Stone Emma Kate sold $315K of BHP

Rio Tinto and BHP approved an additional $144M (A$208M) for the Resolution copper project in Arizona. The project is one of the world's largest untapped copper deposits.

Rio Tinto and BHP have invested $144 million in their Resolution Copper project in Arizona, advancing one of the world’s largest undeveloped copper deposits. Rio Tinto will contribute $79 million, while BHP will provide the remaining $65 million. The funding will support feasibility studies, engineering designs, and equipment procurement. Resolution Copper plans to hire 50 additional employees. The project still faces permitting and legal risks before a final construction decision can be made.

Rio Tinto (RIO) is investing $144 million in its Resolution Copper project in Arizona, with $79 million from its 55% stake and the rest from BHP (BHP). The funds will support feasibility studies and engineering work, aiming to supply 25% of America's copper demand. The project faces legal and cultural challenges from Native American groups.

RBC Capital Markets estimates BHP Group Ltd's Copper South Australia expansion could add 200,000 tonnes to annual copper output by 2035, raising its 2035 production forecast to 503,000 tonnes. The expansion includes planned projects at Olympic Dam and Carrapateena, with $11.6 billion in capital expenditure expected for the first phase. RBC maintains a 'sector perform' rating and A$60 price target for BHP, citing high investment needs and weaker iron ore prices.

BHP awarded a $200M contract to Q H & M Birt for a 13km haul road in Pilbara, connecting the Ministers North project. The contract is for bulk earthworks.

BHP awarded a $200M contract to Q H & M Birt for a 13km haul road at its $1.3B Ministers North Project, targeting 20Mt/year iron ore output by 2029. BHP's share price was $57.56 post-announcement. Earlier, GR Engineering received a $230M contract for the project.