BHP Group Approves Western Australia Iron Ore Project With $900 Million Investment

MT Newswires Live

07/16

BHP Group (ASX:BHP) approved the execution of its Ministers North iron ore joint venture project in Western Australia with a planned investment of about $900 million, the company said Thursday.

The project will leverage existing infrastructure at the Yandi mine to deliver 20 million tonnes of iron ore per year once it is ramped up. Site works for development will start this month, with first ore expected in fiscal 2029, the company said.

It added that the project involves the construction of a 13-kilometer haul road and land bridge between Yandi and Ministers North, as well as the installation of a new primary and secondary crusher at Yandi to support future production.

BHP holds an 85% interest in Ministers North, with Itochu and Mitsui & Co holding 8% and 7%, respectively.

BHP Group shares fell 2% in recent Thursday trade.

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Site works for development will start this month, with first ore expected in fiscal 2029, the company said.</p><p>It added that the project involves the construction of a 13-kilometer haul road and land bridge between Yandi and Ministers North, as well as the installation of a new primary and secondary crusher at Yandi to support future production.</p><p>BHP holds an 85% interest in Ministers North, with Itochu and <a href=\"https://laohu8.com/S/MITSF\">Mitsui &amp;</a>amp; Co holding 8% and 7%, respectively.</p><p>BHP Group shares fell 2% in recent Thursday trade.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COAL","symbol_name":"Range Global Coal Index ETF","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2651921834","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2651921834","pubTimestamp":1784164780,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Site works for development will start this month, with first ore expected in fiscal 2029, the company said.It added that the project involves the construction of a 13-kilometer haul road and land bridge between Yandi and Ministers North, as well as the installation of a new primary and secondary crusher at Yandi to support future production.BHP holds an 85% interest in Ministers North, with Itochu and Mitsui &amp; Co holding 8% and 7%, respectively.BHP Group shares fell 2% in recent Thursday trade.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}