BHP remains bullish on global demand for commodities as the company's latest figures show no signs of a rumoured trade impasse with its biggest customer, China.
Mining giant BHP is focusing on copper as its key growth commodity but is continuing to invest in its WA iron ore business, with a $US900 million project announced today.
BHP's Pilbara mines have delivered another strong year for the big Australian, but cost blowouts and supply are hampering its efforts to become a force in fertiliser.
BHP chief executive Mike Henry has warned of the possibly significant implications of a fragmented trading environment but says the company has largely been unscathed by the tariffs rollout.
BHP has reiterated its appetite for copper after the completion of a US$4 billion deal for Toronto-listed Filo Corp, locking in a plan to pursue the metal in South America alongside Lundin Mining.
The union movement has accused WA's mining lobby of “hyper-aggressive” campaigning against its activities in the Pilbara, while warning of an extreme politics push among blue collar workers.
BHP chief executive Mike Henry has highlighted the global miner's focus on copper as its largest growth opportunity while an iron ore expansion is just a possibility.
In this podcast, Mark Beyer and Mark Pownall discuss Forrest property buy; resource conferences; BHP; Anglo-American; Carolyn Turnbull's new job; Feral Brewing's new owner; and preview the next magazine.
Anglo American has rejected a third takeover proposal from BHP but left open the possibility of a deal by agreeing to a one-week extension to the bid deadline.
Shares in West Perth-based Kingrose Mining rose 21 per cent on Wednesday morning, following news that the company had signed multiple alliance exploration licences with global resources powerhouse, BHP.
BHP maintains it is still working through the implications of a freshly announced internal restructure, despite reports of redundancies within its Western Australian operations today.
BHP says it could be several months before deciding the fate of its nickel division as the federal and state governments weigh additional support to keep the embattled sector alive.
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 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.
A year of rising costs and weaker commodity prices makes a dent in the Big Australian's bottom line as a cloud of uncertainty hangs over China's appetite for iron ore in the medium term.
BHP boss Mike Henry says the federal government made the right choice to not provide a ‘sugar hit' subsidy towards critical minerals but has been less complimentary regarding industrial relations changes.
Softer iron ore prices combined with a 70 per cent spike in diesel costs crunched BHP's underlying profit by 32 per cent during the first six months of FY23.
BHP has outlined plans to increase the automation of its iron ore operations after reporting a small lift in production to record levels and a dip in shipments.
The leader of Australia's largest mining company has called on fellow miners to take more risks on using innovative technologies for the clean energy transition.
BHP leaders have braced shareholders for a ‘complex' short-term horizon and issued an apology to those who have experienced damaging behaviour at its work sites, during an AGM in Perth today.
Wesfarmers boss Rob Scott and FMG founder Andrew Forrest are likely to be the only Perth-based business leaders at next week's jobs summit in Canberra, with Meg O'Neill a conspicuous absentee.
BHP's petroleum boss Geraldine Slattery will lead the company's Australian operations, replacing Edgar Basto who will become the company's first chief operating officer.
BHP shareholders will receive a big payout after underlying profits soared during the financial year, though the mining major has braced for more inflationary pressures and expansion costs.
BHP's iron ore output held steady for the financial year as its new South Flank operation gained momentum, though prices for its product were down 13 per cent on last year's average.
BHP has increased its interim dividend after reporting a big increase in half-year profit and says higher inflation will be a long-term positive for its business.
BHP remains on track to meet production guidance for the financial year despite pandemic-induced labour constraints, but has flagged further headwinds as Omicron enters the state.
