21
January 2025
Operational review for the half
year ended 31 December 2024
Strong underlying operational
performance, with copper production up 10%
"BHP delivered
safe and reliable performance
in the first half. Our flagship
copper, iron ore and steelmaking coal assets delivered
particularly strong production in the period. Copper volumes rose 10%, with Escondida achieving a 10-year
production record, more than
offsetting the impact of a weather-related power outage at Copper SA.
WAIO shipped record half-year tonnes through the
port, enabled by supply chain improvements following the completion of major debottlenecking at
the port. Steelmaking coal
tonnes from the BMA operations were up
14%.
We made further progress on our growth
pathways in future facing commodities. In
January, we completed the
formation of
Vicuña
Corp. with Lundin Mining to advance the Filo del
Sol and Josemaria projects in Argentina, which we
consider to be one of the most significant
global copper discoveries
in decades. In Canada, our Jansen Stage 1 potash project is now 63%
complete, with first production
scheduled for late 2026, and we
continue to execute Stage 2
in parallel.
In Brazil, Samarco, BHP Brasil and Vale signed
a comprehensive settlement agreement with
the Brazilian government and public authorities for the Samarco Fundão dam failure, reflecting
BHP Brasil's commitment
to support the people, communities and environment affected by the tragedy. Our WA Nickel operations were safely
transitioned into a period of temporary suspension, with
many employees
moving into roles
to support this phase or within
other parts of BHP.
We are well positioned to continue
strong momentum into the second half with a number of assets now
expected to deliver production in the upper half of their
respective ranges, while maintaining tight cost control. BHP is in
good shape and we have a clear pathway for growth."
Mike
Henry
BHP
Chief Executive Officer
Summary
|
Operational excellence
|
Guidance
|
|
Strong performance, Escondida up
22%
|
Executing to plan
|
|
Group copper production increased
10%, driven by a 22% increase at Escondida.
Strong underlying performance at
all other assets, including at WAIO, where recent completion of the
Port Debottlenecking Project (PDP1) has unlocked greater
throughput, and at BMA where production increased 14% (excluding
production from the now divested Blackwater and Daunia
mines).
|
We are on track to deliver
production in the upper half of the
FY25 guidance range at WAIO, BMA and NSWEC, as is Samarco. FY25
production guidance at all assets remains unchanged, with the
exception of Copper SA, which has been lowered due to the impacts
from the weather-related power outage.
We maintain sector leading cost
discipline and remain on track to deliver FY25 unit cost guidance
across all assets.
|
|
Growth
|
Social value
|
|
Clear pathways for copper
growth
|
Decarbonising our assets and value
chain
|
|
In January 2025,
we completed the formation of Vicuña
Corp., a 50/50 joint venture
with Lundin Mining to develop the Filo del Sol and Josemaria copper
projects. BHP's total cash completion payment was US$2.0
bn.
In November 2024, we outlined our
attractive organic copper growth pipeline at our
Chilean copper site tour, with
low capital intensity options in both concentrator and leaching
pathways.
|
At our 2024 AGM, we received a 92%
vote in favour of our
second Climate Transition Action Plan
(CTAP). We are taking action to
decarbonise our operated assets and to support decarbonisation in
our value chain, including the opening of the Port Hedland solar
and battery project to provide renewable power to WAIO's port
facility and announcing the site
preferred for development of Australia's
largest ironmaking electric smelting furnace
(ESF) pilot plant.
|
|
Production
|
Quarter performance
|
YTD performance
|
FY25 guidance
|
|
|
Q2
FY25
|
v Q1
FY25
|
v Q2
FY24
|
HY25
|
v HY24
|
Previous
|
Current
|
|
|
Copper (kt)
|
510.7
|
7%
|
17%
|
987.0
|
10%
|
1,845 -
2,045
|
1,845 -
2,045
|
|
|
Escondida (kt)
|
339.8
|
12%
|
33%
|
644.0
|
22%
|
1,180 -
1,300
|
1,180 -
1,300
|
Unchanged
|
|
Pampa Norte
(kt)i
|
66.2
|
10%
|
11%
|
126.3
|
(9%)
|
240 -
270i
|
240 -
270i
|
Unchanged
|
|
Copper South Australia
(kt)
|
71.2
|
(3%)
|
(13%)
|
144.6
|
(6%)
|
310 -
340
|
300 -
325
|
Lowered
|
|
Antamina (kt)
|
30.5
|
(16%)
|
(22%)
|
66.8
|
(7%)
|
115 -
135
|
115 -
135
|
Unchanged
|
|
Carajás (kt)
|
3.0
|
30%
|
67%
|
5.3
|
77%
|
-
|
-
|
-
|
|
Iron ore (Mt)
|
66.2
|
2%
|
1%
|
130.9
|
1%
|
255 -
265.5
|
255 -
265.5
|
|
|
WAIO (Mt)
|
64.8
|
2%
|
0%
|
128.1
|
1%
|
250 -
260
|
250 -
260
|
Upper
half
|
|
WAIO (100% basis)
(Mt)
|
73.1
|
2%
|
1%
|
144.7
|
2%
|
282 -
294
|
282 -
294
|
Upper
half
|
|
Samarco (Mt)
|
1.5
|
14%
|
13%
|
2.8
|
9%
|
5 -
5.5
|
5 -
5.5
|
Upper
half
|
|
Steelmaking coal - BMA
(Mt)ii
|
4.4
|
(2%)
|
(23%)
|
8.9
|
(21%)
|
16.5 -
19
|
16.5 -
19
|
|
|
BMA (100% basis)
(Mt)ii
|
8.9
|
(2%)
|
(23%)
|
17.9
|
(21%)
|
33
- 38
|
33
- 38
|
Upper
half
|
|
Energy coal - NSWEC
(Mt)
|
3.7
|
1%
|
(4%)
|
7.4
|
(1%)
|
13 -
15
|
13 -
15
|
Upper
half
|
|
Nickel - Western Australia Nickel
(kt)iii
|
8.0
|
(59%)
|
(59%)
|
27.6
|
(31%)
|
-
|
-
|
-
|
|
|
|
|
|
|
|
|
|
| |
i HY24 includes 11
kt from Cerro Colorado which entered temporary care and maintenance
in December 2023. Excluding these volumes, HY25 production
decreased 1%. Production guidance for FY25 is for Spence only.
Refer to copper and
the production and sales report
for further information.
ii HY24 production includes
3.5
Mt (6.9 Mt on a 100% basis)
from the
Blackwater and Daunia
mines which were divested on 2 April 2024. Excluding
these volumes, HY25 production increased
14%.
Refer
to
steelmaking
coal and the production and sales
report for further
information.
iii
WA Nickel ramped down
and entered temporary
suspension in December 2024. Refer
to
nickel and the production and sales report
for further
information.
1
BHP |
Operational review for the half year ended 31 December
2024
Summary of disclosures
BHP expects its financial results
for the first half of FY25 (HY25) 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 18 February
2025. Accordingly, the information in the table below contains
preliminary information that is subject to update and
finalisation.
|
Description
|
HY25 impacti
(US$M)
|
Classificationii
|
|
Unit costs (at guidance
FX)
|
|
|
|
At HY25, unit costs at Escondida,
Spence and WAIO are expected to be within their respective guidance
ranges. Unit costs at Copper SA and BMA are expected to be higher
than their respective guidance ranges predominantly due to the
weather-related power outage, and the longwall move
and maintenance activity in HY25 respectively
|
-
|
Operating costs
|
|
For FY25, unit cost guidance for
all assets remains unchanged, with Copper SA now expected to be in the
upper half of its range
|
-
|
Operating costs
|
|
Average realised exchange rates for HY25 of
AUD/USD 0.66 (guidance rate AUD/USD 0.66) and
USD/CLP 947 (guidance rate USD/CLP
842)
|
-
|
|
|
Income statement
|
|
|
|
Impact of the weather-related
power outage on Copper SA
|
~150
|
↓ EBITDA
|
|
Negative EBITDA for WA
Nickel
|
~300
|
↓
EBITDA
|
|
The Group's adjusted effective tax
rate for HY25 is expected to be within the guidance range of 33 -
38%
|
-
|
Taxation
expense
|
|
Cash flow statement
|
|
|
|
Working capital
movements
|
150 -
250
|
↓
Operating cash flow
|
|
Net cash tax paid
|
3,400 -
3,500
|
↓
Operating cash flow
|
|
Dividends received from
equity-accounted investments
|
~230
|
↑
Operating cash flow
|
|
Impact of BHP Brasil's obligations
relating to the Samarco dam failure
|
637
|
↓
Investing cash flow
|
|
Final consideration from the
divestment of BMC completed in FY22
|
150
|
↑
Investing cash flow
|
|
Final consideration in relation to
the sale of a 15% interest in Western Ridge at WAIO in
FY22
|
134
|
↑
Investing cash flow
|
|
Dividends paid to non-controlling
interests
|
~1,100
|
↓
Financing cash flow
|
|
Payment of the H2 FY24
dividend
|
~3,900
|
↓
Financing cash flow
|
|
Balance sheet
|
|
|
|
The Group's net debt balance as at
31 December 2024 is expected to be between US$11.5 and US$12.5
bn.
Following the execution of the
final Samarco Settlement Agreement, the Group's balance sheet will
be impacted by the associated cash payments. See iron
ore section for further information on
Samarco.
For FY25, the Group's net debt
balance is expected to increase to around the top end of the net
debt target range of US$5 to US$15 bn following completion of the
Vicuña transaction and payment of the H2 Samarco settlement
obligations
|
-
|
Net
debt
|
|
Exceptional items
|
|
|
|
Financial impact of the Samarco
dam failure
|
Refer
footnoteiii
|
Exceptional item
|
|
Costs associated with WA Nickel
transitioning into temporary suspension
|
300 -
350
|
Exceptional item
|
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 Financial impact
is the subject of ongoing work and is not yet
inalized.
See iron ore section
for further information on Samarco
operations.
|
|
Further information
in Appendix 1
Detailed production and sales
information for all operations in Appendix 2
|
2
BHP |
Operational review for the half year ended 31 December
2024
Segment and asset performance | FY25 YTD v
FY24 YTD
Copper
|
Production
987 kt Up 10%
HY24 894 kt
FY25e 1,845 - 2,045 kt
Average realised price
US$3.99/lb Up 9%
HY24 US$3.66/lb
|
Total copper production increased
10% to 987 kt. Copper production guidance for FY25 remains
unchanged at between 1,845 and 2,045 kt.
Escondida 644 kt Up 22% (100% basis)
Escondida achieved a 10-year
production record in HY25, primarily due to higher concentrator
feed grade of 1.03% (HY24: 0.81%) and higher recoveries as mining
progressed into areas of higher-grade ore as planned. This was
partially offset by planned lower cathode production, as the
integration of the Full SaL project continued. The project remains
on track for first production later in FY25.
Production guidance for FY25
remains unchanged at between 1,180 and 1,300 kt. Concentrator feed
grade for FY25 is expected to remain above 0.90%.
Pampa Norte 126 kt Down 9%
Pampa Norte consists of Spence and
Cerro Colorado. Cerro Colorado remains in temporary care and
maintenance having contributed 11 kt in HY24.
Spence production decreased 1% in
line with lower cathode production. Concentrator feed grade was in
line with the prior period and recoveries continue to
improve.
Production guidance for FY25 for
Spence remains unchanged at between 240 and 270 kt.
Copper South Australia
145 kt Down
6%
Strong underlying performance in Q1
was followed by a two-week weather-related power outage due to a
significant storm at the beginning of Q2. The integrity of all
major infrastructure was maintained at Olympic Dam during the
outage. Ramp up after the outage was achieved safely over the
subsequent two weeks, and since then performance has been strong
with 30 kt of copper production achieved across Copper SA in
December.
Carrapateena continues to perform
well, with higher productivity from the sub-level cave enabled by
Crusher 2. Production was lower at Prominent Hill due to the
impacts of the minor pit geotechnical instability and ventilation
constraints in Q1, which was partially offset by inventory
drawdowns.
Production guidance for FY25 has
been revised down to between 300 and 325 kt as a result of the
impacts from the weather-related power outage.
Other copper
At Antamina, copper production
decreased 7% to 67 kt reflecting planned lower concentrator
throughput and a slight decline in ore grade. Zinc production was
39% lower at 42 kt, as a result of planned lower feed grades
and throughput.
For FY25, at Antamina, copper
production guidance of between 115 and 135 kt and zinc production
guidance of between 90 and 110 kt remain unchanged.
Carajás produced 5.3 kt of copper
and 4.0 troy koz of gold.
|
3
BHP |
Operational review for the half year ended 31 December
2024
Iron ore
|
Production
131 Mt Up 1%
HY24 129 Mt
FY25e 255 - 265.5 Mt
Average realised price
US$81.11/wmt Down 22%
HY24 US$103.70/wmt
|
Iron ore production increased 1%
to 131 Mt. Production guidance for FY25 remains unchanged at
between 255 and 265.5 Mt.
WAIO 128
Mt Up 1% | 145 Mt (100% basis)
Production increased as a result of
continued strong supply chain performance with record volumes
delivered from the Central Pilbara hub (South Flank and Mining Area
C) following the completion of the ramp up of South Flank in FY24
and a 9% increase in productive movement across the asset. In
addition, PDP1 which was delivered in CY24, has unlocked improved
car dumper cycle times and ship loader performance. This was
partially offset by the planned increase in tie-in activity of the
multi-year Rail Technology Program (RTP1) and wet weather in
December.
Production guidance for FY25
remains unchanged at between 250 and 260 Mt (282 and 294 Mt on
a 100% basis), with production now expected to be in the upper half
of the range.
Samarco 2.8 Mt Up 9% | 5.5 Mt (100% basis)
Production increased in line with
the resumption of latent pelletising plant capacity and restart of
the second concentrator in December, ahead of schedule. This will
increase production capacity to ~16 Mtpa of pellets (100% basis)
once fully ramped up, which is expected by early FY26. Production
guidance for FY25 remains unchanged at between 5
and 5.5 Mt, with
production now expected to be in the upper half of the
range.
On 25 October 2024,
BHP announced an agreement between the Federal Government of Brazil, the State of Minas
Gerais, the State of Espírito Santo, the public prosecutors and
public defenders (Public Authorities) and Samarco, BHP Brasil and
Vale (Agreement). The Agreement delivers a full and final
settlement of the Framework Agreement obligations, the Federal
Public Prosecution Office civil claim and other claims by the
Public Authorities relating to the dam failure[1].
The Agreement was ratified by the Supreme Court of
Brazil in Brasilia on 6
November 2024.
The Agreement creates separate
'Obligation to Pay' and 'Obligations to Perform' for BHP Brasil. As
announced on 25 October 2024, the cash impact of the Obligation to
Pay was expected to be ~R$11.0 bn in FY25, ~R$7.0 bn in FY26 and
~R$5.0 bn in FY27 (100% basis). The Obligations to Perform were
expected to be ~R$6.6 bn in FY25, ~R$14.7 bn in FY26 and ~R$3.1 bn
in FY27 (100% basis)[2]. The cash impact
of the obligations relating to the Samarco dam failure was US$637 m
in HY25[3]. The HY25 financial impacts
associated with the Agreement are the subject of ongoing work that
will not be finalised until the release of the financial results on
18 February 2025.
|
Coal
Steelmaking coal
|
Production
8.9 Mt Down 21%
HY24 11.3 Mt
FY25e 16.5 - 19 Mt
Average realised price
US$206.37/t Down 23%
HY24 US$266.43/t
|
BMA 8.9
Mt Down 21% |
17.9 Mt (100% basis)
Production increased 14% (excluding
3.5 Mt in HY24 from the now divested Blackwater and Daunia mines)
underpinned by improved strip ratios and increased prime stripping
as a result of an uplift in truck productivity. This was partially
offset by slower production rates at Broadmeadow following the
longwall move due to geotechnical characteristics as well as the
planned increase in raw coal inventory to improve the stability of
the value chain.
Production guidance for FY25
remains unchanged at between 16.5 and 19 Mt (33 and 38 Mt on a 100%
basis), with production now expected to be
in the upper half of the range. We remain
focused on restoring value chain stability, in particular building
raw coal inventory, which will continue into CY26.
|
BHP |
Operational review for the half year ended 31 December
2024
Energy coal
|
Production
7.4 Mt Down 1%
HY24 7.5 Mt
FY25e 13 - 15 Mt
Average realised price
US$124.42/t Up 1%
HY24 US$123.29/t
|
NSWEC 7.4 Mt Down 1%
Production was broadly in line
despite a higher proportion of washed coal. Inventory was drawn down to
offset the impacts of reduced truck availability and unfavourable
weather conditions.
Production guidance for FY25
remains unchanged at between 13 and 15 Mt, with production now
expected to be in the upper half of the range.
We still expect an outcome from the
NSW Government in Q3 FY25 regarding the modification to extend the
mining consent to 30 June 2030.
|
Group &
Unallocated
Nickel
|
Production
28 kt Down 31%
HY24 40 kt
Average realised price
US$16,386/t Down 12%
HY24 US$18,602/t
|
Western Australia Nickel
28 kt Down
31%
Production decreased significantly
as expected, as we successfully transitioned the Nickel West supply
chain (and West Musgrave project) into temporary suspension in line
with schedule. Production outcomes benefited from the drawdown of
inventory to realise additional value.
We expect costs to be elevated in
HY25, as a result of operational and ramp down activities combined
with the drawdown of inventory as the operations
transitioned to temporary
suspension.
We have redeployed over 800
employees, with the majority moving to roles across the Australian
operations. BHP intends to review the decision to temporarily
suspend Western Australia Nickel by February 2027.
No production guidance has been
provided for FY25.
|
Quarterly performance | Q2 FY25 v Q1
FY25
|
Copper
|
Iron ore
|
|
511 kt Up 7%
Q1 FY25 476 kt
|
Higher production at Escondida and
Spence due to higher grades and mine sequencing, partially offset
by lower volumes at Copper SA due to a weather-related power outage
impacting Olympic Dam.
|
66 Mt Up 2%
Q1 FY25 65 Mt
|
Higher production at WAIO as a
result of strong supply chain performance, partially offset by
significant wet weather.
|
|
Steelmaking coal
|
Energy coal
|
|
4.4 Mt Down 2%
Q1 FY25 4.5 Mt
|
Lower production due to
significant wet weather and the longwall move at
Broadmeadow, partially
offset by inventory drawdown.
|
3.7 Mt Up 1%
Q1 FY25 3.7 Mt
|
Higher production due to higher
wash plant feed, partially offset by lower yield.
|
|
Nickel
|
|
|
8.0 kt Down 59%
Q1 FY25 19.6 kt
|
Inventory was drawn down as
operations transitioned into temporary suspension as
planned.
|
|
|
5
BHP |
Operational review for the half year ended 31 December
2024
Appendix 1
Average realised
pricesi
|
|
Quarter
performance
|
YTD
performance
|
|
|
Q2
FY25
|
v Q1
FY25
|
v Q2
FY24
|
HY25
|
v
HY24
|
|
Copper
(US$/lb)ii, iii,
iv
|
3.73
|
(12%)
|
1%
|
3.99
|
9%
|
|
Iron ore (US$/wmt,
FOB)v
|
82.11
|
3%
|
(25%)
|
81.11
|
(22%)
|
|
Steelmaking coal (US$/t)vi,
vii
|
198.65
|
(8%)
|
(32%)
|
206.37
|
(23%)
|
|
Thermal coal
(US$/t)viii
|
124.52
|
0%
|
3%
|
124.42
|
1%
|
|
Nickel metal
(US$/t)ix
|
16,842
|
3%
|
0%
|
16,386
|
(12%)
|
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 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.
iii At 31 December 2024, the Group had 427 kt
of outstanding copper sales that were revalued at a weighted
average price of US$3.95/lb. The final price of these sales will be
determined over the remainder of FY25. In addition, 430 kt of
copper sales from FY24 were subject to a finalisation adjustment in
the current period. The displayed prices include the impact of
these provisional pricing and finalisation adjustments.
iv Sales from Carrapateena and Prominent Hill acquired through
the purchase of OZL are included since Q4 FY24 period.
v The large majority of
iron ore shipments were linked to index pricing for the month of
shipment, with price differentials predominantly a reflection of
market fundamentals and product quality. Iron ore sales for HY25
were based on an average moisture rate of 7.0% (HY24:
6.7%).
vi
The large majority of steelmaking coal and energy coal exports were
linked to index pricing for the month of scheduled shipment or
priced on the spot market at fixed or index-linked prices, with
price differentials reflecting product quality.
vii From FY25,
steelmaking coal refers to hard coking coal which is generally
those steelmaking coals with a Coke Strength after Reaction (CSR)
of 35 and above. Comparative periods include impacts from weak
coking coal, which refers generally to those steelmaking coals with
a CSR below 35, which were sold by Blackwater and Daunia mines,
divested on 2 April 2024.
viii Export sales only.
Includes thermal coal sales from steelmaking coal mines.
ix
Relates to refined nickel metal only, excludes intermediate
products and nickel sulphate.
Current year unit cost
guidance
|
|
FY25
guidancei
|
|
Unit cost
|
Current
|
|
|
Escondida (US$/lb)
|
1.30 - 1.60
|
Unchanged
|
|
Spence (US$/lb)
|
2.00 -
2.30
|
Unchanged
|
|
Copper SA
(US$/lb)ii
|
1.30 -
1.80
|
Upper
half
|
|
WAIO (US$/t)
|
18.00 -
19.50
|
Unchanged
|
|
BMA (US$/t)
|
112 -
124
|
Unchanged
|
i FY25
unit cost guidance is based on exchange rates of
AUD/USD 0.66 and USD/CLP 842.
ii Calculated using the
following assumptions for by-products: gold US$2,000/oz, and
uranium US$80/lb.
Medium term
guidancei
|
|
Production
|
Unit
cost
|
|
|
guidance
|
guidanceii
|
|
Escondidaiii
|
900 -
1,000 ktpa
|
US$1.50
- 1.80/lb
|
|
Spence
|
~250
ktpa
|
US$2.05
- 2.35/lb
|
|
WAIO (100% basis)
|
>305
Mtpa
|
<US$17.50/t
|
|
BMA (100% basis)
|
43 - 45
Mtpa
|
<US$110/t
|
i Medium term
refers to a five-year time horizon unless otherwise
noted.
ii Unit cost guidance is based on exchange rates of AUD/USD 0.66
and USD/CLP 842.
iii Medium
term refers to FY27 onwards. Production for FY25 and FY26 is
expected to average between 1,200 and 1,300 ktpa.
Major projects
|
Commodity
|
Project
and ownership
|
Project
scope / capacity
|
Capital
expenditure
US$M
|
First
production
target date
|
Progress
|
|
Potash
|
Jansen Stage 1
(Canada)
100%
|
Design, engineering and
construction of an underground potash mine and surface
infrastructure, with capacity to produce 4.15 Mtpa.
|
5,723
|
End-CY26
|
Project
is 63% complete
|
|
Potash
|
Jansen Stage 2
(Canada)
100%
|
Development of additional mining
districts, completion of the second shaft hoist infrastructure,
expansion of processing facilities and addition of rail cars to
facilitate production of an incremental 4.36 Mtpa.
|
4,859
|
FY29
|
Project
is 6% complete
|
The operating expenditure related to
Potash for HY25 is expected to be ~US$130 m.
Exploration
Minerals exploration and evaluation
expenditure was US$199 m for HY25 (HY24: US$199 m), of which US$174
m was expensed (HY24: US$170 m).
6
BHP |
Operational review for the half year ended 31 December
2024
Variance analysis relates to the
relative performance of BHP and/or its operations during the six
months ended December 2024 compared with the six months
ended December 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 2024 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, Samarco and
Vicuña. 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
Authorised for lodgement
by:
Stefanie Wilkinson
Group Company Secretary
|
Media Relations
Email: media.relations@bhp.com
|
|
Investor Relations
Email: investor.relations@bhp.com
|
|
|
|
|
|
Australia and Asia
Josie Brophy
Mobile: +61 417 622 839
Europe, Middle East and
Africa
Gabrielle Notley
Mobile: +61
411 071 715
North America
Megan Hjulfors
Mobile: +1 403 605 2314
Latin America
Renata Fernandez
Mobile: +56 9 8229 5357
|
|
Australia and Asia
John-Paul Santamaria
Mobile: +61 499 006 018
Europe, Middle East and
Africa
James Bell
Mobile: +44 7961 636 432
Americas
Monica Nettleton
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
Melbourne Victoria 3000
Australia
Tel +61 1300 55 4757 Fax +61 3 9609
3015
|
|
|
|
|
|
|
|
BHP Group is headquartered in
Australia
Follow us on social
media
|
13
