BHP nears end to China iron ore pricing and contracts dispute

Original article by Brad Thompson
The Australian – Page: 13 & 20 : 15-Apr-26

BHP has declined to comment on media reports that China Mineral Resources Group Company has told a number of steel mills that they can buy some of the resources group’s Pilbara iron ore with US dollars. The possible breakthrough in the dispute, which began when CMRG imposed unofficial bans on BHP’s Jimblebar fines product in 2025, follows a visit to China by BHP’s CEO Mike Henry and his successor Brandon Craig. They are believed to have met with officials from both CMRG and steel giant Baowu. Craig will formally succeed Henry on 1 July, and has indicated that resolving the iron ore dispute is one of his top priorities.

CORPORATES
BHP GROUP LIMITED – ASX BHP, CHINA MINERAL RESOURCES GROUP COMPANY LIMITED, CHINA BAOWU STEEL GROUP CORPORATION LIMITED

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