14,105.44 TRY BIST 100 BIST 100
53.58 EUR EUR EUR
46.87 USD USD USD
6.94 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
40.97 TRY Interest Interest
76.18 USD Fossil Oil Fossil Oil
6.28 USD Copper Copper
90.94 USD Silver Silver
98.70 USD Iron Ore Iron Ore
380.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
98.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Strike alert at BHP's iron ore operations

Hundreds of workers at BHP's iron ore operations in Port Hedland, Western Australia, are preparing for an eight hour strike on July 16 after collective bargaining negotiations failed to reach an agreement.

Strike alert at BHP's iron ore operations

If the strike goes ahead, it could disrupt the company's iron ore operations and result in an estimated revenue loss of around USD 80 million per day.

According to the Combined Ports Unions, workers are planning to stop work between 2:00 p.m. and 10:00 p.m. local time on July 16 after nearly six months of negotiations over a new four year collective bargaining agreement failed to produce a settlement. Between 160 and 200 of the approximately 450 employees working in port and maintenance operations are expected to participate in the strike.

Unions: We have no other option

Western Australian Electrical Trades Union Secretary Adam Woodage emphasized that industrial action isn't the preferred outcome.

"This isn't anyone's preferred path, but if it's the only option we have left, we will take it," Woodage stated.

He added that BHP management should take employees' concerns into consideration to ensure a fair, safe, and efficient iron ore industry.

Union officials also announced that another meeting with BHP management is scheduled for Tuesday in an effort to prevent the strike.

BHP: We will continue constructive negotiations

The latest development follows last week's approval of a new collective bargaining agreement by workers at several of BHP's other operations in the Pilbara region.

BHP announced that a new agreement covering approximately 1,800 employees at the Mining Area C and South Flank operations was signed without any strike action.

In its statement, the company emphasized that a strong iron ore sector is important for Australia and stated that it will continue constructive negotiations to reach a fair agreement while ensuring safe and reliable operations.

Unions reject wage offer

The agreement approved last week at South Flank includes a guaranteed wage increase of %16 over four years, higher site allowances, and new compensation arrangements for delayed flights.

However, Steve McCartney, Western Australia State Secretary of the Australian Manufacturing Workers' Union, argued that the wage offer doesn't adequately reflect employees' working conditions, stating that a %16 wage increase over four years is insufficient.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Japan imposes provisional antidumping duties on stainless steel from China and Taiwan

Friday, July 10, 2026

Subdued demand continues to weigh on MENA steel market

Friday, July 10, 2026

The United States has launched a Section 232 investigation into anthracite coal imports

Friday, July 10, 2026

BIR: Downward correction in scrap prices following heavy buying activity in Türkiye.

Friday, July 10, 2026

Tosçelik Spiral Boru has been awarded BOTAŞ’s natural gas pipeline contract.

Friday, July 10, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now