BHP’s Post

Fenix Resources: Pioneering Profitability in Iron Ore Amid Global Challenges - Strong performance of Fenix's Iron Ridge mine. - Effective management leading to significant profits. - Expansion and diversification of logistics and mining operations. - Strategic positioning for future market success. Fenix Resources, under John Welborn's leadership, ended 2023 strongly with their Iron Ridge mine in Western Australia. Despite global challenges, the company managed to generate substantial profits, largely due to high iron ore prices. Their strategy includes expanding logistics operations and exploring new mining opportunities, which have positioned them well for continued success. With a focus on efficiency and growth, Fenix is set to diversify and strengthen its market position. https://bit.ly/3vVgfar #FenixResources #IronOreMining #StrategicGrowth #MiningSuccess #MarketLeadership #ResourceManagement #MiningInnovation #EconomicResilience #GlobalMining #BusinessStrategy

Just how accurate are Kpler when looking at Iron Ore shipments for the big 4? Answer: The difference between Kpler Insight projections and the actual shipments or production by Rio Tinto, BHP and FMG are all within 1%. Zhiyuan LI takes a look at Q2 operational performance for Rio Tinto, Vale, BHP & FMG's Iron Ore portfolios in the below blog post. Please reach out to myself, Alexis Ellender or Zhiyuan LI if you would like to learn more. https://lnkd.in/eKtrxais

What is the impact of Iron Ore price drop Iron ore is poised to enter a bear market, with prices expected to fall to $US95 per tonne, marking a significant 20% decrease from its recent peak. For Australia, the world's leading exporter, this means a forecasted decrease in iron ore export earnings from $136 billion in 2023–24 to around $83 billion by 2028–29. Global iron ore supply is expected to grow, driven by expansions in Australia and Brazil, along with new contributions from emerging producers in Africa. However, demand is softening, particularly from China, which has historically been the largest consumer of iron ore. Source: Resources Quarterly Mar 2024 #IronOreMarket #MiningEconomics #GlobalTrade #ResourceManagement #EconomicForecast #SupplyChain #SustainableMining #MarketInsights

What is the impact of Iron Ore price drop Iron ore is poised to enter a bear market, with prices expected to fall to $US95 per tonne, marking a significant 20% decrease from its recent peak. For Australia, the world's leading exporter, this means a forecasted decrease in iron ore export earnings from $136 billion in 2023–24 to around $83 billion by 2028–29. Global iron ore supply is expected to grow, driven by expansions in Australia and Brazil, along with new contributions from emerging producers in Africa. However, demand is softening, particularly from China, which has historically been the largest consumer of iron ore. Source: Resources Quarterly Mar 2024 #IronOreMarket #MiningEconomics #GlobalTrade #ResourceManagement #EconomicForecast #SupplyChain #SustainableMining #MarketInsights

The Upcoming Iron Ore headache For Australia, the world's leading exporter, a forecasted decrease in iron ore export earnings from $136 billion in 2023–24 to around $83 billion by 2028–29 is on the cards. Australia's iron ore export volumes are projected to increase by 1.6% annually over the outlook period up to 2029. BUT prices have been volatile and are projected to decline over the next few years. In terms of specific developments, major Australian miners like Rio Tinto, BHP, and Fortescue are expected to continue their expansion activities. For example, Rio Tinto's Gudai-Darri mine and BHP’s South Flank operations are key contributors to this increase in output. Additionally, the involvement of entities like the China Mineral Resources Group (CMRG) in negotiations could influence market dynamics, particularly in terms of pricing and contract terms with major iron ore suppliers. Source: Resources Quarterly Mar 2024 Rio Tinto BHP Fortescue #IronOreMarket #MiningEconomics #GlobalTrade #ResourceManagement #EconomicForecast #SupplyChain #SustainableMining #MarketInsights

What is the impact of Iron Ore price drop Iron ore is poised to enter a bear market, with prices expected to fall to $US95 per tonne, marking a significant 20% decrease from its recent peak. For Australia, the world's leading exporter, this means a forecasted decrease in iron ore export earnings from $136 billion in 2023–24 to around $83 billion by 2028–29. Global iron ore supply is expected to grow, driven by expansions in Australia and Brazil, along with new contributions from emerging producers in Africa. However, demand is softening, particularly from China, which has historically been the largest consumer of iron ore. Source: Resources Quarterly Mar 2024 #IronOreMarket #MiningEconomics #GlobalTrade #ResourceManagement #EconomicForecast #SupplyChain #SustainableMining #MarketInsights

What is the impact of Iron Ore price drop Iron ore is poised to enter a bear market, with prices expected to fall to $US95 per tonne, marking a significant 20% decrease from its recent peak. For Australia, the world's leading exporter, this means a forecasted decrease in iron ore export earnings from $136 billion in 2023–24 to around $83 billion by 2028–29. Global iron ore supply is expected to grow, driven by expansions in Australia and Brazil, along with new contributions from emerging producers in Africa. However, demand is softening, particularly from China, which has historically been the largest consumer of iron ore. Source: Resources Quarterly Mar 2024 #IronOreMarket #MiningEconomics #GlobalTrade #ResourceManagement #EconomicForecast #SupplyChain #SustainableMining #MarketInsights

The Upcoming Iron Ore headache For Australia, the world's leading exporter, a forecasted decrease in iron ore export earnings from $136 billion in 2023–24 to around $83 billion by 2028–29 is on the cards. Australia's iron ore export volumes are projected to increase by 1.6% annually over the outlook period up to 2029. BUT prices have been volatile and are projected to decline over the next few years. In terms of specific developments, major Australian miners like Rio Tinto, BHP, and Fortescue are expected to continue their expansion activities. For example, Rio Tinto's Gudai-Darri mine and BHP’s South Flank operations are key contributors to this increase in output. Additionally, the involvement of entities like the China Mineral Resources Group (CMRG) in negotiations could influence market dynamics, particularly in terms of pricing and contract terms with major iron ore suppliers. Source: Resources Quarterly Mar 2024 Rio Tinto BHP Fortescue #IronOreMarket #MiningEconomics #GlobalTrade #ResourceManagement #EconomicForecast #SupplyChain #SustainableMining #MarketInsights

The Upcoming Iron Ore headache For Australia, the world's leading exporter, a forecasted decrease in iron ore export earnings from $136 billion in 2023–24 to around $83 billion by 2028–29 is on the cards. Australia's iron ore export volumes are projected to increase by 1.6% annually over the outlook period up to 2029. BUT prices have been volatile and are projected to decline over the next few years. In terms of specific developments, major Australian miners like Rio Tinto, BHP, and Fortescue are expected to continue their expansion activities. For example, Rio Tinto's Gudai-Darri mine and BHP’s South Flank operations are key contributors to this increase in output. Additionally, the involvement of entities like the China Mineral Resources Group (CMRG) in negotiations could influence market dynamics, particularly in terms of pricing and contract terms with major iron ore suppliers. Source: Resources Quarterly Mar 2024 Rio Tinto BHP Fortescue #IronOreMarket #MiningEconomics #GlobalTrade #ResourceManagement #EconomicForecast #SupplyChain #SustainableMining #MarketInsights

The Upcoming Iron Ore headache For Australia, the world's leading exporter, a forecasted decrease in iron ore export earnings from $136 billion in 2023–24 to around $83 billion by 2028–29 is on the cards. Australia's iron ore export volumes are projected to increase by 1.6% annually over the outlook period up to 2029. BUT prices have been volatile and are projected to decline over the next few years. In terms of specific developments, major Australian miners like Rio Tinto, BHP, and Fortescue are expected to continue their expansion activities. For example, Rio Tinto's Gudai-Darri mine and BHP’s South Flank operations are key contributors to this increase in output. Additionally, the involvement of entities like the China Mineral Resources Group (CMRG) in negotiations could influence market dynamics, particularly in terms of pricing and contract terms with major iron ore suppliers. Source: Resources Quarterly Mar 2024 Rio Tinto BHP Fortescue #IronOreMarket #MiningEconomics #GlobalTrade #ResourceManagement #EconomicForecast #SupplyChain #SustainableMining #MarketInsights