BHP Advances Key Projects and Sees Increased Production Across Major Commodities

BHP reported a strong start to the 2025 financial year, with production increases across its major commodities during the quarter ending September 30, 2024. The company saw copper production rise by 4%, driven by higher grades and recoveries at the Escondida mine in Chile. Iron ore production from Western Australia Iron Ore (WAIO) increased by 3%, following debottlenecking work at the port.

Steelmaking coal production also improved, excluding the divested Blackwater and Daunia mines, with a 20% rise in the quarter. The company announced a proposed 50/50 joint venture with Lundin Mining to advance a significant copper discovery in Argentina.

In Canada, the Jansen Stage 1 potash project reached 58% completion, with first production expected in approximately two years.

BHP CEO Mike Henry commented on economic conditions in China, noting recent monetary easing policies and anticipated fiscal stimulus aimed at supporting economic growth, stabilizing the property market, and boosting business confidence.