BHP resumes negotiations with Port Hedland iron ore workers' union

Glonghui, July 21 — According to market sources, BHP and the union representing workers at Port Hedland in Western Australia stated on Tuesday that negotiations have commenced between both parties. Port Hedland is the world's largest iron ore export hub. Both sides indicated that if an agreement cannot be reached, further strike actions may occur in the future. Port Hedland is a key artery for iron ore transportation in Australia. Andy Forster, portfolio manager at Argo Investments, a shareholder in BHP, said, “At present, this does not appear to be causing much operational disruption. However, if it leads to further actions and more interruptions, it’s clearly concerning.” He added that any impact so far seems to be within a controllable range and that BHP appears optimistic about reaching a deal. Last week, electricians responsible for maintaining BHP’s high-voltage grid in the Pilbara region of Western Australia overwhelmingly voted to strike, escalating industrial tensions. They are set to negotiate with BHP this Thursday.