BHP and Rio Tinto Collaborate on Testing Cat®793 XE Electric Haul Trucks
Written by Emily J. Thompson, Senior Investment Analyst
Source: Businesswire
Updated: 3 hour ago0mins
- Arrival of Electric Trucks: Australia's first Cat®793 XE electric haul trucks have arrived at BHP's Jimblebar iron ore mine, marking the start of on-site testing in collaboration with Rio Tinto, aimed at advancing sustainability in mining.
- Zero Emission Goals: These electric trucks are designed for zero exhaust emissions, testing their viability as a diesel alternative in large-scale iron ore operations, thereby laying the groundwork for future low-emission mining technologies.
- Industry Collaboration: BHP and Rio Tinto are closely working with Caterpillar and WesTrac to accelerate the development of electric technology, ensuring a swift transition to electric fleets as soon as commercially and operationally viable, driving overall industry emissions reduction.
- Long-term Vision: This collaboration reflects the shared commitment of the three companies to support net zero greenhouse gas emissions goals by 2050, emphasizing the importance of industry cooperation in achieving sustainable mining.
BHP.N
$0.0000%Past 6 months
Line
|
Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
No Data
Powered By
Intellectia
Analyst Views on BHP
Wall Street analysts forecast BHP stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BHP is 50.50 USD with a low forecast of 48.00 USD and a high forecast of 52.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 57.920
Low
48.00
Averages
50.50
High
52.00
Current: 57.920
Low
48.00
Averages
50.50
High
52.00
JPMorgan
Dominic O'Kane
Neutral
maintain
2025-12-03
New
Reason
JPMorgan
Dominic O'Kane
Price Target
2025-12-03
New
maintain
Neutral
Reason
JPMorgan analyst Dominic O'Kane raised the firm's price target on BHP Group to 2,300 GBp from 2,100 GBp and keeps a Neutral rating on the shares.
JPMorgan
Dominic O'Kane
Neutral
downgrade
2025-10-23
Reason
JPMorgan
Dominic O'Kane
Price Target
2025-10-23
downgrade
Neutral
Reason
JPMorgan analyst Dominic O'Kane lowered the firm's price target on BHP Group to 2,100 GBp from 2,200 GBp and keeps a Neutral rating on the shares.
JPMorgan
Dominic O'Kane
Neutral
maintain
2025-08-20
Reason
JPMorgan
Dominic O'Kane
Price Target
2025-08-20
maintain
Neutral
Reason
JPMorgan analyst Dominic O'Kane raised the firm's price target on BHP Group to 2,160 GBp from 2,130 GBp and keeps a Neutral rating on the shares.
JPMorgan
Dominic O'Kane
Neutral
maintain
2025-08-20
Reason
JPMorgan
Dominic O'Kane
Price Target
2025-08-20
maintain
Neutral
Reason
JPMorgan analyst Dominic O'Kane raised the firm's price target on BHP Group to 2,160 GBp from 2,130 GBp and keeps a Neutral rating on the shares.
See All Ratings
About BHP
BHP Group Limited is an Australia-based resources company. The Company is a producer of commodities, including iron ore, copper, nickel, potash and metallurgical (steelmaking) coal. It is focused on offering a range of resources, which provides copper for renewable energy; nickel for electric vehicles; potash for sustainable farming, and iron ore and metallurgical coal for the steel needed for global infrastructure and the energy transition. Its segments include Copper, Iron Ore, and Coal. Its Copper segment is engaged in mining of copper, silver, zinc, molybdenum, uranium, and gold. Its Iron Ore segment is engaged in mining of iron ore. Its Coal segment is engaged in mining of metallurgical coal and energy coal. The Company is also focused on operating Olympic Dam, Prominent Hill, and Carrapateena underground copper-gold mines in South Australia. Its operations are situated in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and others.
About the author
Preview
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sigh Up to Get Intellectia Insights
What are the key components of BHP's £40 billion acquisition proposal?
How does the proposed acquisition price compare to Anglo American's market value?
How might Anglo American's rejection impact BHP's future acquisition strategies?
What could be the long-term effects of this bid on Anglo's stock price?