Movement Alert｜BHP Billiton Falls 3.11% in Regular Trading, Australia Iron Ore Unit Plans 300 Job Cuts

Market Focus10-15

On October 15, BHP Billiton fell 3.11% in Regular Trading, trading at $80.93 per share, with turnover of $59.19 million.

The move followed reports that the company plans to cut 300 jobs across four iron ore mines in Western Australia’s Pilbara region, underscoring pressure from lower iron ore prices and rising operating costs.

The planned reductions affect South Flank, Mining Area C, Newman and Jimblebar, which together employ about 16,000 workers. The company said it would explore other roles for affected employees. Recent wage negotiations at Port Hedland had also stalled, highlighting broader cost pressure in BHP Billiton’s Australian iron ore operations.

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