Market Chatter: BHP Shelves Pilbara Iron Ore Project

MT Newswires Live

May 26

BHP Group (BHP) has scrapped plans for an iron ore processing facility near its Jimblebar mine in Western Australia that was expected to improve ore quality and lower emissions, The Guardian reported Monday, citing internal documents.

The proposed plant would have produced higher-grade iron ore sought by steelmakers seeking to reduce pollution, according to the report.

BHP halted work on the project in June 2025 after concluding its economics were weak and the facility faced competition for capital from other developments, the report said.

BHP did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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