BHP

  • BHP to Invest $12 Billion in Chile Copper Operations Amid Labor Protests

    BY Sophia Schmitz
    BHP has announced plans to invest over $12 billion to expand its copper operations in Chile, focusing on the Escondida and Spence mines in the Antofagasta region. The investment aims to counter an expected production decline between 2027 and 2030. At the same time, the company faces worker protests over alleged labor abuses. Alexis Barrera,...
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  • BHP Warns Australia Risks Losing Out in Mining Amid Shifting Global Competition

    BY John Davis
    BHP Group’s Australia President, Geraldine Slattery, has warned that the nation can no longer rely solely on its traditional mining export markets and is unprepared to face a new era of lower-cost competitors. Speaking in Brisbane on Monday, Slattery highlighted that the boom in demand from China’s industrialization has now moved past its aggressive growth...
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  • BHP’s Mike Henry Highlights $250 Billion Needed for Copper Demand Surge

    BY Lara Browne
    BHP Group Ltd. Chief Executive Officer Mike Henry emphasized that soaring global demand for copper will necessitate an investment of $250 billion over the next decade. This major capital requirement is expected to drive further mergers and consolidations in the mining industry, as companies seek to pool resources and expertise. “New deposits in certain key...
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  • BHP Shifts Focus After Failed Bid for Anglo American

    BY John Davis
    BHP, the world’s largest mining company, has shifted its focus to other growth opportunities after its unsuccessful attempt to acquire Anglo American earlier this year, Chairman Ken MacKenzie said on Wednesday. The company walked away from a \$49 billion bid in May after being rebuffed three times by Anglo American. The end of a six-month...
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  • Kutch Copper in Talks with BHP for Major Copper Concentrate Supply Deal

    BY Lars Jensen
    Gautam Adani-controlled Kutch Copper is reportedly in discussions with Australian mining giant BHP to secure a substantial copper concentrate supply. According to a report by The Economic Times, the potential agreement could involve up to 1.6 million tonnes per annum (mtpa) of copper concentrate. The deal is projected to be worth approximately Rs 30,000 crore...
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  • BHP Billiton’s Olympic Dam Disruption Unlikely to Affect Market Significantly

    BY Sophia Schmitz
    Morgan Stanley analysts Rahul Anand and Shannon Sinha believe that the recent disruption at BHP Billiton’s Olympic Dam copper operations is unlikely to have a significant impact on either the company or the wider market. In a report, the analysts estimated that while it remains unclear how long the mining and processing operations will be...
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  • BHP Advances Key Projects and Sees Increased Production Across Major Commodities

    BY Sophia Schmitz
    BHP reported a strong start to the 2025 financial year, with production increases across its major commodities during the quarter ending September 30, 2024. The company saw copper production rise by 4%, driven by higher grades and recoveries at the Escondida mine in Chile. Iron ore production from Western Australia Iron Ore (WAIO) increased by...
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  • BHP’s Nickel Production Surprises with Strong Q1 Performance

    BY Lars Jensen
    The only surprising aspect of Australian resources giant BHP’s July-September (Q1) production results was better-than-expected nickel production, according to Citi analysts. BHP’s currently shuttered nickel operations produced 19,600 tonnes, 35% more than Citi had expected. Other than that, the company stated that its performance was “broadly in line with expectations” and that “there are no...
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  • BHP Group Eyes Botswana Copper After Failed Anglo American Bid

    BY John Davis
    Global mining giant BHP Group has turned its attention to Botswana’s copper resources following a failed £38.6 billion bid for Anglo American. Reports indicate that the primary motivation behind the bid was BHP’s desire to acquire Anglo’s copper mines, highlighting copper’s growing importance as the world shifts away from fossil fuels. BHP has stated on...
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