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Search resuls for: "BHP Mitsubishi"


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What BHP is touting is a process it calls credible and cost-effective, and it's these aims that are worth examining. BHP is the world's biggest miner of coking coal, used to make steel, and ranks third in iron ore, the main steel raw material. Diesel accounts for 76% of the emissions at the iron ore operations in Western Australia state, and 45% at the BHP Mitsubishi Alliance coking coal mines in the northeastern state of Queensland. BHP plans to switch its diesel trucks to battery-powered vehicles, but this will take some time and also involves more than just buying new equipment. The overall message from BHP is that it is advancing plans to reduce its Scope 1 and 2 emissions.
Persons: Clarence Fernandez Organizations: BHP Group, BHP, BHP Mitsubishi, Reuters, Thomson Locations: LAUNCESTON, Australia, Western Australia, Queensland
The world's largest listed miner said iron ore production from mines it operates Western Australia on was 74.3 million tons for the three months ended December, up 1% from 73.9 million tons a year earlier and beating a consensus of 71.9 million tons. "China's pro-growth policies, including in the property sector, and an easing of Covid-19 restrictions are expected to support progressive improvement from the difficult economic conditions of the first half," BHP said. BHP joined peer Rio Tinto to expect that China's measures to support its property sector will underpin solid demand for their steel-making products. China is set to be a stabilizing force for commodities demand this year as developed nations face economic headwinds, BHP said on Thursday as it posted higher quarterly iron ore shipments that beat expectations. The mining giant reaffirmed its fiscal 2023 forecast for Western Australian iron ore output at between 278 million tons and 290 million tons.
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