What BHP Group (ASX:BHP)'s China Iron Ore Shift and Resolution Copper Deal Mean For Shareholders
In recent days, BHP Group has seen Chinese state-backed buyer China Mineral Resources Group ease earlier import restrictions on key iron ore products, while its Resolution Copper joint venture with Rio Tinto completed a major land exchange with the U.S. Forest Service and committed about US$500 million of additional project spending. Together, the relaxation of Chinese import curbs and progress at one of the world’s largest undeveloped copper deposits highlight how BHP’s core iron ore...
In recent days, BHP Group has seen Chinese state-backed buyer China Mineral Resources Group ease earlier import restrictions on key iron ore products, while its Resolution Copper joint venture with Rio Tinto completed a major land exchange with the U.S. Forest Service and committed about US$500 million of additional project spending. Together, the relaxation of Chinese import curbs and progress at one of the world’s largest undeveloped copper deposits highlight how BHP’s core iron ore...