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6-K 1 d886015d6k.htm FORM 6-K FORM 6-K
 
 

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

(ABN 49 004 028 077)

(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 “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.

 

 
 


LOGO          17 April 2025

Operational review for the nine months ended 31 March 2025

Record iron ore and copper production demonstrating resilience of business

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

BHP Chief 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 performances across all other operated copper assets.

 

We also delivered record nine-month iron 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 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 unit costs to be higher due to weather and geotechnical challenges at Broadmeadow.

 

We have 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 – 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 concentrator expansion at Escondida.    We are on track to achieve our target of reducing operational greenhouse gas emissions by at least 30% by FY30i. The pace of development of some decarbonisation technology has 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 Mar
FY24
    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 – 270ii        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

 

 

LOGO

 

  

 

Further information in Appendix 1

 

Detailed production and sales information for all operations in Appendix 2

 

Copper   

Production

 

1,500 kt LOGO 10%

 

YTD Mar FY24 1,360 kt

 

FY25e 1,845 – 2,045 kt

 

Average realised price

 

US$4.19/lb LOGO 13%

 

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.

 

Escondida 978 kt LOGO 20% (100% basis)

 

Production increased primarily 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 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 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 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.

 

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 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 – 1,000 ktpa, extending current medium term guidance. The actions have the potential to add an incremental ~400 kt of production across the period.

 

Pampa Norte 194 kt LOGO 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 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 224 kt LOGO 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 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 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 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

 

193 Mt LOGO 1%

 

YTD Mar FY24 190 Mt

 

FY25e 255 – 265.5 Mt

 

Average realised price

 

US$82.93/wmt LOGO 21%

 

YTD Mar FY24 US$104.53/wmt

  

Iron ore production increased 1% to a record 193 Mt. Production guidance for FY25 remains unchanged at between 255 and 265.5 Mt.

 

WAIO 188 Mt LOGO 1% | 213 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 13% increase in productive movement.

 

The Port Debottlenecking Project 1 (PDP1), which was delivered in CY24, has continued to unlock improved car dumper and ship loader performance with record nine-month shipments of iron ore.

 

This strong performance was partially offset by the impact of Tropical Cyclone Zelia and Tropical Storm Sean, and the planned increase in tie-in activity of the multi-year Rail Technology Programme (RTP1).

 

Production guidance for FY25 remains unchanged at between 250 and 260 Mt (282 and 294 Mt on a 100% basis).

 

Samarco 4.4 Mt LOGO 18% | 8.8 Mt (100% basis)

 

Production continues 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 schedule).

 

Production guidance for FY25 remains unchanged at between 5 and 5.5 Mt, with production expected to be at the upper end of the range.

 

Coal

 

Steelmaking coal

 

  

Production

 

12.9 Mt LOGO 26%

 

YTD Mar FY24 17.4 Mt

 

FY25e 16.5 – 19 Mt

 

Average realised price

 

US$200.12/t LOGO 26%

 

YTD Mar FY24 US$272.09/t

 

  

BMA 12.9 Mt LOGO 26% | 25.7 Mt (100% basis)

 

Production increased 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 weatherv in the December and March quarters.

 

At 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.

 

Production guidance for FY25 remains unchanged at between 16.5 and 19 Mt (33 and 38 Mt on a 100% 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/tvi.

 

Our work to improve raw coal inventory 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 rebuild into CY27.

 

3


BHP | Operational review for the nine months ended 31 March 2025

 

Energy coal

 

  

Production

 

11.0 Mt LOGO 6%

 

YTD Mar FY24 11.6 Mt

 

FY25e 13 – 15 Mt

 

Average realised price

 

US$115.99/t LOGO 4%

 

YTD Mar FY24 US$120.97/t

  

NSWEC 11.0 Mt LOGO 6%

 

Production decreased as a result of reduced truck availability, increased wet weather and a higher proportion of washed coal, partially offset by a draw down of inventory.

 

Production guidance for FY25 remains unchanged at between 13 and 15 Mt, with production expected to be in the upper half of the range.

 

On 16 April 2025, we received approval from the NSW Government to extend mining to 30 June 2030.

 

Group & Unallocated

Nickel   
Production    Western Australia Nickel 30 kt LOGO 49%

30 kt LOGO 49%

 

YTD Mar FY24 59 kt

  

Western Australia Nickel (WAN) transitioned into temporary suspension in HY25. No production guidance has been provided for FY25.

 

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 -%

 

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 concentrate loading onto vessels resulting in a temporary suspension to upstream concentrator operations.  

62 Mt LOGO 7%

 

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 LOGO 12%

 

Q2 FY25 4.4 Mt

 

Lower production due to significant wet weather, partially offset by inventory draw down.

 

 

3.6 Mt LOGO 3%

 

Q2 FY25 3.7 Mt

  Lower production due to reduced wash plant availability and the impact of wet weather.

 

Nickel

 

           

2.3 kt LOGO 71%

 

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 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. 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 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 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 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 pricesi

 

      Quarter performance      YTD performance  
      Q3 FY25      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 %) 

 

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

Sales from Carrapateena and Prominent Hill acquired through the purchase of OZL are included since Q4 FY24 period.

 

iii

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.

 

iv

Export sales only. Includes thermal coal sales from steelmaking coal mines.

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)

       128 – 133          Increased  

 

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
guidance
       Unit cost
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 to FY31. 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 66%

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 8%

complete

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 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     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 )% 

Nickel2

  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 )% 

Cobalt2

  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
2024
     Jun
2024
     Sep
2024
     Dec
2024
     Mar
2025
         Mar
2025
     Mar
2024
    

Var

%

             Mar
2024
     Jun
2024
     Sep
2024
     Dec
2024
     Mar
2025
         Mar
2025
     Mar
2024
    

Var

%

 
                                                         

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
2024
     Jun
2024
     Sep
2024
     Dec
2024
     Mar
2025
         Mar
2025
     Mar
2024
    

Var

%

             Mar
2024
     Jun
2024
     Sep
2024
     Dec
2024
     Mar
2025
         Mar
2025
     Mar
2024
    

Var

%

 

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)%                                
 
  Total2   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)%  
 
  Total1   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 2024.

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

 

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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