ore and coal, which have been fundamental to BHP’s operations for many years. Currently, BHP Mining, formerly known as BHP Billiton and the world’s third-largest iron ore producer, operates five mines in Western Australia’s Pilbara region. BHP Group is also a significant producer of metallurgical coal, operating five mines in Central Queensland’s Bowen Basin. The proposed divestiture of BHP Mining’s iron ore and coal divisions would notably diminish its footprint in Australia, where it is headquartered. If BHP Mining decides to go ahead with the separation, these units are likely to be listed on the Australian stock market. However, BHP Mining intends to retain its Australian copper assets, such as the Olympic Dam, which contains one of the largest copper deposits globally, as it aims to become a leader in global copper production. This goal was underscored by its unsuccessful attempt to acquire competitor Anglo-American (LON: AAL) last year. This discussion of restructuring isn’t new for BHP Mining’s leadership. In early 2024, BHP Mining CEO Mike Henry and then CFO David Lamont presented to investors the idea of spinning off slower growth divisions by the decade’s end. However, these plans were shelved as BHP Mining still relied on the revenue from its Australian operations to fund significant investments in Chile’s Escondida copper complex and the Jansen potash project in Canada. BHP Mining has a history of spinning off entities, exemplified by its creation of South32 (ASX: S32) ten years ago. BHP Mining believes that a spin-off of its iron ore and coal businesses would not only generate cash but also provide franking credits advantageous to Australian taxpayers, suggesting substantial local interest in any potential public offering. 4-April-2025

 

Australian mining leader BHP Mining, formerly known as BHP Billiton, reported a 1% increase in iron ore production for the second half of 2024, reaching 131 million tonnes for the six-month period ending 31 December 2024. The figures, released on 21 January 2025, highlight the company’s continued operational improvements and strategic investments in its supply chain. BHP’s CEO, Mike Henry, credited the growth to record half-year shipments from its Western Australia Iron Ore (WAIO) operations, which were enabled by significant supply chain enhancements and the successful completion of major debottlenecking initiatives at its port facilities. BHP Mining, one of the world’s largest mining companies, has a long history of innovation and leadership in the global resources sector. The company operates across a diverse portfolio, including iron ore, copper, nickel, and potash, with a strong focus on sustainability and reducing its environmental footprint. Its WAIO operations, located in the Pilbara region of Western Australia, are a cornerstone of its iron ore business, contributing significantly to global supply chains. The recent production increase reflects BHP’s ongoing efforts to optimize its operations and improve efficiency. The debottlenecking projects at its port facilities have been instrumental in reducing bottlenecks and enhancing throughput, allowing the company to maximize output and meet growing global demand for iron ore. BHP’s commitment to innovation and operational excellence has solidified its position as a key player in the mining industry, while its focus on sustainability aligns with broader industry trends toward responsible resource extraction. Looking ahead, Australian mining leader BHP Mining remains focused on leveraging technology and strategic investments to drive further growth and maintain its competitive edge in the global market. The company’s ability to adapt to challenges, such as fluctuating commodity prices and environmental pressures, underscores its resilience and long-term vision for sustainable development. 27-January-2025

 

Iron ore futures prices in Dalian saw an increase on Monday, poised for monthly gains driven by strong demand in China, the leading consumer. Additionally, recent remarks by US President Donald Trump helped alleviate worries about escalating US-China trade tensions. The most actively traded May iron ore contract on the Dalian Commodity Exchange (DCE) closed the day up 1.06% at $111.54 per metric ton, marking a 4.31% rise for the month. Chinese financial markets will observe a public holiday from January 28 to February 4, with trading set to resume on Wednesday, February 5. Meanwhile, the benchmark iron ore contract for February on the Singapore Exchange saw a modest increase of 0.16%, reaching $105.1 a ton as of 0704 GMT. The uptick in Chinese iron ore prices is largely attributed to the sustained recovery in demand from blast furnace steel producers. In January 2025, daily crude steel production by major steel companies in China reported a monthly increase of 0.3%. President Trump characterized his recent discussion with Chinese President Xi Jinping as “friendly” and expressed a preference to avoid using tariffs against China, though he acknowledged the significant leverage tariffs provide. However, subdued industrial data from the world’s second-largest economy, despite numerous stimulus efforts, limited the price gains of this essential steelmaking component. Surprisingly, China’s manufacturing activity contracted in January 2025, marking its weakest performance since August. Market sentiment was further dampened by ongoing concerns over potential US tariffs, resulting in flat trading of Chinese equities. Other key steelmaking commodities on the DCE, such as coking coal and coke, also rose, gaining 0.8% and 2.23% respectively, buoyed by optimistic prospects for a production rebound in steelmaking post-holiday. 27-January-2025

 

On Friday, global mining companies BHP (ASX, NYSE: BHP), Vale (NYSE: VALE), and their joint venture Samarco finalized a settlement of $29.93 billion with Brazilian public authorities for damages caused by the collapse of Samarco’s Fundão dam. The agreement was signed in Brazil’s capital, Brasília. In February 2024, a federal judge had ordered the companies to pay as much as $8.4 billion in compensation for the disaster, a decision that remains open to appeal. The catastrophic breach of the Fundão dam on 5 November 2015 released about 40 million cubic meters of mining waste, devastating communities, disrupting livelihoods, contaminating the Rio Doce and its tributaries, and eventually reaching the Atlantic Ocean. The disaster impacted 49 municipalities directly or indirectly and claimed 19 lives. According to BHP Mining, formerly known as BHP Billiton, this settlement extends the ongoing efforts for remediation and compensation managed by the Renova Foundation in Brazil, which has already amounted to $7.9 billion. The new agreement includes $18 billion to be paid over 20 years to public authorities, municipalities, Indigenous peoples, and traditional communities, with an additional $5.8 billion in performance obligations for Samarco. The settlement also stipulates compensation of $17,000 per eligible fisherman and farmer in the affected regions. BHP Brasil’s projected outflows under this settlement coincide with BHP’s FY2024 Samarco dam failure provision of $6.5 billion, and no adjustments to this provision are currently necessary, as stated by BHP Mining CEO Mike Henry. He reflected on the incident, remarking, “The Samarco Fundão dam failure was a terrible tragedy. It should never have happened and must never be forgotten.” Payments are anticipated to span roughly 15 years, with the first installment of $880 million due within 30 days. However, the agreement still awaits approval from the Brazilian Supreme Court. Despite this settlement, BHP Mining, still known to some as BHP Billiton, faces a potential $47 billion in damages from a separate lawsuit ongoing in London’s High Court. The outcome in Brazil will not affect the proceedings in the UK. In July 2024, BHP and Vale agreed to equally bear any financial repercussions stemming from the UK lawsuit. 25-October-2024

 

Australian mining leader BHP Mining, previously known as BHP Billiton, in collaboration with JSW Steel, is advancing efforts to adopt a breakthrough technology from UK-based Carbon Clean, aimed at reducing carbon emissions in steel production, especially focusing on India’s market. India, being the world’s second-largest steel producer, plays a pivotal role in achieving the country’s ambitious goal of net zero emissions by 2070. As new blast furnaces continue to come online in India, ensuring they support long-term decarbonization strategies becomes crucial. Under a joint study agreement, JSW Steel and BHP Mining will explore the viability of implementing Carbon Clean’s CycloneCC modular technology, which could potentially capture up to 100,000 tonnes of CO2 annually. This would represent the most extensive application of CycloneCC in the steel industry to date. Carbon capture, utilization, and storage (CCUS) technologies like CycloneCC are seen as essential for achieving nearly zero CO2 emissions in steelmaking and could extend to other industries struggling to reduce emissions. The CycloneCC technology utilizes a rotating packed bed (RPB) and Carbon Clean’s exclusive APBS-CDRMax solvent to potentially cut both the total installation costs and the spatial footprint by up to 50%, with equipment that is significantly smaller than traditional carbon capture systems. BHP Mining underscores that this initiative is a significant step towards enhancing carbon capture scalability, which includes evaluating performance, cost-effectiveness, and environmental impact. The collaborative studies are expected to conclude by 2026, at which point there may be plans to implement CycloneCC at JSW Steel’s Vijayanagar facility in Karnataka, India. A critical aspect of this project is the utilization phase—converting captured CO2 into a liquid form for local sale, adding a commercial dimension to the environmental benefits. BHP Mining is also exploring other decarbonization strategies, including hydrogen and renewable energy applications, acknowledging that blast furnaces will likely continue to be a primary method for steel production in regions like India. JSW Steel, a leading private sector steel producer in India, has already reduced its carbon emission intensity by 30% from its 2005 levels and aims to decrease it further to 1.95 tonnes of CO2 per tonne of steel by 2030, targeting net neutral carbon emissions by 2050. This collaboration with BHP Mining to scale up CCUS technology could be a key lever in achieving near-zero emissions within the steel industry. 14-October-2024

 

Australian mining giant BHP Mining, formerly known as BHP Billiton, has reinforced its ongoing partnership with Sandvik Mining and Rock Solutions through an order for three additional underground continuous mining systems, as part of the second stage of its Jansen potash project in Saskatchewan. This order, valued at around $180 million, builds on the companies’ long-standing collaboration. Currently, the Jansen project is in the first stage of construction, with BHP Mining reporting it is halfway through and on schedule for initial production by the end of 2026. The commencement of Stage 2 production is anticipated after a three-year ramp-up period. This new contract is a continuation of the relationship that began with BHP Mining’s 2022 contract award to Sandvik for four potash underground continuous mining systems for Stage 1. Construction for Stage 2 has begun, currently at 2% completion, with system deliveries expected to start in 2028 and continue into 2029, aligning with the projected start of production. Each mining system includes a cable-powered Sandvik MF460 borer miner and a Sandvik PO140 extendable conveyor continuous haulage system, designed to handle production rates of approximately 1,300-1,500 tonnes per hour. BHP Mining initially engaged Sandvik between 2010 and 2012 for the engineering design of the Sandvik MF460 and later, in 2014, commissioned a concept design and testing of a simplified version of the Sandvik PO140. Following successful trials, the two companies entered into a manufacturing and testing agreement in 2016 for one Sandvik MF460 and one Sandvik PO140. The Jansen project is poised to become one of the largest potash mines globally, with the capacity to produce about 8.5 million tonnes of potash annually, a critical component in fertilizers. 6-September-2024

 

BHP Group Ltd. is shifting its focus towards enhancing the profitability of its growing copper sector, betting that long-term benefits from this essential new-energy metal will help balance the declining returns from iron ore as demand from China diminishes. The Australian mining giant BHP Mining, previously known as BHP Billiton, reported full-year profits that met market expectations, highlighting its strategy to intensify investments in its projects and mines. This comes even after the company’s acquisition of Filo Corp. last month, in partnership with Lundin Mining Corp., and its earlier unsuccessful $49 billion bid to acquire Anglo American Plc. In the short term, BHP Group Ltd. has noted the impact of China’s inconsistent economic recovery and the volatility of global commodity markets, with iron ore supply expected to exceed demand into the next year as excess steel saturates the market. “What we’re observing in the commodity market is really a delicate balance between steel demand and iron ore supply,” stated BHP Mining. The slowdown in China’s economy and its struggling property market are dampening demand for metals, particularly iron ore, which constitutes almost two-thirds of BHP Group Ltd.’s revenue. The head of China Baowu Steel Group Corp., China’s largest steel producer, recently indicated that the industry is facing challenges more severe than those seen in 2008 and 2015. Both iron and copper prices have declined since the end of the reporting period, suggesting potentially tougher times ahead. Despite these challenges, headline earnings highlight the enduring strength of BHP Mining’s core operations in iron ore and copper. The underlying attributable profit for the year through June 2024 was $13.66 billion, a 2% increase from the previous year. The Australian mining behemoth invested approximately $9.3 billion in capital and exploration during this period, marking a 31% increase from the previous year. BHP Group Ltd. plans to boost this investment to $11 billion by fiscal 2026, with two-thirds allocated to copper and potash projects. BHP Group Ltd.’s overall revenue increased by 3%. This rise was driven by higher sales volumes and relatively strong prices for iron ore and copper, though tempered by lower coal prices and a significant drop in nickel prices due to an influx of inexpensive material from Indonesia, leading to the closure of its Nickel West business. Potash could become another area of growth for BHP Mining, with its $14 billion potash mine in Saskatchewan, Canada, expected to produce over 4 million tons of the crop nutrient annually starting in 2026. Following last year’s decision to expand, production is set to more than double. The Melbourne-based BHP Mining is also considering an expansion of its iron ore operations in Western Australia to increase annual output to 330 million tons, up from 260 million tons in 2023, although this will depend on market conditions and the fact that China’s steel demand has plateaued. 3-September-2024

 

Executives from BHP Mining, previously known as BHP Billiton (NYSE: BHP), are reportedly nearing a settlement regarding reparations for the 2015 Mariana tailings dam disaster. The collapse at the Samarco iron ore mine, situated near Mariana in Brazil’s Minas Gerais state, triggered a massive mudslide and mining waste spill that devastated a nearby village, resulting in 19 deaths and leaving hundreds homeless. BHP Mining executives are optimistic that the conclusion of these negotiations is imminent. They have noted that recent negotiation rounds with Brazilian authorities have significantly narrowed the differences between the proposals from both sides, leading to more points of agreement than disagreements. Last week, BHP Mining and Vale (NYSE: VALE), along with their joint venture Samarco, submitted a new $26.1 billion settlement offer to the Brazilian authorities. BHP Mining emphasized that the negotiation process is complex and extends beyond just financial terms. The Renova Foundation, established to oversee the reparation efforts, is currently managing 42 programs aimed at aiding the recovery of the affected regions. 19-June-2024

 

Capesize bulk carrier chartering is poised for further consolidation as Australian mining behemoth BHP Mining, formerly known as BHP Billiton, makes a bid for its mining rival. BHP Mining’s potential deal with Anglo American could mark the first major mining company merger in a decade, with significant implications for the dry bulk market. As the world’s largest miner, BHP Mining is looking to acquire its smaller competitor, Anglo American. BHP Mining has reportedly approached Anglo American, a London-listed company, about a potential acquisition. Anglo American, known as the largest charterer of LNG dual-fuel capesize bulk carriers globally with a fleet of 10 ships, confirmed that it received an unsolicited all-share merger proposal from BHP Mining. In what could be one of the most significant mining mergers in over a decade, London-listed Anglo American has confirmed receiving an “unsolicited, non-binding and highly conditional” proposal from Australia’s BHP, the largest mining company in the world. Anglo American disclosed that as part of the proposed deal, Australian mining giant BHP Mining, previously known as BHP Billiton, is considering the spin-offs of two of its South African units—Anglo American Platinum, also known as Amplats, and Kumba Iron Ore. From a strategic perspective, size typically offers advantages in the metals and mining sector. 25-April-2024 

 

Australian mining behemoth BHP Mining, previously known as BHP Billiton, has shortlisted shipyards and operators for new ammonia-fueled bulk carriers. BHP Mining plans to order at least one environmentally friendly dry cargo ship, with delivery slated for 2026. The company is preparing to place its first order for an ammonia-fueled bulk carrier. BHP Mining intends to use ammonia for refueling any new vessels in Australia, Japan, and China. Rashpal Singh Bhatti, the vice president of maritime and supply chain excellence at BHP Mining, announced that eight companies, including shipyards, operators, and fuel suppliers, have been shortlisted for the project. This initiative is part of BHP Mining’s strategy to reduce its carbon footprint, aiming for the delivery of at least one ammonia-fueled bulk carrier by 2026. 24-April-2024

 

Australian mining behemoth BHP Mining, previously recognized as BHP Billiton, has identified India as a persistently promising area for steel production growth. The effectiveness of China’s economic stimulus policies is anticipated to significantly influence the demand for iron ore in 2024. As China’s demand begins to stabilize, India is becoming an increasingly critical market for iron ore exports. BHP Mining, the world’s second-largest producer of iron ore, reported during its interim results that India’s steel production surged approximately 12% to 140 million tons in 2023, marking a notable 40% increase since the start of the decade. BHP Mining, a leading global resources company, is involved in the extraction and processing of minerals, oil, and gas. With a history dating back to the late 19th century, Australian mining giant BHP Mining (formerly known as BHP Billiton) has grown into one of the world’s largest and most respected mining companies, emphasizing sustainable practices and innovation. BHP Mining operates under a dual-listed company structure with two parent companies, BHP Group Limited and BHP Group Plc, which are listed on the Australian Securities Exchange and the London Stock Exchange, respectively. BHP’s portfolio includes operations in Australia, North America, South America, and other regions, focusing on commodities such as iron ore, copper, petroleum, coal, and nickel. The strategic importance of markets like India highlights BHP’s adaptability and forward-looking approach in responding to global shifts in demand for its key commodities. 20-February-2024

 

Australian mining giant BHP (formerly known as BHP Billiton) anticipates a gradual decline in China’s demand for iron ore over the ensuing periods. The preeminent mining conglomerate BHP (formerly known as BHP Billiton) believes the imminent forecast hinges on the efficacy of China’s latest policy interventions. At the helm of Australian mining giant BHP stands Mike Henry, the Chief Executive Officer. BHP (formerly known as BHP Billiton) ranks among the globe’s paramount iron ore excavators. While China’s commodity appetite has sustained its vigor despite an ailing economy, the distant horizon appears more nebulous, observes the preeminent mining titan. BHP underscored that the iron ore sector exhibited enhanced conditions during the latter segment of the 2023 fiscal year compared to its inception. 23-August-2023

 

Australian mining giant BHP (formerly known as BHP Billiton) cooperates with Pan Pacific Copper and Norsepower to fits wind-assisted propulsion system on 2013 built handysize bulk carrier 53K DWT MV Koryu. Australian mining giant BHP (formerly known as BHP Billiton) desire to jointly encourage the usage of greenhouse gas emission reduction innovations and technologies, and trial alternative lower and zero-carbon emission maritime bunkers. Australian mining giant BHP (formerly known as BHP Billiton) examines to cut copper shipping emissions with rotor sail. Australian mining giant BHP (formerly known as BHP Billiton) has evolved the latest major charterer to investigate wind propulsion to cut emissions from shipping in partnership with Pan Pacific Copper (PPC) and Norsepower. BHP (formerly known as BHP Billiton) and Pan Pacific Copper (PPC), a member of JX Nippon Mining & Metals group, will retrofit a Norsepower rotor sail wind-assisted propulsion system on 2013 built handysize bulk carrier 53K DWT MV Koryu which operated by Nippon Marine. Rotor sail wind-assisted propulsion system will substitute a crane on 2013 built handysize bulk carrier 53K DWT MV Kory to decline greenhouse gas emissions between BHP’s (formerly known as BHP Billiton) mines in Chile and Pan Pacific Copper’s (PPC’s) smelters in Japan. 11-August-2022

 

Australian mining giant BHP (formerly known as BHP Billiton) is to cooperate with Tokyo-based NYK Line on projects to decarbonize the dry bulk supply chain. BHP and NYK Line will together analyze the benefit of next-generation zero-carbon emission vessels being fuelled by green or blue ammonia. Australian mining giant BHP (formerly known as BHP Billiton) and Tokyo-based NYK Line have expressed their plan to reach net-zero emissions in their shipping operations by 2050. Furthermore, by 2030, Australian mining giant BHP has expressed the company wants to accomplish a 40% reduction in emissions intensity on its chartered vessels. Australian mining giant BHP and Japanese shipowner and operator NYK Line want to jointly encourage the usage of greenhouse gas emission reduction innovations and technologies, and trial alternative lower and zero-carbon emission maritime bunkers. In Q1 2022, NYK Line ordered four (4) LNG-fuelled capesize bulk carriers that are the type of ships Australian mining giant BHP might charter to lower carbon emissions. Tokyo-based shipowner and operator NYK Line has developed a design for an ammonia-ready LNG-fuelled capesize bulk carrier. Australian mining giant BHP and Japanese shipowner and operator NYK Line will resume making full use of our knowledge, innovation, and technologies to sustain the decarbonization of shipping in cooperation with clients. 13-June-2022

 

Australian mining giant BHP (formerly known as BHP Billiton) ardently supports a formidable 40% emissions diminution for its maritime chartering endeavors. In alignment with this aspiration, BHP delineated its Scope 3 ambitions—objectives concerning emissions emanating beyond the confines of their operational assets—for the year 2030. This vision pertains to a 40% curtailment in emissions intensity whilst transporting commodities aboard chartered vessels. This ambitious decree was illuminated within BHP’s 2020 Climate Change Document, disseminated this past Thursday. BHP, which identifies itself as one of the paramount dry bulk charterers globally, anticipates the realization of its Scope 3 ambition by discerning chartering decisions, the integration of alternative fuels, and the harnessing of advanced technological methodologies to refine voyages. Consequently, BHP possesses a pivotal role in galvanizing transformation within an international sector where emissions curtailment remains intricate. In a pioneering feat, BHP underscored its issuance of a revolutionary tender in July 2019. This tender, for environmentally astute, LNG-powered bulk carrier ships dedicated to iron ore conveyance, signified a profound stride towards reducing emissions by an impressive 34% on a singular voyage basis compared to traditional sea vessels. Recently, Eastern Pacific Shipping was distinguished as the victor in BHP’s tender, securing an order for five LNG-propelled, 209,000-dwt bulk carriers, crafted in China, to honor contracts with the Australian titan. These versatile fuel ships are slated to transport iron ore from Western Australia to China in 2022. BHP’s recent dispatch furnished insights into its proactive climate initiatives, nascent commitments, and the adept amalgamation of climate considerations into its overarching corporate strategy and asset allocation. The report underscored maritime transport as a prospective epicenter for BHP’s climate capital endeavors. Endorsing the Paris Agreement’s noble objective to confine global temperature escalation substantially below 2°C, BHP has envisioned a long-term ambition of accomplishing absolute net-zero greenhouse gas emissions by 2050 within its Scope 1 and 2 undertakings. Moreover, BHP is steadfast in its commitment to retain its operational emissions parallel to, or beneath, figures registered in the fiscal year 2017, aiming to achieve this by 2022 whilst leveraging carbon offsets when deemed necessary. They proudly avow their substantial advancements in this realm. BHP exhibits fervor to expedite its green strategies and catalyze others to emulate this momentum. With an enhanced medium-term objective in sight, the company aspires to diminish its operational greenhouse gas emissions by a minimum of 30% from its 2020 fiscal year metrics by 2030. BHP’s esteemed chief executive, Mike Henry, articulately conveyed, “We shoulder the responsibility for proactive change. We discern the escalating anticipations of our stakeholders—be it our investors, workforce, or the global communities and nations that both accommodate our operations and patronize our products—and we are attuned to their aspirations.” Furthermore, he emphasized BHP’s intrinsic commitment to concentrate on domains under its direct jurisdiction and to collaborate synergistically with external entities, empowering them to minimize their carbon footprint. BHP Chief Executive Mike Henry eloquently expressed, “Our commodities stand as the bedrock of global economic propulsion and the transition to a sustainable, low carbon epoch. Championing climate change initiatives not only resonates with BHP’s ethos but is also an astute economic strategy, unlocking additional avenues of value.” 8-September-2020

 

Iron ore mining giant BHP (formerly known as BHP Billiton) alerts of diminishing growth outside of China. Australian mining giant BHP warned that the post-coronavirus recession will continue for a while. According to BHP (formerly known as BHP Billiton), global crude steel production will decline in Q4 2020, with uninterrupted growth in China offset by a steep fall in the rest of the world. On the other hand, BHP has been aiming to offload coal assets as part of decarbonization efforts. BHP (formerly known as BHP Billiton) foresees that steel production is going to decrease by 6% for crude steel. Australian mining giant BHP calculates that global steel production will grow insignificantly faster than population growth in the forthcoming decades. Afterward, BHP calculates that global steel production will gradually decline in China offset by India. According to BHP (formerly known as BHP Billiton), an increase in pig iron production will linger behind the increase in steel production. Mainly, this situation indicates a higher long term proportion of steel sourced from scrap. BHP (formerly known as BHP Billiton) does not anticipate China and the OECD to return to their pre-coronavirus recession trend growth rates until 2023. 16-August-2020

 

Another significant maritime-centric symposium in Singapore succumbs to the pervasive clutches of the global coronavirus epidemic. The much-anticipated Singapore Iron Ore Week, originally slated for 18th to 21st May 2020, stands officially abrogated. Given the relentless surge of Covid-19, the decision to annul the 2020 Singapore International Ferrous Week (previously christened as Singapore Iron Ore Week) and the Singapore Iron Ore Forum, set to be held at the Sands Expo & Convention Centre, was pronounced by its venerated orchestrator, the Singapore Exchange (SGX). This measure is borne out of a heightened commitment to ensuring the wellbeing and safety of our cherished clientele, allies, and esteemed stakeholders in the ferrous domain. Inaugurated in 2013, this conclave amasses luminaries from the iron ore and steel fabrication spheres, including behemoths like Rio Tinto, Vale, BHP, and Cargill. It is reputed that Singapore has ascended to the position of the world’s penultimate metals and minerals trading nexus, following Switzerland, boasting participation from over 200 conglomerates in the arena. Recently, the Maritime Port Authority (MPA) deferred the Singapore Maritime Week, which was poised to commence by April’s end, citing analogous apprehensions. In a distinct development, Marine Money has found itself compelled to rearrange its Dubai convention, initially anticipated for the ensuing week, to a later date in November 2020. Owing to the heightened proactive endeavors of global governments and corporations to curb the Covid-19 contagion, ensuing travel constraints and accompanying prudential actions have rendered attendance burdensome for a portion of our patrons and aficionados at our Dubai conference, articulated by Marine Money. 7-March-2020

 

The eminent Australian mineral conglomerate, BHP (previously acknowledged as BHP Billiton), conveyed that the protracted coronavirus pandemic imperiled the 2020 iron ore consumption. The mineral titan articulated that an extended pandemic would peril both tangible operations and market perceptions. BHP cautioned that if the ramifications of the Covid-19 pandemic prolong past the initial quarter, it would inevitably precipitate diminished commodity requisition. They commented on the multifaceted strategies employed by the Chinese administration to mitigate the virus’s spread, coupled with the population’s prudently cautious reaction, predicting an acute contraction in the March quarter’s economic endeavors. Yet, BHP surmised that should the psychological and logistical reverberations be efficaciously curtailed within that period, the resurgence in construction and manufacturing endeavors would ensue robustly, exceeding the typical operational metrics by the June quarter. While BHP remains hopeful for the swift containment of the Covid-19 surge within the March timeframe, they concede the uncertainty surrounding its exact duration. They further postulate that if the virus remains unchecked within this designated window or resurfaces post a semblance of containment, it would invariably jeopardize tangible operations and mar market sentiment. Under such circumstances, BHP intimated that they would likely recalibrate their annual projections downward, consequently depressing commodity demand. BHP’s assessments indicate that a staggering 90% of Chinese steel manufacturing is situated in provinces that proposed operational recommencements before February 2020’s culmination. Addressing the matter of IMO 2020, BHP observed that preliminary signs suggest the maritime sector was predominantly well-equipped for this transition. They alluded to the preceding trepidation concerning the refining community’s readiness level. While the prices for low sulphur fuel oil (LSFO) have unmistakably surged, BHP denied any firsthand encounters or reports of significant LSFO supply restrictions impeding maritime compliance. Before the advent of IMO 2020, BHP anticipated an addition of $1–2 per ton for Western Australia–China cargo and $3–4 per ton for Brazil–China. Based on approximately six weeks of empirical data, these estimates appear to align closely with the disparities observed between compliant LSFO and the erstwhile 3.5% bunkers. 17-February-2020

 

The esteemed iron ore colossus, BHP, previously recognized as BHP Billiton, has announced a staggering $400 million endeavor to counteract climate change, setting its sights on achieving net-zero emissions by mid-century. This commitment was further emphasized with the unveiling of their ambitious five-year plan and a nearly $1 billion proposition for as many as 14 LNG-powered newcastlemax newbuildings. BHP, a paragon in iron ore mining, is also partaking in an avant-garde bio-fuels trial for maritime vessels in collaboration with John Fredriksen’s illustrious Golden Ocean. During a profound discourse at the Financial Times’ “Climate for Change” event in London, BHP’s Chief Executive, Andrew Mackenzie, opined that there isn’t a singular panacea to combat the climate crisis. He underscored BHP’s pivotal role in product stewardship, emphasizing the firm’s dedication to collaborating with its entire supply chain, from shippers to end-users, to reduce emissions. “The empirical evidence is irrefutable; the global climate crisis cannot be denied,” proclaimed CEO Mackenzie. As per the blueprint, BHP, a predominant charterer, will delineate a novel intermediate objective grounded in scientific consensus to curtail emissions, resonating with the principles of the Paris Agreement and intensifying the correlation between emission outcomes and executive compensation. Mackenzie highlighted that BHP has been at the vanguard of addressing the climate issue for over twenty years, driven not just by ethical responsibility but also as a strategic imperative to augment long-term shareholder value. In a testament to their commitment, BHP’s emissions in 2017 were notably lower than those recorded in 2006, with an objective to cap 2022 emissions at 2017 benchmarks. BHP’s ultimate vision remains unwavering: to attain a net-zero emission operational footprint. In the ensuing year, BHP aims to chart out an intermediate scientific target to significantly reduce their carbon footprint, mirroring the aspirations of the Paris Agreement. 22-July-2019

 

The shipping industry’s evolution towards more sustainable, reduced-emission fuels is poised to render the current asset paradigm obsolete, posits the mining behemoth BHP. BHP, the renowned Australian mining colossus previously recognized as BHP Billiton, forecasts that the adoption of LNG bunkering will spearhead the sector’s transition to eco-friendlier, diminished-emission fuels, ultimately overshadowing the prevailing business archetype. During the esteemed Nor-Shipping’s Ocean Leadership Symposium, Rashpal Bhatti, BHP’s distinguished vice-president of market freight, articulated that the conventional methods of gauging vessel worth are gradually becoming obsolete due to the mandates of adhering to emergent emission criteria. “The once-standard 20-year vessel depreciation framework no longer holds its pertinence in today’s context,” opined Bhatti, alluding to the typical ship’s lifecycle. Rashpal Bhatti, in his capacity as BHP’s vice-president of market freight, inferred that it would demand immense audacity on the part of vessel proprietors to commission ships tethered exclusively to petroleum-derived marine fuels at this juncture, considering the potential phase-out of such vessels within the forthcoming two decades. Collaboratively with mining entities Fortescue Metals Group and Rio Tinto, in conjunction with shipowners MOL, China Merchants Energy Shipping, and U-Ming Marine Transport, BHP is spearheading the creation of LNG-propelled newcastlemaxes and VLOCs designated to transport coal and iron ore from the Australian continent to China. Woodside is in the advanced stages of crafting an LNG-bunkering infrastructure for this initiative, with entities such as DNV GL and the Shanghai Merchant Ship Design & Research Institute also playing integral roles. “We anticipate a monumental surge in LNG adoption in the impending years, followed by an era of hydrogen dominance,” elucidated Bhatti. From the vantage of tankers, Kuwait Oil Tanker Co’s chief executive, Ali Shehab, exuded a more tempered optimism regarding LNG bunkering’s trajectory. Although LNG stands as a viable fuel alternative compliant with the International Maritime Organization’s 2020 guidelines, data from DNV GL indicates a mere 163 LNG-powered vessels in active service and 155 awaiting deployment. At this decade’s dawn, industry projections optimistically predicted a fleet of 1,000 to 2,000 LNG-propelled vessels by 2020. Bill Guo, the executive director of ICBC Leasing, postulated that while LNG serves as a plausible interim solution, maritime transport would invariably gravitate towards alternative fuels to realize its long-term emission objectives. The International Maritime Organization’s constituent nations have collectively resolved to curtail the carbon footprint of international shipping by 40% by the year 2030, benchmarked against 2008, and aim to slash its aggregate greenhouse gas emissions by half come 2050. As per insights from DNV GL, while the maritime sector stands poised to achieve the 2030 goal through the adoption of slow-steaming and a pivot towards less carbon-intensive fuels such as marine gasoil and LNG, a comprehensive fuel solution to meet the ambitious 2050 milestone remains elusive. 4-June-2019

 

The prominent Australian mining conglomerate, BHP (once recognized as BHP Billiton), is said to be contemplating a reduction in its workforce by as much as 30%. Notably, BHP’s freight division seems to be exempt from these rumored cuts. BHP, the world’s preeminent mining entity, is allegedly poised to eliminate around 700 administrative positions. These prospective cuts will not impinge upon BHP’s core mining operations, but rather target the ancillary departments such as human resources, technology, and commerce. The freight division, responsible for overseeing BHP’s expansive maritime logistics, is regarded as too diminutive to be implicated in this global initiative, as per insiders acquainted with BHP’s strategies. BHP’s commissioned vessels transport in excess of 300 million tonnes of commodities like iron ore, coal, and copper across the globe each year, embarking on over 1,500 journeys. Currently, BHP is refining its operational procedures, eradicating redundancies, minimizing bureaucratic layers, and enhancing its decision-making efficiency. This overhaul commenced a year prior, with the external affairs and finance divisions concluding their transformation the preceding December. It’s noteworthy that BHP is actively engaging with its global workforce to elucidate these impending shifts and foster a more streamlined, agile, and efficient organizational model. Earlier in the year, BHP faced criticism for its choice to terminate the contracts of 80 Australian seafarers employed on two bulk carriers that transported iron ore domestically. These seafarers operated on the Marshall Islands-registered Mariloula and the Maltese-registered Lowlands Brilliance, both affiliated with BHPB Freight, a BHP subsidiary. Their voyages constituted the final Australian-manned routes transporting iron ore from BHP’s Port Hedland facilities to the steel factories in Port Kembla, then conveying coal to China before journeying back to Port Hedland. The utilization of Australian crews for what’s colloquially termed the “golden triangle” was mandated by Australian maritime regulations. 9-April-2019

 

The eminent Australian mining conglomerate, BHP (previously acknowledged as BHP Billiton), experienced a dip in its quarterly iron ore yield due to a train derailment. Nevertheless, this titan of the mining industry has affirmed that its production forecast for the fiscal year 2018-2019 remains steadfast. Data unveiled on Tuesday indicates that BHP’s iron ore extraction for the October-December 2018 trimester witnessed a 6% decrement, both annually and in comparison to the preceding trimester. This decline was precipitated by a train derailment on the 5th of November 2018, which necessitated a halt in rail activities for a span of five days, resulting in an approximate production setback of 4 million tonnes. This unfortunate occurrence transpired when one of BHP’s locomotives took an unforeseen journey of 90 km, unsupervised, after the conductor disembarked for an inspection. This journey terminated near Turner, roughly 120 km south of Port Hedland, wreaking havoc over a 1.5 km stretch of the railway. During this rail service disruption, the mine’s stockpile swelled, with expectations of it being partially depleted in the forthcoming March 2019 trimester, as elucidated by BHP (formerly recognized as BHP Billiton). Nonetheless, BHP’s projected output of iron ore for the fiscal year of 2019 remains unaltered, oscillating between 241 and 250 million tonnes. In a related revelation on Tuesday, Rio Tinto declared a 7% escalation in its iron ore exports for the concluding trimester, compared to the antecedent three-month span. Consignments from its Australian precincts amounted to 87.4 million tonnes, contrasting with the 81.9 million tonnes in the prior trimester, which had been marred by a tragic demise at one of its facilities. Rio Tinto’s annual iron ore consignments for the entire year saw an uptick of 2%, culminating at 338.2 million tonnes. 21-January-2019

 

The International Transport Workers’ Federation (ITF) has expressed strong disapproval over BHP’s decision, the prominent Australian mining conglomerate formerly known as BHP Billiton, to terminate Australian staffing on vessels transporting iron ore from Port Hedland to China. Consequently, 80 national seafarers face unemployment, thus concluding a tradition spanning over a century where domestic seafarers served both BHP and BlueScope steel operations. There is now a shift towards employing foreign crews. The two ships at the heart of this issue are the illustrious 180,000-dwt MV Mariloula, constructed in 2008, and the 170,000-dwt MV Lowlands Brilliance, which dates back to 2002. Teekay Shipping Australia, the employer of these seafarers, has disclosed that MV Lowlands Brilliance is scheduled for delivery to its proprietors at a Chinese harbor come February. On the other hand, MV Mariloula will transition to a fresh crew at an undisclosed harbor, as detailed by the Newcastle Herald. The existing crews are scheduled for repatriation to Australia. It’s noteworthy that for over a century, Australian seafarers have been pivotal to the iron ore commerce between Port Hedland and Australia’s steel producers. “BHP’s recent choice undermines one of the most longstanding indigenous shipping supply chains in Australia,” remarked Dave Heindel, the chair of ITF Seafarers’ Section. The dedicated seafarers on the capesize bulk carriers MV Mariloula and MV Lowlands Brilliance find themselves abandoned and unsupported. It’s rather unsettling that BHP enacted this measure a mere six months prior to the charter’s end, giving scant prior warning to the unions. The ITF vehemently opposes this action, urging BHP to reconsider. The corporate landscape has evolved. It’s reported that BHP charters an approximate 1,500 ships annually. BHP, in a statement to The West Australian, mentioned that such arrangements were relics from its days as a steel manufacturer and were preserved following the bifurcation of BHP Steel, now operating under the name BlueScope. BHP emphasized that their modus operandi has since shifted, and they no longer oversee or manage cargo ships. With the inaugural iron ore supply agreement being established roughly 17 years ago, it’s evident that the dynamics of the iron ore industry have undergone significant transformations. 20-January-2019

 

BHP (formerly known as BHP Billiton) Copper Mineworkers are on strike in Chile and blocked Coloso Port. As a result of this strike in Chile, copper prices have been rising gradually. At Escondida, unionized workers are in dispute over contract terms and blocking Coloso Port, Chile. BHP Billiton would insist on accessing the Coloso Port. 17-March-2017

 

Iron ore mining giant BHP (formerly known as BHP Billiton) went direct to shipowners through a new online auction system and bypassing shipbrokers. BHP’s (formerly known as BHP Billiton) Freight VP Rashpal Bhatti said the auction was limited to a pool of 13 shipowners and operators like Japan’s NYK Bulk, Mitsui OSK Lines, Anangel Maritime, and Cargill. BHP (formerly known as BHP Billiton) first auction was held on 25 January 2017 for 170,000 tons of iron ore from Australia to China. BHP’s Freight VP Rashpal Bhatti thinks that shipowners benefit from web-based auctioning through not having to pay commissions to shipbrokers. 27-January-2017