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BHP - Latest news GMK Center

Photo – BHP and Rio Tinto see growth potential in India and ASEAN
BHP and Rio Tinto see growth potential in India and ASEAN

In this way, companies are preparing to offset the stagnation in the steel market in China

Photo – BHP is set to increase its iron ore production by 1 million tons in 2025 thanks to AI
BHP is set to increase its iron ore production by 1 million tons in 2025 thanks to AI

Computer vision technology has reduced downtime and improved efficiency

Photo – China has released BHP’s iron ore stockpiles at the port
China has released BHP’s iron ore stockpiles at the port

Companies are required to report transactions involving raw materials to the CMRG

Photo – BHP has signed an agreement with a Chinese state-owned buyer for iron ore supplies
BHP has signed an agreement with a Chinese state-owned buyer for iron ore supplies

The details of the agreements have not been disclosed, so it is difficult for the market to assess their scope at this time

Photo – China will ease restrictions on certain shipments of BHP iron ore
China will ease restrictions on certain shipments of BHP iron ore

This move comes amid an ongoing contract dispute with the mining company

Photo – China extends ban on BHP iron ore imports – Reuters
China extends ban on BHP iron ore imports – Reuters

Over the past six months, Beijing has gradually tightened restrictions on the company's cargo shipments amid a contract dispute

Photo – China expands restrictions on iron ore imports from BHP
China expands restrictions on iron ore imports from BHP

The state buyer urged traders to refrain from purchasing new cargoes

Photo – Australia watches companies negotiate with China over iron ore
Australia watches companies negotiate with China over iron ore

Government officials concerned about potential impact of price on federal budget

Photo – BHP seeks alternative ore buyers amid contract dispute with China – Reuters
BHP seeks alternative ore buyers amid contract dispute with China – Reuters

The company shipped Jimblebar ore to Malaysia and Vietnam

Photo – BHP produced a record 146.6 million tonnes of iron ore in the second half of the year
BHP produced a record 146.6 million tonnes of iron ore in the second half of the year

The company maintained its annual forecast but acknowledged price concessions in negotiations with China

Photo – Rio Tinto and BHP to join forces in the Pilbara region
Rio Tinto and BHP to join forces in the Pilbara region

The companies will cooperate to extract up to 200 million tons of iron ore from two adjacent sites

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