BHP Mining News

Mining and metals markets crater as copper price enters bear market

Investors found no solace in traditional safe haven gold with the precious metal setting a one-and-a-half year low.

Copper price: BHP averts strike at Escondida

After a near 5% drop on Wednesday, news that a strike had been averted at the world's largest copper mine put a cap on hopes of a recovery for the bellwether metal.

Chile's Escondida union to take new labor proposal to members

It will avert its planned strike to consult members about a renewed proposal for a new labor contract from operator BHP .

Copper price falls as China investment grows at slowest pace on record

Called off strike at world's largest copper mine adds to pressure on copper price now down nearly 20% in little over two months.

Copper vulnerable to supply shock as giant mine faces strike

Copper bears could get caught wrong-footed as a strike looms at the world’s biggest mine.

BHP says Brazilian court approves settlement for Samarco

Samarco, a joint venture of Vale SA and BHP Billiton, expects to obtain next year all licenses needed to resume operations.

Samarco eyes restart in 2019, when Brazil license analysis concludes

Samarco expects to obtain next year all licenses needed to resume operations suspended after the 2015 environmental disaster.

Union at Chile's Escondida sets deadline for negotiations ahead of strike

The union at the world's biggest copper mine told the company it should prove its willingness to negotiate by Monday morning.

Copper price: BHP plans for Escondida strike

BHP said final wage offer rejected on Thursday was "best collective labor contract at a private mine in the country."

BHP, Rio deals show lack of options beyond shareholder returns: Russell

BHP Billiton last week agreed to sell its U.S. shale oil and gas assets for $10.5 billion, while Rio Tinto appears on track to exit its troubled investment in the giant Grasberg copper and gold mine in Indonesia for about $3.5 billion.

Union official at Chile's Escondida mine predicts 'overwhelming' vote against BHP offer

Union members have until Wednesday to finish voting on the company's proposal.

Chile's Escondida mine workers reject labor offer, to vote on strike

The vote began on Saturday and will continue through the middle of next week.

BP pays $10.5 bln for BHP shale assets to beef up U.S. business

A unit of British oil major BP PLC will acquire BHP's unit which holds the Eagle Ford, Haynesville and Permian assets for $10.5 billion.

BHP final pay offer to Escondida workers falls short of union demands

BHP has offer workers a signing on bonus of $27,000, up from an earlier offer of $23,000, plus a 1.5% salary increase, but still well under the bonus up to $43,000 and 5% increase demanded by Escondida’s union.

BHP to fight class action over Samarco dam failure

Law firm leading the action says it has more than 3,000 investors signed up to pursue the miner for losses.

Union at Chile's Escondida mine sees little hope for contract deal

Labor negotiations at Chile's Escondida copper mine, the world's largest, are frozen without signs of progress.

Miners wrote off almost one-third of investments over last decade

From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.

BHP posts record annual iron ore output, beats Q4 forecasts

Shares in the miner jumped more than 3% after both quarterly and full-year production rose 3% on improved productivity.

World's biggest miners want more copper but nobody's selling

Nobody who owns a copper mine wants to give it up. Even when Glencore and Anglo American Plc were crippled by debt during the 2015 commodity slump, neither was willing to entertain an offer from Rio for their holdings in the giant Collahuasi deposit in Chile.

Labor talks at BHP´s Escondida mine in Chile enter 'home stretch'

Labor negotiations are entering into the final three weeks before a 30-month contract expires at the end of July.

Copper giant Chile gets ready for second round of labour talks

From the 32 contracts set to expire in 2018 at Chilean mines, there still are more than a dozen to be negotiated before year-end.

China’s No.1 maker of battery cells for EVs to build plant in Germany

A German battery plant could help ease an expected negative impact in the workforce employed by the local automotive industry.

Copper price drops to 9-month low, but what about strikes?

Copper bears drop price 11% in 3 weeks, but new report shows labour contracts still up for renewal threaten 3 million tonnes of production just in Chile.

Class action to be launched over casuals in Australia’s coal mining

BHP says it has not received any formal communication regarding the legal actions.

BHP steps up efforts to sell Nickel West business in Australia — report

The world's top miner is said to have hired Goldman Sachs to assist with the sale of the Western Australia-based nickel operation.