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Rio Tinto (RIO) and BHP (BHP) are coming together for one of their biggest collaborations in years, agreeing to jointly tap up to 200 million tonnes of iron ore
PERTH, Australia--(BUSINESS WIRE)--Rio Tinto and BHP have agreed to work together to extract up to 200 million tonnes of iron ore at their neighbouring Yandicoogina and Yandi iron ore operations in the Pilbara. Under two non-binding Memoranda of Understanding (MOUs), the companies will explore the potential for: Collaboration on the development of Rio Tinto's Wunbye deposit; and BHP to supply its Yandi Lower Channel Deposit ore to Rio Tinto for processing at its existing wet plants under agreed.
BHP is set to wait out Rio Tinto's talks to take over Glencore , a deal that would create the world's largest mining company, and is not currently planning a bid for the Swiss firm, two people familiar with the matter said.
Rio Tinto's , talks to buy Glencore and create a new global industry leader could spur consolidation efforts across the copper-hungry mining sector and heap pressure on BHP, currently the world's biggest miner, to respond.
Abbington Investment Group bought a new position in shares of BHP Group Limited Sponsored ADR (NYSE: BHP) in the undefined quarter, according to the company in its most recent disclosure with the SEC. The fund bought 47,588 shares of the mining company's stock, valued at approximately $2,653,000. BHP Group accounts for about 2.3%
BHP shares have gained 29% in six months, driven by record iron ore output, growing copper exposure, strong cash flows and an industry-leading dividend.
BHP Group Limited is reiterated as a Buy, supported by a diversified commodity mix and robust balance sheet, despite near-term iron ore headwinds. Recent commodity rallies in copper, nickel, and aluminum position BHP to benefit from future-facing metals, offering capital that can help offset iron ore market weakness. BHP's capital discipline is evident with delayed Jansen potash expansion, a $2B Pilbara asset sale, and a higher net debt target to fund growth.
BHP Group is rated a buy, supported by disciplined capital allocation and a robust dividend yield near 8%. Nickel operations remain on hold, as current prices ($18,500/t) do not offset high Western Australia costs; BHP will reassess in February 2027. The Jansen potash project in Canada is a strategic pivot, with Stage 1 and 2 expected to deliver significant EBITDA and diversify beyond iron ore.
Iron ore prices have moved higher, reaching the strongest level since February, as expectations build around additional macroeconomic support from China and res
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After a volatile but overall bearish year, nickel is closing 2025 on a positive note.
Shares of BHP Group Limited Sponsored ADR (NYSE: BHP - Get Free Report) hit a new 52-week high during trading on Friday. The stock traded as high as $61.32 and last traded at $61.5090, with a volume of 6063 shares. The stock had previously closed at $60.87. Wall Street Analysts Forecast Growth BHP has been
Copper price continued its strong bull run on Friday, reaching its highest point on record in Shanghai and New York. It crossed the important resistance at $14,000 a ton in China, while futures contracts jumped to $5.7 at the Comex.
Copper prices reach record high as investors bet on future shortages. Supply constraints and growing demand drive surge.