Notizie in diretta • Jul 16
BHP Approves $900 Million Ministers North Iron Ore Project in Pilbara BHP Group has approved an A$900 million investment to develop the Ministers North iron ore project in Western Australia’s Pilbara, aiming for first ore in fiscal 2029 and up to 20 million tonnes per year from the high-grade Brockman deposit, alongside joint venture partners Itochu and Mitsui & Co.
The project is planned as a satellite extension of the existing Yandi mine and is tied to BHP’s medium-term iron ore production target of 305 million tonnes per year, reflecting continued capital allocation to its core Pilbara iron ore business.
BHP shares trade at A$59.14, with the stock up 29.2% year to date.
This new Pilbara project adds another committed asset to BHP’s iron ore pipeline, which can matter for readers assessing long-life production, future capital needs and execution risk around bringing new tonnes online by the 2029 timeline. Annuncio • Jul 16
Bhp Group Limited Provides Group Production Guidance for the Fiscal Year 2027 BHP Group Limited provided group production guidance for the fiscal year 2027. For the year 2027, the company now expects copper production to be between 1,650 kt - 1,800 kt, Iron ore between 260 Mt - 272 Mt, Steelmaking coal - BMA between 18.5 Mt - 20.5 Mt, and Energy coal - NSWEC between 14 mt -16 mt . Notizie in diretta • Jul 11
BHP Group Awards Nerin Engineering Smelter Contract for South Australia Expansion BHP Group has awarded China Nerin Engineering a design and supply contract for critical processing facilities tied to its South Australia smelter and refinery expansion, with work to be delivered in stages and a potential final investment decision flagged for 2027; the supply element is contingent on full project approval by BHP.
The contract represents concrete progress on a significant capital project that could influence BHP’s long-term production setup in South Australia, although final scope and spending still depend on the 2027 decision.
BHP shares trade at A$58.28, with the stock up 27.4% year to date.
This contract provides an early view of BHP’s capital allocation priorities over the next few years, while the conditional nature of the supply component highlights ongoing project risk around timing, cost and final configuration. Notizie in diretta • Jul 09
BHP Gets Green Light for $14.7 Billion Escondida Copper Mine Expansion in Chile BHP Group has received initial environmental clearance from Chile's Antofagasta Environmental Assessment Commission to begin early works on a planned expansion of its Escondida copper mine, part of a wider project that could involve up to US$14.7b in investment, with about US$1.3b earmarked for the first phase.
The approval allows BHP to start projects tied to sulphide leaching and electricity infrastructure upgrades at Escondida, which the company views as integral to sustaining and growing copper production over the long term.
BHP’s stock last closed at A$56.87, with the share price up 24.3% year to date.
This approval signals regulatory progress on one of BHP’s largest copper projects, but it also commits the company to significant capital spending and potential execution and permitting risk as later stages of the expansion come up for review. Major Estimate Revision • Jul 09
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from US$2.66 to US$2.34 per share. Revenue forecast steady at US$57.7b. Net income forecast to grow 22% next year vs 27% growth forecast for Metals and Mining industry in Australia. Consensus price target down from AU$62.41 to AU$60.63. Share price fell 4.5% to AU$56.87 over the past week. Annuncio • Jul 02
Bhp Group Limited Announces Retirement of Mike Henry as Executive Director, Effective June 30, 2026 BHP Group Limited announced that Mike Henry retired as an Executive Director on June 30, 2026. Annuncio • Jun 29
Bhp Group Ltd Announces Executive Changes BHP Group Ltd. announced the appointment of Jessica Farrell as President North America, effective July 1, 2026. Farrell, currently Vice President Innovation, will also act as interim President South America until the recruitment is completed for the role. Prior to her current role, Farrell was Western Australia Nickel Asset President. She has more than 20 years of experience holding senior roles at BHP. With effect from September 1, 2026, Edgar Basto, current Chief Operating Officer, will remain on the Executive Leadership Team and report to the CEO as Chief Enterprise Performance Officer. Geraldine Slattery will continue as President Australia and will assume responsibility for Copper South Australia, bringing all of the Australian operating assets together. Annuncio • Jun 27
BHP Group Limited Announces Management Changes, Effective 1 September 2026 On 18 March 2026, the BHP Board announced that Brandon Craig will become Chief Executive Officer and a Director of BHP Group Limited on 1 July 2026. BHP now announces changes to the executive leadership team. President North America: Jessica Farrell has been appointed President North America effective 1 July 2026. Jess is currently Vice President Innovation, and prior to this was Western Australia Nickel Asset President. Jess has more than 20 years of experience across a range of commodities and jurisdictions holding senior roles at BHP. Jess brings a strong combination of operational leadership, strategic implementation, and partnership experience. She has a proven track record of navigating complex transitions while prioritising safety, employee and community outcomes. Jess will also act in the position of President South America as recruitment is completed for that role. The following changes will take effect on 1 September 2026: Chief Enterprise Performance Officer: Edgar Basto, current Chief Operating Officer, will remain on the Executive Leadership Team, and reporting to the CEO, as Chief Enterprise Performance Officer. In this new capacity Edgar will remain accountable for BHP's Health Safety and Security and the BHP Operating System (BOS). In addition, Edgar will be accountable for strengthening contractor safety and further embedding operating discipline and performance across the enterprise. President Australia: Geraldine Slattery will continue as President Australia and will assume responsibility for Copper South Australia, bringing all of the Australian operating assets together under her leadership. BHP Executive Leadership Team: As a result of the changes, the Executive Leadership Team (in addition to Brandon Craig, incoming CEO) will be as follows as at 1 September 2026: Chief Enterprise Performance Officer Edgar Basto; Chief Legal, Governance and External Affairs Officer: Caroline Cox; President North America: Jessica Farrell (from 1 July 2026); President South America: Jessica Farrell (interim from 1 July 2026); Chief Financial Officer: Vandita Pant; Chief Development Officer: Catherine Raw; President Australia: Geraldine Slattery; Chief Commercial Officer: Rag Udd; Chief Technical Officer: Johan van Jaarsveld; Chief People Officer: Jad Vodopija. Notizie in diretta • Jun 23
BHP Faces $2.3 Billion Jansen Impairment as Project Costs and Timeline Expand BHP Group recorded a US$2.3b impairment in its 2026 financial results on the Jansen Stage 2 potash project in Canada, after revising the project’s cost estimate from US$4.9b to US$6.9b and pushing expected first production to late fiscal 2031, two years later than previously planned.
The write-down and delay affect BHP’s near-term financials and project pipeline, but the company is still treating Jansen as a long-life, low-cost potash asset with potential to supply about 10% of global potash production as part of its fertilizer portfolio.
BHP shares last traded at A$59.92, with the stock up 30.9% year to date, so the Jansen hit is landing against a backdrop of strong recent share price performance.
The key issue is execution risk. Jansen now requires more capital and time before any cash flow, so readers should weigh that against BHP’s view of potash as an important, long-duration business line. Notizie in diretta • Jun 15
BHP Hits 52-Week High as Copper Drives Record Earnings and New Growth Plans BHP reached a new 52-week high after reporting a 25% lift in underlying EBITDA for the first half of FY2026, driven mainly by copper, which now provides more than half of its underlying earnings.
The company is targeting annual copper-equivalent production growth of 3 to 4% through 2035, supported by projects such as the Escondida expansion and the Resolution Copper joint venture.
Management is contending with potential labor strikes at its Port Hedland iron ore export facility and softer iron ore prices, while also partnering with Wuxi BOTON Technology to develop lower-carbon, intelligent mining conveyor systems.
The key swing factor for BHP is increasingly copper, with iron ore and coal now acting more as supporting cash generators than primary growth drivers.
You should weigh the long-term copper growth plan and record earnings against near-term risks from possible iron ore shipment disruptions, changing Chinese demand and the upcoming CEO transition to Brandon Craig in July 2026. Notizie in diretta • Jun 08
BHP Group Rises to 52-Week High With Copper Leading and Potash Expansion Underway BHP shares have recently hit a new 52-week high, with copper now generating more than half of underlying earnings and sitting at the core of the company’s growth plans.
The group is targeting 3% to 4% annual copper-equivalent production growth through 2035, backed by more than US$550m of investment in projects such as Olympic Dam and further developments at Escondida and Resolution Copper.
In Canada, BHP has signed four-year dual rail agreements with CN and CPKC to move potash from its Jansen project to Westshore Terminals in Vancouver, supporting its first planned entry into the global potash market by mid-2027.
The stock has also come under pressure recently as iron ore prices have softened, with additional concern around potential labor action at BHP’s Port Hedland iron ore export facility.
The mix of record highs tied to copper, new potash logistics agreements and near-term iron ore and labor risks highlights how much the story now rests on execution in growth projects rather than just traditional iron ore earnings.
You need to weigh the appeal of copper and potash diversification against exposure to commodity price swings, Chinese steel demand and any disruption if labor negotiations in Western Australia turn into actual industrial action. Annuncio • May 14
BHP Group Limited Announces Appointment of Mark Vassella as Non-Executive Director, Effective June 1, 2026 BHP Group Limited announces the appointment of Mark Vassella as a Non-executive Director with effect from June 1, 2026. Mark Vassella has over 40 years' experience in the global steel industry and materials value chain. Mark was the Chief Executive Officer and Managing Director of BlueScope Steel Limited from January 2018 to January 2026 which included global operations across Australia, New Zealand, North America and Asia. Mark started in the steel industry as a cadet at BHP Newcastle in NSW in the early 1980s. He has held various general manager, leadership and global executive roles in Australia, the UK and the US. He was also a member of the WorldSteel Association Board. Mark is recognised for expertise running large scale industrial operations within the resources and materials value chain, and his leadership in building constructive relationships with governments, Indigenous partners, community stakeholders and business partners. He brings a strong focus on safety, decarbonisation and capital allocation discipline. Annuncio • Mar 12
South32 Ltd Reportedly Emerges as Contender for West Musgrave Copper-Nickel Project BHP Group Limited (ASX:BHP)'s non-core asset sale process is moving towards the pointy end, with South32 Limited (ASX:S32) emerging as one of the leading contenders for the prized West Musgrave copper-nickel project. The sale process for BHP's nickel portfolio has progressed beyond initial stages, with sources indicating that South32 was very focused on the West Musgrave opportunity. South32, the company that BHP spun out in 2015, is now valued at $19 billion. DataRoom reported in December that South32 was actively considering an acquisition of West Musgrave, the largest and most valuable asset in BHP's nickel portfolio being sold by Macquarie Capital and UBS. South32's interest is driven primarily by West Musgrave's copper deposits alongside its nickel resources, say sources. However, any buyer will require deep pockets, with the project demanding approximately $1 billion in capital spending and carrying about $300 million in rehabilitation liabilities. Australian-listed copper miner Sandfire Resources had previously weighed a bid but may have stepped back. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to AU$50.10, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 1x in the Metals and Mining industry in Australia. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$39.07 per share. Annuncio • Mar 02
BHP Group Limited to Report Fiscal Year 2026 Results on Aug 18, 2026 BHP Group Limited announced that they will report fiscal year 2026 results at 8:30 AM, AUS Eastern Standard Time on Aug 18, 2026 Declared Dividend • Feb 19
First half dividend of AU$1.03 announced Shareholders will receive a dividend of AU$1.03. Ex-date: 5th March 2026 Payment date: 26th March 2026 Dividend yield will be 3.7%, which is lower than the industry average of 5.1%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Feb 18
Bhp Group Limited Provides Production Guidance for Financial Year 2027 BHP Group Limited provided production guidance for financial year 2027. For the period, the company expects guidance to between 1 million and 1.1 million tonnes. Including the 400,000 tonnes of incremental production over 2027 to 2031, the recent increase in guidance expects to deliver over 500,000 more tonnes over the next 5 years compared to year ago. Reported Earnings • Feb 18
First half 2026 earnings released: EPS: US$1.11 (vs US$0.87 in 1H 2025) First half 2026 results: EPS: US$1.11 (up from US$0.87 in 1H 2025). Revenue: US$27.9b (up 11% from 1H 2025). Net income: US$5.64b (up 28% from 1H 2025). Profit margin: 20% (up from 18% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 7.2% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Annuncio • Feb 17
BHP Group Limited Announces Interim Dividend for the Six Months Ended December 31, 2025, Payable on 26 March 2026 BHP Group Limited announced interim dividend of USD 0.73000000 per share for the six months ended December 31, 2025. Record date of 6 March 2026, ex-date of March 5, 2026 and payment date of 26 March 2026. Buy Or Sell Opportunity • Jan 24
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to AU$48.43. The fair value is estimated to be AU$40.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.5% over the last 3 years. Earnings per share has declined by 31%. For the next 3 years, revenue is forecast to grow by 0.8% per annum. Earnings are also forecast to grow by 6.6% per annum over the same time period. Major Estimate Revision • Jan 21
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$53.0b to US$54.7b. EPS estimate increased from US$2.35 to US$2.66 per share. Net income forecast to grow 35% next year vs 25% growth forecast for Metals and Mining industry in Australia. Consensus price target up from AU$45.54 to AU$48.84. Share price was steady at AU$47.78 over the past week. Annuncio • Dec 20
Bhp Group plc Appoints Callum Doherty as Partner to Lead International and Large Corporate Tax Services BHP Group PLC has named Callum Doherty as partner to lead its international and large corporate tax services. In his new position, Doherty will work with BHP's broader tax team and take the lead in developing the firm's international tax service offering. He will support clients seeking to expand their operations overseas, while also providing expert guidance to 'large' and 'very large' UK businesses - typically defined as those with accounting profits exceeding £1.5m ($2m) and £20m, respectively - on complex domestic tax issues. His background covers experience with EY, PwC, and BlackRock. Most recently, Doherty was tax director at CFGI's UK division, where his work involved supporting large corporate clients with both UK and international tax strategies. Annuncio • Dec 05
BHP Group Limited Settles Australian Samarco Shareholder Class Action for AUD 110 Million BHP Group Limited announced that Federal Court of Australia approved the settlement of the Australian Samarco shareholder class action, that was previously disclosed on 9 September 2025. Under the terms of settlement, BHP has agreed to pay the Applicants AUD 110 million, inclusive of interest and costs, with no admission of liability. BHP expects to recover the majority of the settlement amount from its insurers. Annuncio • Nov 24
BHP Group Reportedly Made Renewed Bid Approach to Anglo American Mining company BHP Group Limited (ASX:BHP) has made a renewed takeover approach to rival Anglo American plc (LSE:AAL), a source familiar with the matter told Reuters on November 23, 2025, just months after the London-listed miner agreed merger plans with Canada's Teck Resources to create a global copper-focused heavyweight. Anglo American declined to comment. BHP did not immediately respond to a request for comment outside regular business hours. BHP has made overtures to Anglo American in recent days, Bloomberg News reported earlier, citing people familiar with the matter, adding that deliberations are ongoing and there is no certainty of a deal. Anglo American's market capitalisation is about $41.80 billion, while BHP's is around $132.18 billion, based on LSEG data. In September, Anglo American agreed plans to merge with Teck in an all-share deal, marking the sector's second-biggest M&A deal ever. The deal came just over a year after BHP scrapped a $49 billion bid for Anglo, a deal that would have boosted the Australian miner's holdings of copper, the metal seen as essential for the transition to greener energy. If the BHP/Anglo deal had gone ahead, the combined entity would have been the world's largest copper producer, with a total annual production of around 1.9 million metric tons. The new Anglo Teck group is expected to have a combined annual copper production capacity of approximately 1.2 million tons, still second to BHP. Annuncio • Nov 14
BHP Group Limited Provides Update on United Kingdom Group Action BHP Group Limited confirmed that the English High Court has found BHP liable under Brazilian law for the 2015 Fundão dam failure. Any assessment of damages will be determined in future second and third stage trials expected to complete in 2028 or 2029. BHP intends to appeal the decision and will continue to defend the UK group action. BHP has supported extensive remediation and compensation efforts in Brazil since 2015. In October 2024, BHP Billiton Brasil Ltda (BHP Brasil) (a subsidiary of BHP Group Limited), Vale S.A. (Vale) and Samarco Mineração S.A. (Samarco)entered into a USD 32 billion comprehensive agreement with Brazil public authorities and public defenders for a full and final settlement of key claims in Brazil in relation to the dam failure (Brazil Agreement). More than 610,000 people have already been compensated in Brazil, including approximately 240,000 claimants from the UK group action who have provided releases for related claims. The English High Court decision upholds the validity of these releases which should reduce the size and value of the claims in the UK group action. BHP believes the UK group action is duplicative of remediation and compensation that has already occurred in Brazil or which is available under the Brazil Agreement. Expected cash outflows relating to Samarco remain largely aligned with the USD 2.2 billion for FY2026 and USD 0.5 billion for FY2027 included in BHP's FY2025 results announcement. Approximately USD 1 billion has been spent to date in FY2026. The Fundão dam was owned and operated by Samarco, a non-operated joint venture between BHP Brasil (a subsidiary of BHP Group Limited) and Vale. Each of BHP Brasil and Vale holds 50% of Samarco. As stated in BHP's 2025 Annual Report, these proceedings have been brought against BHP Group Limited (the parent company of BHP Brasil) (BHP), and BHP Group (UK) Limited (the former dual listed UK entity) in the English High Court by over600,000claimants seeking damages in relation to the Fundão dam failure in 2015. The decision by the English High Court follows a five-month first stage trial of the UK group action. The English High Court has found that BHP is liable on the basis that it is a 'polluter' under Brazilian environmental law and at fault under the Brazilian civil code. The English High Court rejected the argument that BHP is liable under Brazilian corporate law. The decision relates to events that occurred in the period before November 2015. The English High Court also found that the waivers and releases signed by claimants who have already received compensation in Brazilare valid. This should reduce the size and value of the claims in the UK group action. Subject to BHP's appeal, a second stage trial will decide whether losses claimed by the claimants were caused by the dam failure. This trial is currently scheduled for October 2026 to March 2027. Following any decision and appeals in that trial, a stage 3 trial may also be required, where each remaining claimant would need to prove their individual damages before BHP is required to make any payments to them. This third trial is unlikely to occur before 2028. Remediation and compensation in Brazil: The Fundão dam failure at Samarco was a tragedy that should never have happened. Since 2015, BHP Brasil, Vale and Samarco have provided USD 13.4 billion for reparation and compensation to affected people and to Public Authorities in Brazil. In total, compensation and financial aid has been paid to more than 610,000 people who have received approximately USD 6.3 billion. This includes approximately 240,000 claimants in the UK group action who have been compensated in Brazil and signed releases for related claims. Additionally, remediation of the environment affected by the dam failure is substantially complete and resettlement of the communities of Novo Bento Rodrigues and Paracatu is 98% complete. Samarco, BHP Brasil and Vale continue to implement the agreement reached with the Brazilian public authorities and public defenders in October 2024 which provides BRL 170 billion (USD 32 billion) for reparation of the impacts of the dam failure, including water sanitation, the public health system, economic recovery, local infrastructure, collective damages for affected Indigenous and Traditional Communities and Brazilian Municipalities and income support for the most vulnerable people in the affected regions. BHP remains confident that the BrazilAgreement agreed with local Brazilian authorities provides the quickest and most effective mechanisms to compensate those impacted by the Samarco dam failure. Annuncio • Nov 07
BHP Group Limited to Report First Half, 2026 Results on Feb 17, 2026 BHP Group Limited announced that they will report first half, 2026 results on Feb 17, 2026 Annuncio • Oct 21
BHP Group Limited Provides Production Guidance for the Fiscal Year 2026 BHP Group Limited provided production guidance for the fiscal year 2026. For the year 2026, the company expects copper production to be between 1,800 kt - 2,000 kt, Iron ore between 258 Mt - 269 Mt, Steelmaking coal - BMA between 18 Mt - 20 Mt, and Energy coal - NSWEC between 14 kt -16 kt. Buy Or Sell Opportunity • Oct 01
Now 22% undervalued Over the last 90 days, the stock has risen 5.6% to AU$41.47. The fair value is estimated to be AU$53.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.5% over the last 3 years. Earnings per share has declined by 31%. For the next 3 years, revenue is forecast to decline by 0.6% per annum. Earnings are forecast to grow by 3.2% per annum over the same time period. Annuncio • Sep 11
BHP Reportedly Taps Pair of Banks to Explore Nickel Assets Sale BHP Group Limited (ASX:BHP) is understood to have hired investment banks Macquarie Capital and UBS for a potential sale of its nickel business. The sale of the division has been flagged, with The Australian reporting on August 24 that the country's largest miner had quietly put the business up for sale. This, while being committed to spending $450 million a year preparing its mothballed nickel assets in Western Australia for a possible restart. UBS and Macquarie have been called upon for BHP asset sales before - both have worked on the divestment of its coal mines in Queensland in recent years. DataRoom understands that a potential plan by BHP and its advisers for what includes its unit known as Nickel West is to split assets up and sell the business off in parts. Market experts believe finding a buyer that would be prepared to pay up for the business as a whole would be no easy task. Expectations are that BHP's nickel assets may fetch hundreds of millions of dollars, although the rehabilitation costs would be a similar amount and a buyer would need to foot those. The nickel assets carry closure and rehabilitation liabilities of at least USD 900 million. A data room will be open for potential buyers to inspect BHP's WA mines, a smelter and refinery, and the West Musgrave nickel project acquired as part of the $9.6 billion Oz Minerals takeover. BHP was believed to be dusting off plans for a sale of Nickel West in 2018 through Goldman Sachs. Goldman's ran a sale process for Nickel West four years before that, around the time BHP announced it was demerging what is now known as South32. But the process was pulled after the $105 billion Australian and London-listed group failed to attract suitors ready to meet its price expectations. Nickel West is the collection of West Australian nickel assets bought by BHP with its 2005 acquisition of WMC Resources. When Nickel West was for sale last time around, Glencore was thought to be a possible suitor. Another possible contender was China's Jinchuan. Annuncio • Sep 09
BHP Group Limited Announces Settlement of Samarco AU Securities Class Action BHP has reached an agreement to settle the Australian Samarco shareholder class action. The settlement is subject to approval by the Federal Court of Australia. The Australian shareholder class action was brought on behalf of shareholders who acquired BHP shares before the Fundão Dam failure. The class action was filed in the Federal Court of Australia in 2018 on behalf of persons who acquired shares in BHP Group Limited or BHP Group Plc (now BHP Group (UK) Ltd) during the period 8 August 2012 to 9 November 2015 (the Applicants). The Fundão Dam was owned and operated by Samarco Mineração S.A. (Samarco), a non-operated joint venture between BHP Billiton Brasil Ltda (BHP Brasil) (a subsidiary of BHP Group Limited) and Vale S.A. Each of BHP Brasil and Vale holds 50 per cent of Samarco. Under the terms of the settlement agreement, BHP has agreed to pay the Applicants AUD 110 million, inclusive of interests and costs, with no admission of liability. BHP expects to recover the majority of the settlement amount from its insurers. Recent Insider Transactions Derivative • Aug 29
CEO & Executive Director exercised options and sold AU$2.8m worth of stock On the 22nd of August, Mike Henry exercised options to acquire 66k shares at no cost and sold these for an average price of AU$42.22 per share. This trade did not impact their existing holding. For the year to June 2019, Mike's total compensation was 22% salary and 78% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Mike has owned 478.04k shares directly. Company insiders have collectively sold AU$7.3m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Aug 21
Final dividend of US$0.60 announced Shareholders will receive a dividend of US$0.60. Ex-date: 4th September 2025 Payment date: 25th September 2025 Dividend yield will be 3.3%, which is lower than the industry average of 5.1%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 2.8% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 19
Full year 2025 earnings released: EPS: US$1.78 (vs US$1.56 in FY 2024) Full year 2025 results: EPS: US$1.78 (up from US$1.56 in FY 2024). Revenue: US$51.6b (down 7.8% from FY 2024). Net income: US$9.02b (up 14% from FY 2024). Profit margin: 18% (up from 14% in FY 2024). The increase in margin was driven by lower expenses. Revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to grow by 4.8%. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Annuncio • Jul 18
Bhp Group Limited Provides Production Guidance for the Fiscal Year 2026 BHP Group Limited provided production guidance for the fiscal year 2026. For the year copper production to be between 1.8 Mt to 2.0 Mt. Annuncio • Mar 03
BHP Group Limited Appoints Marian Moroney as Head of Prospect Evaluation Ms. Marian Moroney has accepted a senior executive role with BHP Group Ltd, being appointed as Head of Prospect Evaluation. Recent Insider Transactions • Feb 21
Non-Executive Independent Director recently bought AU$1.0m worth of stock On the 18th of February, Ross McEwan bought around 25k shares on-market at roughly AU$40.53 per share. This transaction increased Ross' direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$2.1m more in shares than they have sold in the last 12 months. Declared Dividend • Feb 20
First half dividend of US$0.50 announced Shareholders will receive a dividend of US$0.50. Ex-date: 6th March 2025 Payment date: 27th March 2025 Dividend yield will be 4.0%, which is lower than the industry average of 5.1%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 8.7% over the next 3 years. However, it would need to fall by 39% to increase the payout ratio to a potentially unsustainable range. New Risk • Feb 20
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Feb 19
First half 2025 earnings: EPS misses analyst expectations First half 2025 results: EPS: US$0.87 (up from US$0.18 in 1H 2024). Revenue: US$25.2b (down 7.5% from 1H 2024). Net income: US$4.42b (up 376% from 1H 2024). Profit margin: 18% (up from 3.4% in 1H 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Annuncio • Feb 18
BHP Group Limited Announces Ordinary Dividend for the Six Months Ended December 31, 2024, Payable March 27, 2025 BHP Group Limited announced ordinary dividend of USD 0.50 per share for the six months ended December 31, 2024. Record date is March 7, 2025; Ex Date is March 6, 2025 and payment date is March 27, 2025. New Risk • Feb 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Annuncio • Feb 13
BHP Group Limited Announces Executive Changes, Effective on 31 March 2025 BHP announced that its Chair, Ken MacKenzie, will retire from the Board of BHP Group Limited (BHP) on 31 March 2025. The Board has elected Ross McEwan to succeed as Chair, commencing on 31 March 2025. Ken MacKenzie joined the Board in September 2016 and has been Chair since September 2017. During this period, Ken has overseen the strategic transformation of BHP’s portfolio towards future-facing commodities, with a strong focus on safety, disciplined capital management, world-class capability and culture, and a differentiated approach to creating social value. The appointment of Ross McEwan follows a formal Chair succession process led by BHP Senior Independent Director, Gary Goldberg. Ross has been an independent Non-executive Director of BHP since 4 April 2024, and has over 30 years’ global executive experience, including in the financial services industry, with deep expertise in capital allocation, risk management and value creation in complex regulatory environments. Ross was the CEO of National Australia Bank (from 2019 to April 2024) and Group CEO of the Royal Bank of Scotland (from 2013 to 2019). Prior to that, he held executive roles at Commonwealth Bank of Australia, First NZ Capital Securities and National Mutual Life Association of Australasia /AXA New Zealand. Ross brings a strong focus on people and culture, technology and innovation and has extensive experience in capital allocation and value creation. He has worked closely with a wide range of stakeholders, including customers, governments and regulators and brings a global perspective. He has a deep understanding of organisational transformation and brings a very strong focus on the customer and technology as a driver of change. Ross is currently the Lead Independent Director of Reece Limited and a Non-executive Director on the Board of QinetiQ Group Plc. Annuncio • Jan 21
BHP Group Limited Reaffirms Production Guidance for the Fiscal Year 2025 BHP Group Limited reaffirms production guidance for the fiscal year 2025. The company is on track to deliver production in the upper half of the fiscal year 2025 guidance range at WAIO, BMA and NSWEC, as is Samarco. Fiscal year 2025 production guidance at all assets remains unchanged, with the exception of Copper SA, which has been lowered due to the impacts from the weather-related power outage. For the year, the company now expects Copper production of 1,845 kt – 2,045 kt, Iron ore production of 255 Mt – 265.5 Mt, Steelmaking coal - BMA production of 16.5 Mt – 19 Mt and Energy coal - NSWEC production of 13 Mt - 15 Mt against Copper production of 1,845 kt – 2,045 kt, Iron ore production of 255 Mt – 265.5 Mt, Steelmaking coal - BMA production of 16.5 Mt – 19 Mt and Energy coal - NSWEC production of 13 Mt - 15 Mt as previously forecasted. Annuncio • Jan 16
BHP Group Limited (ASX:BHP) completed the acquisition of 50% stake in Josemaría Project from Josemaria Resources Inc. BHP Group Limited (ASX:BHP) agreed to acquire 50% stake in Josemaría Project from Josemaria Resources Inc. for approximately $690 million on July 30, 2024. The consideration is subject to certain purchase price adjustments. The transaction is subject to completion of separate transaction. Lundin Mining shareholder approval is not required for the Proposed Transaction. Closing is expected to occur in the first quarter of 2025 subject to satisfaction of the conditions to closing. TD Securities Inc. acted as financial advisor and Stikeman Elliot LLP acted as legal advisor to BHP Group Limited (ASX:BHP).
BHP Group Limited (ASX:BHP) completed the acquisition of 50% stake in Josemaría Project from Josemaria Resources Inc. on January 15, 2025. Annuncio • Dec 19
Federal Court of Australia Serves Class Action Proceeding to BHP Group Limited BHP Group Limited has been served with a representative class action proceeding that has been filed in the Federal Court of Australia in relation to allegations of sexual harassment and sex discrimination. The claim is brought on behalf of all women who worked at BHP's Australian workplaces at any time during the period 12 November 2003 to 11 March 2024 who were impacted by the alleged conduct. The proceeding is at a preliminary stage and the amount of damages sought is unspecified. Recent Insider Transactions Derivative • Nov 06
CEO & Executive Director exercised options and sold AU$2.7m worth of stock On the 31st of October, Mike Henry exercised options to acquire 62k shares at no cost and sold these for an average price of AU$42.83 per share. This trade did not impact their existing holding. For the year to June 2018, Mike's total compensation was 25% salary and 75% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2023, Mike has owned 410.00k shares directly. Company insiders have collectively sold AU$23m more than they bought, via options and on-market transactions in the last 12 months. Annuncio • Oct 18
BHP Group Limited to Report Fiscal Year 2025 Results on Aug 19, 2025 BHP Group Limited announced that they will report fiscal year 2025 results at 8:00 AM, AUS Eastern Standard Time on Aug 19, 2025 Annuncio • Oct 17
BHP Group Limited Provides Production Guidance for the Fiscal Year 2025 BHP Group Limited provided production guidance for the fiscal year 2025. For the year, the company expects copper production to be 1,845 Kt - 2,045 Kt. Iron ore to be 255 Mt - 265.5 Mt. Annuncio • Oct 02
BHP Group Limited to Report First Half, 2025 Results on Feb 18, 2025 BHP Group Limited announced that they will report first half, 2025 results on Feb 18, 2025 Annuncio • Sep 23
BHP Group Limited, Annual General Meeting, Oct 30, 2024 BHP Group Limited, Annual General Meeting, Oct 30, 2024. Location: royal international convention centre, 600 gregory terrace, bowen hills, brisbane, queensland, Australia Annuncio • Aug 27
BHP Group Limited Announces Final Dividend for the Year Ended 30 June 2024, Payable on 3 October 2024 BHP Group Limited announced on 27 August 2024 the board determined to pay a final dividend of 74 US cents per share for the year ended 30 June 2024. The final dividend to be paid by BHP Group Limited will be fully franked for Australian taxation purposes. Ex-dividend Date JSE is 11 September 2024. Ex-dividend Date Australian Securities Exchange (ASX) and London Stock Exchange (LSE) are12 September 2024. Ex-dividend Date New York Stock Exchange (NYSE) is 13 September 2024. Record date is 13 September 2024. Payment date is 3 October 2024. Annuncio • Aug 08
BHP Reportedly to Seek Buyer for Gold, Copper Mines in Brazil BHP Group Limited (ASX:BHP) is planning to sell Brazilian copper and gold assets it acquired with the takeover of Oz Minerals Ltd., according to people familiar with the matter. The company’s acquisition of Oz Minerals in May 2023 was its biggest deal in more than a decade and included buying an untapped gold deposit and four small, but high-grade, copper-gold mines in the Brazilian state of Para. Annuncio • Jul 17
BHP Group Limited Provides Production Guidance for the Fiscal Year 2025 BHP Group Limited provided production guidance for the fiscal year 2025. For the year, the company expects copper production to be in the range of 1,845 kt to 2,045 kt, Iron ore production to be in the range of 255 Mt to 265.5 Mt and Metallurgical coal – BMA to be in the range of 16.5 Mt to 19 Mt. Annuncio • Jul 12
BHP Group Limited Announces Western Australia Nickel to Temporarily Suspend Operations from October 2024 BHP Group Limited announced that the Nickel West operations and West Musgrave project (Western Australia Nickel) will be temporarily suspended from October 2024. BHP intends to review the decision to temporarily suspend Western Australia Nickel by February 2027. The decision to temporarily suspend Western Australia Nickel follows oversupply in the global nickel market. Forward consensus nickel prices over the next half of the decade have fallen sharply reflecting strong growth of alternative low-cost nickel supply. During the temporary suspension, BHP will continue to support its workforce and local communities. BHP will invest approximately USD 300 million (AUD 450 million) per annum following completion of a transition period to support a potential re-start of Western Australia Nickel. The transition period will commence from July 2024. Operations will be suspended in October 2024 and handover activities for temporary suspension will be completed by December 2024. During the temporary suspension, BHP will: suspend mining and processing operations at the Kwinana nickel refinery, Kalgoorlie nickel smelter and Mt Keith and Leinster operations and the development of the West Musgrave project; implement a care and maintenance program of work to ensure the ongoing safety and integrity of its mines and related infrastructure; continue to invest in exploration to extend the resource life of Western Australia Nickel and preserve optionality; and offer Western Australia Nickel frontline employees another role within BHP or the choice of a redundancy and establish a AUD 20 million Community Fund to support local communities during the temporary suspension. Major Estimate Revision • Jul 11
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$1.68 to US$1.51 per share. Revenue forecast steady at US$55.5b. Net income forecast to grow 46% next year vs 24% growth forecast for Metals and Mining industry in Australia. Consensus price target broadly unchanged at AU$46.26. Share price was steady at AU$43.17 over the past week. Annuncio • Jun 01
Anglo Walks Away from BHP Deal BHP Group Limited (ASX:BHP)'s $75 billion takeover bid for Anglo American plc (LSE:AAL) is all but over after the London-based miner walked away from negotiations, saying it could not accept the structure of the BHP deal on offer. The final rejection came early on the London market, with the Anglo board saying it would not accept BHP's demand to shed its shares in its South African platinum and iron ore mines ahead of any merger agreement. BHP had earlier asked Anglo to extend negotiations for another week, as the mining giant tried to convince its smaller counterpart it could make a deal work. But Anglo's board on May 29, 2024 night (AEST) killed off any possibility of a friendly deal, saying it would not ask the UK Takeovers Panel for another week's extension to negotiations - required under UK corporations rules. The decision leaves BHP until the close of the London market to make a decision whether to make a binding takeover offer for Anglo, or to walk away. BHP had said it would not make a firm offer without being offered reasonable due diligence into Anglo's assets, and that it would not change the structure of its bid or increase the number of shares on offer. If BHP says it will not make a firm offer, it will be forced to sit on the sidelines for six months after putting Anglo into play - excluding one additional offer in the period, with the permissions of the UK takeovers authorities, or if a rival suitor makes an alternative bid for Anglo. Anglo said that BHP's attempts to win its support for the divestment of its dominant stakes in Amplats and Kumba Iron, both listed on the South African market, had consisted of a "limited number of socioeconomic measures that were confined in scope, impact and duration and that BHP stated would support regulatory approvals". "This approach does not sufficiently address the fact that Anglo American's shareholders would bear disproportionate execution and value risks and uncertainty over an extended period, nor does it consider that material conditions would likely be imposed in relation to both Anglo American Platinum and Kumba which would require the approvals of their respective board," the company said in a statement. BHP released a statement to the Australian market late on May 29, 2024, saying it had genuinely tried to address Anglo's concerns about its deal structure, which would require Anglo to shed its South African platinum and iron ore interests ahead of any broader deal, including the offer of a "reverse break fee" to allay concerns within the Anglo board at the risks of the transaction falling on its own shareholders. "BHP believes that the proposed measures it has put forward provide substantial risk protection for Anglo American shareholders and supplement the significant value uplift that Anglo American shareholders will receive from the potential combination," the company said. "BHP believes a further extension of the deadline is required to allow for further engagement on its proposal." BHP's move to get back on the front foot was aimed at ramping up pressure on the Anglo board, and was pitched directly at joint Anglo and BHP shareholders the mining giant believes want to see a deal done. On May 29, 2024, BHP released for the first time details of the raft of measures it has proposed to allay the Anglo board's concerns that its shareholders will carry the risk and costs of spinning out assets. The mining giant believed the decision will highlight its concerns that Anglo's board is using its criticism of BHP's proposed deal structure as a regulatory defence, and has no real intention of negotiating a friendly takeover agreement. Anglo rejected BHP's latest sweetened $75bn offer a week ago, dropping complaints the offer undervalued its copper and coking coal assets, but saying its board had unanimously rejected the latest bid due to concerns its shareholders would wear all of the risks of spinning out its shareholdings in Amplats and Kumba Iron. Anglo's concerns centred around not just the distribution of its dominant shareholding position in both South African-listed companies, but also around the change of ultimate control that might trigger the need to negotiate with the South African government over public interest tests. At stake is the fate of the 1800 workers in Anglo's corporate offices in the country, as well as potential requirements for an increased shareholding in Amplats and Kumba for employees under the country's black economic empowerment policy framework. On May 29, 2024, BHP said it had offered direct responses to Anglo's concerns, including offering the South African government a three-year guarantee to maintain staffing levels in the country, sharing any costs of employee share schemes, and establishing a mining centre of excellence in the country to train mine workers and to conduct research and development for BHP's global mining operations. BHP's public statements come as South Africans head to the polls in national elections that could see the ruling African National Congress forced into power sharing arrangements for the first time since the end of the former apartheid regime. 
