BHP demonstrating its winning strategy

The company is driving continued improvements by increasing the use of technology, automation, AI solutions, and BOS.

BHP Group Ltd (BHP:ASX)

on 12 May 2026, offered the following key highlights
 
Copper EBITDA contribution has more than doubled compared to FY23, reaching 51%. The company expects to deliver a 3–4% CuEq production CAGR through 2035. Over the past decade, shareholder returns have exceeded US$110 billion, with around 55% of market capitalisation returned to shareholders. There is also potential to unlock up to US$10 billion in undervalued capital. The company follows a minimum 50% dividend payout policy, along with additional returns made annually since the CAF framework was established.

Escondida’s recent performance

Concentrator throughput has grown by 13% since FY23. The company has also achieved US$1 billion in cost savings following the implementation of BOS. 

On 22 April 2026, BHP highlighted strong performance over the past nine months, including record material mined and concentrator throughput at Escondida, along with record production at WAIO.
In April, BHP Group entered a silver streaming transaction with Wheaton Precious Metals, receiving upfront proceeds of US$4.3 billion. During the same period, the company completed the divestment of its Carajás assets. In March, it submitted the Environmental Impact Declaration (DIA) permit for the Escondida New Concentrator, which forms the key component of Escondida’s growth program. Additionally, Resolution Copper, a joint venture between Rio Tinto (55%, operator) and BHP (45%), completed a land exchange in Arizona, United States.

Copper production fell 3% to 1,461 kt. However, FY26 outlook remains unchanged at 1,900–2,000 kt, with output expected to come in the upper end of the range.
Minerals exploration and evaluation spending for YTD March FY26 was US$275 million, of which US$235 million was expensed.

Major projects

Jansen Stage 1 is a major potash project involving the design, engineering, and construction of an underground potash mine and associated surface infrastructure with a production capacity of 4.15 MTPA and has a total project expenditure of US$8.4 billion.

Jansen Stage 2 is a potash project focused on the development of additional mining districts, completion of the second shaft and hoist infrastructure, expansion of processing facilities, and the addition of railcars to facilitate production of an incremental 4.36 MTPA.

At Antamina, copper production rose 19% to 116 kt, driven by planned higher feed grades and stronger operational performance. Zinc output also increased by 18% to 81 kt due to higher planned feed grades.

The company has also completed iron ore sales contract negotiations with the China Mineral Resources Group (CMRG), while FY26 production guidance remains unchanged at 251–262 Mt.

(Source: Company Announcements)