News Articles for BHP

BHP has reported a sharp fall in its interim profit as a result of asset write-downs but a strong performance in its WA iron ore business has helped to maintain underlying earnings.

BHP has narrowly avoided strike action threatened by its iron ore train drivers after reaching an agreement with the Mining and Energy Union today.

Premier Roger Cook will continue talks with federal government around nickel royalty relief today, after the revelation that BHP was considering placing its Nickel West assets on care and maintenance.

BHP has written down the value of its Western Australian nickel operations by US$3.5 billion ($5.4 billion) pre-tax as a result of depressed market conditions for the battery metal.

Western Australia's iron ore giants have inked a deal with Australia's largest steelmaker which could see the country's first electric smelter in an effort to realise green steel ambitions.

Canadian firm TransAlta is seeking environmental approvals for a 150-megawatt gas-fuelled power station to support processing at BHP Nickel West's Mount Keith operations.

The Chamber of Minerals and Energy WA is calling for battery metal support and a close look at the federal government's sweeping policy agenda ahead of the 2024-25 budget.

A highly respected Indigenous elder, who built bridges between some of the world's largest miners and traditional owners, has died.

Software provider K2fly says cost management remains its major focus as the company's latest financial report today revealed a remarkable 14th consecutive quarter of annual recurring revenue growth. The ARR was at $8 million in the past quarter, up 16 per cent compared to the previous corresponding period (PCP) and revenue was at $3.4million, up 21 per cent from the PCP.

Aurum Resources has appointed experienced African gold miner Caigen Wang as its new managing director as the company works-up the shallow, wide gold-bearing orebody at its Boundiali project in Côte d'Ivoire. Wang is no stranger to maturing African gold discoveries, taking Tietto Minerals from a market cap of about $30 million to nearly $700 million at its Abujar gold mine, also in Côte D'Ivoire.

Flooding rains in the Pilbara have hampered operations at BHP's mammoth Mount Whaleback iron ore mine.

Business News runs the rule over a cross-section of companies to determine how much firms of varying size and industry invest in WA communities.

BHP will fund six companies, including two based in Perth, more than half a million dollars each under its Xplor accelerator program.

BHP has appointed Tim Day to run its iron ore division, as it prepares for Brandon Craig's transfer as announced by the major miner late last year.

BHP has become the latest nickel producer to review its operations in response to the market downturn, while its iron ore business has reported a lift in quarterly production.

Mark Beyer and Mark Pownall discuss Alcoa's refinery closure; Panoramic's shuttered mine; Stockland's retirement living vision; another Creasy deal; a new Yallingup resort, and preview the upcoming magazine.

Woodside reinvested more than $20 million into Western Australian communities in 2023 as the company ramped up efforts to combat vocal criticism of its multibillion dollar gas projects.

Our weekly appointments wrap includes Darren Foster, Catherine Raw, Johan van Jaarsveld, Andrea Sutton, Ross Love, Paul Ferguson, Dixie Marshall and Tania Hudson.

A collision between a BHP iron ore bulk handler and a wharf at the Port of Port Hedland this week left a minor scratch on the vessel and will not impact operations, according to the facility operator.

With the uranium price touching US$80 a pound, up from a low of US$20 just a few years ago, a bevy of ASX-listed small caps are lining up for a piece of the action. Geoscience Australia says Australia boasts almost half (46 per cent) of the global uranium resources which screams opportunity. Dollar Bill pontificates on potential for law changes and the future for uranium mining in Australia.

BHP is notably absent from the race to develop lithium projects and only time will tell if it has made the right call.

WA's energy investment push comes while debate continues over the opportunities and threats posed by the US Inflation Reduction Act.

Battery-electric trains remain some way off for Western Australia's largest grain handler as fellow heavy rail users in the mining industry press ahead with the technology to decarbonise their operations.

Heavy rail users need to standardise parts if they want railcar manufacturing in WA to become cost-competitive with Chinese imports, according to the nation's peak railway lobby group.

Brandon Craig has been promoted to the role of BHP's president Americas, but the mining giant is yet to decide who will lead its most valuable asset: its WA iron ore business.

The bluster around automation, artificial intelligence and jobs plays out online and in column inches most weeks around the world, but is it justified?

In this podcast: Mark Beyer and Mark Pownall discuss FMG; Austal; IR reforms; office occupancy; Burswood Park; apartment dramas; Scyne Advisory; CEO salaries and WA's biggest employers.

Software provider K2fly has initiated a sweeping strategic review of its operations in a swift boardroom move designed to maximise the full potential of its innovative resource governance software solutions. After posting 13 quarters of increasing revenue on the trot, K2Fly has vowed not to sit on those laurels and has appointed Argonaut PCF and Atrico as joint advisors to steer its review.

Major employer groups are divided over contentious workplace relations reforms after federal minister Tony Burke negotiated amendments to exclude service contractors.

Australia's economic engine room is facing a moment of truth as rival mining nations go all out to win the clean energy minerals race, BHP warns.

WA's opportunity to capitalise on the United States' massive Inflation Reduction Act will hinge largely on its ability to keep pace with demand, according to BHP's iron ore boss.

Western Australia's resources middle tier could be at the heart of $170 billion in GDP growth by 2040, but only if the nation acts on its critical minerals opportunities, according to PwC.

In this podcast: Mark Beyer and Mark Pownall discuss accounting action; WeWork; Qantas; exporters; hydrogen; coal; biofuels, and skills shortages.

A common agricultural fertiliser could fuel the iron ore megaships calling into Western Australia's bulk export ports in the state's north-west.

K2fly has grown its annual recurring revenue (ARR) for a 13th straight quarter, revealing a 6 per cent jump up to $7.9 million in the company's latest financial disclosure … and it says there is still room to expand. Management says ARR was up 22 per cent on last year's corresponding quarter, while comparative revenue increased by 29 per cent.

Unions and major companies are going head to head over proposed labour hire laws, with the latter arguing higher pay rates will threaten business viability.

Premier Roger Cook will meet with companies including Mitsui & Co on the first day of his mission to Japan, as the government looks to sell its vision for the state's renewable sector.

Facility operator Compass Group plans to add hundreds of rooms in a $79 million expansion of a Port Hedland accommodation, to house workers of BHP's port debottlenecking project.

Monadelphous Group has booked about $170 million worth of work in contracts with Lynas, Fortescue, BHP and Rio Tinto.

Rio Tinto and Yindjibarndi Energy Corporation are aiming to approve their first solar farm next year as the first step in building multiple projects in the Pilbara.