BHP has won sweeping suppression orders against coal miner Simon Turner after a court threw out the miner’s case. Stephanie Tran reports. The Federal Court of Australia has struck out a landmark case brought by an injured coal miner against BHP Group Limited and related entities, refusing him leave to replead his case and ordering that key court documents be removed from the public file.In orders made on Friday, Justice Needham struck out Simon Turner’s originating application and statement of claim against ...

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Copper is undergoing a profound structural shift. After years of cyclical trading, it’s broken out, driven by an irrefutable reality: the world simply doesn't have enough of it to meet future demand.For investors, the narrative is shifting from a standard cyclical play to a potential long-term macro investment, based on supply demand dynamics.This backdrop creates a compelling opportunity for ASX-listed miners, particularly those capable of bringing new, long-term supply online in tier-one jurisdictions lik ...

Copper exchange inventories have climbed above 1 million tons for the first time in 21 years. Meanwhile, smelter activity has slowed, China’s demand softened, yet the price remains elevated despite pulling back from January highs.The answer lies in a lack of confidence in long-term supply. The market has entered an era of electricity intensity. Therefore, copper is no longer merely a cyclical industrial input but a foundational infrastructure for the 21st-century economy.Months Vs. DecadesElectric vehicles ...

Global Markets and Safe-Haven Demand - Gold prices stabilized around $5,170 an ounce as geopolitical and trade uncertainties prompted investors to seek safe-haven assets, driven by President Trump's proposal to raise global tariffs to 15% following a Supreme Court ruling limiting his trade powers [2][3] - The U.S. Dollar Index declined, further supporting gold prices, while fresh U.S. sanctions on Iran and military buildups in the Middle East added to market volatility, establishing a strong floor for precious metals [3] Major Corporate M&A: Engie's UK Expansion - Engie (ENGI) announced the acquisition of UK Power Networks for an equity value of £10.5 billion, with an enterprise value of approximately £15.8 billion, marking a strategic shift to enhance long-term earnings visibility [4][5] - The acquisition allows Engie to control a grid network serving 8.5 million customers in London and Southeast England, aligning with the UK's investment in power infrastructure to achieve carbon-neutrality goals [5] Asia-Pacific Market Performance - The S&P/ASX 200 in Australia reached a record high of 9,202.90 points, driven by strong performances from major miners and the "Big Four" banks, reflecting high investor confidence despite global trade tensions [6] - In Japan, the Nikkei Average futures rose 0.92%, influenced by positive global equity sentiment, while the fixed-income market faced pressure as benchmark 10-year JGB futures fell, leading to higher yields [7] Geopolitical Tensions in North Korea - North Korea conducted a large-scale military parade showcasing new AI-based strategic weapons, with leader Kim Jong Un pledging to expand the country's nuclear arsenal in response to perceived external threats [8][9] - Despite the military display, Kim expressed openness to improved relations with the U.S. if significant concessions are made regarding sanctions, although analysts remain skeptical about potential diplomatic breakthroughs [10]

Report Industry Investment Rating No relevant content provided. Core Viewpoints - In Q4 2025, the production and sales of the four major iron ore mines remained at a high level. Vale had a significant year-on-year increase, Rio Tinto's production returned to a high range after recovering from the weather impact in Q1, FMG's shipments increased steadily, and BHP improved quarter-on-quarter. The overall supply rhythm was stronger than that in Q3 [1]. - In terms of production in Q4, Rio Tinto and BHP increased quarter-on-quarter, Vale maintained a high level, and FMG declined slightly. For the whole year of 2025, Vale and FMG contributed the main increments. In terms of sales, Rio Tinto's annual shipments were lower than the mid - point of the guidance target range due to the weather impact in Q1. In 2025, the sales of Vale and FMG increased year-on-year, and BHP maintained a stable release rhythm [2]. - Despite the weather disturbances in Q1, the four major mines achieved overall production and sales growth in 2025 thanks to the strong recovery in the following three quarters. It is expected that the total production of the four major mines will continue to grow in 2026 [2]. Summary by Company Rio Tinto - In Q4 2025, the iron ore production in the Pilbara region reached about 89.67 million tons (100% equity), with a year-on-year increase of about 3.7% and a quarter-on-quarter increase of about 6.7%. The production and shipment gaps caused by the cyclone in Q1 were gradually repaired in Q2 and Q3. The annual Pilbara production was about 327 million tons (100% caliber), basically the same as in 2024; the annual shipment was 326.2 million tons, a year-on-year decrease of 1%, at the lower end of the guidance range [7]. - In terms of product structure, the sales proportion of SP10 decreased significantly year-on-year. In Q4, the sales of SP10 were about 10.5 million tons (100% equity), a year-on-year decrease of about 50%. The average realized price for the whole year was $82.8 per wet ton (FOB), lower than the 2024 level, affected by both the decline of the price index and the product structure change [7][9]. - The Simandou project achieved its first shipment in Q4, marking the official entry of new supply in West Africa into the realization stage. Rio Tinto set its Simandou shipment guidance target for 2026 at 5 - 10 million tons, and the Pilbara shipment guidance target at 323 - 338 million tons. In 2026, the production rhythm is expected to remain stable [9]. BHP - In Q4 2025 (Q2 of BHP's 2026 fiscal year), the iron ore production of BHP WAIO was about 76.33 million tons (100% equity), a quarter-on-quarter increase of 8.7% and a year-on-year increase of about 4.4%. In the first half of the 2026 fiscal year, the cumulative production of WAIO was 147 million tons (100% caliber), a year-on-year increase of 1%. The material extraction at the mine increased by 9% year-on-year, and the supply chain bottlenecks caused by the cyclone and railway maintenance have been basically digested. After the completion of the CD3 reconstruction and the promotion of the railway technology upgrade project, the system operation efficiency continued to improve [12]. - In the first half of the 2026 fiscal year, the production of Samarco was 4 million tons (BHP's equity caliber), a year-on-year increase of 48%. After the restart of the second concentrator, it has been running stably, and the concentration efficiency and recovery rate have improved. The company has approved the third - stage expansion plan, and it is expected to increase the production capacity to about 26 million tons per year (100% equity) in the next few years [12]. - BHP's annual production guidance target for the 2026 fiscal year remains unchanged in the range of 284 - 296 million tons (100% equity). Considering the progress in the first half of the fiscal year and the operation intensity in Q4, it is estimated that it can reach the upper half of the range. BHP is still negotiating the annual contract terms with China National Mineral Resources Group, and the subsequent negotiation progress needs attention [13]. FMG - In the second quarter of the 2025 fiscal year, Fortescue's iron ore shipments were 50.5 million tons, a year-on-year increase of 2.2% and a quarter-on-quarter increase of 1.6%. In the first half of the 2026 fiscal year, the cumulative shipments were 100.2 million tons, a year-on-year increase of 3%, setting a new high for the first half of the fiscal year. In Q4, the ore mining volume was 61.4 million tons and the processing volume was 49.8 million tons, operating at a high load. The shipments of traditional hematite were 48.3 million tons, basically the same year-on-year, indicating that the operation rhythm of the main mining areas was stable without obvious capacity disturbances [16]. - In the Iron Bridge project, the concentrate shipments in Q4 were 2.2 million tons, a year-on-year increase of 44%. In the first half of the 2026 fiscal year, the cumulative shipments were 4.3 million tons, a year-on-year increase of 37%. The project's operation stability has improved significantly, and the concentrate shipment rhythm has become more normalized. As the production line gradually enters a stable stage, the increase in the proportion of concentrate supplements the overall shipment structure [16]. - FMG's annual shipment guidance for the 2026 fiscal year remains unchanged in the range of 195 - 205 million tons (100% equity), including 10 - 12 million tons from the Iron Bridge project. Based on the progress in the first half of the 2026 fiscal year and the current quarterly operation intensity, it is optimistic that it can achieve the guidance target [16]. Vale - In Q4 2025, Vale's iron ore production was 90.4 million tons, a year-on-year increase of 6% and a quarter-on-quarter decrease of 4.2%. Although it slightly declined from the high in Q3, it was still at a relatively high level in recent single - quarters. The annual iron ore production in 2025 reached 336 million tons, a year-on-year increase of 2.6%, the highest level since 2018 [20][23]. - In terms of different systems, the production of the northern system in Q4 was 44.8 million tons, a year-on-year decrease of 6.5 million tons, mainly affected by the recoverable resource structure of the Serra Norte mine and phased maintenance; the annual production of S11D reached 86 million tons, maintaining a high - level operation. The production of the southeast system in Q4 was 23.9 million tons, with a significant year-on-year increase. The stable operation of Brucutu and the continuous ramping up of the Capanema project contributed the main increments, and the single - quarter production of Capanema was about 3 million tons, expected to reach full production in Q2 2026. The production of the southern system in Q4 was 13.5 million tons, a year-on-year increase, and the operation of the Vargem Grande and Paraopeba systems improved significantly [23]. - In terms of sales, the iron ore sales in Q4 were 84.87 million tons, a year-on-year increase of 4.5%, basically matching the production rhythm. The annual sales were 314 million tons, a year-on-year increase of 2.5%. The company adjusted the product portfolio according to the market premium changes, and the proportion of medium - grade ore and blended ore increased, making the shipment structure more balanced [23]. - Vale's annual production guidance target for 2025 was previously 325 - 335 million tons, and the actual production was 336 million tons, at the upper end of the guidance range. The production guidance target for 2026 is further increased to the range of 335 - 345 million tons. The new production mainly comes from the ramping up of existing projects and system recovery, and it is expected that the increment in the second half of 2026 will be higher than that in the first half [24].

来源：滚动播报 穆迪确认必和必拓的A1评级，展望稳定。 ...

Key Takeaways Rio Tinto and BHP boost copper and iron ore output while advancing major growth projects.Rio Tinto achieved its first copper at Johnson Camp and sees 20.2% EPS growth for 2026.BHP raised fiscal 2026 copper guidance and advances Jansen potash toward 2027 start.Rio Tinto Group (RIO) and BHP Group Limited (BHP) are both familiar names operating in the Zacks Mining - Miscellaneous industry. As rivals, the companies are focused on the extraction of minerals including copper, zinc and iron, etc., an ...

Report Summary 1. Report's Industry Investment Rating No relevant information provided. 2. Core Viewpoints - Global financial markets are affected by multiple factors including geopolitical tensions, tariff policies, and corporate earnings, leading to significant fluctuations in various asset classes. For example, the US stock market declined due to Trump's tariff plan and EU's suspension of the trade - agreement approval, while the precious metals market rose due to increased risk - aversion [5][6]. - The energy market is influenced by the Iran - US nuclear negotiation, with expectations of increased Iranian oil supply putting downward pressure on oil prices [7]. 3. Summary by Directory Overnight Night - Market Trends - **Stock Markets**: US major indices (Dow, S&P 500, Nasdaq) fell, with IBM and American Express leading the decline. European indices (DAX, CAC40, FTSE 100) also closed lower. The reasons include Trump's tariff plan and EU's suspension of trade - agreement approval [5]. - **Precious Metals**: COMEX gold and silver futures rose due to increased risk - aversion from geopolitical tensions, tariff policy changes, and other factors [6]. - **Energy**: US crude oil and Brent oil futures fell as the Iran - US nuclear negotiation showed signs of progress, increasing the expectation of more Iranian oil supply [7]. - **Base Metals**: Most London base metals declined, except for LME tin which rose [7]. Important News Macro News - Shanghai Export Container Settlement Freight Index for European routes dropped 2.1%. The US will stop collecting certain illegal tariffs. There is still a risk of US military strikes against Iran. India postponed a trade delegation plan. China is assessing the impact of US tariff rulings and urges the US to cancel unilateral tariffs. The EU suspended the approval of a trade agreement with the US. The Trump administration is considering new "national security tariffs" [9][11]. Energy Futures - Saudi Aramco sold condensate oil. Methanol supply in Southeast Asia is restricted due to planned maintenance. Goldman Sachs and Morgan Stanley have different forecasts for oil prices, with Goldman Sachs raising price forecasts for Q4 2026 and 2027, and Morgan Stanley expecting a short - term increase followed by a decline [14][16][18]. Metal Futures - The US energy storage market is expected to grow 21%. Lebanon may sell part of its gold reserves. UBS is positive on gold, with a target price of $6200/ounce [20][21]. Black - Series Futures - China's iron ore arrivals decreased, but global iron ore shipments increased. Vietnam plans to build a large - scale steel plant. The blast furnace capacity utilization rate of Chinese pig - iron enterprises decreased, and inventory increased [23][25]. Agricultural Products Futures - Malaysian palm oil production and exports decreased in February. Argentina's soybean moisture conditions improved, and the production forecast remains unchanged [27][28]. Financial Markets Financial - 143 companies have submitted IPO applications in the Hong Kong stock market in 2026. Deloitte predicts a better performance in the Hong Kong IPO market this year [30]. Industry - Payment transactions on Chinese New Year's Eve increased. The real - estate market may show more stabilization signals. China's AI governance system is maturing [31]. Overseas - The US may adjust tariff application methods and continue steel - aluminum tariffs. The Fed has about 75 basis - points to reach the neutral rate. India plans to invest $200 billion in AI. The Australian central bank may tighten policy. UK unemployment reached a new high [32][34][35]. International Stock Markets - US and European stock markets rose, while the Japanese market fell. High - end companies made significant stock - position adjustments. The UK may adjust accounting rules to attract Chinese companies. Australia simplifies corporate governance rules. Some companies announced major transactions or reported good earnings [36][38][41]. Commodities - Precious metals, oil, and most base metals futures fell due to factors such as progress in the Iran - US nuclear negotiation and reduced risk - aversion [43]. Bonds - US Treasury yields had mixed changes. Japanese bonds rose, and the 2029 fiscal - year bond issuance may increase [45]. Foreign Exchange - The US dollar index rose slightly, and most non - US currencies fell [46]. Upcoming Economic Data and Events - **Economic Data**: Include Japan's trade balance, UK's inflation and housing - price index, US's new - home construction, and other data [48]. - **Events**: New Zealand's central - bank rate decision, European Central Bank officials' speeches, and the Fed's release of meeting minutes [50]. - **Market Closures**: Chinese, South Korean, and Vietnamese stock markets are closed due to the Spring Festival [52].

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / February 23, 2026 / Faraday Copper Corp. ("Faraday" or the "Company") (TSX:FDY)(OTCQX:CPPKF) is pleased to announce a non-brokered private placement financing for aggregate gross proceeds of up to C$100,002,000 (the "Offering") from strategic and other investors, including Lundin Family Trusts (as defined below) and a wholly owned subsidiary of BHP Group Limited ("BHP"). The Co ...