News Articles for BHP

In the high-stakes world of high-tech, Atomos had not so long ago lost its way. But with a new product suite and a new-old boss, the company appears to be surging back towards a healthy financial future. It comes on the back of returned managing director Jeromy Young's restructuring of the company and its share price is now riding high on the promise of elevated sales.

BHP has emerged as the buyer of Port Hedland's notorious Pier Hotel for an undisclosed sum.

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.

BHP has reported a small rise in annual revenue and underlying earnings but its bottom-line profit and dividend are both sharply lower.

Javelin Minerals has increased the JORC resource estimate for its Coogee gold-copper project near Kambalda in WA by 158 per cent to 3.65 million tonnes at 1.08g/t gold and 1.01 million tonnes at 0.41 per cent copper. The significant upgrade relates to a revised gold content of 126,685 ounces and was determined from an independent review of historic estimates, assumptions and drilling.

BHP has flicked the switch on its first electric excavator for a trial run at its Yandi iron ore mine in the Pilbara.

A heavy rail research centre has opened in Karratha ahead of the anticipated launch of a manufacturing facility in the Pilbara city by the end of the year.

Aruma Resources has acquired three new projects featuring copper and uranium in South Australia and Queensland, adding to the company's three-project rare earths and lithium portfolio in Western Australia. The new projects include the Wilan iron oxide-copper-gold-uranium project on SA's Olympic Dam doorstep and the Queensland-based Fiery Creek copper play and Bortala copper operation that both sit within the State's Mt Isa region.

Economic empowerment will be the new focus of the federal government's Indigenous affairs efforts as it moves on from last year's failed voice to parliament referendum.

A BHP railcar left the tracks during work at the iron ore miner's Port Hedland rail yard this morning, with no injuries reported and no materials spilt.

BHP plans to form a joint venture with Canada's Lundin Mining to develop two copper projects in South America, highlighting its keen focus on the ‘future facing' commodity.

Buxton Resources has kicked off Aboriginal heritage surveys at its 100 per cent-owned greenfield Centurion prospect in Central Australia as it seeks clearance to fuel its aim to discover a significant iron oxide-copper-gold (IOCG) deposit at the site. The critical surveys are being carried out by members of the Parna Ngururrpa and Ngurra Kayanta traditional owner groups that hold the cultural authority over the land.

BHP has toasted record iron ore and copper production in a boost to the mining giant after a week to forget for the company's nickel division.

IGO is preparing to write down the value of two of its nickel exploration assets by up to $295 million, marking another blow for the miner amid depressed market conditions.

Leinster's fortunes are joined at the hip to BHP and nickel. As the company town nears its 50th anniversary, its future is more uncertain than ever.

Shutdowns and cutbacks in Western Australia's nickel, iron ore, alumina and lithium sectors have led to the loss of about 6,300 jobs this year.

Nickel miner Igo and Andrew Forrest's Wyloo Metals have paused progressing a battery materials facility in Kwinana amid current market conditions.

Engineering consultant GHD has won a contract to carry out preliminary engineering on a shared-use power transmission network designed to support the Pilbara's decarbonisation.

Red Metal's metallurgical testwork has given a green light to the rare earths at its Sybella play near Mount Isa in Queensland, with bulk mining and a low-cost heap leach process to lead to a potential mining operation. The company says granite-hosted soft ore that appears to be abundant in its ground, offers simple crushing and processing options that provide an economic edge to the project.

BHP's iron ore boss has called for greater collaboration to build an interconnected Pilbara energy grid to help the region's industry heavyweights decarbonise.

ASX-listed K2fly's cloud-based software solution that audits mineral inventories has attracted as new customer, with Canadian company Lundin Mining committing to a new three-year, $661,000 agreement. The deal – which has an annual recurring revenue value of $180,000 – will provide Lundin with a total mineral resource governance solution to be delivered at the corporate level, covering all of the company's material reporting sites.

Koolan Island iron ore mine is a celebrated part of WA's mining history but plans for its rehabilitation and the island's future are well under way.

Mining software provider K2fly's shares hiked 85 per cent today after revelations emerged that the company is set to be taken over by globally-renowned, technology-focused investment firm Accel-KKR. Under the binding scheme implementation deed signed by the two companies, K2fly shareholders will be entitled to receive 19c per share – representing a massive 90 per cent premium on the company's previous closing price of 10c.

A notorious Pilbara pub, which has been for sale on-and-off for more than a decade, will shut its doors by the end of the month.

Middle Island Resources has secured the maximum $300,000 grant from the NT Government, which the company says is an endorsement of the significant targets at its Barkly copper-gold “super-project” in the Top End. The co-funded payment will enable the first-round testing of a spread of iron oxide-copper-gold targets at its Georgina project and one deep diamond-hole at its Bedrock prospect within the Barkly ground.

BHP will not be making a firm offer for Anglo American, saying its target had refused to provide key information that it required.

UPDATED: Anglo American has rejected BHP's request for extra time to finalise a takeover bid, saying BHP's latest proposal did not address high complexity and risk.

Iron ore rivals Rio Tinto and BHP will partner up on the development of battery-electric haul trucks in the Pilbara, while Fortescue is pushing along with its hydrogen haulage ambitions.

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.

New financial reports show a handful of Aboriginal groups gaining more income from mining royalties but others going backwards, while the sector as a whole remains the poor cousin.

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.

Resources heavyweight BHP has backed two organisations in the Pilbara, one to support people experiencing family and domestic violence and another aiding health outcomes of Indigenous children.

Government intervention in housing and energy spheres speaks as much to the lack of investor interest as it does political overreach.

CIMIC Group subsidiaries Sedgman and CPB Contractors have won a $757 million contract from BHP.

BHP has submitted a sweetened takeover proposal to Anglo American, valuing the rival miner at nearly $64 billion, but it has again been rebuffed.

Project closures and scale backs in early 2024 presented a stark contrast to the recent era of project delivery in WA.

Mining software provider K2fly has recorded a remarkable 15 straight quarters of annual recurring revenue (ARR) growth, which it says has been driven by contract renewals from two major clients. According to its March quarterly report, the company delivered an ARR of $8.3 million in the first three months of the calendar year, representing a 19 per cent increase compared to the previous corresponding period.

UPDATED: BHP has confirmed mega-merger talks with UK-listed Anglo American, but a potential $60 billion deal which would build the world's biggest copper miner has been rejected by its target.

BHP has set a timeline for a review into its troubled Nickel West operations, as the company navigates a depressed market for its product.