BHP Billiton News

Australia Court Narrows Class-Action Suits Against BHP over Brazil Mine Disaster

The Federal Court of Australia on Tuesday ordered that the number of class-action lawsuits against BHP Group over a Brazilian mine collapse be narrowed to one from three. BHP is facing legal challenges over the 2015 collapse of the Fundao …

BHP Readies for Largest English Group Lawsuit over 2015 Brazil Mine Disaster

Mining giant BHP says it will fight an unprecedented English lawsuit filed by hundreds of thousands of Brazilians for multi-billion pound damages over Brazil’s worst environmental disaster. SPG Law, a British offshoot of a U.S. litigator, represents 240,000 individuals in …

Derailment of BHP Iron Ore Train Exposes Australia’s Reliance on Private Railways

A network of private railroads more than three times the length of the New York subway system is the key lifeline for Australia’s A$61.3 billion ($44.5 billion) iron ore export industry. So when there’s a derailment in the biggest shipper …

BHP Expects Interruption to Australia Iron Ore Exports After Train Derailment

Mining giant BHP Billiton expects some interruption to its Australian iron ore exports after a nearly 3-km-long train loaded with the commodity was forcibly derailed this week after running away en route to a key shipping hub. BHP said in …

BHP’s Western Australia Iron Ore Train Derailment Will Take Week to Recover

BHP Billiton Ltd. expects to take about a week to recover from the derailment of one of its iron ore trains that’s halted its rail operations in Western Australia, potentially bolstering prices of the steelmaking raw material. The company was …

BHP Forced to Derail Runaway Iron Ore Train in Australia

BHP Billiton Ltd. was forced to derail a runaway train that traveled almost 60 miles without a driver across the Pilbara, a major iron ore producing area in Western Australia. The world’s top mining company halted all train operations in …

Anglo American’s Ruptured Pipeline Is 2nd Mine Incident in Brazil in 2018

Anglo American Plc’s Brazilian iron-ore mine suffered operational delays after a pipeline ruptured Monday morning, the company confirmed by email. The good news is that no one was hurt, the company said. The troubling news is the mishap marks the …

G20 Task Force Develops Climate-Related Financial Disclosure Framework Supported by Insurers

A global task force set up by the G20 has developed a voluntary framework for companies to disclose the financial impact of climate-related risks and opportunities, drawing support from more than 100 companies with $11 trillion of assets. There are …

Autonomous Cargo Ships Expected to Revolutionize (Disrupt) Shipping

BHP Billiton Ltd., the world’s biggest mining company, is studying the introduction of giant, automated cargo ships to carry everything from iron ore to coal as part of a strategic shift that may disrupt the $334 billion global shipping industry. …

Demand Rises for Political Risk Cover as Buyers Think the Unthinkable

Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets. Insurers say demand is being driven by uncertainty over …