BHP reports record HY iron ore production, flags price concessions

China strikes a blow in $100b iron ore market as BHP accepts lower prices

Australia’s largest miner is locked in a protracted stand-off with Chinese steel mills over the terms of new supply deals.

BHP's Potash Blowout Overshadows Australia Iron Ore Record

(Bloomberg) — BHP Group, the world’s largest miner, has again blown past cost estimates for its key Jansen potash project in Canada, raising projected investment in the first phase to $8.4 billion — $1 billion above the upper range of an already revised budget announced last year.

BHP reports record HY iron ore production, flags price concessions

Jan 20 (Reuters) – BHP Group has accepted lower prices for some iron ore during annual contract negotiations with ‍China, it said on Tuesday, as it reported record first-half production of the key steelmaking ingredient. The miner also flagged a 20% jump in costs for its Jansen ‌potash project in Canada. BHP said ‌it was currently negotiating annual contract terms with state iron ore buyer China Mineral Resources Group (CMRG). “During negotiatio…

BHP's Canadian potash project in another cost blow out

Shares in BHP dipped in morning trade after its Canadian potash project's price tag again increased by US$1 billion, while its WA Iron Ore operations achieved record production.