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China's state-owned buyer, China Mineral Resources Group, has instructed steelmakers and traders to halt purchases of dollar-denominated seaborne iron ore from BHP, escalating a trade dispute amid ongoing contract negotiations. Australian Prime Minister Albanese expressed concern, emphasizing the importance of free trade and the potential impact on both economies. The move follows China's efforts to strengthen its bargaining position in global iron ore markets.
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London's High Court has ruled that BHP can be held responsible for the 2015 Mariana dam collapse in Brazil, which caused environmental damage, killed 19 people, and displaced thousands. The court found BHP's actions in raising the dam's height immediately prior to failure as a key cause. BHP plans to appeal.
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London's High Court has ruled that BHP is liable for the 2015 Mariana dam collapse in Brazil, which caused environmental damage, killed 19 people, and devastated villages. The ruling holds BHP responsible despite not owning the dam at the time. A second phase will determine damages.
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BHP has ended its attempt to acquire Anglo American after being rebuffed, focusing on its own growth. Meanwhile, Anglo prepares to merge with Teck Resources in a deal valued at $53 billion, with shareholder votes scheduled for December 9. The move signals a shift in the mining sector's consolidation efforts.