Tag: BHP
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‘Generational opportunity’: BHP’s bold $840 million copper splash
BHP announced its new investment would trigger huge future growth of the SA copper province at the company’s Olympic Dam mine 560 kilometres north of Adelaide at a press conference attended by Premier Peter Malinauskas, Treasurer Tom Koutsantonis and three federal ministers. Building a new access tunnel, a more extensive underground train network with six…
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Political heavyweights in SA for major BHP announcement
Premier Peter Malinauskas and Treasurer Tom Koutsantonis are at Olympic Dam today for a major announcement from mining giant BHP expected to centre on its world-class copper resource. Others to have flown to the site include Federal Trade Minister Don Farrell, Resources Minister Madeleine King and Industry and Innovation Minister Tim Ayres, as well as…
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‘Collateral damage’: Hundreds more mining jobs axed
Mining communities fear they may become “collateral damage” in a coal royalty dispute after hundreds more jobs were lost in the resources sector. Anglo American Australia became the second mining giant in as many days to announce layoffs in Queensland, with up to 200 jobs believed to be affected. The news comes after the BHP…
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‘Had enough’: Calls for end to coal royalties debate
A community is reeling after its long running mine was mothballed with claims it has been caught in the crossfire of a state’s coal royalties debate. A mayor has called on the Queensland government to sort out the royalties issue, saying her region has “had enough” after being hit hard by a mining giant’s announcement.…
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Mining giant to axe jobs and mothball mine
The Saraji South mine in the Bowen Basin will be placed into care and maintenance from November. The BHP Mitsubishi Alliance said while the 50-50 joint venture company didn’t want to see operations paused or jobs lost, the state’s coal royalty scheme was causing issues. “These are necessary decisions in the face of the combined…
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Aussie mining giant’s SA boon amid profit slump
Miner BHP saw its South Australian earnings grow by 23 per cent in the last financial year, driven by higher-than-average realised prices for copper, gold and silver. The group generated US$1.9 billion in FY25 from SA operations – up from US$1.6 billion the year prior – and produced 316 kt of copper over the 12…
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Queensland mineworkers to get pay rise
Three of BHP’s Central Queensland mines will soon employ the new Same Job Same Pay laws following a landmark decision by the Fair Work Commission to greenlight wage rises for thousands of mineworkers. These laws will increase pay in the order of $30,000 for around 2,200 mineworkers currently working under the labour hire model pioneered by…
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BHP sets copper mining record at Olympic Dam
BHP’s South Australian copper business has performed better than expected following the $9.6 billion acquisition of OZ Minerals last year, with the company delivering record amounts of material mined at Olympic Dam. The company said it achieved record copper mined and concentrate smelted at Olympic Dam in FY24 – with production rising by 39 per…
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Mining giant pins its flag to the wall by declaring shift to electric
However, the diversified miner’s carbon footprint will get worse before it gets better as commodity production ramps up to meet global demand, investors were warned at a roundtable on Wednesday. “It’s not going to be a straight line”, climate vice-president Graham Winkelman said, as the company grows to meet increasing global demand for its commodities,…
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BHP walks away from $74 billion Anglo American takeover bid
Anglo had granted BHP a one-week extension until Wednesday to its original May 22 deadline to submit a binding offer, after last week rejecting a third takeover proposal that it dismissed as difficult to execute. “While we believed that our proposal for Anglo American was a compelling opportunity to effectively grow the pie of value…