Infrastructure, permitting issues hinder Brazilian iron ore expansions

Looking beyond 2024-2025, BMI analysts maintained their view that iron ore prices will likely follow a multi-year downtrend.

A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.

Nine drill rigs are working a 30,000-35,000 metre program, with results feeding into future resource estimates.

BHP detailed to investors this week plans to spend $10.7 billion to $14.7 billion within about 10 years.