What is the $900 million BHP (NYSE:BHP) investment for?

BHP (NYSE:BHP) is investing $900 million to develop the Ministers North iron ore project in Western Australia. The company stated this satellite extension will utilize existing infrastructure to offset natural depletion at the aging Yandi mine.

What are the production targets for the new BHP (NYSE:BHP) iron ore site?

BHP (NYSE:BHP) expects the Ministers North project to produce 20 million tonnes of iron ore per year. The company stated this expected output directly supports its medium-term Pilbara production target of 305 million tonnes annually.

When will the new BHP (NYSE:BHP) mining project begin operations?

BHP (NYSE:BHP) plans to begin construction activities on the site this month. The company forecasts that the Ministers North project will deliver its first iron ore to the market in fiscal 2029.

What infrastructure is BHP (NYSE:BHP) building for the Ministers North project?

BHP (NYSE:BHP) expects to construct a 13-kilometre haul road and a land bridge to connect the new site to its existing Yandi mine. The company stated it will also install new primary and secondary crushers to improve operational efficiency.

Who owns the joint venture operating the new BHP (NYSE:BHP) mining project?

BHP (NYSE:BHP) holds an 85 percent controlling stake in the Ministers North joint venture. The remaining ownership is split between its corporate partners, with Itochu Corporation holding 8 percent and Mitsui holding 7 percent.

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BHP approves $900 million iron ore project

Written by Mahathir BayenaPublished Jul 16, 2026, 8:44 AM

BHP approved a $900 million investment to develop the Ministers North iron ore project in Western Australia.
The new asset targets an annual production capacity of 20 million tonnes by fiscal 2029.
The company stated the project will sustain its medium-term Pilbara output target of 305 million tonnes.

BHP (NYSE:BHP) approved a $900 million investment to develop the Ministers North iron ore project in Western Australia.

The new site serves as a satellite extension to offset the natural production depletion of the Yandi mine.

The company expects to construct a 13-kilometre haul road and install new crushers at the existing facility.

The operation targets first ore by fiscal 2029.

The business stated that the asset will produce 20 million tonnes annually to support medium-term corporate output targets.

The project operates under a joint venture controlled 85 percent by the company alongside Itochu and Mitsui.

BHP approves $900 million iron ore project

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