Financial Performance - Attributable profit for the half year ended December 31, 2024, was US$4.4 billion, a 376% increase compared to HY24's US$0.9 billion[15] - Revenue decreased by 8% to US$25.2 billion from US$27.2 billion in HY24, primarily due to lower realized iron ore and steelmaking coal prices[22] - Underlying EBITDA was US$12.4 billion, down 11% from US$13.9 billion in HY24, with an underlying EBITDA margin of 51.1%[22][25] - Free cash flow decreased by 30% to US$2.6 billion from US$3.8 billion in HY24[29] - Net operating cash flow was US$8.3 billion, a 6% decrease from US$8.9 billion in HY24[29] - Profit from operations increased by 90% to US$9,126 million from US$4,803 million in HY24[149] - Basic earnings per share rose to 87.1 cents, a 376% increase from 18.3 cents in HY24[149] - Underlying attributable profit decreased by 23% to US$5,082 million from US$6,569 million in HY24[149] - Total comprehensive income for the half year was US$5,258 million, compared to US$1,676 million in the prior year, highlighting overall financial health[183] Capital Expenditure and Investments - Capital and exploration expenditure was US$5.2 billion, a 10% increase from US$4.7 billion in HY24, with significant investment in potash and copper[17][29] - The company announced a fully franked interim dividend of US$0.50 per share, totaling US$2.5 billion, with a payout ratio of 50%[20] - BHP approved a US$4.9 billion investment for Jansen Stage 2, aiming for a total potash production capacity of approximately 8.5 Mtpa[131] - Jansen Stage 1 is 63% complete, with first production expected by the end of CY26 and an estimated capex of US$1.4 billion for FY25[137] - The Prominent Hill Operation Expansion (PHOX) project is forecasted to come online in H2 FY27 with a total investment of US$912 million[82] Debt and Cash Management - Interest-bearing liabilities decreased to US$20.2 billion from US$22.4 billion in HY24, while net debt increased to US$11.8 billion[30][31] - The Group's net debt balance is expected to increase to around the top end of the net debt target range following the completion of the Vicuña transaction and payment of the H2 Samarco settlement obligations[32] - Net debt decreased by 7% to US$11,793 million from US$12,648 million in HY24[149] - Cash and cash equivalents stood at US$9,560 million, down from US$12,501 million at the end of June 2024, indicating a tighter liquidity position[185] Production and Operational Highlights - Total copper proportion of Group Underlying EBITDA increased to 39% from 25% in HY24, driven by a 10% increase in copper volumes and higher prices[16][25] - Copper production for FY25 is estimated to be between 1,845 kt and 2,045 kt, with an average realised price of US$3.99/lb, a 9% increase from the previous year[50] - Production of copper in HY25 was 987.0 kt, a 10% increase from 894.4 kt in HY24, with Escondida production up 22% to 644.0 kt[167] - Iron ore production for HY25 was 130.9 Mt, slightly down by 1% from 129.0 Mt in HY24[167] - Steelmaking coal production decreased to 8.9 Mt in HY25, down 21% from HY24, with an average realized price of US$206.37/t, a 23% decrease[104] Market and Economic Conditions - The global economy grew at 3.2% in CY24, with a projected growth outlook of around 3% for CY25 and CY26, influenced by trade and inflation uncertainties[39] - Inflationary pressures have eased, with headline consumer inflation in Australia falling from a 7.8% peak in FY23 to within the Reserve Bank of Australia's 2-3% target range[45] Environmental and Safety Performance - Health and safety indicators showed zero work-related fatalities in HY25, with a high-potential injury frequency of 0.06, improved from 0.09 in HY24[173] Exceptional Items and Challenges - The company reported exceptional items totaling a net loss of US$666 million, primarily due to the Samarco dam failure and the temporary suspension of Western Australia Nickel operations[198]

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Core Insights - BHP Group's iron ore production increased by 1% year over year to 66.2 million tons (Mt) in Q2 of fiscal 2025, with total production for the first half reaching 130.9 Mt, also up 1% from the previous year [1][3] - The company maintained its iron ore production guidance for fiscal 2025 at 255-265.5 Mt, with expectations for Western Australia Iron Ore (WAIO) to be in the upper half of the range [2] - BHP's copper production rose significantly, with a 17% year-over-year increase to 510.7 thousand tons (kt) in Q2, and a total of 987 kt for the first half, marking a 10% increase [5][9] Iron Ore Production - WAIO's iron ore production was up 1% to 128 Mt in the first half of fiscal 2025, driven by strong supply-chain performance and record volumes at the Central Pilbara hub [3] - Samarco's iron ore production increased by 9% to 2.8 Mt in the first half of fiscal 2025, attributed to the early resumption of Pelletizing Plant No. 4 [4] Copper Production - Copper production at Escondida increased by 22% year over year to 644 kt in the first half of fiscal 2025, while Pampa Norte's output decreased by 9% due to lower cathode production [6][7] - Production from Copper South Australia was reported at 145 kt, down 2% year over year, impacted by a weather-related power outage [8] Coal Production - Energy coal production decreased by 4% year over year to 3.7 Mt in Q2, while steelmaking coal production fell by 23% to 4.4 Mt [10] - For the first half of fiscal 2025, steelmaking coal production was down 21% to 8.9 Mt, but excluding divested volumes, it was up 14% year over year [11] Price Trends - Average realized prices for iron ore dropped by 22% year over year to $81.11 per ton, while copper prices increased by 9% to $3.99 per pound [13] Peer Performance - Rio Tinto reported a 1% decline in iron ore production to 86.5 Mt for Q4 of 2024, with total output for the year at 328 Mt, also down 1% [14][15]

Core Points - BHP and Carlton Trail College have launched the BHP Potash Academy to train new entrants in the mining industry [1][5] - The inaugural cohort consists of 13 trainees who will begin their training on January 20, 2025 [1][2] - The program is an eight-month paid traineeship focused on production and maintenance technician roles at the Jansen mine site [2][3] Program Details - The training includes a combination of classroom learning, theory, and practical workshop experience [3] - Trainees will receive a Certificate in Mining Essentials and an Applied Certificate in Industrial Mechanics upon completion [3] - Successful trainees will secure permanent, full-time employment at the Jansen mine site [3] Partnership Significance - The partnership aims to bridge the gap between workforce needs and educational training [5] - It is part of a long-term collaboration between BHP and Carlton Trail College, which has previously provided pre-apprenticeship training [5] - The initiative is expected to contribute to economic growth and workforce development in the region [4][5] Workforce Opportunities - BHP anticipates around 5,500 workforce opportunities during the construction phase of the Jansen mine [6] - Once operational, the mine is expected to create approximately 900 long-term jobs [6]

Ivanhoe Electric and BHP Exploration Alliance Advance Exploration Activities in the Southwest United StatesJanuary 07, 2025 7:00 AM EST | Source: Ivanhoe ElectricA New Generation Typhoon™ Unit Dedicated to the Exploration Alliance is Conducting its First Survey in ArizonaPhoenix, Arizona--(Newsfile Corp. - January 7, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pl ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:BHP Group Limited (BHP) is a resources company. The Zacks Consensus Estimate for its current year earnings has been revised 5.9% downward over the last 60 days.Douglas Dynamics, Inc. (PLOW) is a work truck equipment manufacturer and upfitter company. The Zacks Consensus Estimate for its current year earnings has been revised 11.1% downward over the last 60 days.Helios Technologies, Inc. (HLIO) is a motion control and electronic contro ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Closes acquisition of the CentroGold Project in Brazil's prospective Gurupi Gold Belt from BHP CentroGold contains 1.7 million ounces of indicated and 0.6 million ounces of inferred JORC-compliant gold resource that is open for expansion in all directions and at depth District-scale land package comprises 47 tenements covering ~1,900 km2 and offers potential for multiple new discoveries Accretive transaction adds to GMIN's project pipeline with no upfront cost Appointment of Vincent Benoit, Managing Partne ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:ICON (ICLR) is a provider of outsourced development and services to pharmaceutical, biotechnology, medical device and government and public health organizations. The Zacks Consensus Estimate for its current year earnings has been revised 7.3% downward over the last 60 days.BHP Group Limited (BHP) is one of the world's largest diversified resource companies with operations across several continents. The Zacks Consensus Estimate for its ...

. . . Mundoro Announces New Targets for Drill Testing on BHP-Mundoro Project in Timok, Serbia October 30, 2024 6:00 AM EDT | Source: Mundoro Capital Inc. Vancouver, British Columbia--(Newsfile Corp. - October 30, 2024) - Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF) (www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce that its exploration campaign on the Trstenik project, in which BHP Exploration is earning an interest and providing sole funding, has advanced five prospective porphyry exp ...