BHP Mining News

BHP faces shareholder class action over Brazil mine disaster

Australian law firm Phi Finney McDonald alleges BHP knew the dam was at imminent risk of breaking but did not tell markets.

Biggest miner says China's shift to quality iron-ore will hold

BHP forecasts reforms in China’s steel sector will continue to hand an advantage to suppliers of higher-quality iron ore and coking coal as consumption of the alloy keeps growing well into the next decade.

War on coal making the world's top mine owners a lot richer

Anglo American Plc, Glencore Plc and BHP Billiton Ltd. are generating the highest profits in years from their coal mines.

Chile copper mine Escondida says no early wage agreement reached

The official deadline to start contract discussions begins in June.

Union at BHP's Escondida copper mine in Chile says no advance deal likely

The union accepted an offer to begin early negotiations with the Anglo-Australian miner in March to avoid another strike at the northern Chile mine.

BHP to produce nickel sulphate next year, eyeing cobalt on battery boom

It expects to have sold 90% of its nickel sulphate supply by the end of 2019, two years earlier than anticipated.

BHP beats Tesla, BMW among top holdings in new electric vehicle ETF

New investors are being pulled into the mining industry as demand and prices for battery materials like lithium and cobalt spike.

Copper pipeline lowest in a century

While appetite for copper-mining assets is picking up, a supply crunch is imminent, experts say.

World’s top miner BHP quits global coal group over climate stance

The miner is withdrawing from the World Coal Association over a clash of views on how to fight climate change, with BHP saying it’ll reap little benefit from staying on as a member.

Two risks threaten commodities, one bullish, one bearish: Russell

The are two main factors that appear to be emerging that may threaten an end to the current quite rosy picture surrounding demand for commodities such as iron ore, steel and the metals most exposed to the battery boom, cobalt, lithium and nickel.

BHP sees limited impact on steel market from US new tariffs -exec

"I think direct impact on steel is quite marginal because the United States is not such a big steel producer," said Arnoud Balhuizen.

BHP's Jansen Potash mine development remains on hold

Several factors have led to the project delay, including cash availability and the struggling potash market.

US steel and aluminum tariffs a ‘black day for the world’ — BHP

BHP chief executive officer Andrew Mackenzie believes US President Donald Trump’s plans for steel and aluminum tariffs will harm the global economy.

Samarco iron ore mine could reopen this year

Samarco Mineracao – a Vale-BHP joint venture – ceased operations in November 2015 following a deadly tailings dam burst.

BHP's productivity gains are cheered by investors — and unions

BHP has said it expects to deliver $2 billion of net productivity gains by the end of the 2019 financial year.

Miners rich in cash are aiming for fat dividends, debt payments

The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors.

BHP sees faster shale sale in race to exit $10 billion unit

The company expects initial bids for the assets in the June quarter, according to a statement Tuesday.

Toyota to make cheaper electric motors by halving use of rare earths

Asia’s No.1 carmaker has developed a magnet that reduces dependence on neodymium, a key rare earth metal used in the world’s most powerful batteries for electric vehicles.

BHP rebuffs Elliott as first-half profit hits three-year high

The New-York based fund argues an overhaul could add more than $22 billion in value for shareholders and wants BHP to conduct an independent study.

Japan's Mitsui wants more of Chile's Collahuasi copper mine, but none of Los Pelambres

Mitsui’s investments in Chile’s copper industry date back to the 1990s and it now has minority interests in a number of the country’s leading mines.

Mining sector unloved as investors find it hard to trust

Data shows that two years after the worst of the raw materials slump is over, investors are still not ready to pour in fresh funds despite a price rally.

Vale’s iron ore output hit record high in 2017

Output of the steelmaking material reached 366.5 million tonnes last year, boosted by record high productionat Vale's northern system, which composed of its Carajás, Serra Leste and the massive S11D mine.

Copper, iron ore price jump sparks rally in mining stocks

Top listed copper producer Freeport jumped 7.4% and with Vale – up 6% – was among the NYSE's top 10 most actively traded stocks.

BHP takes $1.8 billion hit from US tax reform

Charge is due to due to cuts in the US Federal corporate income tax rate, the world’s biggest mining company said.

South32 prepares to spin off South African coal assets within six months

President and chief operating officer Mike Frasersaid company has received a number of offers for the assets, which it up for sale in November last year as part of a shift away from coal.