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BHP backs future of WA iron ore with Ministers North project approved

Published by , Editorial Assistant
Global Mining Review,


BHP has announced a $US0.9 billion investment (100% basis) into the future of Western Australia Iron Ore, approving execution of the Ministers North Project, a high-grade Brockman ore deposit southeast of Yandi in Western Australia’s Pilbara region.

BHP backs future of WA iron ore with Ministers North project approved

The project will leverage existing Yandi infrastructure to deliver 20 million tpy once ramped up, playing an important role in sustaining tonnes and supporting BHP’s 305 million tpy (100% basis) medium term iron ore production target.

The project involves:

  • Developing the Ministers North orebodies as a satellite extension of Yandi.
  • Constructing a 13 km haul road and land bridge between Yandi and Ministers North.
  • Upgrading existing infrastructure and installing a new primary and secondary crusher at Yandi to support future production.

Site works for the development are planned to commence this month, first ore is expected in FY29. BHP Western Australia Iron Ore Asset President Tim Day said: "Yandi has been an important part of our WA iron ore operations for more than 30 years.

"Our investment in Ministers North helps us build on that legacy. We're making the most of the infrastructure, skills, and experience we already have to bring a new orebody into production and keep our high-quality Pilbara iron ore flowing.

"This is about maintaining continuity as Yandi matures naturally and backing the future of the Pilbara and our iron ore business."

Ministers North is a joint venture between BHP, Itochu Corporation and Mitsui & Co, with ownership interests of 85%, 8%, and 7% respectively.

The project reflects the strength of the joint venture partnership and a shared long-term commitment to sustaining production capacity and creating enduring value.

Read the article online at: https://www.globalminingreview.com/mining/16072026/bhp-backs-future-of-wa-iron-ore-with-ministers-north-project-approved/

 
 

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Australian mining news Iron ore mining news