Quarterly Activities Report

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Stock BHP Group Limited (BHP.ASX)
Release Time 17 Apr 2025, 8:27 a.m.
Price Sensitive Yes
 BHP Reports Record Iron Ore and Copper Production
Key Points
  • Record nine-month group copper production of 1.5 million tonnes
  • Record nine-month iron ore production, with WAIO demonstrating resilience
  • Executing on growth program with Jansen Stages 1 and 2 progress
Full Summary

BHP's performance in FY25 to date demonstrates the resilience of its business, with its copper and iron ore operations achieving record nine-month production. Group copper production rose 10%, underpinned by a 20% increase at Escondida and strong performances at Spence and Copper SA. In its WA iron ore operations, BHP continues to demonstrate supply chain excellence from pit to port, and delivered record tonnes from the Central Pilbara hub. At BMA in Queensland, steelmaking coal volumes rose by 5% following a strong performance across the open cut mines, despite the highest rainfall wet season in more than a decade. BHP recently achieved 40% female representation across its global employee base, a 23% point increase since 2016. The company 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. BHP is executing on its 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. The company remains on track to achieve its target of reducing operational greenhouse gas emissions by at least 30% by FY30.

Guidance

BHP's FY25 production guidance remains unchanged, except for BMA where unit costs are expected to be higher due to weather and geotechnical challenges at Broadmeadow. Escondida, Pampa Norte and NSWEC are expected to be in the upper half of their respective guidance ranges.