BHP boosts iron ore capacity with $1.4 billion port upgrade

BHP has approved a $1.4 billion infrastructure project to boost iron ore export capacity at Port Hedland. The project will install a sixth car dumper and new conveyors to increase unloading capacity and reduce downtime during the scheduled equipment update in the fiscal year 2029. This upgrade aims to raise equipment availability from the current 60% to over 90% for car dumpers, enhancing operational reliability. Construction will begin in December 2025, with the first ore expected by late 2028. The investment supports BHP’s goal to maintain annual production of 305 million tons.