REG - BHP Group Limited - Quarterly Activities Report
17/07/2024 07:00
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RNS Number : 6694W BHP Group Limited 17 July 2024
17 July 2024
Operational review for the year ended 30 June 2024
Strong operational performance with record iron ore production and highest
copper production in over 15 years.
"We finished the year with a strong fourth quarter, achieving several
production records and we are meeting current production and unit cost
guidance for all commodities.
WAIO continued its strong performance, delivering a second consecutive year of
record production on the back of ongoing incremental improvements along its
supply chain as we progress toward our medium-term goal of increasing
production to greater than 305 Mtpa.
We achieved a strong performance across our copper business globally,
underpinned by the highest production in four years at Escondida and another
year of record production from Spence in Chile. Successful integration at
Copper South Australia has delivered additional production tonnes, and
exceeded the annualised synergies planned at the time of the OZL acquisition.
We successfully completed the sale of the Blackwater and Daunia metallurgical
coal operations on 2 April 2024. After a challenging year at BMA, we have
plans in place to increase production to between 43 and 45 Mtpa (100%) in the
next five years.
We continued to execute against our strategy, progressing growth options in
the commodities the world needs to meet the demands of the energy transition
and population growth. This includes our Jansen potash mine in Canada, where
construction of Stage 1 is now more than 50% complete and Stage 2 is underway.
We will see first production in 2026 and will be a major global producer of
potash by the end of the decade.
On 11 July we announced the temporary suspension of our Western Australia
Nickel operations from October 2024 as a result of an oversupply in the global
nickel market and protracted low nickel prices."
Mike Henry
BHP Chief Executive Officer
Summary
Operational excellence Financial performance
Record production at WAIO and Spence Strong prices in key commodities
FY24 production guidance achieved for all commodities, with metallurgical coal Average realised prices for copper and iron ore were higher in FY24, while
achieving the upper end of its revised guidance. metallurgical coal prices remained relatively stable, and nickel and energy
coal prices were lower.
Record production at WAIO, Spence and Carrapateena and the highest production
in four years at Escondida. Unit cost guidance (#_Current_year_unit) for FY24 is expected to be met at
Escondida, WAIO and Spence, and revised unit cost guidance is expected to be
Total copper production increased 9% and is expected to increase a further 4% met at BMA.
in FY25.(1)
Portfolio Decarbonisation
Executing our strategy Progress on Scope 1, 2 and 3 emissions
We completed the divestment of Blackwater and Daunia, and commenced We held an investor roundtable
construction of Jansen Stage 2, with Jansen Stage 1 now >50% complete. We (https://www.bhp.com/news/media-centre/reports-presentations/2024/06/operational-decarbonisation-investor-presentation)
also completed the scheduled ramp up of both South Flank to full production to provide an update on our decarbonisation progress, including our
capacity of 80 Mtpa (100% basis) and the Carrapateena Crusher 2 project. collaborationscollaboration with Rio Tinto, Caterpillar and Komatsu
collaboration with Rio Tinto, Caterpillar and Komatsuto trial battery electric
haul trucks in the Pilbara and investigate a pilot electric smelting furnace
(ESF).
Production Quarter performance YTD performance Production guidance
Q4 FY24 v Q3 FY24 v Q4 FY23 FY24 v FY23 FY24 FY25 FY25e v FY24 (actual)
guidance
guidance
Copper (kt) 504.9 8% 6% 1,865.2 9% 1,720 - 1,910 1,845 - 2,045 (1%) - 10%
Escondida (kt) 309.2 7% 6% 1,125.3 7% 1,080 - 1,180 1,180 - 1,300 5% - 16%
Pampa Norte (kt) (i) 65.9 7% (4%) 265.6 (8%) 210 - 250(i) 240 - 270(i) (6%) - 6%(i)
Copper South Australia (kt) 89.3 13% 17% 322.0 39% 310 - 340 310 - 340 (4%) - 6%
Antamina (kt) 38.3 13% 5% 143.9 4% 120 - 140 115 - 135 (20%) - (6%)
Carajás (kt) 2.2 (31%) 38% 8.4 - - -
Iron ore (Mt) 69.2 13% 6% 259.7 1% 254 - 264.5 255 - 265.5 (2%) - 2%
WAIO (Mt) 68.2 13% 6% 254.9 1% 250 - 260 250 - 260 (2%) - 2%
WAIO (100% basis) (Mt) 76.8 13% 6% 287.0 1% 282 - 294 282 - 294 (2%) - 2%
Samarco (Mt) 1.0 (11%) (15%) 4.7 5% 4 - 4.5 5 - 5.5 5% - 16%
Metallurgical coal - BMA (Mt) (ii) 4.9 (18%) (42%) 22.3 (23%) 21.5 - 22.5 16.5 - 19 (26%) - (15%)
BMA (100% basis) (Mt) 9.8 (18%) (42%) 44.6 (23%) 43 - 45 33 - 38 (26%) - (15%)
Energy coal - NSWEC (Mt) 3.8 (10%) (21%) 15.4 8% 13 - 15 13 - 15 (15%) - (2%)
Nickel - Western Australia Nickel (kt) 23.0 22% 5% 81.6 2% 77 - 87 - -
i Production guidance for FY24 and FY25 is for Spence only and
excludes Cerro Colorado which produced 11 kt in FY24 before entering care and
maintenance in December 2023.
ii FY24 production includes 5 Mt (10 Mt on a 100% basis) from
Blackwater and Daunia mines until their divestment on 2 April 2024. Refer to
production and sales report (#_Appendix_2_2) and metallurgical coal
(#_Metallurgical_coal) for further information.
BHP | Operational review for the year ended 30 June 2024
Summary of disclosures
BHP expects its financial results for the second half of FY24 (H2 FY24) to
reflect certain items summarised in the table below. The table does not
provide a comprehensive list of all items impacting the period. The financial
statements are the subject of ongoing work that will not be finalised until
the release of the financial results on 27 August 2024. Accordingly, the
information in the table below contains preliminary information that is
subject to update and finalisation.
Description H2 FY24 impact(i) Classification(ii)
(US$M)
Unit costs (at guidance FX)
Unit costs for FY24 are expected to be within the guidance range at Escondida, - Operating costs
in the lower half of the revised guidance range at BMA, in the upper half of
the guidance range at WAIO, and at the top end of the guidance range at Spence
Note: Average realised exchange rates for FY24 of AUD/USD 0.66 (guidance rate
AUD/USD 0.67) and USD/CLP 907 (guidance rate USD/CLP 810).
Income statement
The Group's adjusted effective tax rate for FY24 is expected to be around the - Taxation expense
midpoint of the guidance range of 30 - 35%
Increase in closure and rehabilitation provision for closed sites ~100 ↑ Operating costs
(predominantly in Group and Unallocated)
Cash flow statement
Working capital movements largely relating to the timing of receivables ~150 - 350 ↑ Operating cash flow
Cash tax paid ~3,350 - 3,450 ↓ Operating cash flow
Dividends received from equity-accounted investments ~200 ↑ Operating cash flow
Capital and exploration spend is expected to be approximately US$9.3 bn, below - ↓ Investing cash flow
full year guidance of ~US$10 bn, primarily driven by favourable FX and cash
preservation decisions at Western Australia Nickel
Proceeds received from the sale of BHP's 50% interest in the Blackwater and ~1,000 ↑ Investing cash flow
Daunia mines(iii)
Dividends paid to non-controlling interests ~800 ↓ Financing cash flow
Payment of the H1 FY24 dividend ~3,600 ↓ Financing cash flow
Exceptional items
Gain on sale of BHP's 50% interest in the Blackwater and Daunia mines (after ~[650 - 750] Exceptional item
tax)
Impairment of Western Australia Nickel following the decision to temporarily ~300 Exceptional item
suspend operations
(https://www.bhp.com/news/media-centre/releases/2024/07/western-australia-nickel-to-temporarily-suspend-operations)
. See Nickel (#_Nickel) section for further information.
Financial impact on BHP Brasil of the Samarco dam failure is subject to - Exceptional item
ongoing work. See Iron ore (#_Iron_ore) section for further information on
Samarco operations.
i Numbers are not tax effected, unless otherwise noted.
ii There will be a corresponding balance sheet, cash flow and/or
income statement impact as relevant, unless otherwise noted.
iii A US$50 m deposit was received during H1 FY24. For detail on
future payments in relation to the divestment please refer to: BHP completes
the divestment of Daunia and Blackwater
(https://www.bhp.com/news/media-centre/releases/2024/04/bhp-completes-the-divestment-of-daunia-and-blackwater)
.
Further information in Appendix 1 (#_Appendix_1)
Detailed production and sales information for all operations in Appendix 2
(#_Appendix_2_1)
2
BHP | Operational review for the year ended 30 June 2024
Segment and asset performance | FY24 YTD v FY23 YTD
Copper
Production Total copper production increased 9% to 1,865 kt. Copper production for FY25
is expected to be between 1,845 and 2,045 kt.
1,865 kt Up 9%
Escondida 1,125 kt Up 7% (100% basis)
Increased production was primarily due to a higher concentrator feed grade of
FY23 1,717 kt 0.88% (including grade of 0.99% achieved in Q4 FY24), up from 0.82% in FY23,
as mining progressed into areas of higher-grade ore as planned following the
FY25e 1,845 - 2,045 kt implementation of measures to manage geotechnical events in FY23. This was
partially offset by planned lower cathode production, as a result of
prioritising concentrator throughput in prior years.
Average realised price Production for FY25 is expected to be between 1,180 and 1,300 kt, driven by
higher grades and throughput, and is expected to be weighted to the second
US$3.98/lb Up 9% half. Concentrator feed grade for FY25 is expected to be greater than 0.90%.
FY23 US$3.65/lb Pampa Norte 266 kt Down 8%
Spence production increased 6% to a record 255 kt, driven by improved
concentrator throughput and increases in both concentrator feed grade and
recoveries. Record concentrate production was partially offset by lower
cathode production, in line with an expected decline in stacked feed grade.
The concentrator plant modifications which commenced in August 2022 were
completed in June 2024.
Spence successfully completed negotiations for a new collective agreement with
the Union N°1 of Operators and Maintainers, effective for 36 months from 1
June 2024.
Production at Spence for FY25 is expected to be between 240 and 270 kt.
Cerro Colorado entered temporary care and maintenance in December 2023, after
producing 11 kt for the period.
Copper South Australia 322 kt Up 39%
Successful integration following the acquisition of OZL in FY23 and strong
underlying operational performance across the asset delivered increased
production, as well as record material mined and concentrate smelted at
Olympic Dam. We have exceeded our planned annualised synergies, such as the
processing of Prominent Hill and Carrapateena concentrate at Olympic Dam into
higher-margin cathode and refined gold, resulting in annual records for
cathode and gold production at Olympic Dam. The successful commissioning and
ramp up of Crusher 2 led to record material mined and concentrate produced at
Carrapateena.
Production for FY25 is expected to be between 310 and 340 kt, weighted to the
second half.
We continued exploration drilling at OD Deeps and Oak Dam to enhance our
resource knowledge in support of our growth studies and we expect to provide
an Inferred Mineral Resource at Oak Dam later this calendar year.
Other copper
At Antamina, copper production increased 4% to 144 kt, as a result of record
concentrator throughput offsetting planned lower feed grades. Zinc production
was 17% lower at 103 kt, as a result of planned lower feed grades. Copper
production for FY25 is expected to be between 115 and 135 kt, due to mine
sequencing which will result in lower throughput, and zinc production is
expected to be between 90 and 110 kt.
Carajás produced 8.4 kt of copper and 5.8 troy koz of gold.
3
BHP | Operational review for the year ended 30 June 2024
Iron ore
Production Iron ore production increased 1% to a record 260 Mt. Production for FY25 is
expected to be between 255 and 265.5 Mt.
260 Mt Up 1%
WAIO 255 Mt Up 1% | 287 Mt (100% basis)
WAIO achieved another full year production record of 255 Mt (287 Mt on a 100%
FY23 257 Mt basis), reflecting strong supply chain performance with increased capacity
unlocked by the Port Debottlenecking Project 1 (PDP1) and record production at
FY25e 255 - 265.5 Mt South Flank. These more than offset the impacts of the continued tie-in
activity for the Rail Technology Programme 1 (RTP1).
South Flank completed ramp up to full production capacity of 80 Mtpa (100%
Average realised price basis) in FY24 as planned, which contributed to WAIO achieving record lump
sales for the year.
US$101.04/wmt Up 9%
Following commissioning in December 2023, PDP1 has enabled higher production
FY23 US$92.54/wmt volumes and contributed to record sales for the year. Ramp up remains on track
to be completed in CY24.
Production for FY25 is expected to be between 250 and 260 Mt (282 and 294 Mt
on a 100% basis) as we ramp up the planned tie-in activities for RTP1.
Samarco 4.7 Mt Up 5% | 9.5 Mt (100% basis)
Production increased as a result of higher concentrator throughput. FY25
production is expected to be between 5 and 5.5 Mt. The second concentrator at
Samarco is expected to come online during Q3 FY25, increasing production
capacity to approximately 16 Mtpa (100% basis) of pellets once fully ramped
up.
Coal
Metallurgical coal
Production BMA 22.3 Mt Down 23% | 44.6 Mt (100% basis)
Production decreased as a result of increased stripping to improve supply
22.3 Mt Down 23% chain stability and restore depleted inventory positions which arose from
extended weather impacts and labour constraints over recent years, and the
FY23 29.0 Mt divestment of Blackwater and Daunia on 2 April 2024. Production was also
impacted by an extended longwall move and geotechnical faulting at Broadmeadow
FY25e 16.5 - 19 Mt during H1 FY24, and the temporary suspension of operations following the
fatality of a team member at Saraji.
Blackwater and Daunia produced 5 Mt (10 Mt on a 100% basis) in FY24 prior to
Average realised price their divestment.
US$266.06/t È2% Production for FY25 is expected to be between 16.5 and 19 Mt (33 and 38 Mt on
a 100% basis) reflecting the divestment of Blackwater and Daunia and impact of
FY23 US$271.05/t elevated strip ratios as we continue to improve supply chain stability and
re-establish raw coal inventory positions.
In the next five years, we expect to increase production to between 21.5 and
22.5 Mtpa (43 and 45 Mtpa on a 100% basis) once BMA is operating with
sustainable inventory levels and strip ratios normalise.
Energy coal
Production NSWEC 15.4 Mt Up 8%
Production increased due to strong operating performance across the year as
15.4 Mt Up 8% improved weather and labour availability enabled an uplift in truck
productivity. This included 1.3 Mt to support regional coal-fired power
FY23 14.2 Mt stations in line with the NSW Government Market Price Emergency (Directions
for Coal Mines) Notice (Directions). The Directions ceased on 1 July 2024,
FY25e 13 - 15 Mt with the change in royalty rates for open cut mines increasing 2.6% points,
from 8.2% to 10.8%.
Production for FY25 is expected to be between 13 and 15 Mt.
Average realised price
We continue to progress our plans to cease mining at the asset in FY30,
US$121.52/t Down 49% including delivering on our progressive rehabilitation commitments during
FY24.
FY23 US$236.51/t
4
BHP | Operational review for the year ended 30 June 2024
Group & Unallocated
Nickel
Production Western Australia Nickel 81.6 kt Up 2%
Nickel West production was in line with the prior year. We produced a higher
81.6 kt Up 2% proportion of the lower-value matte products as a result of increased
maintenance at Kwinana Refinery and severe weather events in March 2024.
FY23 80.0 kt
On 11 July 2024, we announced the temporary suspension of operations at
Western Australia Nickel with a transition period to commence from July
2024. Operations will be suspended by October 2024 and handover activities
Average realised price for temporary suspension will be completed by December 2024. During the
temporary suspension, we will invest ~US$300 m per annum in the facilities to
US$18,197/t Down 24% enable a potential restart.
FY23 US$24,021/t We are expecting to report an underlying EBITDA loss of ~US$300 m at Western
Australia Nickel for FY24 and to recognise a further non-cash impairment
charge of US$0.3 bn (pre-tax) as an exceptional item in the Group's FY24
Financial Statements.
Quarterly performance | Q4 FY24 v Q3 FY24
Copper Iron ore
505 kt Up 8% Higher concentrator grade and throughput at Escondida, and higher volumes at 69 Mt Up 13% Record monthly and quarterly production achieved at WAIO as a result of strong
Copper SA with record production at Carrapateena following the commissioning
underlying performance at the mines and the benefits of PDP1, as well as the
Q3 FY24 466 kt of Crusher 2 in Q3 FY24. Q3 FY24 61 Mt prior quarter impacts of wet weather and a bushfire near Yandi.
Metallurgical coal Energy coal
4.9 Mt Down 18% Production decreased following the divestment of the Blackwater and Daunia 3.8 Mt Down 10% Lower production as a result of unfavourable weather, maintenance works
mines on 2 April 2024. Production increased at the remaining operations as a
brought forward from Q1 FY25, and a higher proportion of washed coal.
Q3 FY24 6.0 Mt result of improved truck productivity and favourable weather conditions. Q3 FY24 4.1 Mt
Nickel
23 kt Up 22% Higher production following prior period impacts from planned maintenance at
the Kwinana Refinery and a severe weather event in March.
Q3 FY24 19 kt
The following footnotes apply to this Operational Review:
1 At the midpoint of total copper production guidance for FY25 of
1,845 - 2,045 kt
5
BHP | Operational review for the year ended 30 June 2024
Appendix 1
Average realised prices(i)
Quarter H2 FY24 YTD
Q4 FY24 v Q3 FY24 H2 FY24 v H1 FY24 v H2 FY23 FY24 v FY23
Copper (US$/lb)(i)(i,iii,iv) 4.58 19% 4.27 17% 12% 3.98 9%
Iron ore (US$/wmt, FOB)(v) 91.31 (14%) 98.49 (5%) (1%) 101.04 9%
Metallurgical coal (US$/t)(v)(i) 245.29 (13%) 265.71 (0%) (3%) 266.06 (2%)
Hard coking coal (US$/t)(v)(ii) 246.02 (16%) 271.26 (1%) (2%) 273.03 (0%)
Weak coking coal (US$/t) (v)(ii) 161.70 (23%) 206.84 1% (17%) 205.54 (18%)
Thermal coal (US$/t)(v)(i)(,viii) 123.38 6% 119.57 (3%) (24%) 121.52 (49%)
Nickel metal (US$/t)(ix) 18,414 11% 17,744 (5%) (25%) 18,197 (24%)
i Based on provisional, unaudited estimates. Prices exclude
sales from equity accounted investments, third party product and internal
sales, and represent the weighted average of various sales terms (for example:
FOB, CIF and CFR), unless otherwise noted. Includes the impact of provisional
pricing and finalisation adjustments.
ii At 30 June 2024, the Group had 430 kt of outstanding copper
sales that were revalued at a weighted average price of US$4.33/lb. The final
price of these sales will be determined in FY25. In addition, 342 kt of copper
sales from FY23 were subject to a finalisation adjustment in the current
period. The displayed prices include the impact of these provisional pricing
and finalisation adjustments.
iii The large majority of copper cathodes sales were linked to
index price for quotation periods one month after month of shipment, and three
to four months after month of shipment for copper concentrates sales with
price differentials applied for location and treatment costs.
iv Sales from Carrapateena and Prominent Hill acquired through the
purchase of OZL are included for Q4 FY24.
v The large majority of iron ore shipments were linked to index
pricing for the month of shipment, with price differentials predominantly a
reflection of market fundamentals and product quality. Iron ore sales for FY24
and Q4 FY24 were based on an average moisture rate of 6.7% and 6.9%
respectively.
vi The large majority of metallurgical coal and energy coal exports
were linked to index pricing for the month of scheduled shipment or priced on
the spot market at fixed or index-linked prices, with price differentials
reflecting product quality.
vii Hard coking coal (HCC) refers generally to those metallurgical
coals with a Coke Strength after Reaction (CSR) of 35 and above, which
includes coals across the spectrum from Premium Coking to Semi Hard Coking
coals, while weak coking coal (WCC) refers generally to those metallurgical
coals with a CSR below 35.
viii Export sales only. Includes thermal coal sales from metallurgical
coal mines.
ix Relates to refined nickel metal only, excludes intermediate
products and nickel sulphate.
Current year unit cost guidance
Current
FY24 guidance(i)
Escondida unit cost (US$/lb) )(ii) 1.40 - 1.70 Unchanged
Spence unit cost (US$/lb) 2.00 - 2.30 Top end
WAIO unit cost (US$/t) 17.40 - 18.90 Upper half
BMA unit cost (US$/t) 119 - 125 Lower half
i FY24 unit cost guidance is based on exchange rates of
AUD/USD 0.67 and USD/CLP 810.
ii Escondida unit costs for FY24 onwards exclude revenue-based
government royalties.
Major projects
Commodity Project and ownership Project scope / capacity Capital First Progress
expenditure
production
US$M
target date
Potash Jansen Stage 1 Design, engineering and construction of an underground potash mine and surface 5,723 End-CY26 Project is 52% complete
(Canada) infrastructure, with capacity to produce 4.15 Mtpa.
100%
Potash Jansen Stage 2 Development of additional mining districts, completion of the second shaft 4,859 FY29 Project is 2% complete
(Canada) hoist infrastructure, expansion of processing facilities and addition of rail
100% cars to facilitate production of an incremental 4.36 Mtpa.
The operating expenditure related to Potash for FY24 is expected to be ~US$250
m.
Exploration
Minerals exploration and evaluation expenditure was US$457 m for FY24 (FY23:
US$350 m) of which US$399 m was expensed (FY23: US$294 m).
6
BHP | Operational review for the year ended 30 June 2024
Appendix 2
17 July 2024
BHP OPERATIONAL REVIEW
FOR THE YEAR ENDED 30 JUNE 2024
Production and sales summary
www.bhp.com (http://www.bhp.com/)
7
BHP | Operational review for the year ended 30 June 2024
Production Sales
Quarter ended Year to date Quarter ended Year to date
Jun Sep Dec Mar Jun Jun Jun Var Jun Sep Dec Mar Jun Jun Jun Var
2023 2023 2023 2024 2024 2024 2023 % 2023 2023 2023 2024 2024 2024 2023 %
Group production and sales summary
By commodity
Metals production is payable metal unless otherwise noted.
Throughout this report figures in italics indicate that this figure has been
adjusted since it was previously reported.
Copper Payable metal in concentrate kt 310.7 317.3 308.7 339.1 370.5 1,335.6 1,117.9 19% 323.1 298.0 316.5 281.6 378.8 1,274.9 1,124.5 13%
Escondida kt 220.5 221.3 207.7 239.2 258.5 926.7 832.7 11% 220.3 209.5 211.7 204.0 261.3 886.5 830.3 7%
Pampa Norte kt 32.2 38.8 32.6 39.5 39.4 150.3 125.3 20% 38.6 31.3 34.9 26.9 49.3 142.4 125.3 14%
Copper South Australia kt 19.9 23.5 27.4 23.3 32.1 106.3 19.9 434% 27.6 22.2 31.6 17.1 28.0 98.9 27.6 258%
Antamina kt 36.5 32.5 39.2 33.9 38.3 143.9 138.4 4% 34.5 32.8 38.3 31.3 37.4 139.8 139.2 0%
Carajás kt 1.6 1.2 1.8 3.2 2.2 8.4 1.6 425% 2.1 2.2 - 2.3 2.8 7.3 2.1 248%
Cathode kt 165.5 139.7 128.7 126.8 134.4 529.6 598.6 (12)% 179.9 131.9 137.6 120.1 142.3 531.9 600.3 (11)%
Escondida kt 72.5 52.0 46.9 49.0 50.7 198.6 222.6 (11)% 78.0 49.2 52.2 44.3 54.6 200.3 221.2 (9)%
Pampa Norte kt 36.3 39.5 27.2 22.1 26.5 115.3 163.5 (29)% 42.4 36.6 31.1 22.1 26.5 116.3 166.4 (30)%
Copper South Australia kt 56.7 48.2 54.6 55.7 57.2 215.7 212.5 2% 59.5 46.1 54.3 53.7 61.2 215.3 212.7 1%
Total kt 476.2 457.0 437.4 465.9 504.9 1,865.2 1,716.5 9% 503.0 429.9 454.1 401.7 521.1 1,806.8 1,724.8 5%
Lead Payable metal in concentrate t 146 96 105 - 131 332 657 (49)% 143 154 91 108 9 362 545 (34)%
Antamina t 146 96 105 - 131 332 657 (49)% 143 154 91 108 9 362 545 (34)%
Zinc Payable metal in concentrate t 38,822 35,669 33,475 18,409 15,839 103,392 125,048 (17)% 37,629 33,912 37,092 17,559 14,118 102,681 126,427 (19)%
Antamina t 38,822 35,669 33,475 18,409 15,839 103,392 125,048 (17)% 37,629 33,912 37,092 17,559 14,118 102,681 126,427 (19)%
Gold Payable metal in concentrate troy oz 96,655 89,024 94,794 79,284 100,113 363,215 249,795 45% 108,552 87,703 98,969 70,493 92,433 349,598 261,692 34%
Escondida troy oz 53,503 48,063 48,633 38,955 45,410 181,061 189,095 (4)% 53,503 48,063 48,633 38,955 45,410 181,061 189,095 (4)%
Pampa Norte troy oz 9,263 3,931 2,854 1,819 4,676 13,280 26,811 (50)% 9,263 3,931 2,854 1,819 4,676 13,280 26,811 (50)%
Copper South Australia troy oz 32,736 36,228 42,051 36,427 48,355 163,061 32,736 398% 44,098 34,176 47,482 28,136 40,507 150,301 44,098 241%
Carajás troy oz 1,153 802 1,256 2,083 1,672 5,813 1,153 404% 1,688 1,533 - 1,583 1,840 4,956 1,688 194%
Refined gold troy oz 46,479 53,028 55,828 49,128 49,139 207,123 186,029 11% 49,182 54,036 55,349 41,710 52,687 203,782 187,924 8%
Copper South Australia troy oz 46,479 53,028 55,828 49,128 49,139 207,123 186,029 11% 49,182 54,036 55,349 41,710 52,687 203,782 187,924 8%
Total troy oz 143,134 142,052 150,622 128,412 149,252 570,338 435,824 31% 157,734 141,739 154,318 112,203 145,120 553,380 449,616 23%
Silver Payable metal in concentrate troy koz 2,592 2,582 3,074 2,620 3,317 11,593 10,478 11% 2,409 2,527 2,938 2,431 3,137 11,033 10,014 10%
Escondida troy koz 1,008 1,168 1,401 1,328 1,549 5,446 5,074 7% 1,008 1,168 1,401 1,328 1,549 5,446 5,074 7%
Pampa Norte troy koz 412 356 388 327 583 1,654 1,318 25% 412 356 388 327 583 1,654 1,318 25%
Copper South Australia troy koz 201 260 310 252 312 1,134 201 464% 242 258 364 189 311 1,122 242 364%
Antamina troy koz 971 798 975 713 873 3,359 3,885 (14)% 747 745 785 587 694 2,811 3,380 (17)%
Refined silver troy koz 256 261 221 248 265 995 1,089 (9)% 270 219 222 188 329 958 1,130 (15)%
Copper South Australia troy koz 256 261 221 248 265 995 1,089 (9)% 270 219 222 188 329 958 1,130 (15)%
Total troy koz 2,848 2,843 3,295 2,868 3,582 12,588 11,567 9% 2,679 2,746 3,160 2,619 3,466 23,024 21,158 9%
Uranium Payable metal in concentrate t 813 825 986 863 929 3,603 3,406 6% 1,275 481 895 394 1,554 3,324 3,357 (1)%
Copper South Australia t 813 825 986 863 929 3,603 3,406 6% 1,275 481 895 394 1,554 3,324 3,357 (1)%
Molybdenum Payable metal in concentrate t 666 612 481 824 699 2,616 2,162 21% 594 564 468 677 678 2,387 2,172 10%
Pampa Norte t 333 329 145 203 117 794 990 (20)% 367 303 162 219 134 818 1,100 (26)%
Antamina t 333 283 336 621 582 1,822 1,172 55% 227 261 306 458 544 1,569 1,072 46%
Iron ore Western Australia Iron Ore (WAIO) kt 64,074 62,004 64,460 60,299 68,173 254,936 252,531 1% 62,926 64,180 62,606 61,868 67,323 255,977 248,883 3%
Samarco kt 1,221 1,231 1,302 1,174 1,041 4,748 4,512 5% 1,160 1,136 1,329 1,258 1,043 4,766 4,514 6%
Total kt 65,295 63,235 65,762 61,473 69,214 259,684 257,043 1% 64,086 65,316 63,935 63,126 68,366 260,743 253,397 3%
Metallurgical coal¹ BHP Mitsubishi Alliance (BMA) kt 8,477 5,601 5,717 6,035 4,922 22,275 29,020 (23)% 8,876 5,325 5,706 6,359 4,904 22,294 28,571 (22)%
Energy coal NSW Energy Coal (NSWEC) kt 4,765 3,613 3,855 4,149 3,751 15,368 14,172 8% 4,894 3,307 4,250 3,932 3,678 15,167 13,864 9%
Nickel Western Australia Nickel kt 22.0 20.2 19.6 18.8 23.0 81.6 80.0 2% 23.4 18.9 20.0 18.8 23.2 80.9 82.1 (1)%
Cobalt Western Australia Nickel t 246 192 182 179 181 734 752 (2)% 246 192 110 179 181 662 752 (12)%
1 Includes BMA thermal coal sales.
8
BHP | Operational review for the year ended 30 June 2024
Production Sales
Quarter ended Year to date Quarter ended Year to date
Jun Sep Dec Mar Jun Jun Jun Var Jun Sep Dec Mar Jun Jun Jun Var
2023 2023 2023 2024 2024 2024 2023 % 2023 2023 2023 2024 2024 2024 2023 %
Production and sales
By asset
Copper
Metals production is payable metal unless otherwise noted.
Escondida, Chile¹ BHP interest 57.5%
Material mined kt 95,451 87,462 95,168 103,872 102,752 389,254 413,856 (6)%
Concentrator throughput kt 30,750 33,332 34,752 31,653 34,377 134,114 130,864 2%
Average copper grade - concentrator % 0.93% 0.85% 0.78% 0.92% 0.99% 0.88% 0.82% 7%
Production ex mill kt 228.9 225.7 217.6 238.6 279.5 961.4 866.3 11%
Payable copper kt 220.5 221.3 207.7 239.2 258.5 926.7 832.7 11% 220.3 209.5 211.7 204.0 261.3 886.5 830.3 7%
Copper cathode (EW) kt 72.5 52.0 46.9 49.0 50.7 198.6 222.6 (11)% 78.0 49.2 52.2 44.3 54.6 200.3 221.2 (9)%
Oxide leach kt 29.3 17.5 17.0 14.4 13.8 62.7 76.8 (18)%
Sulphide leach kt 43.2 34.5 29.9 34.6 36.9 135.9 145.8 (7)%
Total copper kt 293.0 273.3 254.6 288.2 309.2 1,125.3 1,055.3 7% 298.3 258.7 263.9 248.3 315.9 1,086.8 1,051.5 3%
Payable gold concentrate troy oz 53,503 48,063 48,633 38,955 45,410 181,061 189,095 (4)% 53,503 48,063 48,633 38,955 45,410 181,061 189,095 (4)%
Payable silver concentrate troy koz 1,008 1,168 1,401 1,328 1,549 5,446 5,074 7% 1,008 1,168 1,401 1,328 1,549 5,446 5,074 7%
1 Shown on a 100% basis.
Pampa Norte, Chile BHP interest 100%
Copper Payable metal in concentrate kt 32.2 38.8 32.6 39.5 39.4 150.3 125.3 20% 38.6 31.3 34.9 26.9 49.3 142.4 125.3 14%
Cathode kt 36.3 39.5 27.2 22.1 26.5 115.3 163.5 (29)% 42.4 36.6 31.1 22.1 26.5 116.3 166.4 (30)%
Total copper kt 68.5 78.3 59.8 61.6 65.9 265.6 288.8 (8)% 81.0 67.9 66.0 49.0 75.8 258.7 291.7 (11)%
Gold troy oz 9,263 3,931 2,854 1,819 4,676 13,280 26,811 (50)% 9,263 3,931 2,854 1,819 4,676 13,280 26,811 (50)%
Silver troy koz 412 356 388 327 583 1,654 1,318 25% 412 356 388 327 583 1,654 1,318 25%
Molybdenum t 333 329 145 203 117 794 990 (20)% 367 303 162 219 134 818 1,100 (26)%
Cerro Colorado¹
Material mined kt 145 - - - - - 4,079 (100)%
Ore stacked kt 3,928 154 - - - 154 15,987 (99)%
Average copper grade - stacked % 0.53% 0.58% - - - 0.58% 0.55% 6%
Copper cathode (EW) kt 12.2 9.5 1.6 - - 11.1 49.2 (77)% 14.1 8.8 3.7 - - 12.5 50.5 (75)%
Spence
Material mined kt 25,622 27,654 25,973 15,968 19,951 89,546 104,416 (14)%
Ore stacked kt 5,625 5,113 4,744 6,008 5,926 21,791 21,304 2%
Average copper grade - stacked % 0.58% 0.60% 0.59% 0.56% 0.54% 0.57% 0.64% (10)%
Concentrator throughput kt 6,927 8,473 7,151 8,055 7,766 31,445 28,252 11%
Average copper grade - concentrator % 0.61% 0.64% 0.65% 0.64% 0.70% 0.66% 0.61% 7%
Payable copper kt 32.2 38.8 32.6 39.5 39.4 150.3 125.3 20% 38.6 31.3 34.9 26.9 49.3 142.4 125.3 14%
Copper cathode (EW) kt 24.1 30.0 25.6 22.1 26.5 104.2 114.3 (9)% 28.3 27.8 27.4 22.1 26.5 103.8 115.9 (10)%
Total copper kt 56.3 68.8 58.2 61.6 65.9 254.5 239.6 6% 66.9 59.1 62.3 49.0 75.8 246.2 241.2 2%
Payable gold concentrate troy oz 9,263 3,931 2,854 1,819 4,676 13,280 26,811 (50)% 9,263 3,931 2,854 1,819 4,676 13,280 26,811 (50)%
Payable silver concentrate troy koz 412 356 388 327 583 1,654 1,318 25% 412 356 388 327 583 1,654 1,318 25%
Payable molybdenum t 333 329 145 203 117 794 990 (20)% 367 303 162 219 134 818 1,100 (26)%
1 Cerro Colorado entered temporary care and maintenance in December 2023.
9
BHP | Operational review for the year ended 30 June 2024
Production Sales
Quarter ended Year to date Quarter ended Year to date
Jun Sep Dec Mar Jun Jun Jun Var Jun Sep Dec Mar Jun Jun Jun Var
2023 2023 2023 2024 2024 2024 2023 % 2023 2023 2023 2024 2024 2024 2023 %
Copper (continued)
Copper South Australia, Australia BHP interest 100%
Copper Payable metal in concentrate kt 19.9 26.2 30.6 27.4 34.7 118.9 19.9 497% 27.6 22.2 31.6 17.1 28.0 98.9 27.6 258%
Cathode kt 56.7 48.2 54.6 55.7 57.2 215.7 212.5 2% 59.5 46.1 54.3 53.7 61.2 215.3 212.7 1%
Total copper kt 76.6 74.4 85.2 83.1 91.9 334.6 232.4 44% 87.1 68.3 85.9 70.8 89.2 314.2 240.3 31%
Payable metal in concentrate transfer to Olympic Dam¹ kt - (2.7) (3.2) (4.1) (2.6) (12.6) 0.0
Net copper kt 76.6 71.7 82 79.0 89.3 322.0 232.4 39%
Gold Payable metal in concentrate troy oz 32,736 41,424 48,051 43,209 52,045 184,729 32,736 464% 44,098 34,176 47,482 28,136 40,507 150,301 44,098 241%
Refined gold troy oz 46,479 53,028 55,828 49,128 49,139 207,123 186,029 11% 49,182 54,036 55,349 41,710 52,687 203,782 187,924 8%
Total gold troy oz 79,215 94,452 103,879 92,337 101,184 391,852 218,765 79% 93,280 88,212 102,831 69,846 93,194 354,083 232,022 53%
Payable metal in concentrate transfer to Olympic Dam¹ troy oz - (5,196) (6,000) (6,782) (3,690) (21,668) -
Net gold troy oz 79,215 89,256 97,879 85,555 97,494 370,184 218,765 69%
Silver Payable metal in concentrate troy koz 201 271 323 282 333 1,209 201 501% 242 258 364 189 311 1,122 242 364%
Refined silver troy koz 256 261 221 248 265 995 1,089 (9)% 270 219 222 188 329 958 1,130 (15)%
Total silver troy koz 457 532 544 530 598 2,204 1,290 71% 512 477 586 377 640 2,080 1,372 52%
Payable metal in concentrate transfer to Olympic Dam¹ troy koz - (11) (13) (30) (21) (75) -
Net silver troy koz 457 521 531 500 577 2,129 1,290 65%
Uranium t 813 825 986 863 929 3,603 3,406 6% 1,275 481 895 394 1,554 3,324 3,357 (1)%
Olympic Dam
Material mined kt 2,356 2,655 2,537 2,747 2,815 10,754 9,349 15%
Ore milled kt 2,755 2,596 2,634 2,511 2,912 10,653 10,445 2%
Average copper grade % 2.00% 1.96% 2.12% 1.96% 2.00% 2.01% 2.04% (1)%
Average uranium grade kg/t 0.55 0.56 0.62 0.57 0.58 0.58 0.57 1%
Copper cathode (ER and EW) kt 56.7 48.2 54.6 55.7 57.2 215.7 212.5 2% 59.5 46.1 54.3 53.7 61.2 215.3 212.7 1%
Refined gold troy oz 46,479 53,028 55,828 49,128 49,139 207,123 186,029 11% 49,182 54,036 55,349 41,710 52,687 203,782 187,924 8%
Refined silver troy koz 256 261 221 248 265 995 1,089 (9)% 270 219 222 188 329 958 1,130 (15)%
Payable uranium t 813 825 986 863 929 3,603 3,406 6% 1,275 481 895 394 1,554 3,324 3,357 (1)%
Prominent Hill²
Material mined kt 661 1,110 1,125 1,094 1,175 4,504 661 581%
Ore milled kt 1,228 1,652 1,800 1,473 1,815 6,740 1,228 449%
Average copper grade % 0.77% 0.85% 0.83% 0.86% 0.94% 0.87% 0.77% 13%
Concentrate produced kt 16.3 23.8 23.6 22.3 28.4 98.1 16.3 502%
Payable copper kt 8.2 12.1 12.9 10.9 14.6 50.5 8.2 516% 15.7 8.4 10.6 6.5 7.3 32.8 15.7 109%
Payable gold concentrate troy oz 17,432 22,031 25,779 21,019 25,357 94,186 17,432 440% 28,856 15,524 20,045 14,644 12,955 63,168 28,856 119%
Payable silver concentrate troy koz 44 63 65 62 90 280 44 536% 87 53 59 38 48 198 87 128%
Carrapateena²
Material mined kt 880 1,201 1,310 1,232 1,486 5,229 880 494%
Ore milled kt 856 1,230 1,307 1,226 1,450 5,213 856 509%
Average copper grade % 1.52% 1.29% 1.52% 1.52% 1.57% 1.48% 1.52% (3)%
Concentrate produced kt 30.1 37.6 49.2 45.9 62.0 194.7 30.1 547%
Payable copper kt 11.7 14.1 17.7 16.5 20.1 68.4 11.7 485% 11.9 13.8 21.0 10.6 20.7 66.1 11.9 455%
Payable gold concentrate troy oz 15,304 19,393 22,272 22,190 26,688 90,543 15,304 492% 15,242 18,652 27,437 13,492 27,552 87,133 15,242 472%
Payable silver concentrate troy koz 157 208 258 220 243 929 157 492% 155 205 305 151 263 924 155 496%
1 Excludes prior year production previously reported and transferred during
the period.
2 Production and sales included from 1 May 2023, following the acquisition of
OZL on 2 May 2023.
10
BHP | Operational review for the year ended 30 June 2024
Production Sales
Quarter ended Year to date Quarter ended Year to date
Jun Sep Dec Mar Jun Jun Jun Var Jun Sep Dec Mar Jun Jun Jun Var
2023 2023 2023 2024 2024 2024 2023 % 2023 2023 2023 2024 2024 2024 2023 %
Copper (continued)
Antamina, Peru BHP interest 33.75%
Material mined kt 62,894 63,310 61,539 56,233 62,481 243,563 253,448 (4)%
Concentrator throughput kt 13,897 14,246 14,824 14,312 14,534 57,916 54,376 7%
Average head grade - copper % 0.88% 0.83% 0.90% 0.83% 0.91% 0.87% 0.89% (2)%
Average head grade - zinc % 1.25% 1.17% 1.03% 0.68% 0.68% 0.89% 1.10% (19)%
Payable copper kt 36.5 32.5 39.2 33.9 38.3 143.9 138.4 4% 34.5 32.8 38.3 31.3 37.4 139.8 139.2 0%
Payable zinc t 38,822 35,669 33,475 18,409 15,839 103,392 125,048 (17)% 37,629 33,912 37,092 17,559 14,118 102,681 126,427 (19)%
Payable silver troy koz 971 798 975 713 873 3,359 3,885 (14)% 747 745 785 587 694 2,811 3,380 (17)%
Payable lead t 146 96 105 - 131 332 657 (49)% 143 154 91 108 9 362 545 (34)%
Payable molybdenum t 333 283 336 621 582 1,822 1,172 55% 227 261 306 458 544 1,569 1,072 46%
Carajás, Brazil¹ BHP interest 100%
Material mined kt 103 74 115 163 134 486 103 372%
Ore milled kt 100 70 119 163 135 487 100 387%
Average copper grade % 1.71% 1.91% 1.69% 2.07% 1.68% 1.85% 1.71% 8%
Production ex mill kt 6.6 5.2 7.6 12.9 8.8 34.5 6.6 423%
Payable copper kt 1.6 1.2 1.8 3.2 2.2 8.4 1.6 425% 2.1 2.2 - 2.3 2.8 7.3 2.1 248%
Payable gold concentrate troy oz 1,153 802 1,256 2,083 1,672 5,813 1,153 404% 1,688 1,533 - 1,583 1,840 4,956 1,688 194%
1 Production and sales included from 1 May 2023, following the acquisition of
OZL on 2 May 2023.
Iron ore
Iron ore production and sales are reported on a wet tonnes basis.
WAIO, Australia BHP interest 85%
Newman Joint Venture kt 14,795 13,234 15,468 15,032 14,368 58,102 56,945 2%
Area C Joint Venture kt 28,818 25,804 26,074 24,920 29,070 105,868 107,375 (1)%
Yandi Joint Venture kt 5,359 3,150 4,978 4,434 5,293 17,855 21,410 (17)%
Jimblebar¹ kt 15,102 19,816 17,940 15,913 19,442 73,111 66,801 9%
Total kt 64,074 62,004 64,460 60,299 68,173 254,936 252,531 1%
Total (100%) kt 72,717 69,448 72,670 68,131 76,773 287,022 285,307 1%
Lump kt 20,022 20,969 19,176 19,175 20,260 79,580 77,979 2%
Fines kt 42,904 43,211 43,430 42,693 47,063 176,397 170,904 3%
Total kt 62,926 64,180 62,606 61,868 67,323 255,977 248,883 3%
Total (100%) kt 71,172 71,748 70,340 69,775 75,898 287,761 280,716 3%
Samarco, Brazil BHP interest 50%
Total kt 1,221 1,231 1,302 1,174 1,041 4,748 4,512 5% 1,160 1,136 1,329 1,258 1,043 4,766 4,514 6%
1 Shown on a 100% basis. BHP interest in saleable production is 85%.
11
BHP | Operational review for the year ended 30 June 2024
Production Sales
Quarter ended Year to date Quarter ended Year to date
Jun Sep Dec Mar Jun Jun Jun Var Jun Sep Dec Mar Jun Jun Jun Var
2023 2023 2023 2024 2024 2024 2023 % 2023 2023 2023 2024 2024 2024 2023 %
Coal
Coal production is reported on the basis of saleable product.
BMA, Australia BHP interest 50%
Blackwater¹ kt 1,505 1,295 1,182 1,070 25 3,572 5,055 (29)%
Goonyella kt 2,348 827 1,736 1,824 2,047 6,434 8,310 (23)%
Peak Downs kt 1,424 1,121 846 1,012 1,238 4,217 5,480 (23)%
Saraji kt 1,326 1,010 701 759 817 3,287 4,596 (28)%
Daunia¹ kt 617 545 431 524 13 1,513 1,989 (24)%
Caval Ridge kt 1,257 803 821 846 782 3,252 3,590 (9)%
Total(2) kt 8,477 5,601 5,717 6,035 4,922 22,275 29,020 (23)%
Total (100%) kt 16,954 11,202 11,434 12,070 9,844 44,550 58,040 (23)%
Coking coal kt 7,448 4,497 4,756 5,410 4,862 19,525 24,307 (20)%
Weak coking coal kt 1,064 529 752 927 42 2,250 3,101 (27)%
Thermal coal kt 364 299 198 22 - 519 1,163 (55)%
Total kt 8,876 5,325 5,706 6,359 4,904 22,294 28,571 (22)%
Total (100%) kt 17,752 10,650 11,412 12,718 9,808 44,588 57,142 (22)%
1 Production and sales included contribution from Blackwater and Daunia mines
until their divestment on 2 April 2024.
2 Production figures include some thermal coal.
NSWEC, Australia BHP interest 100%
Export kt 4,693 3,087 3,942 3,558 3,254 13,841 13,663 1%
Domestic¹ kt 201 220 308 374 424 1,326 201 560%
Total kt 4,765 3,613 3,855 4,149 3,751 15,368 14,172 8% 4,894 3,307 4,250 3,932 3,678 15,167 13,864 9%
1 Domestic sales are made under the NSW Government Coal Market Price Emergency
(Directions for Coal Mines) Notice 2023.
Other
Nickel production is reported on the basis of saleable product.
Western Australia Nickel, Australia BHP interest 100%
Mt Keith Nickel concentrate kt 44.5 42.7 43.8 32.4 42.6 161.5 165.5 (2)%
Average nickel grade % 16.2 16.7 16.8 15.2 17.8 16.7 16.3 2%
Leinster Nickel concentrate kt 71.1 66.0 63.4 60.3 76.6 266.3 254.2 5%
Average nickel grade % 8.5 8.1 8.0 7.8 9.0 8.3 9.1 (9)%
Refined nickel¹ kt 13.1 13.8 12.6 8.8 14.7 49.9 54.6 (9)% 13.1 13.2 13.0 8.6 14.8 49.6 54.4 (9)%
Nickel sulphate² kt 0.7 0.9 0.7 1.0 1.6 4.2 3.2 31% 0.8 0.8 0.7 0.8 1.5 3.8 3.0 27%
Intermediates and nickel by-products³ kt 8.2 5.5 6.3 9.0 6.7 27.5 22.2 24% 9.5 4.9 6.3 9.4 6.9 27.5 24.7 11%
Total nickel kt 22.0 20.2 19.6 18.8 23.0 81.6 80.0 2% 23.4 18.9 20.0 18.8 23.2 80.9 82.1 (1)%
Cobalt by-products t 246 192 182 179 181 734 752 (2)% 246 192 110 179 181 662 752 (12)%
1 High quality refined nickel metal, including briquettes and powder.
2 Nickel sulphate crystals produced from nickel powder.
3 Nickel contained in matte and by-product streams.
12
Variance analysis relates to the relative performance of BHP and/or its
operations during the 12 months ended June 2024 compared with the 12 months
ended June 2023, unless otherwise noted. Production volumes, sales volumes and
capital and exploration expenditure from subsidiaries are reported on a
100% basis; production and sales volumes from equity accounted investments
and other operations are reported on a proportionate consolidation basis.
Numbers presented may not add up precisely to the totals provided due to
rounding. Medium-term refers to a five year horizon, unless otherwise noted.
The following abbreviations may have been used throughout this report: billion
tonnes (Bt); cost and freight (CFR); cost, insurance and freight (CIF), carbon
dioxide equivalent (CO2-e), dry metric tonne unit (dmtu); free on board (FOB);
giga litres (GL); greenhouse gas (GHG); grams per cubic centimeter (g/cm3),
grams per tonne (g/t); high-potential injury (HPI); kilograms per tonne
(kg/t); kilometre (km); million ounces per annum (Mozpa); metres (m), million
pounds (Mlb); million tonnes (Mt); million tonnes per annum (Mtpa); ounces
(oz); OZ Minerals Limited (OZL); part per million (ppm), pounds (lb); thousand
ounces (koz); thousand ounces per annum (kozpa); thousand tonnes (kt);
thousand tonnes per annum (ktpa); thousand tonnes per day (ktpd); tonnes (t);
total recordable injury frequency (TRIF); wet metric tonnes (wmt); and year to
date (YTD).
In this release, the terms 'BHP', the 'Group', 'BHP Group', 'we', 'us', 'our'
and 'ourselves' are used to refer to BHP Group Limited and, except where the
context otherwise requires, our subsidiaries. Refer to note 30 'Subsidiaries'
of the Financial Statements in BHP's 30 June 2023 Annual Report for a list of
our significant subsidiaries. Those terms do not include non-operated assets.
Notwithstanding that this release may include production, financial and other
information from non-operated assets, non-operated assets are not included in
the BHP Group and, as a result, statements regarding our operations, assets
and values apply only to our operated assets unless stated otherwise. Our
non-operated assets include Antamina and Samarco. BHP Group cautions against
undue reliance on any forward-looking statement or guidance in this release.
These forward-looking statements are based on information available as at the
date of this release and are not guarantees or predictions of future
performance and involve known and unknown risks, uncertainties and other
factors, many of which are beyond our control and which may cause actual
results to differ materially from those expressed in the statements contained
in this release.
Further information on BHP can be found at bhp.com (http://www.bhp.com/)
Authorised for lodgement by:
Stefanie Wilkinson
Group Company Secretary
Media Relations Investor Relations
Email: media.relations@bhp.com (mailto:media.relations@bhp.com) Email: investor.relations@bhp.com (mailto:investor.relations@bhp.com)
Australia and Asia Australia and Asia
Gabrielle Notley John-Paul Santamaria
Tel: +61 3 9609 3830 Mobile: +61 411 071 715 Mobile: +61 499 006 018
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Neil Burrows James Bell
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Americas Americas
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Mobile: +56 9 8229 5357 Mobile: +1 416 518 6293
BHP Group Limited ABN 49 004 028 077
LEI WZE1WSENV6JSZFK0JC28
Registered in Australia
Registered Office: Level 18, 171 Collins Street
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Tel +61 1300 55 4757 Fax +61 3 9609 3015
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