BHP reported record production of copper and iron ore in its year to June 30, 2026.
BHP Group reported record copper and iron ore output in the year to June 30, as it strengthened its growth pipeline and kept a tight rein on costs.
The global mining and resource group said in an operational review Thursday that the strong performance was against a backdrop of stronger realised prices for both copper and iron ore, with copper prices around 35 percent higher than a year ago.
Total copper production decreased 3% to 1,953kt. Copper production for the 2027 financial year was expected to be between 1,650 and 1,800kt predominately as a result of the forecast grade decline at Escondida.
Cost control was strong, with every asset expected to be within unit cost guidance despite headwinds from inflation, higher diesel prices and global supply chain disruptions.
