The UK court ruled: BHP should be held responsible for the 2015 Brazil tailings dam disaster

A UK court ruled on November 14 that Australian mining giant BHP Group Limited should be held responsible for severe environmental pollution caused by the 2015 tailings dam collapse in Brazil. BHP stated that the company had reached a compensation agreement with the Brazilian government regarding the incident last year, and the lawsuit in the UK was unnecessary; the company will appeal. (Xinhua News Agency)

The world-class Simandou iron ore mine has officially commenced production, giving China greater influence in global iron ore pricing

The world-class iron ore Ximangdu project officially commenced production on November 11, with reserves exceeding 4.4 billion tons and an iron grade of 65%. The project is led by Chinese enterprises, with deep participation from China Aluminum Group and China Baowu Steel Group. The commencement of production will break the monopoly of the three giants: Rio Tinto, BHP, and Vale SA. Analysts point out that "China has never had such a level of pricing power for seaborne iron ore."

BHP CEO: If regulatory policies are not adjusted, the Australian coking coal business is expected to face "difficult choices" in the future

BHP Chairman: The proportion of freight volume settled in non-US dollar currencies is less than 10%

BHP's Q1 iron ore production fell short of expectations but is optimistic about demand resilience; copper production increased by 4%, becoming a new pillar

BHP is optimistic about global iron ore demand in its latest report, despite its Q1 iron ore production being 70.2 million tons, lower than the market expectation of 71.55 million tons. Copper production increased by 4% to 493,600 tons, mainly due to increased output from the Escondida project in Chile. The company maintains its forecast for Western Australia's iron ore production for the fiscal year 2026, expecting it to be between 284 million and 296 million tons