In the middle of 2019, London was sweltering through a heatwave. Temperature records tumbled. Frail, ill and elderly people died in their hundreds. In a city not built for heat, trains were brought to a halt. Railway lines threatened to buckle and sagging power lines caused spot fires along the tracks. Across the channel, Belgium, the Netherlands and Germany also hit record temperatures. During the hottest week in late July, the then global chief executive of one of the world’s worst polluters was preparing to take the stage at a…
Tag: BHP
BHP quietly scrapped plan to build Pilbara plant that would have drastically cut emissions
BHP quietly dumped plans for an iron ore processing facility that would have cut emissions drastically, despite internally rating it as having “excellent social value” and being “well-aligned” to its shareholder-endorsed climate plan and decarbonisation targets. In 2025 the mining giant was well advanced in its plans to build a beneficiation plant near its Jimblebar open-cut mine in the Pilbara, which would greatly improve the purity and quality of its iron ore. BHP knew higher quality iron ore was desired by steelmakers across the globe, including in China, where government…
China’s reported BHP iron ore ban has wide-ranging ramifications. Here’s what to know
China, via a state-run enterprise, has reportedly banned its steel manufacturers from buying iron ore from Australian mining giant BHP, amid a strategic bid by Beijing to reduce prices of the crucial steel-making commodity. While it is a commercial dispute, the fight has wide-ranging political ramifications, given the threat to Australia’s biggest export, valued at more than $100bn a year, and the possibility Canberra is drawn deeper into the fight. Even if the impasse is resolved promptly, it could prove to be a foreshock that warns of an economic earthquake…
Albanese hopes China’s reported BHP iron ore ban ‘very much short-term’ as ASX dips
The treasurer, Jim Chalmers, will meet with the boss of BHP amid a shock report that the world’s largest mining company faces a Chinese blockade on its iron ore shipments. Beijing’s state iron ore buyer has told steelmakers to pause imports of BHP ore, amid hardball negotiations over the price of the crucial resource, Bloomberg reported on Tuesday. Chalmers said the reports were “concerning” but ultimately a matter for the company to work through. “I’ll have discussions with [BHP chief executive] Mike Henry about that in due course, when we…