News Articles for BHP

BHP Group, the world's biggest miner, has joined rival Rio Tinto in cutting its forecast for iron ore output after a tropical cyclone, although analysts expect high prices to limit any impact on profits.

Mining giant Rio Tinto has reported a 14 per cent drop in quarterly iron ore shipments and cut its 2019 shipments estimate on disruption caused by a tropical cyclone which hit its export terminal in Western Australia last month.

Rio Tinto will invest an extra $US302 million to develop its Resolution copper project in the US state of Arizona, as it looks to expands output to meet the lucrative market for new energy vehicles.

BHP Group said today it expected its Pilbara iron ore production to be reduced by between 6 million tonnes and 8mt this year because of the impact of flooding on its rail network and Port Hedland operations..

Monadelphous has won a second contract for BHP Group's South Flank iron ore project, just over a month after it secured an $108 million contract at the site.

The replacement of the logo at the top of Perth's second tallest skyscraper has commenced, after BHP Group changed its name from BHP Billiton in November.

A BHP Group rail maintenance crew applied brakes to the wrong locomotive when they tried to help the driver of a runaway iron ore train, which ended up being deliberately derailed in the Pilbara region.

Civmec has secured a fabrication and assembly contract at BHP's South Flank iron ore project in the Pilbara, taking its total at the project to $48 million.

Mining giant BHP Group has reached a settlement with the train driver who was fired over a huge derailment in Western Australia's Pilbara region last year.

BHP Group has posted an 8 per cent fall in first-half underlying profit to $US3.7 billion ($5.2 billion), which it attributed to production disruptions and lower commodity prices.

Monadelphous has secured a $108 million contract on BHP Group's South Flank project, while Clough has won its second contract on the same development. The two contracts will create 700 jobs at South Flank, the largest project underway in WA.

South32 has elected Karen Wood as the next chair of its board of directors, replacing current chairman David Crawford, who will retire on April 12.

Big business has stepped up its campaign in favour of a constitutionally enshrined ‘voice' for indigenous Australians, with BHP Group chief executive Andrew Mackenzie using a speech in Perth this morning to endorse the proposal.

David Biggs has been appointed as a non-executive director at Petrel Energy and Warrego, subject to shareholder approval at an extraordinary general meeting in March.

BHP Group has highlighted a $US600 million (approximately $840 million) fall in earnings due to production disruptions at its Australian and Chile operations.

Treasurer Ben Wyatt has said he does not think BHP Group has been a bad corporate citizen after it was today revealed the iron ore miner might owe up to $300 million to the state in royalties, the company's third such battle in recent years.

BHP Group will be double-checking its advertising copy in future after publishing full-page advertisements that mistakenly claimed major international business CPB Contractors was based in Western Australia.

Henderson-based Volt Power Group has filed a writ in the Supreme Court of Western Australia against the vendor of Wescone Distribution, a mining equipment manufacturer it acquired in January 2018.

Woodside Petroleum's Browse and Scarborough LNG developments are the biggest of $95 billion of major projects under way or likely in Western Australia, with 96 ongoing and a further 68 probable.

BHP is handing back the last of the $US5.2 billion from the sale of its onshore US assets through a special dividend.

Alumina producer Alcoa of Australia has signed three supply deals with BHP Group, Woodside Petroleum and Chevron to provide about 23 petajoules of gas between them annually from 2020 for its Western Australian refineries.

Opinion: Two high-profile billionaires have the state government in their sights, and Premier Mark McGowan has some tough decisions ahead.

thyssenkrupp Industrial Solutions Australia will design and build the world's largest rail-mounted stackers in Western Australia after winning a $250 million contract for BHP Group's $4.6 billion South Flank iron ore project.

Decmil has been awarded a $65 million contract extension with BHP Group for expansion works at the Mulla Mulla village in the Pilbara.

Rio Tinto has approved a $3.5 billion investment to develop its Koodaideri iron ore mine in the Pilbara, lifting the total amount to be spent on new iron ore projects in Western Australia to $12 billion.

BHP Group has identified a new copper find near its Olympic Dam operations in South Australia, as speculation continues that Rio Tinto has also made a big copper discovery, in the Pilbara.

SPG Law, a British offshoot of a US litigator, represents 240,000 individuals in Brazil, 24 municipal governments, a Roman Catholic Archdiocese and members of the Krenak indigenous community, and has filed three legal claims for unlimited damages over the failure of the Fundao dam in 2015.

ANNIVERSARY SPECIAL: Via a mix of good fortune and planning, WA has positioned itself as supplier to the fast-growing economies of Asia rather than a competitor. This article is part of a special series to mark Business News' 25-year anniversary.

BHP Billiton has reached a settlement with the Australian Taxation Office (ATO) relating to their long-running dispute over the miner's part-owned marketing hub in Singapore.

ANNIVERSARY SPECIAL: WA's mining industry has undergone a dramatic transformation over the past quarter of a century, with iron ore replacing gold as the state's most valuable commodity.

BHP Billiton has disclosed that the driver of last week's runaway iron ore train failed to engage the emergency air brake after getting out to check on a problem with another part of the braking system.

Explosives manufacturer Incitec Pivot has reported a 34.8 per cent fall in profit for the year to September, including a $7 million hit from lost business in Western Australia.

ANNIVERSARY SPECIAL: The growth in household disposable income provides a graphic illustration of the effect of 25 years of technological change and investment in WA. This article is part of a special series to mark Business News' 25-year anniversary.

Mineral Resources has confirmed that about 30 empty iron ore wagons were derailed on a return train trip to the company's Koolyanobbing mine near Southern Cross on Sunday.

BHP Billiton says the wreckage from its derailed iron ore train has been cleared and the miner is confident of resuming rail operations early next week.

BHP Billiton disclosed today that its iron ore stockpiles at Port Hedland will not be sufficient to cover the supply disruption caused by this week's train derailment.

BHP Billiton's rail operations in the Pilbara are expected to be out of action for a week after a runaway train laden with iron ore travelled 92 kilometres with no-one on board before it was deliberately derailed.

A runaway train loaded with iron ore travelled with no-one on board for 92 kilometres in Western Australia's Pilbara region before it was deliberately derailed.

BHP shares have jumped more than 4 per cent after the mining giant said it would return $US10.4 billion ($A14.7 billion) to shareholders in the form of an off-market buyback and special dividend.

Indigenous contractor Gumala Enterprises has secured a series of new contracts, including with iron ore miners Rio Tinto and BHP Billiton, worth a combined $15 million.