It also announced it will sell two key Queensland coal mines – Blackwater and Daunia – as part of its
focus on key commodities that help feed the world, help the energy transition and build infrastructure.
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Long gone, is there any reason to own shares in this company
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BHP’s iron ore business is ‘fighting fit’BHP CEO Mike Henry says the company’s iron ore business is “fighting fit” and set up to “be able to deliver good value to shareholders over the long term”. “We’ve very purposefully and in quite a disciplined way set ourselves up to be able to win in all scenarios – so we’ve moved ourselves to being the lowest cost supplier of iron ore globally,” he told Sky News Business Editor Ross Greenwood. If predictions are true that some form of conflict with China are inevitable and only a few years away, how will Iron Ore miners deal with possible sanctions or ever open hostility?
Source: SkyNewsAust - 🏆 7. / 78 Read more »