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BHP aims to restart Olympic Dam copper facility this month

By: Reuters     10th October 2018 BHP expects a plant at its Olympic Dam mine to restart this month following repairs and the company has found a way to deliver returns from the asset as part of a focus on maxmising productivity, its head of Australian operations said on Tuesday. "The expectation remains that we'll have that... 

BHP sees major copper demand boost from China's widening belt and road

By: Reuters     4th October 2018 China's overseas expansion will spread over land that is home to more than half the world's population, potentially boosting copper use by 1.6-million tonnes, or roughly 7% of annual demand, major miner BHP said on Thursday. BHP has analysed the impact of China's Belt and Road Initiative (BRI),... 

BHP'S Kalgoorlie nickel smelter restarts after fire - BHP

By: Reuters     4th October 2018 Production at BHP's Kalgoorlie nickel smelter restarted on Wednesday after a fire last month, a company spokeswoman said on Thursday. "There was a fire at the BHP Nickel West Kalgoorlie Smelter on September 23 in the furnace building. The smelter is operating and production restarted again... 

Metallurgical coal miners may curb costs as prices slip – Fitch Ratings

By: Tasneem Bulbulia     28th September 2018 Strong cost inflation in the global metallurgical coal sector suggests that miners may focus on cost controls as prices decline over the next 18 months, says Fitch Ratings and CRU. CRU estimates that global costs in the metallurgical coal sector increased by 18% in 2017 and continued to rise this... 

Australia faces increased blackout risks this summer as coal plants age

By: Reuters     24th August 2018 The risk of blackouts in Australia's upcoming summer has grown from last year as ageing coal-fired power plants have become less reliable, the nation's energy market operator said on Friday, calling for more power investment in the next few years. The Australian Energy Market Operator's (AEMO)... 

Nutrien steers potash recovery as BHP waits in the wings

By: Reuters     20th August 2018 Canada's Nutrien, the world's biggest potash miner by capacity, has helped engineer a surprising price rebound for the fertilizer by idling capacity. Now the trick will be keeping prices from appreciating too much to ensure a major would-be competitor, BHP Billiton, stays on the sidelines. 

BHP says Brazil court approves Samarco settlement

By: Reuters     10th August 2018 Mining heavyweight BHP said on Thursday a federal court in the Brazilian state of Minas Gerais approved an agreement between miner Samarco and Brazil authorities, marking a milestone in the legal battle over a deadly 2015 dam failure. A 20-billion reais ($5.- billion) lawsuit against Samarco,... 

BHP asks for government mediation in talks at Chile's Escondida

By: Reuters     7th August 2018 Miner BHP said on Monday that it had formally requested a period of government mediation with the union at its Escondida copper mine in Chile, the world's largest, prompting the union to postpone the start of a strike approved by workers. The two parties will meet, together with a government... 

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

By: Reuters     6th August 2018 The union at BHP 's Escondida mine in Chile, the world's biggest copper mine, has told the company it should prove its willingness to negotiate by Monday morning if seeks to strike a deal with workers ahead of a pending strike, according to an internal union communication obtained by Reuters.... 

Workers at Codelco's Chuquicamata copper mine in Chile walk off job

By: Reuters     30th July 2018 Workers at Codelco's Chuquicamata copper mine in Chile, the state miner's second largest by output, walked off the job on Monday morning in protest at the "unjustified layoff" of two workers, union leaders told Reuters. Chuquicamata Union No. 1, 2, and 3, as well as Antofagasta Union No. 1... 

BHP awards A$176m South Flank bulk earthworks contract

By: Esmarie Iannucci     18th July 2018 Mining services provider NRW Holdings has been awarded a A$176-million contract by mining major BHP for bulk earthworks and concrete works at the South Flank project, in the Pilbara. The South Flank operation will leverage and expand on the existing Mining Area C hub, and is BHP's preferred... 

BHP, workers at Escondida mine in Chile 'far from agreement'

By: Reuters     6th July 2018 Negotiations between workers and BHP Billiton at the Escondida copper mine in Chile, the world's largest, are "far from reaching agreement" with less than three weeks to go before the negotiation deadline, a union official told Reuters on Thursday. The official, Carlos Allendes, said the union... 

BHP, union at Chile's Spence copper mine reach labour agreement

By: Reuters     12th June 2018 Unionised workers at BHP's Spence copper mine in northern Chile agreed on Monday to a new collective labor contract, the company and the union said. The deal comes as the Anglo-Australian miner begins talks with the nearly 2 500-member union at its Escondida copper mine in northern Chile, the... 

BHP Escondida mine workers in Chile start new wage talks

By: Reuters     2nd June 2018 The union of workers at BHP's Escondida copper mine in Chile said on Friday it had kicked off the latest round of labor negotiations with a contract proposal that includes a bonus of about $34,000 per worker at the world's largest copper mine. The closely-watched talks come little more than one... 

Only one-third of the 15 largest copper producers reported positive production trends – S&P Global

By: Henry Lazenby     25th May 2018 Only about one-third of the 15 largest copper producers with output of more than 40 000 t of copper per quarter reported positive production trends during the first quarter of this year, driving quarter-on-quarter output 4.8% or 136 548 t lower, a new report by S&P Global has found. However, on... 

Chile copper output up 18.9% in first quarter 2018 – Cochilco

By: Reuters     9th May 2018 Chile's copper production increased 18.9% in the first quarter of 2018 from the same period a year earlier, Chilean copper commission Cochilco said on Tuesday. Production this year was boosted by a low basis for comparison following an historic strike last year at BHP's Escondida copper mine, the... 

Cochilco forecasts Chile's 2018 copper output up 4.3%

By: Reuters     21st April 2018 Chilean copper commission Cochilco forecast on Friday that Chile would produce 5.76-million tonnes of the red metal in 2018, up 4.3% from 2017, while estimating copper prices at $3.06 per pound this year. The projections follow a difficult year for the world's top copper producer in 2017, after... 

BHP sees limited impact on steel market from US new tariffs

By: Reuters     22nd March 2018 Global miner BHP anticipates planned new US steel import tariffs will have a limited impact on both the steel market and the firm, and doesn't foresee a chain reaction from other countries, a senior official said on Thursday. "I think direct impact on steel is quite marginal because the United... 

Chile's Escondida invites union to early labor talks

By: Reuters     15th March 2018 BHP's Escondida copper mine in Chile, the world's largest, said on Wednesday that it has invited its powerful workers' union to start early talks on a new collective labor contract. Last year, a more than month-long strike at Escondida ended with workers opting to extend their previous contract... 

BHP to open data rooms for US shale fields, deals may be announced before year-end

By: Mariaan Webb     20th February 2018 Mining giant BHP will open the data rooms for its onshore US assets next month, the group said on Tuesday, as it confirmed that deals may be announced before the end of this year. Under pressure from activist investors, including Elliott Management, to get out of the shale business that it... 

BHP Billiton expects drilling of first new Trion well to begin in October

By: Reuters     16th February 2018 Drilling of the first new exploration well in BHP Billiton's deepwater Trion project will begin in October, part of a plan approved by Mexican regulators on Thursday that also revised downward the project's estimated oil and gas resources. Australian mining and oil giant BHP Billiton won the... 

BHP second-quarter iron-ore output up 3%, maintains forecast

By: Reuters     18th January 2018 Global miner BHP on Thursday reported a 3% rise in second-quarter iron-ore production year over year and said it expects to meet its full-year target as prices for the steelmaking ingredient outperform forecasts. BHP's iron-ore output climbed to 72-million tonnes for the three months ended... 

Decmil wins A$75m BHP contract

By: Esmarie Iannucci     9th November 2017 Project house Decmil has been awarded a A$75-million contract by mining major BHP. The company said that the awarded contract was for the first phase of a A$105-million upgrade and expansion of the Mulla Mulla village, which will support the current operations at Mining Area C, as well as the... 

BHP to invest $2.46bn to extend life of Chilean mine

By: Creamer Media Reporter      17th August 2017 BHP has approved capital expenditure of $2.46-billion for the Spence Growth Option (SGO) at the Spence opencut copper mine, in northern Chile, which will extend the mine life by more than 50 years.   CEO Andrew Mackenzie on Thursday said the SGO project supports BHP's strategy to deliver... 

Decmil wins BHP contract

By: Esmarie Iannucci     17th August 2017 Mining contractor Decmil has been awarded a A$13-million contract at mining major BHP’s new South Flank project, in the Pilbara. The scope of the project will include civil and enabling works for the expansion of the Mulla Mulla village, which will be required to support current operations at... 

BHP gets ball rolling on new Pilbara iron-ore mine

By: Esmarie Iannucci     26th June 2017 Mining major BHP has approved a $184-million initial investment into the South Flank iron-ore project, in the Pilbara. The South Flank operation will leverage and expand on the existing Mining Area C hub, and is BHP's preferred option to replace the 80-million-tonne-a-year Yandi mine, which will... 

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