BHP Group Ltd (LSE:BHP, ASX:BHP), Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) and Fortescue Ltd (ASX:FMG) shares have fallen to multi-month lows as weaker iron ore prices, concerns over global capital expenditure and softer earnings expectations put pressure on Australia's major miners. BHP was down 1% to $57.92 after falling as much as 1.5% to a three-month low of $57.69, bringing the stock wi...
BHP Group Ltd (LSE:BHP, ASX:BHP) is laying the groundwork for a major multi-billion-dollar underground expansion at Olympic Dam in South Australia, with a newly declared block cave resource signalling the direction of its long-awaited Australian copper growth plan. The miner included the new resource beneath the existing Olympic Dam underground operations in its September quarter production rep...
The supervisors' union at BHP's Escondida copper mine in Chile said they will begin a strike on Wednesday after mediation efforts to tie up a new collective labor contract had failed, the union said on Tuesday.
UBS, the Swiss bank, expects BHP Group Ltd (LSE:BHP, ASX:BHP) and Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) to deliver stronger iron ore shipments in the September quarter, although weak Chinese demand is keeping prices under pressure. UBS analysts Myles Allsop, Lachlan Shaw and colleagues said iron ore prices had fallen to about $91 a tonne, with free-on-board prices at more than 10-year lows.
Supervisors at Chile's Escondida copper mine, the world's largest, rejected a collective contract offer on Wednesday, paving the way for a potential strike at the site.
The latest rebalance of VettaFi's Thematic Rotation Quality Momentum Screened Index (TQRMS), tracked by the NBI Thematic Rotation ETF (NTHM:TSX), reshapes the portfolio around a new set of themes. GLP-1 weight loss drug manufacturers and midstream energy join the index, while battery technology & storage and software-as-a-service (SaaS) exit.
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