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
Rio Tinto Q3 results show strong production across the portfolio
(Posted on 14/10/25)Multinational mining company, Rio Tinto, has releases its third quarter 2025 production results showing... Read more
Robe River JV to invest $733m to extend Western Australia iron ore mine
(Posted on 08/10/25)Rio Tinto, Mitsui and Nippon Steel will invest $733 million1 (Rio Tinto share $389 million) to develop... Read more
Cargill deploys AI robot dog 'Spot' to enhance safety, reliability and innovation
(Posted on 07/10/25)Cargill has introduced Boston Dynamics’ four-legged robot, Spot, at its Amsterdam Multiseed crush... Read more
Holcim strengthens West Australia presence with BGC acquisition
(Posted on 07/10/25)Holcim Australia has announced that Cement Australia (CA) - its joint venture with Heidelberg Materials... Read more
Heidelberg takes final investment decision for CCS project in UK
(Posted on 02/10/25)Heidelberg Materials and the UK Government have reached a funding agreement to build the world&rsquo... Read more
Bunge signs agreement to acquire grain elevator assets of North West Terminal
(Posted on 02/10/25)Bunge has signed a purchase agreement to acquire the grain elevator assets of North West Terminal Ltd... Read more
SSAB achieves IEA threshold for near-zero CO2e emissions steel
(Posted on 29/09/25)SSAB Zero steel produced with hydrogen-reduced iron from HYBRIT technology is the world’s first... Read more
Trafigura expands $400M US EXIM-Backed Revolving Credit Facilities
(Posted on 29/09/25)Trafigura, a global leader in the commodities industry, has successfully renewed and expanded the scope... Read more
Bunge and Bangkok Produce Merchandising expand soy supply partnership
(Posted on 22/09/25)Bunge and Bangkok Produce Merchandising Public Company Limited, a subsidiary of Charoen Pokphand Group... Read more
NGFA applauds Senate confirmation of USDA Under Secretaries
(Posted on 22/09/25)The National Grain and Feed Association (NGFA) has commended the U.S. Senate for confirming three key... Read more
