BHP awards $200 million contract for Ministers North haul road
BHP announced a $200 million contract to Q H & M Birt for constructing a 13 km haul road that will link its Ministers North project in the Pilbara. The haul road is part of the $1.3 billion project that aims to lift iron‑ore production to 20 million tonnes per year by 2029. The announcement lifted BHP’s share price to $57.56. Earlier, GR Engineering received a separate $230 million contract for the same project.
Why it matters
The contract adds $200 million of capital spending to BHP’s 2026‑27 budget and moves the Ministers North development toward its 2029 production target, which could improve future cash flow. Investors will see a modest increase in short‑term capex but a potential long‑term boost to iron‑ore output.
Key facts
- 1BHP awarded a $200 million contract to Q H & M Birt for a 13 km haul road. grafa.com
- 2The haul road will connect the Ministers North project in the Pilbara. miningmagazine.com
- 3The Ministers North project has a total budget of $1.3 billion. grafa.com
- 4The project targets iron‑ore production of 20 million tonnes per year by 2029. grafa.com
- 5BHP’s share price was $57.56 after the announcement. grafa.com
- 6Earlier, GR Engineering received a $230 million contract for the same project. grafa.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.