In a landmark agreement, BHP, Vale, and their joint venture Samarco have reached a $32 billion settlement with Brazilian authorities to address the devastating impacts of the 2015 Fundão tailings dam collapse in Mariana, Brazil. This settlement covers compensation for environmental damage, public health crises, economic disruption, and property loss. The Fundão dam disaster, which […]
BHP Group Ltd. is advancing a major expansion of its copper smelter and refinery at Olympic Dam in South Australia, aiming to meet the surging global demand for copper, crucial for the green energy transition. The South Australian Government has initiated an application and assessment process for this expansion, signaling a vital development in the […]
BHP and Lundin Mining Corporation have announced a strategic agreement to jointly acquire Filo Corp., with a total consideration of approximately CAD 4.1 billion. This major transaction also involves the formation of a 50/50 joint venture to advance the Filo del Sol and Josemaria copper projects, located in the Vicuña district spanning Argentina and Chile. […]
BHP has announced a strategic decision to temporarily suspend its Nickel West operations and the West Musgrave project, collectively known as Western Australia Nickel, starting from October 2024. This decision comes in response to an oversupply in the global nickel market, which has driven down prices and made current operations unsustainable in the short term. […]
Escondida, operated by BHP, has initiated a significant environmental project aimed at reducing greenhouse gas emissions by introducing an electric trolley system for its mining trucks. This initiative is part of BHP’s broader commitment to achieve net zero operational greenhouse gas emissions by 2050. The project, with an investment of approximately US$ 250 million, was […]
In an unprecedented move in the mining industry, Rio Tinto Group and BHP Group Limited are spearheading the testing of battery-electric haul truck technology in the Pilbara region of Western Australia. This collaborative effort involves global equipment manufacturers Caterpillar Inc. and Komatsu Ltd., aiming to accelerate the adoption and effectiveness of battery-operated heavy machinery in […]
Alliance Aviation Services, listed on the Australian Securities Exchange (ASX: AQZ), has proudly announced a significant extension of its contract with BHP Olympic Dam Corporation Pty Ltd, a subsidiary of BHP Group Limited (ASX: BHP), for an additional five-year term. This extension reflects the strong, ongoing partnership between the two companies. Long-Standing Relationship Strengthens Alliance […]
In a decisive move to bolster its role in the global potash industry, BHP has approved a substantial US$4.9 billion (C$6.4 billion) investment for the second stage of its Jansen potash project (Jansen Potash Project Stage 2) in Saskatchewan, Canada. This follows the previous US$5.7 billion (C$7.5 billion) allocated for Jansen Stage 1 in August […]
In a significant mining transaction, BHP and Mitsubishi Development Pty Ltd (MDP) have inked Asset Sale Agreements for the divestment of the Blackwater and Daunia mines. These mines are integral to the BHP Mitsubishi Alliance (BMA) metallurgical coal joint venture in Queensland, where both BHP and MDP have an equal 50% stake. Breaking Down the […]
In a major win for Woodside Energy Group, the Australian oil and gas giant has secured pivotal regulatory approval for its $7.2 billion Trion oil project offshore Mexico. The green light comes from Mexican regulator Comision Nacional de Hidrocarburos (CNH). The project is expected to begin oil production in 2028, further expanding Woodside’s footprint in […]