6-K
BHP Group Ltd (BHP)
6-K
2025-04-17
For: 2025-04-17
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April 09, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
17 April 2025
BHP GROUP LIMITED
(ABN49 004 028 077)
(Exact name of Registrant as specified in its charter)
VICTORIA, AUSTRALIA
(Jurisdiction of incorporation or organisation)
171 COLLINS STREET, MELBOURNE,
VICTORIA 3000 AUSTRALIA
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: ☒ Form 20-F ☐ Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: ☐ Yes ☒ No
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a
| 17 April 2025 |
|---|
Operational review for the nine months ended 31 March 2025
Record iron ore and copper production demonstrating resilience of business
“BHP’s performance in FY25 to date demonstrates the resilience of our business, with our copper and iron ore operations achieving record nine-month production amid challenging operating and market conditions. Group copper production rose 10%, underpinned by a 20% increase in output at Escondida and strong performances at Spence and Copper SA. In our WA iron ore operations, we continue to demonstrate supply chain excellence from pit to port, and delivered record tonnes from the Central Pilbara hub. At BMA in Queensland, in the highest rainfall wet season in more than a decade, steelmaking coal volumes rose by 5% following a strong performance across the open cut mines.
BHP recently achieved 40% female representation across our global employee base, a 23% point increase since 2016. The efforts that have underpinned this have made BHP a safer, more productive, and better performing business. We have a distinctive competitive advantage in responding to labour and skills shortages across our sector.
Despite the limited direct impact of tariffs on BHP, the implication of slower economic growth and a fragmented trading environment could be more significant. China’s ability to shift toward a consumption-led economy and for trade flows to adapt to the new environment will be key to sustaining the global outlook.
In the face of global volatility and policy uncertainty, BHP is poised to benefit from a flight to quality with tier one assets, industry-leading margins and high-return organic growth opportunities that will underpin value and returns through the cycle.”
| Mike Henry<br> <br>BHPChief Executive Officer | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Summary | |||||||||||||||||||
| Operational excellence | Guidance | ||||||||||||||||||
| Record iron ore and copper production | Production on track; Escondida MT updated | ||||||||||||||||||
| BHP delivered record nine-month group copper production of 1.5 million tonnes, driven by a 20% increase at Escondida and strong underlying<br>performances across all other operated copper assets.<br> <br><br> <br>We also delivered record nine-month iron<br>ore production, with WAIO demonstrating its resilience to offset the impact of Tropical Cyclone Zelia and Tropical Storm Sean, and as Samarco continues to ramp up. | We are on track to deliver production in the upper half of the FY25 guidance ranges at Escondida, Pampa Norte and NSWEC, with Samarco expected at the<br>upper end. FY25 production guidance ranges at all assets remain unchanged, with BMA now no longer guided to the upper half due to wet weather. We also remain on track to deliver FY25 unit cost guidance across all assets, except BMA where we expect<br>unit costs to be higher due to weather and geotechnical challenges at Broadmeadow.<br> <br><br> <br>We have<br>optimised the growth program schedule at Escondida, including extending the expected life of the Los Colorados concentrator beyond FY29. This and other operational measures add ~400 kt of incremental production and extend medium term guidance of 900<br>– 1,000 ktpa to FY31. | ||||||||||||||||||
| Growth | Social value | ||||||||||||||||||
| Growing in copper and potash | Progress on decarbonisation | ||||||||||||||||||
| We are executing on our growth program with Jansen Stages 1 and 2 now 66% and 8% complete (respectively), the formation of the Vicuña joint venture, and the submission of the DIA permit relating to the Laguna Seca<br>concentrator expansion at Escondida. | We are on track to achieve our target of reducing operational greenhouse gas emissions by at least 30% by FY30^i^. The pace of development of some decarbonisation technology has<br>slowed, particularly relating to the displacement of diesel used for materials movement. We continue to work with our Original Equipment Manufacturer partners to advance zero emission technology and we are progressing certain site trials. | ||||||||||||||||||
| Production | Quarter performance | YTD performance | FY25 production guidance | ||||||||||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Q3 FY25 | v Q2 FY25 | v Q3 FY24 | YTD Mar FY25 | v YTD MarFY24 | Previous | Current | |||||||||||||
| Copper (kt) | **** | 513.2 | **** | 0 | % | **** | 10 | % | **** | 1,500.2 | **** | 10 | % | **** | 1,845 – 2,045 | **** | **** | 1,845 – 2,045 | |
| Escondida (kt) | 333.6 | (2 | %) | 16 | % | 977.6 | 20 | % | 1,180 – 1,300 | 1,180 – 1,300 | Upper half | ||||||||
| Pampa Norte (kt)^ii^ | 67.9 | 3 | % | 10 | % | 194.2 | (3 | %) | 240 – 270 | ^ii^ | 240 – 270^ii^ | Upper half | |||||||
| Copper South Australia (kt) | 78.9 | 11 | % | (0 | %) | 223.5 | (4 | %) | 300 – 325 | 300 – 325 | Unchanged | ||||||||
| Antamina (kt) | 30.9 | 1 | % | (9 | %) | 97.7 | (7 | %) | 115 – 135 | 115 – 135 | Unchanged | ||||||||
| Carajás (kt) | 1.9 | (37 | %) | (39 | %) | 7.2 | 17 | % | - | - | - | ||||||||
| Iron ore (Mt) | **** | 61.8 | **** | (7 | %) | **** | 0 | % | **** | 192.6 | **** | 1 | % | **** | 255 – 265.5 | **** | **** | 255 – 265.5 | |
| WAIO (Mt) | 60.1 | (7 | %) | (0 | %) | 188.3 | 1 | % | 250 – 260 | 250 – 260 | Unchanged | ||||||||
| WAIO (100% basis) (Mt) | 67.8 | (7 | %) | (0 | %) | 212.5 | 1 | % | 282 – 294 | 282 – 294 | Unchanged | ||||||||
| Samarco (Mt) | 1.6 | 11 | % | 39 | % | 4.4 | 18 | % | 5 – 5.5 | 5 – 5.5 | Upper end | ||||||||
| Steelmaking coal – BMA (Mt)^iii^ | **** | 3.9 | **** | (12 | %) | **** | (35 | %) | **** | 12.9 | **** | (26 | %) | **** | 16.5 – 19 | **** | **** | 16.5 – 19 | Original |
| BMA (100% basis) (Mt)^iii^ | 7.8 | (12 | %) | (35 | %) | 25.7 | (26 | %) | 33 – 38 | 33 – 38 | Original | ||||||||
| Energy coal – NSWEC (Mt) | **** | 3.6 | **** | (3 | %) | **** | (13 | %) | **** | 11.0 | **** | (6 | %) | **** | 13 – 15 | **** | **** | 13 – 15 | Upper half |
| Nickel – Western Australia Nickel (kt)^iv^ | **** | 2.3 | **** | (71 | %) | **** | (88 | %) | **** | 29.9 | **** | (49 | %) | **** | - | **** | **** | - | - |
Note: Updates with respect to FY25 production guidance since the HY25 Results Announcement are shown in italics. Refer page 5 for footnotes.
BHP | Operational review for the nine months ended 31 March 2025
Segment and asset performance | FY25 YTD v FY24 YTD
| Further information in Appendix 1<br> <br><br><br><br>Detailed production and sales information for all operations in Appendix<br>2 | |
|---|---|
| Copper | |
| --- | --- |
Production<br> <br><br><br><br>1,500 kt  10%<br> <br><br> <br>YTD Mar FY24 1,360 kt<br><br><br><br> <br>FY25e 1,845 – 2,045 kt<br><br><br><br> <br>Average realised price<br><br><br><br> <br>US$4.19/lb 13%<br> <br><br> <br>YTD Mar FY24 US$3.72/lb |
Total copper production increased 10% to a record 1,500 kt. Copper production guidance for FY25 remains unchanged at between 1,845 and 2,045 kt.<br><br><br><br> <br>Escondida 978 kt 20% (100% basis)<br> <br><br> <br>Production increased primarily<br>due to strong material mined, higher concentrator feed grade of 1.05%, increasing from 0.85%, and higher concentrator throughput. This was partially offset by planned lower cathode production, as the integration of the Full SaL leaching project<br>continued. The project remains on track for first production later in FY25.<br> <br><br> <br>Production guidance<br>for FY25 remains unchanged at between 1,180 and 1,300 kt and is now expected to be in the upper half of this range, as strong operational performance across the year offset the challenges of Union N°1 strike action, sea swells at Puerto Coloso<br>and the national Chilean power outage in February. Concentrator feed grade is now expected to be above 0.95% (previously above 0.90%) for FY25.<br> <br><br><br><br>Following the site visit in November 2024, we have continued to optimise our growth program schedule to reduce production impacts. It is expected the operation of the Los<br>Colorados concentrator will be extended beyond FY29, without any impact to the remainder of the growth program. We anticipate this extension and other operational measures will increase production across the period from 2027 to 2031, to between 900<br>– 1,000 ktpa, extending current medium term guidance. The actions have the potential to add an incremental ~400 kt of production across the period.<br> <br><br><br><br>Pampa Norte 194 kt 3% |
| Pampa Norte consists of Spence and Cerro Colorado. Spence production increased 3% due to improved stacked material and grades, notwithstanding the impact of the national Chilean power outage in February. Concentrator feed grade<br>was broadly in line with the prior period. | |
| Production guidance for FY25 for Spence remains unchanged at between 240 and 270 kt, with production now expected to be in the upper half of the range. | |
| Cerro Colorado remains in temporary care and maintenance having contributed 11 kt of copper production in HY24. | |
| Copper South Australia 224kt 4% |
|
| Strong underlying performance following the weather-related power outage in Q2. The Olympic Dam smelter and refinery demonstrated operating stability, delivering strong copper cathode production and record refined gold and silver<br>production in the quarter. | |
| Carrapateena is achieving higher productivity from the sub-level cave enabled by Crusher 2, delivering record mine and concentrator performance. Production was lower at Prominent Hill<br>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 remains unchanged at between 300 and 325 kt. | |
| Other copper | |
| At Antamina, copper production decreased 7% to 98 kt reflecting planned lower concentrator throughput and a slight decline in feed grade. Zinc production was 22% lower at 68 kt, as a result of planned lower feed grade and<br>lower 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 7.2 kt of copper and 5.5 troy koz of gold. |
2
BHP | Operational review for the nine months ended 31 March 2025
Iron ore
| Production<br> <br><br><br><br>193 Mt <br><br><br><br> 1%<br> <br><br><br><br>YTD Mar FY24 190 Mt<br> <br><br><br><br>FY25e 255 – 265.5 Mt<br> <br><br><br><br>Average realised price<br> <br><br><br><br>US$82.93/wmt 21%<br> <br><br> <br>YTD Mar FY24 US$104.53/wmt |
Iron ore production increased 1% to a record 193 Mt. Production guidance for FY25 remains unchanged at<br>between 255 and 265.5 Mt.<br> <br><br> <br>WAIO 188 Mt 1% |
213 Mt (100% basis)<br> <br><br> <br>Production increased<br>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 13% increase in productive<br>movement.<br> <br><br> <br>The Port Debottlenecking Project 1 (PDP1), which was delivered in CY24, has continued<br>to unlock improved car dumper and ship loader performance with record nine-month shipments of iron ore.<br> <br><br><br><br>This strong performance was partially offset by the impact of Tropical Cyclone Zelia and Tropical Storm Sean, and the planned increase in<br>tie-in activity of the multi-year Rail Technology Programme (RTP1).<br> <br><br><br><br>Production guidance for FY25 remains unchanged at between 250 and 260 Mt (282 and 294 Mt on a 100% basis).<br><br><br><br> <br>Samarco 4.4 Mt 18% |
8.8 Mt (100% basis)<br> <br><br> <br>Production continues<br>to increase following the restart of the second concentrator in December. Ramp up is progressing well and production capacity is expected to increase to ~16 Mtpa of pellets (100% basis) once fully ramped up by the end of FY25 (ahead of<br>schedule).<br> <br><br> <br>Production guidance for FY25 remains unchanged at between 5 and 5.5 Mt, with<br>production expected to be at the upper end of the range. |
|---|---|---|---|
| Coal<br> <br><br><br><br>Steelmaking coal | |||
| Production<br> <br><br><br><br>12.9 Mt 26%<br> <br><br> <br>YTD Mar FY24 17.4 Mt<br><br><br><br> <br>FY25e 16.5 – 19 Mt<br><br><br><br> <br>Average realised price<br><br><br><br> <br>US$200.12/t 26%<br> <br><br> <br>YTD Mar FY24 US$272.09/t |
BMA 12.9 Mt 26% |
25.7 Mt (100% basis)<br> <br><br> <br>Production increased<br>5% (excluding the contribution of Blackwater and Daunia in FY24). Strong performance across the open cut mines, underpinned by improved truck productivity and a draw down of inventory, helped mitigate the impact of significant wet weather^v^ in the December and March quarters.<br> <br><br> <br>At<br>Broadmeadow, we are operating at slower mining rates to safely manage the geotechnical characteristics of the current longwall panel. We expect this will continue into Q1 FY26.<br><br><br><br> <br>Production guidance for FY25 remains unchanged at between 16.5 and 19 Mt (33 and 38 Mt on a 100%<br>basis). Following the impact of significant wet weather and geotechnical challenges at Broadmeadow, production is now no longer guided to the upper half of the range and unit costs for FY25 are now expected to be between US$128/t and US$133/t^vi^.<br> <br><br> <br>Our work to improve raw coal inventory<br>levels in prior periods has assisted in stabilising operating performance across the asset, as we have drawn down on inventory this quarter to help mitigate the impact of wet weather and geotechnical challenges. This will extend the inventory<br>rebuild into CY27. |
3
BHP | Operational review for the nine months ended 31 March 2025
| Energy coal | |
|---|---|
| Production<br> <br><br><br><br>11.0 Mt <br><br><br><br> 6%<br> <br><br><br><br>YTD Mar FY24 11.6 Mt<br> <br><br><br><br>FY25e 13 – 15 Mt<br> <br><br><br><br>Average realised price<br> <br><br><br><br>US$115.99/t <br><br><br><br> 4%<br> <br><br><br><br>YTD Mar FY24 US$120.97/t |
NSWEC 11.0 Mt 6%<br> <br><br> <br>Production decreased as a result of reduced<br>truck availability, increased wet weather and a higher proportion of washed coal, partially offset by a draw down of inventory.<br> <br><br><br><br>Production guidance for FY25 remains unchanged at between 13 and 15 Mt, with production expected to be in the upper half of the range.<br><br><br><br> <br>On 16 April 2025, we received approval from the NSW Government to extend mining to<br>30 June 2030. |
Group & Unallocated
| Nickel | |
|---|---|
| Production | Western Australia Nickel 30 kt 49% |
| 30 kt 49%<br> <br><br><br><br>YTD Mar FY24 59 kt |
Western Australia Nickel (WAN) transitioned into temporary suspension in HY25. No production guidance has been provided for FY25.<br><br><br><br> <br>BHP intends to review the decision to temporarily suspend WAN by February 2027. |
Quarterly performance | Q3 FY25 v Q2 FY25
| Copper | Iron ore | ||
|---|---|---|---|
| 513 kt -%<br><br><br><br> <br>Q2 FY25 511 kt | Higher production at Copper SA with strong performance following the weather-related power outage in Q2 was offset by lower production at Escondida due to a national Chilean power outage and high sea swells which prevented<br>concentrate loading onto vessels resulting in a temporary suspension to upstream concentrator operations. | 62 Mt 7%<br> <br><br><br><br>Q2 FY25 66 Mt |
Lower production at WAIO as a result of the impact of Tropical Cyclone Zelia and Tropical Storm Sean. |
| Steelmaking coal | Energy coal | ||
| 3.9 Mt 12%<br> <br><br><br><br>Q2 FY25 4.4 Mt |
Lower production due to significant wet weather, partially offset by inventory draw down. | 3.6 Mt 3%<br> <br><br><br><br>Q2 FY25 3.7 Mt |
Lower production due to reduced wash plant availability and the impact of wet weather. |
| Nickel | |||
| 2.3 kt 71%<br> <br><br><br><br>Q2 FY25 8.0 kt |
Inventory was drawn down as operations transitioned into temporary suspension in HY25. |
4
BHP | Operational review for the nine months ended 31 March 2025
Footnotes
| i | Our operational GHG emissions are the Scopes 1 and 2 emissions from our operated assets. Our FY30 reduction target is from<br>our FY20 baseline, adjusted for acquisitions, divestments and greenhouse gas emission calculation methodology changes. The latest BHP GHG Emissions Calculation Methodology is available at bhp.com/climate. |
|---|---|
| ii | YTD March FY24 includes 11 kt from Cerro Colorado, which entered temporary care and maintenance in December 2023.<br>Excluding these volumes, YTD March FY25 production increased 3%. Production guidance for FY25 is for Spence only. Refer to copper and the production and sales<br>report for further information. |
| --- | --- |
| iii | YTD March FY24 production includes 5 Mt (10 Mt on a 100% basis) from the Blackwater and Daunia mines, which were divested<br>on 2 April 2024. Excluding these volumes, YTD March FY25 production increased 5%. Following the impact of significant wet weather and geotechnical challenges, production is now no longer guided to the upper half of the guidance range. Refer to steelmaking coal and the production and sales report for further information. |
| --- | --- |
| iv | Western Australia Nickel ramped down and entered temporary suspension in December 2024. Refer to nickel and the production and sales report for further information. |
| --- | --- |
| v | 649mm of rainfall recorded at Moranbah in the nine months ended 31 March 2025, 32% higher than the nine months ended<br>31 March 2024 (493mm). |
| --- | --- |
| vi | FY25 unit cost guidance is based on an exchange rate of AUD/USD 0.66. |
| --- | --- |
5
BHP | Operational review for the nine months ended 31 March 2025
Appendix 1
Average realised prices^i^
| YTD performance | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| v Q2 FY25 | v Q3 FY24 | YTD Mar FY25 | v YTD Mar FY24 | |||||||||
| Copper (US/lb)ii | 4.56 | 22 | % | 18 | % | 4.19 | 13 | % | ||||
| Iron ore (US/wmt, FOB) | 86.85 | 6 | % | (18 | %) | 82.93 | (21 | %) | ||||
| Steelmaking coal (US/t) iii | 184.98 | (7 | %) | (34 | %) | 200.12 | (26 | %) | ||||
| Energy coal (US/t)iv | 97.81 | (21 | %) | (16 | %) | 115.99 | (4 | %) |
All values are in US Dollars.
| i | Based on provisional, unaudited estimates. Prices exclude sales from equity accounted investments, third party product and<br>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 | Sales from Carrapateena and Prominent Hill acquired through the purchase of OZL are included since Q4 FY24 period.<br> |
| --- | --- |
| iii | From FY25, steelmaking coal refers to hard coking coal which is generally those steelmaking coals with a Coke Strength<br>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.<br> |
| --- | --- |
| iv | Export sales only. Includes thermal coal sales from steelmaking coal mines. |
| --- | --- |
Current year unit cost guidance
| Unit cost | ||
| 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) | 128 – 133 | Increased |
All values are in US Dollars.
| 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<br>uranium US$80/lb. |
| --- | --- |
Medium term guidance^i^
| Productionguidance | Unit costguidance^ii^ | |||
|---|---|---|---|---|
| Escondida^iii^ | 900 – 1,000 ktpa | US$ | 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 to FY31. Production for FY25 and FY26 is expected to average between 1,200 and 1,300 ktpa.<br> | |||
| --- | --- |
Major projects
| Commodity | Project and ownership | Project scope / capacity | CapitalexpenditureUSM | Firstproductiontarget date | Progress | |
|---|---|---|---|---|---|---|
| Potash | Jansen Stage 1 <br>(Canada) <br>100% | Design, engineering and construction of an underground potash mine and surface infrastructure, with capacity to produce 4.15 Mtpa. | End-CY26 | Project is 66%<br><br><br>complete | ||
| Potash | Jansen Stage 2 <br>(Canada) <br>100% | Development of additional mining districts, completion of the second shaft hoist infrastructure, expansion of processing facilities and addition of rail cars to<br>facilitate production of an incremental 4.36 Mtpa. | FY29 | Project is 8%<br><br><br>complete |
All values are in US Dollars.
The operating expenditure related to Potash for FY25 is expected to be ~US$300 m.
Exploration
Minerals exploration and evaluation expenditure was US$279 m for YTD March FY25 (YTD March FY24: US$311 m) of which US$241 was expensed (YTD March FY24: US$267 m).
6
BHP | Operational Review for the nine months ended 31 March 2025
Appendix 2
| Production | Sales | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Quarter ended | Year to date | Quarter ended | Year to date | |||||||||||||||||||||||||||||||||
| Mar | Jun | Sep | Dec | Mar | Mar | Mar | Var | Mar | Jun | Sep | Dec | Mar | Mar | Mar | Var | |||||||||||||||||||||
| 2024 | 2024 | 2024 | 2024 | 2025 | 2025 | 2024 | % | 2024 | 2024 | 2024 | 2024 | 2025 | 2025 | 2024 | % | |||||||||||||||||||||
| Group production and salessummary | **** | |||||||||||||||||||||||||||||||||||
| By commodity | **** | |||||||||||||||||||||||||||||||||||
| Metals production is payable metal unless otherwise noted. | ||||||||||||||||||||||||||||||||||||
| Throughout this report figures in italics indicate<br>that this figure has been adjusted since it was previously reported. | ||||||||||||||||||||||||||||||||||||
| Copper | Payable metal in concentrate | kt | **** | 339.0 | **** | 370.4 | **** | 360.9 | **** | 391.4 | **** | 379.6 | **** | 1,131.9 | **** | 965.1 | **** | 17 | % | **** | 281.5 | **** | 378.7 | **** | 391.5 | **** | 372.8 | **** | 399.0 | **** | 1,163.3 | **** | 896.0 | **** | 30 | % |
| Escondida | kt | 239.2 | 258.5 | 264.8 | 295.4 | 288.4 | 848.6 | 668.2 | 27 | % | 204.0 | 261.3 | 273.2 | 275.0 | 309.2 | 857.4 | 625.2 | 37 | % | |||||||||||||||||
| Pampa Norte | kt | 39.5 | 39.4 | 35.7 | 36.6 | 36.1 | 108.4 | 110.9 | (2 | )% | 26.9 | 49.3 | 44.0 | 36.5 | 36.5 | 117.0 | 93.1 | 26 | % | |||||||||||||||||
| Copper South Australia | kt | 23.3 | 32.1 | 21.8 | 25.9 | 22.3 | 70.0 | 74.2 | (6 | )% | 17.1 | 28.0 | 30.4 | 25.9 | 23.8 | 80.1 | 70.9 | 13 | % | |||||||||||||||||
| Antamina | kt | 33.9 | 38.3 | 36.3 | 30.5 | 30.9 | 97.7 | 105.6 | (7 | )% | 31.3 | 37.4 | 39.6 | 33.3 | 27.4 | 100.3 | 102.4 | (2 | )% | |||||||||||||||||
| Carajás | kt | 3.1 | 2.1 | 2.3 | 3.0 | 1.9 | 7.2 | 6.2 | 17 | % | 2.2 | 2.7 | 4.3 | 2.1 | 2.1 | 8.5 | 4.4 | 93 | % | |||||||||||||||||
| Cathode | kt | **** | 126.8 | **** | 134.4 | **** | 115.4 | **** | 119.3 | **** | 133.6 | **** | 368.3 | **** | 395.2 | **** | (7 | )% | **** | 120.1 | **** | 142.3 | **** | 110.7 | **** | 120.0 | **** | 133.3 | **** | 364.0 | **** | 389.6 | **** | (7 | )% | |
| Escondida | kt | 49.0 | 50.7 | 39.4 | 44.4 | 45.2 | 129.0 | 147.9 | (13 | )% | 44.3 | 54.6 | 37.6 | 43.2 | 47.4 | 128.2 | 145.7 | (12 | )% | |||||||||||||||||
| Pampa Norte | kt | 22.1 | 26.5 | 24.4 | 29.6 | 31.8 | 85.8 | 88.8 | (3 | )% | 22.1 | 26.5 | 24.1 | 30.0 | 30.7 | 84.8 | 89.8 | (6 | )% | |||||||||||||||||
| Copper South Australia | kt | 55.7 | 57.2 | 51.6 | 45.3 | 56.6 | 153.5 | 158.5 | (3 | )% | 53.7 | 61.2 | 49.0 | 46.8 | 55.2 | 151.0 | 154.1 | (2 | )% | |||||||||||||||||
| Total | kt | **** | 465.8 | **** | 504.8 | **** | 476.3 | **** | 510.7 | **** | 513.2 | **** | 1,500.2 | **** | 1,360.3 | **** | 10 | % | **** | 401.6 | **** | 521.0 | **** | 502.2 | **** | 492.8 | **** | 532.3 | **** | 1,527.3 | **** | 1,285.6 | **** | 19 | % | |
| Lead | Payable metal in concentrate | t | **** | - | **** | 131 | **** | 21 | **** | 148 | **** | 234 | **** | 403 | **** | 201 | **** | 100 | % | **** | 108 | **** | 9 | **** | 125 | **** | 35 | **** | 181 | **** | 341 | **** | 353 | **** | (3 | )% |
| Antamina | t | - | 131 | 21 | 148 | 234 | 403 | 201 | 100 | % | 108 | 9 | 125 | 35 | 181 | 341 | 353 | (3 | )% | |||||||||||||||||
| Zinc | Payable metal in concentrate | t | **** | 18,409 | **** | 15,839 | **** | 19,374 | **** | 22,792 | **** | 26,026 | **** | 68,192 | **** | 87,553 | **** | (22 | )% | **** | 17,559 | **** | 14,118 | **** | 19,609 | **** | 25,328 | **** | 22,249 | **** | 67,186 | **** | 88,563 | **** | (24 | )% |
| Antamina | t | 18,409 | 15,839 | 19,374 | 22,792 | 26,026 | 68,192 | 87,553 | (22 | )% | 17,559 | 14,118 | 19,609 | 25,328 | 22,249 | 67,186 | 88,563 | (24 | )% | |||||||||||||||||
| Gold | Payable metal in concentrate | troy oz | **** | 79,159 | **** | 100,013 | **** | 85,668 | **** | 90,468 | **** | 89,841 | **** | 265,977 | **** | 262,947 | **** | 1 | % | **** | 70,398 | **** | 92,323 | **** | 98,936 | **** | 89,174 | **** | 92,357 | **** | 280,467 | **** | 257,054 | **** | 9 | % |
| Escondida | troy oz | 38,955 | 45,410 | 46,963 | 37,293 | 44,527 | 128,783 | 135,651 | (5 | )% | 38,955 | 45,410 | 46,963 | 37,293 | 44,527 | 128,783 | 135,651 | (5 | )% | |||||||||||||||||
| Pampa Norte | troy oz | 1,819 | 4,676 | 4,043 | 2,635 | 3,341 | 10,019 | 8,604 | 16 | % | 1,819 | 4,676 | 4,043 | 2,635 | 3,341 | 10,019 | 8,604 | 16 | % | |||||||||||||||||
| Copper South Australia | troy oz | 36,427 | 48,355 | 32,928 | 48,309 | 40,457 | 121,694 | 114,706 | 6 | % | 28,136 | 40,507 | 44,761 | 47,719 | 42,825 | 135,305 | 109,794 | 23 | % | |||||||||||||||||
| Carajás | troy oz | 1,958 | 1,572 | 1,734 | 2,231 | 1,516 | 5,481 | 3,986 | 38 | % | 1,488 | 1,730 | 3,169 | 1,527 | 1,664 | 6,360 | 3,005 | 112 | % | |||||||||||||||||
| Refined gold | troy oz | **** | 49,128 | **** | 49,139 | **** | 37,385 | **** | 47,478 | **** | 57,006 | **** | 141,869 | **** | 157,984 | **** | (10 | )% | **** | 41,710 | **** | 52,687 | **** | 40,326 | **** | 43,479 | **** | 57,982 | **** | 141,787 | **** | 151,095 | **** | (6 | )% | |
| Copper South Australia | troy oz | 49,128 | 49,139 | 37,385 | 47,478 | 57,006 | 141,869 | 157,984 | (10 | )% | 41,710 | 52,687 | 40,326 | 43,479 | 57,982 | 141,787 | 151,095 | (6 | )% | |||||||||||||||||
| Total | troy oz | **** | 128,287 | **** | 149,152 | **** | 123,053 | **** | 137,946 | **** | 146,847 | **** | 407,846 | **** | 420,931 | **** | (3 | )% | **** | 112,108 | **** | 145,010 | **** | 139,262 | **** | 132,653 | **** | 150,339 | **** | 422,254 | **** | 408,149 | **** | 3 | % | |
| Silver | Payable metal in concentrate | troy koz | **** | 2,620 | **** | 3,317 | **** | 3,150 | **** | 3,277 | **** | 3,418 | **** | 9,845 | **** | 8,276 | **** | 19 | % | **** | 2,431 | **** | 3,137 | **** | 3,126 | **** | 3,084 | **** | 3,198 | **** | 9,408 | **** | 7,896 | **** | 19 | % |
| Escondida | troy koz | 1,328 | 1,549 | 1,546 | 1,619 | 1,787 | 4,952 | 3,897 | 27 | % | 1,328 | 1,549 | 1,546 | 1,619 | 1,787 | 4,952 | 3,897 | 27 | % | |||||||||||||||||
| Pampa Norte | troy koz | 327 | 583 | 503 | 451 | 428 | 1,382 | 1,071 | 29 | % | 327 | 583 | 503 | 451 | 428 | 1,382 | 1,071 | 29 | % | |||||||||||||||||
| Copper South Australia | troy koz | 252 | 312 | 223 | 253 | 186 | 662 | 822 | (19 | )% | 189 | 311 | 295 | 218 | 173 | 686 | 811 | (15 | )% | |||||||||||||||||
| Antamina | troy koz | 713 | 873 | 878 | 954 | 1,017 | 2,849 | 2,486 | 15 | % | 587 | 694 | 782 | 796 | 810 | 2,388 | 2,117 | 13 | % | |||||||||||||||||
| Refined silver | troy koz | **** | 248 | **** | 265 | **** | 206 | **** | 133 | **** | 462 | **** | 801 | **** | 730 | **** | 10 | % | **** | 188 | **** | 329 | **** | 202 | **** | 110 | **** | 486 | **** | 798 | **** | 629 | **** | 27 | % | |
| Copper South Australia | troy koz | 248 | 265 | 206 | 133 | 462 | 801 | 730 | 10 | % | 188 | 329 | 202 | 110 | 486 | 798 | 629 | 27 | % | |||||||||||||||||
| Total | troy koz | **** | 2,868 | **** | 3,582 | **** | 3,356 | **** | 3,410 | **** | 3,880 | **** | 10,646 | **** | 9,006 | **** | 18 | % | **** | 2,619 | **** | 3,466 | **** | 3,328 | **** | 3,194 | **** | 3,684 | **** | 19,614 | **** | 16,421 | **** | 19 | % | |
| Uranium | Payable metal in concentrate | t | **** | 863 | **** | 929 | **** | 672 | **** | 725 | **** | 783 | **** | 2,180 | **** | 2,674 | **** | (18 | )% | **** | 394 | **** | 1,554 | **** | 677 | **** | 640 | **** | 710 | **** | 2,027 | **** | 1,770 | **** | 15 | % |
| Copper South Australia | t | 863 | 929 | 672 | 725 | **** | 783 | **** | 2,180 | **** | 2,674 | (18 | )% | 394 | 1,554 | 677 | 640 | **** | 710 | **** | 2,027 | 1,770 | 15 | % | ||||||||||||
| Molybdenum | Payable metal in concentrate | t | **** | 824 | **** | 699 | **** | 1,084 | **** | 751 | **** | 801 | **** | 2,636 | **** | 1,917 | **** | 38 | % | **** | 677 | **** | 678 | **** | 862 | **** | 872 | **** | 839 | **** | 2,573 | **** | 1,709 | **** | 51 | % |
| Pampa Norte | t | 203 | 117 | 182 | 136 | 187 | 505 | 677 | (25 | )% | 219 | 134 | 181 | 138 | 223 | 542 | 684 | (21 | )% | |||||||||||||||||
| Antamina | t | 621 | 582 | 902 | 615 | 614 | 2,131 | 1,240 | 72 | % | 458 | 544 | 681 | 734 | **** | 616 | **** | 2,031 | 1,025 | 98 | % | |||||||||||||||
| Iron ore | Western Australia Iron Ore (WAIO) | kt | 60,299 | 68,173 | 63,363 | 64,751 | 60,137 | 188,251 | 186,763 | 1 | % | 61,868 | 67,323 | 63,408 | 64,341 | 59,234 | 186,983 | 188,654 | (1 | )% | ||||||||||||||||
| Samarco | kt | 1,174 | 1,041 | 1,285 | 1,471 | 1,635 | 4,391 | 3,707 | 18 | % | 1,258 | 1,043 | 1,002 | 1,508 | 1,445 | 3,955 | 3,723 | 6 | % | |||||||||||||||||
| Total | kt | **** | 61,473 | **** | 69,214 | **** | 64,648 | **** | 66,222 | **** | 61,772 | **** | 192,642 | **** | 190,470 | **** | 1 | % | **** | 63,126 | **** | 68,366 | **** | 64,410 | **** | 65,849 | **** | 60,679 | **** | 190,938 | **** | 192,377 | **** | (1 | )% | |
| Steelmaking coal¹ | BHP Mitsubishi Alliance (BMA) | kt | **** | 6,035 | **** | 4,922 | **** | 4,515 | **** | 4,430 | **** | 3,919 | **** | 12,864 | **** | 17,353 | **** | (26 | )% | **** | 6,359 | **** | 4,904 | **** | 4,273 | **** | 4,726 | **** | 3,791 | **** | 12,790 | **** | 17,390 | **** | (26 | )% |
| Energy coal | NSW Energy Coal (NSWEC) | kt | **** | 4,149 | **** | 3,751 | **** | 3,675 | **** | 3,698 | **** | 3,596 | **** | 10,969 | **** | 11,617 | **** | (6 | )% | **** | 3,932 | **** | 3,678 | **** | 3,951 | **** | 3,803 | **** | 3,509 | **** | 11,263 | **** | 11,489 | **** | (2 | )% |
| Nickel^2^ | Western Australia Nickel | kt | **** | 18.8 | **** | 23.0 | **** | 19.6 | **** | 8.0 | **** | 2.3 | **** | 29.9 | **** | 58.6 | **** | (49 | )% | **** | 18.8 | **** | 23.2 | **** | 19.9 | **** | 11.2 | **** | 2.2 | **** | 33.3 | **** | 57.7 | **** | (42 | )% |
| Cobalt^2^ | Western Australia Nickel | t | **** | 179 | **** | 181 | **** | 294 | **** | 121 | **** | 35 | **** | 450 | **** | 553 | **** | (19 | )% | **** | 179 | **** | 181 | **** | 294 | **** | 121 | **** | - | **** | 415 | **** | 481 | **** | (14 | )% |
1 Production and sales included contribution from Blackwater and Daunia mines until their divestment on 2 April 2024. BMA includes thermal coal sales.
2 WA Nickel ramped down and entered temporary suspension in December 2024.
7
BHP | Operational Review for the nine months ended 31 March 2025
| Production | Sales | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Quarter ended | Year to date | Quarter ended | Year to date | |||||||||||||||||||||||||||||||||
| Mar | Jun | Sep | Dec | Mar | Mar | Mar | Var | Mar | Jun | Sep | Dec | Mar | Mar | Mar | Var | |||||||||||||||||||||
| 2024 | 2024 | 2024 | 2024 | 2025 | 2025 | 2024 | % | 2024 | 2024 | 2024 | 2024 | 2025 | 2025 | 2024 | % | |||||||||||||||||||||
| Production and sales | ||||||||||||||||||||||||||||||||||||
| By asset | ||||||||||||||||||||||||||||||||||||
| Copper | ||||||||||||||||||||||||||||||||||||
| Metals production is payable metal unless otherwise noted. | ||||||||||||||||||||||||||||||||||||
| Escondida, Chile¹ | BHP interest 57.5% | |||||||||||||||||||||||||||||||||||
| Material mined | kt | 103,872 | 102,752 | 100,416 | 116,083 | 117,038 | 333,537 | 286,502 | 16 | % | ||||||||||||||||||||||||||
| Concentrator throughput | kt | 31,653 | 34,377 | 32,488 | 35,293 | 32,889 | 100,670 | 99,737 | 1 | % | ||||||||||||||||||||||||||
| Average copper grade—concentrator | % | 0.92% | 0.99% | 1.00% | 1.06% | 1.09% | 1.05% | 0.85% | 24 | % | ||||||||||||||||||||||||||
| Production ex mill | kt | 238.6 | 279.5 | 269.9 | 309.8 | 295.6 | 875.3 | 681.9 | 28 | % | ||||||||||||||||||||||||||
| Payable copper | kt | 239.2 | 258.5 | 264.8 | 295.4 | 288.4 | 848.6 | 668.2 | 27 | % | 204.0 | 261.3 | 273.2 | 275.0 | 309.2 | 857.4 | 625.2 | 37 | % | |||||||||||||||||
| Copper cathode (EW) | kt | 49.0 | 50.7 | 39.4 | 44.4 | 45.2 | 129.0 | 147.9 | (13 | )% | 44.3 | 54.6 | 37.6 | 43.2 | 47.4 | 128.2 | 145.7 | (12 | )% | |||||||||||||||||
| Oxide leach | kt | 14.4 | 13.8 | 7.8 | 12.2 | 14.3 | 34.3 | 48.9 | (30 | )% | ||||||||||||||||||||||||||
| Sulphide leach | kt | 34.6 | 36.9 | 31.6 | 32.2 | 30.9 | 94.7 | 99.0 | (4 | )% | ||||||||||||||||||||||||||
| Total copper | kt | **** | 288.2 | **** | 309.2 | **** | 304.2 | **** | 339.8 | **** | 333.6 | **** | 977.6 | **** | 816.1 | **** | 20 | % | **** | 248.3 | **** | 315.9 | **** | 310.8 | **** | 318.2 | **** | 356.6 | **** | 985.6 | **** | 770.9 | **** | 28 | % | |
| Payable gold concentrate | troy oz | 38,955 | 45,410 | 46,963 | 37,293 | 44,527 | 128,783 | 135,651 | (5 | )% | 38,955 | 45,410 | 46,963 | 37,293 | 44,527 | 128,783 | 135,651 | (5 | )% | |||||||||||||||||
| Payable silver concentrate | troy koz | 1,328 | 1,549 | 1,546 | 1,619 | 1,787 | 4,952 | 3,897 | 27 | % | 1,328 | 1,549 | 1,546 | 1,619 | 1,787 | 4,952 | 3,897 | 27 | % | |||||||||||||||||
| 1 Shown on a 100% basis. | ||||||||||||||||||||||||||||||||||||
| Pampa Norte, Chile | BHP interest 100% | |||||||||||||||||||||||||||||||||||
| Copper | Payable metal in concentrate | kt | 39.5 | 39.4 | 35.7 | 36.6 | 36.1 | 108.4 | 110.9 | (2 | )% | 26.9 | 49.3 | 44.0 | 36.5 | 36.5 | 117.0 | 93.1 | 26 | % | ||||||||||||||||
| Cathode | kt | 22.1 | 26.5 | 24.4 | 29.6 | 31.8 | 85.8 | 88.8 | (3 | )% | 22.1 | 26.5 | 24.1 | 30.0 | 30.7 | 84.8 | 89.8 | (6 | )% | |||||||||||||||||
| Total copper | kt | **** | 61.6 | **** | 65.9 | **** | 60.1 | **** | 66.2 | **** | 67.9 | **** | 194.2 | **** | 199.7 | **** | (3 | )% | **** | 49.0 | **** | 75.8 | **** | 68.1 | **** | 66.5 | **** | 67.2 | **** | 201.8 | **** | 182.9 | **** | 10 | % | |
| Gold | troy oz | 1,819 | 4,676 | 4,043 | 2,635 | 3,341 | 10,019 | 8,604 | 16 | % | 1,819 | 4,676 | 4,043 | 2,635 | 3,341 | 10,019 | 8,604 | 16 | % | |||||||||||||||||
| Silver | troy koz | 327 | 583 | 503 | 451 | 428 | 1,382 | 1,071 | 29 | % | 327 | 583 | 503 | 451 | 428 | 1,382 | 1,071 | 29 | % | |||||||||||||||||
| Molybdenum | t | 203 | 117 | 182 | 136 | 187 | 505 | 677 | (25 | )% | 219 | 134 | 181 | 138 | 223 | 542 | 684 | (21 | )% | |||||||||||||||||
| Cerro Colorado¹ | ||||||||||||||||||||||||||||||||||||
| Material mined | kt | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||
| Ore stacked | kt | - | - | - | - | - | - | 154 | (100 | )% | ||||||||||||||||||||||||||
| Average copper grade—stacked | % | - | - | - | - | - | - | 0.58% | (100 | )% | ||||||||||||||||||||||||||
| Copper cathode (EW) | kt | - | - | - | - | - | - | 11.1 | (100 | )% | - | - | - | - | - | - | 12.5 | (100 | )% | |||||||||||||||||
| Spence | ||||||||||||||||||||||||||||||||||||
| Material mined | kt | 15,968 | 19,951 | 23,260 | 25,238 | 21,848 | 70,346 | 69,595 | 1 | % | ||||||||||||||||||||||||||
| Ore stacked | kt | 6,008 | 5,926 | 4,928 | 5,974 | 5,584 | 16,486 | 15,865 | 4 | % | ||||||||||||||||||||||||||
| Average copper grade—stacked | % | 0.56% | 0.54% | 0.73% | 0.81% | 0.62% | 0.72% | 0.58% | 24 | % | ||||||||||||||||||||||||||
| Concentrator throughput | kt | 8,055 | 7,766 | 7,547 | 7,722 | 7,754 | 23,023 | 23,679 | (3 | )% | ||||||||||||||||||||||||||
| Average copper grade—concentrator | % | 0.64% | 0.70% | 0.64% | 0.62% | 0.63% | 0.63% | 0.64% | (2 | )% | ||||||||||||||||||||||||||
| Payable copper | kt | 39.5 | 39.4 | 35.7 | 36.6 | 36.1 | 108.4 | 110.9 | (2 | )% | 26.9 | 49.3 | 44.0 | 36.5 | 36.5 | 117.0 | 93.1 | 26 | % | |||||||||||||||||
| Copper cathode (EW) | kt | 22.1 | 26.5 | 24.4 | 29.6 | 31.8 | 85.8 | 77.7 | 10 | % | 22.1 | 26.5 | 24.1 | 30.0 | 30.7 | 84.8 | 77.3 | 10 | % | |||||||||||||||||
| Total copper | kt | **** | 61.6 | **** | 65.9 | **** | 60.1 | **** | 66.2 | **** | 67.9 | **** | 194.2 | **** | 188.6 | **** | 3 | % | **** | 49.0 | **** | 75.8 | **** | 68.1 | **** | 66.5 | **** | 67.2 | **** | 201.8 | **** | 170.4 | **** | 18 | % | |
| Payable gold concentrate | troy oz | 1,819 | 4,676 | 4,043 | 2,635 | 3,341 | 10,019 | 8,604 | 16 | % | 1,819 | 4,676 | 4,043 | 2,635 | 3,341 | 10,019 | 8,604 | 16 | % | |||||||||||||||||
| Payable silver concentrate | troy koz | 327 | 583 | 503 | 451 | 428 | 1,382 | 1,071 | 29 | % | 327 | 583 | 503 | 451 | 428 | 1,382 | 1,071 | 29 | % | |||||||||||||||||
| Payable molybdenum | t | 203 | 117 | 182 | 136 | 187 | 505 | 677 | (25 | )% | 219 | 134 | 181 | 138 | 223 | 542 | 684 | (21 | )% |
1 Cerro Colorado entered temporary care and maintenance in December 2023.
8
BHP | Operational Review for the nine months ended 31 March 2025
| Production | Sales | ||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Quarter ended | Year to date | Quarter ended | Year to date | ||||||||||||||||||||||||||||||||||||||||
| Mar | Jun | Sep | Dec | Mar | Mar | Mar | Var | Mar | Jun | Sep | Dec | Mar | Mar | Mar | Var | ||||||||||||||||||||||||||||
| 2024 | 2024 | 2024 | 2024 | 2025 | 2025 | 2024 | % | 2024 | 2024 | 2024 | 2024 | 2025 | 2025 | 2024 | % | ||||||||||||||||||||||||||||
| Copper (continued) | |||||||||||||||||||||||||||||||||||||||||||
| Copper South Australia, Australia | BHP interest 100% | ||||||||||||||||||||||||||||||||||||||||||
| Copper | Payable metal in concentrate | kt | 27.4 | 34.7 | 27.9 | 28.0 | 24.8 | 80.7 | 84.2 | (4 | )% | 17.1 | 28.0 | 30.4 | 25.9 | 23.8 | 80.1 | 70.9 | 13 | % | |||||||||||||||||||||||
| Cathode | kt | 55.7 | 57.2 | 51.6 | 45.3 | 56.6 | 153.5 | 158.5 | (3 | )% | 53.7 | 61.2 | 49.0 | 46.8 | 55.2 | 151.0 | 154.1 | (2 | )% | ||||||||||||||||||||||||
| Total copper | kt | **** | 83.1 | **** | **** | 91.9 | **** | **** | 79.5 | **** | **** | 73.3 | **** | **** | 81.4 | **** | **** | 234.2 | **** | **** | 242.7 | **** | **** | (4 | )% | **** | 70.8 | **** | 89.2 | **** | 79.4 | **** | 72.7 | **** | 79.0 | **** | 231.1 | **** | 225.0 | **** | 3 | % | |
| Payable metal in concentrate transfer to Olympic Dam | kt | (4.1 | ) | (2.6 | ) | (6.1 | ) | (2.1 | ) | (2.5 | ) | (10.7 | ) | (10.0 | ) | 7 | % | ||||||||||||||||||||||||||
| Net copper | kt | **** | 79.0 | **** | **** | 89.3 | **** | **** | 73.4 | **** | **** | 71.2 | **** | **** | 78.9 | **** | **** | 223.5 | **** | **** | 232.7 | **** | **** | (4 | )% | ||||||||||||||||||
| Gold | Payable metal in concentrate | troy oz | 43,209 | 52,045 | 46,452 | 52,288 | 46,097 | 144,837 | 132,684 | 9 | % | 28,136 | 40,507 | 44,761 | 47,719 | 42,825 | 135,305 | 109,794 | 23 | % | |||||||||||||||||||||||
| Refined gold | troy oz | 49,128 | 49,139 | 37,385 | 47,478 | 57,006 | 141,869 | 157,984 | (10 | )% | 41,710 | 52,687 | 40,326 | 43,479 | 57,982 | 141,787 | 151,095 | (6 | )% | ||||||||||||||||||||||||
| Total gold | troy oz | **** | 92,337 | **** | **** | 101,184 | **** | **** | 83,837 | **** | **** | 99,766 | **** | **** | 103,103 | **** | **** | 286,706 | **** | **** | 290,668 | **** | **** | (1 | )% | **** | 69,846 | **** | 93,194 | **** | 85,087 | **** | 91,198 | **** | 100,807 | **** | 277,092 | **** | 260,889 | **** | 6 | % | |
| Payable metal in concentrate transfer to Olympic Dam | troy oz | (6,782 | ) | (3,690 | ) | (13,524 | ) | (3,979 | ) | (5,640 | ) | (23,143 | ) | (17,978 | ) | 29 | % | ||||||||||||||||||||||||||
| Net gold | troy oz | **** | 85,555 | **** | **** | 97,494 | **** | **** | 70,313 | **** | **** | 95,787 | **** | **** | 97,463 | **** | **** | 263,563 | **** | **** | 272,690 | **** | **** | (3 | )% | ||||||||||||||||||
| Silver | Payable metal in concentrate | troy koz | 282 | 333 | 254 | 264 | 198 | 716 | 876 | (18 | )% | 189 | 311 | 295 | 218 | 173 | 686 | 811 | (15 | )% | |||||||||||||||||||||||
| Refined silver | troy koz | 248 | 265 | 206 | 133 | 462 | 801 | 730 | 10 | % | 188 | 329 | 202 | 110 | 486 | 798 | 629 | 27 | % | ||||||||||||||||||||||||
| Total silver | troy koz | **** | 530 | **** | **** | 598 | **** | **** | 460 | **** | **** | 397 | **** | **** | 660 | **** | **** | 1,517 | **** | **** | 1,606 | **** | **** | (6 | )% | **** | 377 | **** | 640 | **** | 497 | **** | 328 | **** | 659 | **** | 1,484 | **** | 1,440 | **** | 3 | % | |
| Payable metal in concentrate transfer to Olympic Dam | troy koz | (30 | ) | (21 | ) | (31 | ) | (11 | ) | (12 | ) | (54 | ) | (54 | ) | 0 | % | ||||||||||||||||||||||||||
| Net silver | troy koz | **** | 500 | **** | **** | 577 | **** | **** | 429 | **** | **** | 386 | **** | **** | 648 | **** | **** | 1,463 | **** | **** | 1,552 | **** | **** | (6 | )% | ||||||||||||||||||
| Uranium | t | **** | 863 | **** | **** | 929 | **** | **** | 672 | **** | **** | 725 | **** | **** | 783 | **** | **** | 2,180 | **** | **** | 2,674 | **** | **** | (18 | )% | **** | 394 | **** | 1,554 | **** | 677 | **** | 640 | **** | 710 | **** | 2,027 | **** | 1,770 | **** | 15 | % | |
| Olympic Dam | |||||||||||||||||||||||||||||||||||||||||||
| Material mined | kt | 2,747 | 2,815 | 2,734 | 1,918 | 2,498 | 7,150 | 7,939 | (10 | )% | |||||||||||||||||||||||||||||||||
| Ore milled | kt | 2,511 | 2,912 | 2,617 | 2,407 | 2,462 | 7,486 | 7,741 | (3 | )% | |||||||||||||||||||||||||||||||||
| Average copper grade | % | 1.96 | % | 2.00 | % | 1.99 | % | 2.09 | % | 1.99 | % | 2.02 | % | 2.01 | % | 0 | % | ||||||||||||||||||||||||||
| Average uranium grade | kg/t | 0.57 | 0.58 | 0.60 | 0.59 | 0.56 | 0.58 | 0.58 | 0 | % | |||||||||||||||||||||||||||||||||
| Copper cathode (ER and EW) | kt | 55.7 | 57.2 | 51.6 | 45.3 | 56.6 | 153.5 | 158.5 | (3 | )% | 53.7 | 61.2 | 49.0 | 46.8 | 55.2 | 151.0 | 154.1 | (2 | )% | ||||||||||||||||||||||||
| Refined gold | troy oz | 49,128 | 49,139 | 37,385 | 47,478 | 57,006 | 141,869 | 157,984 | (10 | )% | 41,710 | 52,687 | 40,326 | 43,479 | 57,982 | 141,787 | 151,095 | (6 | )% | ||||||||||||||||||||||||
| Refined silver | troy koz | 248 | 265 | 206 | 133 | 462 | 801 | 730 | 10 | % | 188 | 329 | 202 | 110 | 486 | 798 | 629 | 27 | % | ||||||||||||||||||||||||
| Payable uranium | t | 863 | 929 | 672 | 725 | 783 | 2,180 | 2,674 | (18 | )% | 394 | 1,554 | 677 | 640 | 710 | 2,027 | 1,770 | 15 | % | ||||||||||||||||||||||||
| Prominent Hill | |||||||||||||||||||||||||||||||||||||||||||
| Material mined | kt | 1,094 | 1,175 | 927 | 1,111 | 1,119 | 3,157 | 3,329 | (5 | )% | |||||||||||||||||||||||||||||||||
| Ore milled | kt | 1,473 | 1,815 | 1,559 | 1,761 | 1,364 | 4,684 | 4,925 | (5 | )% | |||||||||||||||||||||||||||||||||
| Average copper grade | % | 0.86% | 0.94% | 0.73% | 0.72% | 0.82% | 0.75% | 0.85% | (11 | )% | |||||||||||||||||||||||||||||||||
| Concentrate produced | kt | 22.3 | 28.4 | 19.6 | 21.5 | 19.2 | 60.3 | 69.7 | (13 | )% | |||||||||||||||||||||||||||||||||
| Payable copper | kt | 10.9 | 14.6 | 9.5 | 10.9 | 9.7 | 30.1 | 35.9 | (16 | )% | 6.5 | 7.3 | 10.9 | 8.0 | 9.5 | 28.4 | 25.5 | 11 | % | ||||||||||||||||||||||||
| Payable gold concentrate | troy oz | 21,019 | 25,357 | 20,976 | 25,445 | 24,309 | 70,730 | 68,829 | 3 | % | 14,644 | 12,955 | 18,719 | 19,658 | 22,614 | 60,991 | 50,213 | 21 | % | ||||||||||||||||||||||||
| Payable silver concentrate | troy koz | 62 | 90 | 63 | 70 | 63 | 196 | 190 | 3 | % | 38 | 48 | 73 | 48 | 51 | 172 | 150 | 15 | % | ||||||||||||||||||||||||
| Carrapateena | |||||||||||||||||||||||||||||||||||||||||||
| Material mined | kt | 1,232 | 1,486 | 1,470 | 1,476 | 1,202 | 4,148 | 3,743 | 11 | % | |||||||||||||||||||||||||||||||||
| Ore milled | kt | 1,226 | 1,450 | 1,446 | 1,429 | 1,306 | 4,181 | 3,763 | 11 | % | |||||||||||||||||||||||||||||||||
| Average copper grade | % | 1.52% | 1.57% | 1.45% | 1.37% | 1.31% | 1.38% | 1.44% | (5 | )% | |||||||||||||||||||||||||||||||||
| Concentrate produced | kt | 45.9 | 62.0 | 59.2 | 57.6 | 50.6 | 167.4 | 132.7 | 26 | % | |||||||||||||||||||||||||||||||||
| Payable copper | kt | 16.5 | 20.1 | 18.4 | 17.1 | 15.1 | 50.6 | 48.3 | 5 | % | 10.6 | 20.7 | 19.5 | 17.9 | 14.3 | 51.7 | 45.4 | 14 | % | ||||||||||||||||||||||||
| Payable gold concentrate | troy oz | 22,190 | 26,688 | 25,476 | 26,843 | 21,788 | 74,107 | 63,855 | 16 | % | 13,492 | 27,552 | 26,042 | 28,061 | 20,211 | 74,314 | 59,581 | 25 | % | ||||||||||||||||||||||||
| Payable silver concentrate | troy koz | 220 | 243 | 191 | 194 | 135 | 520 | 686 | (24 | )% | 151 | 263 | 222 | 170 | 122 | 514 | 661 | (22 | )% |
9
BHP | Operational Review for the nine months ended 31 March 2025
| Production | Sales | |||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Quarter ended | Year to date | Quarter ended | Year to date | |||||||||||||||||||||||||||||||
| Mar<br>2024 | Jun<br>2024 | Sep<br>2024 | Dec<br>2024 | Mar2025 | Mar2025 | Mar<br>2024 | Var<br><br><br>% | Mar<br>2024 | Jun<br>2024 | Sep<br>2024 | Dec<br>2024 | Mar2025 | Mar2025 | Mar<br>2024 | Var<br><br><br>% | |||||||||||||||||||
| Copper (continued) | ||||||||||||||||||||||||||||||||||
| Antamina, Peru | BHP interest 33.75% | |||||||||||||||||||||||||||||||||
| Material mined | kt | 56,233 | 62,481 | 64,094 | 57,497 | 51,529 | 173,120 | 181,082 | (4)% | |||||||||||||||||||||||||
| Concentrator throughput | kt | 14,312 | 14,534 | 13,096 | 13,323 | 13,140 | 39,559 | 43,382 | (9)% | |||||||||||||||||||||||||
| Average head grade - copper | % | 0.83% | 0.91% | 0.91% | 0.77% | 0.81% | 0.83% | 0.85% | (3)% | |||||||||||||||||||||||||
| Average head grade - zinc | % | 0.68% | 0.68% | 0.67% | 0.84% | 0.85% | 0.79% | 0.96% | (18)% | |||||||||||||||||||||||||
| Payable copper | kt | 33.9 | 38.3 | 36.3 | 30.5 | 30.9 | 97.7 | 105.6 | (7)% | 31.3 | 37.4 | 39.6 | 33.3 | 27.4 | 100.3 | 102.4 | (2)% | |||||||||||||||||
| Payable zinc | t | 18,409 | 15,839 | 19,374 | 22,792 | 26,026 | 68,192 | 87,553 | (22)% | 17,559 | 14,118 | 19,609 | 25,328 | 22,249 | 67,186 | 88,563 | (24)% | |||||||||||||||||
| Payable silver | troy koz | 713 | 873 | 878 | 954 | 1,017 | 2,849 | 2,486 | 15% | 587 | 694 | 782 | 796 | 810 | 2,388 | 2,117 | 13% | |||||||||||||||||
| Payable lead | t | - | 131 | 21 | 148 | 234 | 403 | 201 | 100% | 108 | 9 | 125 | 35 | 181 | 341 | 353 | (3)% | |||||||||||||||||
| Payable molybdenum | t | 621 | 582 | 902 | 615 | 614 | 2,131 | 1,240 | 72% | 458 | 544 | 681 | 734 | 616 | 2,031 | 1,025 | 98% | |||||||||||||||||
| Carajás, Brazil | BHP interest 100% | |||||||||||||||||||||||||||||||||
| Material mined | kt | 163 | 134 | 180 | 152 | 140 | 472 | 352 | 34% | |||||||||||||||||||||||||
| Ore milled | kt | 163 | 135 | 161 | 170 | 128 | 460 | 353 | 30% | |||||||||||||||||||||||||
| Average copper grade | % | 2.07% | 1.68% | 1.61% | 1.92% | 1.64% | 1.73% | 1.91% | (9)% | |||||||||||||||||||||||||
| Production ex mill | kt | 12.9 | 8.8 | 9.9 | 12.6 | 7.9 | 30.4 | 25.7 | 18% | |||||||||||||||||||||||||
| Average gold grade | g/t | 0.50 | 0.48 | 0.46 | 0.54 | 0.50 | 0.50 | 0.48 | 4% | |||||||||||||||||||||||||
| Payable copper | kt | 3.1 | 2.1 | 2.3 | 3.0 | 1.9 | 7.2 | 6.2 | 17% | 2.2 | 2.7 | 4.3 | 2.1 | 2.1 | 8.5 | 4.4 | 93% | |||||||||||||||||
| Payable gold concentrate | troy oz | 1,958 | 1,572 | 1,734 | 2,231 | 1,516 | 5,481 | 3,986 | 38% | 1,488 | 1,730 | 3,169 | 1,527 | 1,664 | 6,360 | 3,005 | 112% | |||||||||||||||||
| Iron ore | ||||||||||||||||||||||||||||||||||
| Iron ore production and sales are reported on a wet tonnes basis. | ||||||||||||||||||||||||||||||||||
| WAIO, Australia | BHP interest 85% | |||||||||||||||||||||||||||||||||
| Newman Joint Venture | kt | 15,032 | 14,368 | 13,358 | 13,796 | 11,991 | 39,145 | 43,734 | (10)% | |||||||||||||||||||||||||
| Area C Joint Venture | kt | 24,920 | 29,070 | 28,839 | 29,578 | 27,869 | 86,286 | 76,798 | 12% | |||||||||||||||||||||||||
| Yandi Joint Venture | kt | 4,434 | 5,293 | 4,440 | 3,777 | 3,819 | 12,036 | 12,562 | (4)% | |||||||||||||||||||||||||
| Jimblebar¹ | kt | 15,913 | 19,442 | 16,726 | 17,600 | 16,458 | 50,784 | 53,669 | (5)% | |||||||||||||||||||||||||
| Total | kt | **** | 60,299 | **** | 68,173 | **** | 63,363 | **** | 64,751 | **** | 60,137 | **** | 188,251 | **** | 186,763 | **** | 1% | |||||||||||||||||
| Total (100%) | kt | **** | 68,131 | **** | 76,773 | **** | 71,593 | **** | 73,071 | **** | 67,844 | **** | 212,508 | **** | 210,249 | **** | 1% | |||||||||||||||||
| Lump | kt | 19,175 | 20,260 | 19,377 | 20,319 | 18,822 | 58,518 | 59,320 | (1)% | |||||||||||||||||||||||||
| Fines | kt | 42,693 | 47,063 | 44,031 | 44,022 | 40,412 | 128,465 | 129,334 | (1)% | |||||||||||||||||||||||||
| Total | kt | **** | 61,868 | **** | 67,323 | **** | 63,408 | **** | 64,341 | **** | 59,234 | **** | 186,983 | **** | 188,654 | **** | (1)% | |||||||||||||||||
| Total (100%) | kt | **** | 69,775 | **** | 75,898 | **** | 71,543 | **** | 72,594 | **** | 66,765 | **** | 210,902 | **** | 211,863 | **** | 0% | |||||||||||||||||
| 1 Presented on a 100% basis. BHP interest in saleable production is 85%. | ||||||||||||||||||||||||||||||||||
| Samarco, Brazil | BHP interest 50% | |||||||||||||||||||||||||||||||||
| Total | kt | **** | 1,174 | **** | 1,041 | **** | 1,285 | **** | 1,471 | **** | 1,635 | **** | 4,391 | **** | 3,707 | **** | 18% | **** | 1,258 | **** | 1,043 | **** | 1,002 | **** | 1,508 | **** | 1,445 | **** | 3,955 | **** | 3,723 | **** | 6% |
10
BHP | Operational Review for the nine months ended 31 March 2025
| Production | Sales | |||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Quarter ended | Year to date | Quarter ended | Year to date | |||||||||||||||||||||||||||||||
| Mar<br>2024 | Jun<br>2024 | Sep<br>2024 | Dec<br>2024 | Mar2025 | Mar2025 | Mar<br>2024 | Var<br><br><br>% | Mar<br>2024 | Jun<br>2024 | Sep<br>2024 | Dec<br>2024 | Mar2025 | Mar2025 | Mar<br>2024 | Var<br><br><br>% | |||||||||||||||||||
| Coal | ||||||||||||||||||||||||||||||||||
| Coal production is reported on the basis of saleable product. | ||||||||||||||||||||||||||||||||||
| BMA, Australia | BHP interest 50% | |||||||||||||||||||||||||||||||||
| Blackwater¹ | kt | 1,070 | 25 | - | - | - | - | 3,547 | (100)% | |||||||||||||||||||||||||
| Goonyella | kt | 1,824 | 2,047 | 1,359 | 1,439 | 1,228 | 4,026 | 4,387 | (8)% | |||||||||||||||||||||||||
| Peak Downs | kt | 1,012 | 1,238 | 1,249 | 1,073 | 1,098 | 3,420 | 2,979 | 15% | |||||||||||||||||||||||||
| Saraji | kt | 759 | 817 | 940 | 1,171 | 883 | 2,994 | 2,470 | 21% | |||||||||||||||||||||||||
| Daunia¹ | kt | 524 | 13 | - | - | - | - | 1,500 | (100)% | |||||||||||||||||||||||||
| Caval Ridge | kt | 846 | 782 | 967 | 747 | 710 | 2,424 | 2,470 | (2)% | |||||||||||||||||||||||||
| Total^2^ | kt | **** | 6,035 | **** | 4,922 | **** | 4,515 | **** | 4,430 | **** | 3,919 | **** | 12,864 | **** | 17,353 | **** | (26)% | |||||||||||||||||
| Total (100%)^2^ | kt | **** | 12,070 | **** | 9,844 | **** | 9,030 | **** | 8,860 | **** | 7,838 | **** | 25,728 | **** | 34,706 | **** | (26)% | |||||||||||||||||
| Coking coal | kt | 5,410 | 4,862 | 4,273 | 4,695 | 3,708 | 12,676 | 14,663 | (14)% | |||||||||||||||||||||||||
| Weak coking coal | kt | 927 | 42 | - | - | - | - | 2,208 | (100)% | |||||||||||||||||||||||||
| Thermal coal | kt | 22 | - | - | 31 | 83 | 114 | 519 | (78)% | |||||||||||||||||||||||||
| Total^1^ | kt | **** | 6,359 | **** | 4,904 | **** | 4,273 | **** | 4,726 | **** | 3,791 | **** | 12,790 | **** | 17,390 | **** | (26)% | |||||||||||||||||
| Total (100%)^1^ | kt | **** | 12,718 | **** | 9,808 | **** | 8,546 | **** | 9,452 | **** | 7,582 | **** | 25,580 | **** | 34,780 | **** | (26)% | |||||||||||||||||
| 1 Production and sales included contribution from Blackwater and Daunia mines until their divestment on 2 April<br>2024.<br> <br>2 Production figures include some thermal coal. | ||||||||||||||||||||||||||||||||||
| NSWEC, Australia | BHP interest 100% | |||||||||||||||||||||||||||||||||
| Export | kt | 3,558 | 3,254 | 3,416 | 3,471 | 3,128 | 10,015 | 10,587 | (5)% | |||||||||||||||||||||||||
| Domestic | kt | 374 | 424 | 535 | 332 | 381 | 1,248 | 902 | 38% | |||||||||||||||||||||||||
| Total | kt | **** | 4,149 | **** | 3,751 | **** | 3,675 | **** | 3,698 | **** | 3,596 | **** | 10,969 | **** | 11,617 | **** | (6)% | **** | 3,932 | **** | 3,678 | **** | 3,951 | **** | 3,803 | **** | 3,509 | **** | 11,263 | **** | 11,489 | **** | (2)% | |
| Other | ||||||||||||||||||||||||||||||||||
| Nickel production is reported on the basis of saleable product. | ||||||||||||||||||||||||||||||||||
| Western Australia Nickel, Australia¹ | BHP interest 100% | |||||||||||||||||||||||||||||||||
| Mt Keith | Nickel concentrate | kt | 32.4 | 42.6 | 35.9 | 5.4 | - | 41.3 | 118.9 | (65)% | ||||||||||||||||||||||||
| Average nickel grade | % | 15.2 | 17.8 | 17.1 | 16.7 | - | 17.0 | 16.3 | 4% | |||||||||||||||||||||||||
| Leinster | Nickel concentrate | kt | 60.3 | 76.6 | 72.5 | - | - | 72.5 | 189.7 | (62)% | ||||||||||||||||||||||||
| Average nickel grade | % | 7.8 | 9.0 | 8.8 | - | - | 8.8 | 8.0 | 10% | |||||||||||||||||||||||||
| Refined nickel² | kt | 8.8 | 14.7 | 12.1 | 0.1 | - | 12.2 | 35.2 | (65)% | 8.6 | 14.8 | 13.5 | 0.8 | - | 14.3 | 34.8 | (59)% | |||||||||||||||||
| Nickel sulphate³ | kt | 1.0 | 1.6 | 0.3 | - | - | 0.3 | 2.6 | (88)% | 0.8 | 1.5 | 0.6 | 0.3 | 0.1 | 1.0 | 2.3 | (57)% | |||||||||||||||||
| Intermediates and nickel by-products4 | kt | 9.0 | 6.7 | 7.2 | 7.9 | 2.3 | 17.4 | 20.8 | (16)% | 9.4 | 6.9 | 5.8 | 10.1 | 2.1 | 18.0 | 20.6 | (13)% | |||||||||||||||||
| Total nickel | kt | **** | 18.8 | **** | 23.0 | **** | 19.6 | **** | 8.0 | **** | 2.3 | **** | 29.9 | **** | 58.6 | **** | (49)% | **** | 18.8 | **** | 23.2 | **** | 19.9 | **** | 11.2 | **** | 2.2 | **** | 33.3 | **** | 57.7 | **** | (42)% | |
| Cobalt by-products | t | 179 | 181 | 294 | 121 | 35 | 450 | 553 | (19)% | 179 | 181 | 294 | 121 | - | 415 | 481 | (14)% | |||||||||||||||||
| 1 | WA Nickel ramped down and entered temporary suspension in December 2024. | |||||||||||||||||||||||||||||||||
| --- | --- | |||||||||||||||||||||||||||||||||
| 2 | High quality refined nickel metal, including briquettes and powder. | |||||||||||||||||||||||||||||||||
| --- | --- | |||||||||||||||||||||||||||||||||
| 3 | Nickel sulphate crystals produced from nickel powder. | |||||||||||||||||||||||||||||||||
| --- | --- | |||||||||||||||||||||||||||||||||
| 4 | Nickel contained in matte and by-product streams. | |||||||||||||||||||||||||||||||||
| --- | --- |
11
BHP | Operational Review for the quarter ended 30 September 2024
Variance analysis relates to the relative performance of BHP and/or its operations during the nine months ended March 2025 compared with the nine months ended March 2024, 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); percentage point (ppt); 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 | Investor Relations |
|---|---|
| Email: media.relations@bhp.com | Email: investor.relations@bhp.com |
| Australia and Asia | Australia and Asia |
| Josie Brophy | John-Paul Santamaria |
| Mobile: +61 417 622 839 | Mobile: +61 499 006 018 |
| Europe, Middle East and Africa | Europe, Middle East and Africa |
| Gabrielle Notley | James Bell |
| Mobile: +61 411 071 715 | Mobile: +44 7961 636 432 |
| North America | Americas |
| Megan Hjulfors | Monica Nettleton |
| Mobile: +1 403 605 2314 | Mobile: +1 416 518 6293 |
| Latin America | |
| Renata Fernandez | |
| Mobile: +56 9 8229 5357 | |
| 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 |
12
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| BHP Group Limited | ||
|---|---|---|
| Date: April 17, 2025 | By: | /s/ Stefanie Wilkinson |
| Name: | Stefanie Wilkinson | |
| Title: | Group General Counsel and Group Company Secretary |