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Aussie Mining Giant Cuts Hundreds of Jobs
The miner says it will redeploy workers where possible as it reviews operations to keep the business safe, effective and productive.
Mining giant BHP confirmed it will cut about 300 operational roles at its Pilbara-based sites, including South Flank, Mining Area C, Newman, and Jimblebar, while engaging with affected staff.
Rising production costs in Western Australia reached US$19.66 per tonne in 2025–26, pressuring BHP to control expenses even as June quarter output fell 3 percent year-over-year.
Electrical Trades Union WA Secretary Adam Woodage criticized the move as a "senseless attack," stating the union will demand that BHP prove every redundancy is genuinely needed.
The Office of the Chief Economist forecasts Australia's iron ore export earnings will drop from $107 billion this financial year to $96 billion in 2027–28 amid price declines.
Prices are expected to keep falling as global supply rises and demand weakens, easing to about US$82 a tonne in 2027 and US$64 by 2031 after inflation adjustment.