BHP seems to have a strong start for the 2025 financial year with the production up across all major commodities for the quarter. As per the official statement by BHP, Copper production was up 4% due to higher grade and recoveries at Escondida, and WAIO production was up 3% as the company unlocked capacity by completing the debottlenecking work at the port, up until 30 September 2024.
“We are also seeing signs of stabilization in our steelmaking coal business with production up 20% in the quarter, excluding the recently divested Blackwater and Daunia mines,” says BHP Chief Executive Officer, Mike Henry.
BHP is intricating possible copper growth patterns with the aimed co-partnership in Argentina. This 50/50 venture between Lundin Mining and BHP aims to take further, one of the most sizeable copper discoveries in the decades, relating high demand now for the metal that happens to be pertinent for energy transition globally.
In Canada, construction works on the Jansen Stage 1 potash project have progressed with 58% completion after a verysuccessful summer. The current projection indicates production will commence in less than two years, cementing BHP’s strategic diversification into agriculture.
BHP also mentioned the economic developments taking place in China, where a series of monetary easing policies were announced to stimulate growth. The focus of the government has been to intervene over local debt, stabilize the property market, and restore the business climate, as more fiscal stimulus could follow from here.