76 stories mentioning ASX:BHPUpdated 2d ago
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Consumer discretionary stocks advanced more than 1% at midday Tuesday.Wesfarmers (ASX:WES) gained 1% in recent trade.On the flip side, the materials sector struggled, shedding more than 2%.BHP Group (ASX:BHP) shares fell past 2% in recent trade.
BHP Group (ASX:BHP) said Friday a member of its team working for one of its contracting partners suffered a fatal injury in a "vehicle-related incident" at the Peak Downs coal mine in Queensland.Another team member was injured, the miner said in a statement, adding that it was working with emergency services and the Resources Health and Safety Queensland and providing support to the families and loved ones involved.The company's shares fell past 2% in recent trading on Friday.
GR Engineering Services (ASX:GNG) secured an engineering, procurement, and construction contract worth AU$229.5 million with BHP Iron Ore, a BHP Group (ASX:BHP) subsidiary, as agent for the participants in the Yandi joint venture, according to a Friday filing with the Australian bourse.The contract relates to works on the Yandi eastern front-end facility upgrade, part of the Ministers North project in Western Australia, the filing said.
Materials stocks advanced nearly 2% at midday Thursday.BHP Group (ASX:BHP) gained almost 2% in recent trade.On the flip side, the information technology sector struggled, shedding nearly 3%.Xero (ASX:XRO) shares fell almost 4% in recent trade.
Materials stocks advanced nearly 3% at midday Wednesday.BHP Group (ASX:BHP) gained more than 3% in recent trade.On the flip side, the healthcare sector struggled, shedding 2%.CSL (ASX:CSL) shares fell 3% in recent trade.
Shares of Fortescue (ASX:FMG) fell nearly 1%, and those of Rio Tinto (ASX:RIO) were down 0.2% in recent trading on Tuesday after iron ore prices fell to the lowest level in nearly two weeks.The price of iron ore dropped by 1% to $98.60 per tonne.Meanwhile, shares of BHP Group (ASX:BHP) gained nearly 1%.
Communication services stocks advanced more than 1% at midday Friday.Telstra Group (ASX:TLS) gained nearly 2% in recent trade despite news that its CEO Vicki Brady will appear before the Senate Environment and Communications References Committee on Friday as part of an inquiry into the Triple Zero service outage.On the flip side, the materials sector struggled, shedding more than 3%.BHP Group (ASX:BHP) shares fell past 3% in recent trade following the start of a workers strike at its Port Hedland operations in Western Australia.
The workers strike at BHP's (ASX:BHP) Port Hedland operations in Western Australia is "deeply concerning," Australian Senator Dean Smith said in a Facebook post on Thursday after market hours.Smith, an opposition member, said the Albanese Government has encouraged union-first workplace laws, which put Western Australian jobs and the national economy at risk."When operations at such a critical export gateway are disrupted, the economic consequences are felt not just across the Pilbara, but throughout Western Australia and the nation," Smith said.
Australian shares were flat on Thursday after major indices on Wall Street posted gains, but the materials sector fell as BHP posted lower fiscal year 2027 copper production guidance.The S&P/ASX 200 Index was little changed to close at 8,840.40.Brent crude oil futures continued to trade around $85 per barrel as the US conducted further strikes inside Iran. The Wall Street Journal reported US President Donald Trump is considering expanding US military operations in Iran.On the domestic front, Australia's consumer inflation expectations fell by 0.8 percentage points in July to 4.7%, according to the Melbourne Institute Survey of Consumer Inflationary Expectations.Australian household spending rose 0.3% in June, with end-of-financial-year sales less impactful than in 2025, as inflation and higher-for-longer interest rates weighed on consumers, according to the Commonwealth Bank of Australia. Gains were recorded across 10 of the 12 spending categories, led by utilities and education.In company news, BHP Group (ASX:BHP) reported fiscal year 2026 copper production of 1.95 million tonnes, down 3% from fiscal 2025 but within its guidance range of 1.9 million tonnes to 2 million tonnes. For fiscal year 2027, BHP Group is targeting copper output of 1.65 million to 1.8 million tonnes and iron ore production of 260 million to 272 million tonnes. Its shares fell past 2% on market close.AMP (ASX:AMP) expects the first-half 2026 underlying net profit after tax of AU$170 million to AU$180 million, with the increase driven by stronger contributions from its China partnerships, favorable investment income impacts due to recent interest rate hikes, and the recognition of about AU$13 million of carried interest in relation to the partial sale of certain assets within a legacy fund.Perpetual (ASX:PPT) said it has received a revised non-binding, conditional proposal from EQT-controlled Windflower to acquire all of its shares via a scheme of arrangement for AU$22.07 per share, up 2% from the previous AU$21.64 offer.
Communication services stocks advanced more than 1% at midday Monday.Telstra Group (ASX:TLS) inched up marginally in recent trade.On the flip side, the materials sector struggled, shedding 2%.BHP Group (ASX:BHP) shares fell nearly 3% in recent trade after approving the execution of its Ministers North iron ore joint venture project in Western Australia with a planned investment of about $900 million.
BHP Group (ASX:BHP) approved the execution of its Ministers North iron ore joint venture project in Western Australia with a planned investment of about $900 million, the company said Thursday.The project will leverage existing infrastructure at the Yandi mine to deliver 20 million tonnes of iron ore per year once it is ramped up. Site works for development will start this month, with first ore expected in fiscal 2029, the company said.It added that the project involves the construction of a 13-kilometer haul road and land bridge between Yandi and Ministers North, as well as the installation of a new primary and secondary crusher at Yandi to support future production.BHP holds an 85% interest in Ministers North, with Itochu and Mitsui & Co holding 8% and 7%, respectively.BHP Group shares fell 2% in recent Thursday trade.
Australian shares are poised to rise on Thursday, tracking gains in global markets, as oil prices edged higher after fresh US strikes on Iranian military targets heightened concerns about supply risks in the Middle East.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 0.4%, 0.6%, and 0.3%, respectively.In the macroeconomy, Australian property vendors are increasingly opting for private treaty sales over auctions as weaker buyer demand, falling clearance rates, and rising auction withdrawals reshape the housing market, Cotality said in a Thursday report.The consumer inflation expectations report is due at 11:00 am Sydney time.In corporate news, BHP Group (ASX:BHP) reported fiscal year 2026 copper production of 1.95 million tonnes, down 3% from fiscal year 2025 but within its guidance range of 1.9 million tonnes to 2 million tonnes.Ora Banda Mining (ASX:OBM) reported record quarterly gold production of 39,552 ounces for the June quarter, bringing fiscal year 2026 production to 140,949 ounces, in line with guidance.Australia's benchmark index rose 0.4% or 32.6 points to close at 8,841.10 on Wednesday.
BHP Group (ASX:BHP) reported fiscal year 2026 copper production of 1.95 million tonnes, down 3% from fiscal 2025 but within its guidance range of 1.9 million tonnes to 2 million tonnes, according to a Thursday filing with the Australian bourse.The company also reported full-year iron ore production of 264.7 million tonnes, up 1% from the previous year and within its guidance range of 258 million to 269 million tonnes, per the filing.For fiscal year 2027, BHP Group is targeting copper output of 1.65 million to 1.8 million tonnes and iron ore production of 260 million to 272 million tonnes.The company said it plans to outline a strategy in November to potentially double copper production at its Copper South Australia division.
Materials stocks advanced 2% at midday Wednesday.BHP Group (ASX:BHP) gained 4% in recent trade after the New South Wales Government proposed that its Mt Arthur coal mine land be rezoned to allow for other uses besides mining under the Mt. Arthur Coal Mine Transformation Precinct Master Plan.On the flip side, the energy sector struggled, shedding nearly 1%.Woodside Energy Group (ASX:WDS) shares fell past 1% in recent trade.
BHP Group (ASX:BHP) said Tuesday the government of New South Wales proposed that its Mt Arthur coal mine land be rezoned to allow for other uses besides mining under the Mt. Arthur Coal Mine Transformation Precinct Master Plan.The company said in a statement that around 5,400 hectares of land could potentially be rezoned, and around 950 hectares of land within the mine's footprint would be prioritized for "early activation."The master plan would provide a range of future uses of the site's infrastructure once BHP stops mining, per the statement.
Materials stocks advanced 2.3% to lead gainers in midday trading Friday as markets digested reports of renewed clashes in the Middle East.BHP Group (ASX:BHP) shares rose nearly 3%, and Rio Tinto (ASX:RIO) climbed past 3%.On the flip side, health care stocks fell 1.6% to lead decliners.Sigma Healthcare (ASX:SIG) was 2% lower after it said on Thursday that shareholders Jack and Sam Gance may sell up to 20% of their respective stakes in the company once the shares are released from escrow.
(Updates with a BHP statement in the fifth and sixth paragraphs.)BHP Group (ASX:BHP) workers at its Port Hedland operations in Western Australia will go on an eight-hour strike on July 16 after failing to reach a labor agreement with the company, according to multiple Wednesday media reports.The move, which The Australian described as the local iron ore industry's "most significant strike action" in decades, will include 236 of the roughly 450 employees at Port Hedland.The Australian Workers Union, the Electrical Trades Union, and the Australian Manufacturing Workers Union have given the company a required five-day notice period for the strike, ABC News reported.BHP Group previously cautioned that a Port Hedland shutdown could cost the company north of AU$120 million in daily revenue, according to the reports.A company spokesperson toldthat the unions are demanding annual pay packets of up to AU$400,000, which is considerably higher than the national median earnings for registered nurses, school teachers, and fire and emergency workers.BHP remains focused on "reaching a fair, competitive and reasonable agreement with our people," the spokesperson said.Its shares fell past 3% in recent Wednesday trade.
BHP Group (ASX:BHP) workers at its Port Hedland operations in Western Australia will go on an eight-hour strike on July 16 after failing to reach a labor agreement with the company, according to multiple Wednesday media reports.The move, which The Australian described as the local iron ore industry's "most significant strike action" in decades, will include 236 of the roughly 450 employees at Port Hedland.The Australian Workers Union, the Electrical Trades Union, and the Australian Manufacturing Workers Union have given the company a required five-day notice period for the strike, ABC News reported.BHP Group previously cautioned that a Port Hedland shutdown could cost the company north of AU$120 million in daily revenue, according to the reports.The company did not immediately respond to a request for comment from.Its shares fell past 3% in recent Wednesday trade.
Energy stocks led gainers with a rise of 2.6% in midday trading Wednesday as oil prices advanced more than 2%.Woodside Energy (ASX:WDS) gained nearly 3%, and Santos (ASX:STO) jumped almost 5%.Most other sectors were lower, however, with materials shedding 2.4% to lead decliners.BHP Group (ASX:BHP) fell about 3%, and Rio Tinto Group (ASX:RIO) retreated past 2%.
BHP Group (ASX:BHP) secured a four-year non-union agreement covering 4% yearly pay raises and higher allowances and benefits with its workforce at the Mining Area C and South Flank operations in Western Australia, the Australian Financial Review reported Friday.The enterprise agreement, which covers 1,814 staff, received a nod from about 58% of the voting workforce at the two iron mines.Tim Day, asset president of Western Australia Iron Ore at BHP, called the agreement a "win-win" for both sides, AFR reported."This agreement maintains industry-leading pay and conditions while supporting safe, productive and sustainable operations at MAC and South Flank," Day said as quoted by AFR. "It also provides greater certainty for our workforce and operations into the future."(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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