Increased copper and iron ore production for BHP
(Posted on 19/10/24)
BHP have released their operational review for the quarter ended 30 September 2024.
BHP Chief Executive Officer, Mike Henry, said “BHP had a strong start to the 2025 financial year, with production up across all major commodities for the quarter. Copper production was up 4% due to higher grade and recoveries at Escondida, and WAIO production was up 3% as we unlocked capacity by completing the debottlenecking work at the port.
We are also seeing signs of stabilisation in our steelmaking coal business with production up 20% in the quarter, excluding the recently divested Blackwater and Daunia mines.
We added to our copper growth prospects in the quarter, announcing a proposed 50/50 joint venture in Argentina with Lundin Mining to advance what we consider to be one of the most significant global copper discoveries in decades.
In Canada, our Jansen Stage 1 potash project is 58% complete after a productive summer period with first production scheduled in around two years.
China has announced a series of monetary easing policies in an effort to support economic growth, and has indicated more significant fiscal stimulus is on the horizon. Upcoming stimulus is likely to focus on relieving local debt, stabilising the property market and bolstering business confidence.”
Latest News
BHP’s record operational performance delivers resilient returns and growth
(Posted on 25/08/25)BHP have released financial results for the full year ended 30 June 2025.BHP Chief Executive Officer... Read more
Metso expansion in Antofagasta elevates support for Chilean mining
(Posted on 15/08/25)Metso has completed the expansion of its service centre in Antofagasta, Chile, reinforcing its ability... Read more
Alcoa explores feasibility of gallium critical mineral production in WA
(Posted on 11/08/25)Alcoa of Australia Limited, a wholly-owned subsidiary of Alcoa Corporation has announced a Joint Development... Read more
Rio Tinto releases new tailings facilities disclosure
(Posted on 11/08/25)Rio Tinto has published detailed information on its global tailings facilities, in alignment with the... Read more
NGFA applauds Senate confirmation of Lindberg as USDA trade undersecretary
(Posted on 04/08/25)The National Grain and Feed Association (NGFA) has commended the U.S. Senate for confirming Luke... Read more
Cargill to acquire Mig-Plus, expanding animal nutrition business in Brazil
(Posted on 04/08/25)Cargill, one of the world’s leading food providers, continues to advance its growth strategy in... Read more
Resilient financial results as Rio Tinto grows and diversifies
(Posted on 30/07/25)Rio Tinto has announced a 6% production year-on-year uplift, thereby delivering on strategy through... Read more
K-SURE and Trafigura $200m financing agreement to support Korean shipping
(Posted on 30/07/25)The Korea Trade Insurance Corporation (K-SURE) and Trafigura, a global leader in the commodities industry... Read more
BHP record copper and iron ore production drives strong 2025 performance
(Posted on 21/07/25)BHP have released their Operational Review for the year ended 30 June 2025.BHP Chief Executive Officer... Read more
Dynamic Mining shipping arm and GeoServe’s one-year milestone
(Posted on 15/07/25)A strategic collaboration between Icon Gulf Trading DMCC (part of the Dynamic Group) and GeoServe Energy... Read more
