Fitch Solutions expects iron ore prices to ease in the short-term as supply improves and demand growth slows. Read more
BHP has committed $US544 million ($736.5 million) in capital for the Shenzi North oil project in the US Gulf of Mexico.
BHP has proposed a $C325 million ($351 million) takeover offer for Noront Resources following a previous bid by Andrew Forrest’s Wyloo Metals.
BHP will supply Tesla with nickel from its Nickel West operations in Western Australia as part of a collaboration that will aim to make the battery supply chain more sustainable. Read more
BHP expects to achieve its cost guidance for the 2021 financial year at the Western Australia Iron Ore and Queensland Coal operations after breaking production records.
Wood Mackenzie has forecast that lower Chinese demand will be the driving factor that causes iron ore prices to decrease by more than 10 per cent in the coming months.
The market value of the world’s top 25 metals and mining companies has declined by 6.9 per cent in June after two straight months of increases, according to S&P Global Market Intelligence data.
Monadelphous has won contracts worth $215 million with a list of multinational miners, including BHP, Rio Tinto and Fortescue Metals Group. Read more