BHP Mining

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