04:03 AM EST, 11/12/2026 (MT Newswires) -- BHP Group (BHP.L, BHG.JO) is planning to restructure its iron ore division in Australia as part of a broader cost-cutting strategy, Bloomberg reported Thursday, citing people familiar with the matter. The mining giant will cut more jobs from its Western Australia Iron Ore unit, primarily white-collar roles, after laying off 300 on-site workers, according to the report. The division employs more than 16,000 staff and contractors. BHP did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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