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Copper production: 1.5MM T, +10%, Escondida +20%
Iron Ore production unchanged
It's been a rough year for BHP, like all base metal miners, let's see if fortunes change…
"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."
Summary of Results:
Copper
BHP delivered record nine-month group copper production of 1.5 million tonnes, +10%, driven by 20% increase at Escondida and strong performances at Spence & Copper SA.
Average realised price of US$4.19/Ib, +13% vs.FY24 US$3.72/Ib
Copper 2025 production guidance unchanged at 1.845 MM T— 2.045 MM T.
Iron Ore
- record nine-month iron ore production, with WAIO demonstrating its resilience to offset the impact of Tropical Cyclone and Storms; Samarco continues to ramp up.
Potash
Jansen Stages 1 and 2 now 66% and 8% complete, respectively
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