Stock: BHP (BHP)News: Past 4 yearsAnnouncementsDividends 2024 Mar 06, 2024: BHP announces dividend BHP today announced an interim dividend of $A1.10 per share, franked to 100%. The ex-dividend date is Thursday, March 07, 2024 and the record date is Friday, March 08, 2024 and it is payable on Thursday, March 28. 2023 Aug 23, 2023: BHP announces dividend BHP today announced a final dividend of $A1.25 per share, franked to 100%. The ex-dividend date is Thursday, September 07, 2023 and the record date is Friday, September 08, 2023 and it is payable on Thursday, September 28. Feb 22, 2023: BHP announces dividend BHP today announced an interim dividend of $A1.31 per share, franked to 100%. The ex-dividend date is Thursday, March 09, 2023 and the record date is Friday, March 10, 2023 and it is payable on Thursday, March 30. 2022 Aug 17, 2022: BHP announces dividend BHP today announced a final dividend of $A2.47 per share, franked to 100%. The ex-dividend date is Thursday, September 01, 2022 and the record date is Friday, September 02, 2022 and it is payable on Thursday, September 22. Feb 16, 2022: BHP announces dividend BHP today announced an interim dividend of $A2.11 per share, franked to 100%. The ex-dividend date is Thursday, February 24, 2022 and the record date is Friday, February 25, 2022 and it is payable on Monday, March 28. 2021 Aug 19, 2021: BHP announces dividend BHP today announced a final dividend of $A2.74 per share, franked to 100%. The ex-dividend date is Thursday, September 02, 2021 and the record date is Friday, September 03, 2021 and it is payable on Tuesday, September 21. Feb 17, 2021: BHP announces dividend BHP today announced an interim dividend of $A1.30 per share, franked to 100%. The ex-dividend date is Thursday, March 04, 2021 and the record date is Friday, March 05, 2021 and it is payable on Tuesday, March 23. 2020 Aug 19, 2020: BHP announces dividend BHP today announced a final dividend of 76.57c per share, franked to 100%. The ex-dividend date is Thursday, September 03, 2020 and the record date is Friday, September 04, 2020 and it is payable on Tuesday, September 22. Changes in Board (TTM) 2023 Dec 07, 2023: BHP appoints Chief Commercial Officer BHP has appointed Rag Udd as Chief Commercial Officer. The effective date is Thursday, December 07. Sep 21, 2023: BHP Company Secretary resigns BHP Prakash Kakkad,Company Secretary has resigned. The effective date is September 20, 2023. 2022 Aug 16, 2022: BHP will appoint President BHP will appoint Geraldine Slattery as President. The effective date is Saturday, October 01. Aug 16, 2022: BHP will appoint Chief Operating Officer BHP will appoint Edgar Basto as Chief Operating Officer. The effective date is Saturday, October 01. May 19, 2022: BHP Board Update BHP announced today that Malcolm Broomhead and John Mogford will retire as non-executive directors at the conclusion of the 2022 BHP Group Limited Annual General Meeting (AGM). Mr Broomhead has been a Director of BHP since March 2010 and in 2021 the Board requested Mr Broomhead seek re-election at the 2021 AGM for a further year while the Group considered key strategic corporate transactions including unification of the corporate group and the merger of the Petroleum business with Woodside. At the time, Mr Broomhead informed the Board that he would remain on the Board until the 2022 AGM. Mr Mogford has been a Director of BHP since October 2017 and is an oil and gas expert. Mr Mogford has confirmed his decision to retire following the completion of the divestment of BHP's oil and gas assets through the merger with Woodside. Mr Mogford will step down from the role of Chair of the Sustainability Committee in June and Gary Goldberg will be appointed Chair of the Sustainability Committee. Mr Goldberg has more than 35 years' global experience in the mining industry and has been the Senior Independent Director of BHP since December 2020. BHP Chair, Mr MacKenzie said "I would like to thank Malcolm and John for their outstanding contribution to the Board and to value creation for BHP shareholders. Both Malcolm and John have showed great commitment to our ongoing success and in particular over the last 12 months where they contributed significantly as the Group successfully navigated major strategic changes including the investment in Jansen (BHP's greenfield potash project), the unification of the corporate group and the merger of the Petroleum business with Woodside. We wish them both all the best for the future. We continue to apply a robust approach to Board renewal and to focus on succession planning in 2022. As part of this process, we are delighted to have appointed Catherine Tanna and Michelle Hinchliffe to our Board earlier this year. The Board will continue to regularly assess its current skills and expected requirements for the future." Source: Company Website Feb 10, 2022: BHP will appoint Independent Non-Executive Director BHP will appoint Catherine Tanna as Independent Non-Executive Director. The effective date is Monday, April 04. 2021 Sep 02, 2021: BHP will appoint Independent Non-Executive Director BHP will appoint Michelle Hinchliffe as Independent Non-Executive Director. The effective date is Tuesday, March 01, 2022. Jul 06, 2021: BHP will appoint Company Secretary BHP will appoint John Paul Santamaria as Company Secretary. The effective date is Wednesday, July 07. 2020 Jun 17, 2020: BHP will appoint Chief Financial Officer BHP will appoint David Lamont as Chief Financial Officer. The effective date is Tuesday, December 01. May 07, 2020: BHP Group will appoint Independent Non-Executive Director BHP Group will appoint Dion Weisler as Independent Non-Executive Director. The effective date is Monday, June 01. May 07, 2020: BHP Group will appoint Independent Non-Executive Director BHP Group will appoint Xiaqun Clever as Independent Non-Executive Director. The effective date is Thursday, October 01. Press Releases 2023 Dec 02, 2023: How $100 billion mining giant Rio Tinto is poised to benefit from the EV boom Copper mines like Rio Tinto's Bingham Canyon mine on the outskirts of Salt Lake City are on the frontline of America's transition to clean energy. Global demand for copper, a major component of electric vehicles, is expected to grow from 25 million metric tons to nearly 49 million metric tons by 2035, according to S&P Global. But miners face a multitude of issues as they ramp up production, including addressing the concerns of local stakeholders, mitigating environmental damage and operating in remote regions of the world. "There's going to be a real problem with this transition over the next ten years," said Tyler Broda, metals and mining analyst for RBC Capital Markets. "It is very, very hard for these companies to even maintain the level of production that they have at the moment." Jointly based in Australia and the UK, Rio Tinto is one of the world's largest mining companies with projects in 35 countries. It has 17 iron ore mines in Western Australia that produce material used in steel, as well as mines that produce aluminum, diamonds, and boron, a component used in smartphones. So what is Rio Tinto doing to ramp up production of its critical minerals business? CNBC got a behind the scenes look at Rio Tinto's Utah operation to find out. Source: CNBC Sep 04, 2023: BHP : Outlook Outlook Total Copper production of between 1,720 and 1,910 kt is expected in FY2024. Escondida production of between 1,080 and 1,180 kt is expected in FY2024, reflecting both an expected increase in concentrator feed grade and concentrator throughput compared to FY2023. Spence production of between 210 and 250 kt is expected in FY2024, with planned higher concentrator grade and concentrator throughput but lower stacking grade for cathodes. Cerro Colorado continues to transition towards planned closure by December 2023, with production for the six months until closure expected to be approximately 9 kt. Copper South Australia production of between 310 and 340 kt is expected in FY2024 and will include the transfer of small volumes of copper concentrate from Prominent Hill to Olympic Dam for processing. Antamina copper production of 120 to 140 kt and zinc production of between 85 and 105 kt is expected in FY2024. Escondida unit costs in FY2024 are expected to be between US$1.40 and US$1.70 per pound (at an exchange rate of USD/CLP 810). Spence unit costs in FY2024 are expected to be between US$2.00 and US$2.30 per pound (at an exchange rate of USD/CLP 810). Source: Annual report Sep 04, 2023: BHP : Chairman's Statement Chair's review Dear Shareholders, I am pleased to provide BHP's Annual Report for FY2023. In FY2023, we achieved strong performance and made progress towards our social value and sustainability commitments, targets and goals. However, these achievements were overshadowed by the tragic deaths of our colleagues Jody Byrne at our Western Australia Iron Ore (WAIO) operations and Nathan Scholz at Olympic Dam during the second half of the year. Our investigation into Jody Byrne's death at WAIO has been completed and the findings shared with industry peers. Our investigation into Nathan Scholz's death at Olympic Dam is ongoing. We are determined to learn from these events and prevent them from happening again. Our priorities During FY2023, our key priority areas were safety, culture and capability, capital discipline, portfolio and social value. I met with many of our shareholders and visited sites in Australia, Singapore, Chile and Brazil where I had the opportunity to engage with our workforce, suppliers, customers, local communities and Indigenous partners. These discussions reinforced the work we have been doing across these priority areas. I am confident our ongoing delivery against these key areas will position BHP to continue to grow long-term value for our shareholders and create social value with our partners and stakeholders. Safety and culture The safety of our people is our highest priority. I am deeply saddened by the deaths of Jody Byrne and Nathan Scholz, and I offer my condolences to their family, friends and colleagues. Our commitment to the goal of zero fatalities and serious injuries at BHP remains unwavering and, following these tragic events, we have enhanced the organisation's focus on the execution of our safety systems and processes in the field and strengthened our control environment. We continue to drive the safety culture needed to eliminate fatalities and serious injuries at BHP. Our commitment to safety includes addressing sexual harassment, racism and bullying in our workplaces. We are determined to eliminate these harmful behaviours at BHP. There is more to do and we are committed to providing a safe, inclusive and diverse workplace culture where our people can perform at their best. We know that inclusive and diverse teams are safer and more productive. We are on track to achieve our aspirational goal for a gender-balanced workforce by the end of FY2025 and have doubled the representation of women since CY2016 when we set our gender-balance goal. Portfolio Our objective is to position BHP's portfolio of commodities to create value for today and the future. We have reshaped our portfolio to align with the global megatrends of decarbonisation, electrification, urbanisation and a rising population. Mining is essential for decarbonisation and the energy transition. The world needs copper for renewable energy, nickel for electric vehicles, and iron ore and higher-quality metallurgical coal for steel to build new infrastructure. And we're moving into potash, which will be vital to food security and more sustainable farming to support a growing population. BHP has a world-class portfolio of assets that stands to benefit from the increased demand generated from the global megatrends unfolding around us, and we have made changes to our portfolio this year to further align to these megatrends. We acquired OZ Minerals in May 2023, adding complementary copper and nickel assets in Australia to Olympic Dam and Nickel West. We are consolidating our metallurgical coal portfolio to focus on higher-quality coals preferred by our steelmaking customers and the Jansen Potash Project in Canada is progressing, with first production now expected in late CY2026. Delivering value Our Capital Allocation Framework is used to assess the most effective and efficient way to deploy capital and is embedded in our decision making at BHP. In FY2023, through our Capital Allocation Framework, we were able to deliver substantial shareholder returns and create financial and social value for our partners and stakeholders. The Board determined dividends totaling US$8.6 billion to shareholders for the year, taking the total amount in cash dividends for the past three years to over US$40 billion. In addition to the value delivered to our shareholders, we created significant financial value in the communities where we operate through payments to suppliers, wages to our employees, community contributions and taxes and royalties paid to governments. In FY2023, our total economic contribution was US$54.2 billion, including US$2.6 billion to local suppliers who support our operations by providing goods and services. We also delivered tangible social value outcomes in each of the six pillars of our social value framework. Our social value pillars are focused on: decarbonisation, the environment, Indigenous partnerships, workforce, communities and supply chains. Key highlights in FY2023 included: - We are working with our steel manufacturing customers to develop solutions to help them reduce their greenhouse gas emission intensity, and have collaborative partnerships with seven major steelmakers, which together represent a total of approximately 19 per cent of reported global steel production according to recent World Steel Association data. Through these partnerships, we are supporting the industry to develop technologies and pathways that have the potential to reduce the GHG emission intensity of steelmaking. - We released our updated Reconciliation Action Plan (RAP) in Australia, which was recognised with 'Elevate' status from Reconciliation Australia, which is provided to organisations with a proven track record in respectful engagement with Aboriginal and Torres Strait Islander peoples. The RAP was developed in partnership with many Aboriginal and Torres Strait Islander businesses, communities and peak bodies across Australia. - We are making progress against our social value metrics for Indigenous workforce participation. BHP is the largest Indigenous employer in the Australian resources sector and we have increased Indigenous employment in our operations in Chile and at our Jansen Potash Project in Canada. Board evaluation and governance review Our structured and continuous Board succession and renewal process allows the Board to continue to be fit for purpose and have a balance of experience and fresh perspectives. As part of the renewal process, John Mogford and Malcolm Broomhead retired from the Board in October 2022 and November 2022, respectively. I would like to thank John and Malcolm for their outstanding contribution to the Board and commitment to value creation for BHP shareholders. In FY2023, an external evaluation of the Board was carried out to assess the performance and effectiveness of the Board and its Committees. Separately, we reviewed the Board and Committee responsibilities and refreshed the Board and Committee governance documents to streamline our governance approach, including on key matters such as climate, technology and people. Conclusion BHP will face challenges and uncertainty in FY2024. Cost inflation is expected to remain in the short to medium term and the changing geopolitical landscape is impacting global markets. I believe BHP is well positioned to successfully navigate these challenges and continue to create value for shareholders and broader communities, customers, suppliers and partners. We have built a global business that can make the most of the many opportunities before us. It's an exciting time to be at BHP. Jun 23, 2023: BHP: Review of employee allowances and entitlements BHP has identified issues with certain allowances and entitlements affecting a number of its current and former employees in Australia. A preliminary review suggests that certain rostered employees across our Australian operations have had leave incorrectly deducted on public holidays since 2010. There are approximately 28,500 affected current and former employees with an average of 6 leave days in total that have been incorrectly deducted from affected employees over this 13 year period. Initial investigations also suggest that OZ Minerals has been affected by a similar leave deduction issue before being acquired by BHP in May 2023. In addition, BHP has identified that approximately 400 current and former employees at Port Hedland are entitled to additional allowances due to an error with the employment entity in their contract. Based on currently available information, it is estimated that the cost of remediating the leave issue and the contracting issue will be up to US$280 million pre tax, incorporating on costs including associated superannuation and interest payments (BHP share). BHP is continuing to investigate and an update will be provided in our full year results in August. Geraldine Slattery, President Australia said: "We are sorry to all current and former employees impacted by these errors. This is not good enough and falls short of the standards we expect at BHP. We are working to rectify and remediate these issues, with interest, as quickly as possible." Protiviti, a global assurance firm, has been engaged to conduct a thorough review of our payroll systems. BHP will contact affected current and former employees regarding remediation as soon as possible and a dedicated hotline and website will be established to provide assistance from Friday. Source: Company Website Jun 23, 2023: BHP releases Reconciliation Action Plan BHP has today released its sixth Reconciliation Action Plan (RAP), which was developed in partnership with many representatives from Traditional Owner groups, Aboriginal and Torres Strait Islander businesses, organisations, communities and peak bodies across Australia. The RAP outlines the company's approach to respectful engagement and agreement-making, cultural understanding, economic and community development, and advocacy to advance national reconciliation and the interests of Aboriginal and Torres Strait Islander peoples. The new RAP was developed through an extensive consultation process involving nine forums over eight months held across every region BHP operates in, with approximately 1,000 internal and external partners across Australia. BHP's President Australia Geraldine Slattery said: "We are humbled and grateful for the commitment that so many people made to share their time and voices with us. This Reconciliation Action Plan is intended to capture the essence of those voices and support ongoing partnerships based on trust and mutual benefit." "We know this is only one step forward in a long journey towards reconciliation, and that we have our own important role to play in acknowledging the past, understanding the present and creating a shared vision for the future." The BHP RAP FY23-2027 has been recognised with 'Elevate' status from Reconciliation Australia, which is provided to organisations with a proven track record in respectful engagement with Aboriginal and Torres Strait Islander peoples and taking a leadership role to advance national reconciliation and create a more equitable Australia. Reconciliation Australia chief executive Karen Mundine said: "Elevate RAP organisations are expected to be key leaders of the reconciliation movement, committed to driving systemic change at scale. BHP has met this expectation; not just in the actions within their successive RAPs but most recently in the process of the latest RAP's creation." BHP hosted an event at Kaarta Koomba (Kings Park) in Perth to recognise and thank the many people who contributed to the RAP, including representatives from Traditional Owner groups in Western Australia, South Australia, New South Wales and Queensland, along with national Indigenous peak bodies and business, social and investment partners. BHP was the first corporate partner of Reconciliation Australia in 2002, and published its first RAP in 2007. Source: Company Website May 30, 2023: BHP and Microsoft use AI to lift Escondida copper recovery A new collaboration between BHP and Microsoft has used artificial intelligence and machine learning with the aim of improving copper recovery at the world's largest copper mine. The use of new digital technology to optimise concentrator performance at BHP's Escondida operation in Chile is expected to improve copper recovery. BHP Chief Technical Officer Laura Tyler said by augmenting new digital technology capabilities with new ways of working, the team at Escondida is well-positioned to generate more value from an existing resource. "We expect the next big wave in mining to come from the advanced use of digital technologies. As grades decline at existing copper mines and fewer new economic discoveries are made, next-generation technologies like artificial intelligence, machine learning and data analytics will need to be used to unlock more production and value from our existing mines," she said. BHP estimates the world would need to double the amount of copper produced over the next 30 years, relative to the past 30, to keep pace with the development of decarbonisation technology such as electric vehicles, offshore wind and solar farms assumed under its 1.5 degree scenario1. "We are excited to partner with BHP on this transformative project that demonstrates the power of AI, machine learning and cloud technologies", said John Montgomery, CVP, AI Platform at Microsoft. By using real-time plant data from the concentrators in combination with AI-based recommendations from Microsoft's Azure platform, the concentrator operators at Escondida will have the ability to adjust operational variables that affect ore processing and grade recovery. BHP is a top three global producer of copper and has the largest copper endowment of any company globally2. BHP has operated Escondida, an open-cut mine located in the Atacama Desert in the Antofagasta Region of northern Chile, for over 30 years. Source: Company Website May 16, 2023: Events Calendar: Bank of America Securities 2023 Global Metals, Mining & Steel Conference BHP CEO, Mike Henry, presented at the Bank of America Securities 2023 Global Metals, Mining & Steel Conference today at 9:00am Central European Summer Time (5:00pm Australian Eastern Standard Time). Source: Company Website May 10, 2023: Events Calendar: BHP: Edgar Basto speech at Austmine Conference 2023 I'd like to start by acknowledging the Kaurna peoples of the Adelaide plains, on whose traditional lands we are gathered today. I pay my respects to their elders, past and present, and their leaders of the future. We respect their spiritual relationship with Country and extend that respect to all First Nations Peoples here with us today. In many places where BHP operates, including South Australia, we do so on or close to the traditional lands of First Nations peoples. Here in Australia, we are the largest resources sector employer of Indigenous Australians and a major supporter of Indigenous-owned businesses. We support the goals of the Uluru Statement including its call for a Voice to Parliament. South Australia has taken significant steps to be the first state to enact a First Nations Voice, and I congratulate the South Australian Parliament on that meaningful achievement. I'm very excited to be here today. This is a time of real opportunity both for our industry and for South Australia. I'd like to acknowledge and thank the Deputy Premier, The Honourable Susan Close MP, for her opening remarks. I also want to extend a very warm welcome to my new colleagues in the audience. Last week BHP completed its acquisition of OZ Minerals and welcomed the team into BHP. This was a huge moment for BHP; our first acquisition in a decade. We are excited to join with OZ Minerals - a company that is a great example of 'Made in South Australia'. After 33 years in the industry, I can say for sure that the opportunity we have in front of us is unique To come together, learn from each other and create a future that will benefit our people, local businesses, Traditional Owners and the South Australian economy. To my new colleagues here today, welcome, I'm thrilled to see you here and passionate about the journey we have just begun together. Before I go further, I want to take a moment to reflect on the most important thing in our industry, safety. Two weeks ago, safety had a very real and human face for us. On Anzac Day, our colleague Nathan Scholz died in an incident on an access road at Olympic Dam. Right now, our focus is to make sure Nathan's family, friends and colleagues are supported. They will feel this loss forever. It is important that we understand what happened and learn from it. We are working with the relevant authorities - and undertaking our own investigation. As all of us here spend the next two days thinking and talking about the future of mining, we should also reflect on safety, and ask ourselves - are we doing enough to make sure our people go home safe every day? Today, I want to talk about the opportunities ahead of us - particularly here in South Australia. The world will need more copper to power the global energy transition - a lot more. We expect global demand for copper to increase significantly as the world transitions to lower carbon sources of energy powered by more solar panels and wind turbines. South Australia is home to some of the world's best - and certainly Australia's best - copper resources. It is a wonderful place to work and do business. There is enormous talent and technical ability here in SA. The State Government supports the development of innovation and industries that can be globally competitive and more sustainable for the environment and for communities. I'd like to share some of BHP's activities in this area. We continue to support work on the Northern Water Supply Project - and we see this as important to our future success. We have in front of us the opportunity to create a new copper province for South Australia that is globally first class. It can bring new jobs, new skills, local business opportunities and economic growth for this State. But it will require us all to step up. This is a global competition. As global demand for copper increases, global competition for investment, to meet that demand is also heating up. We are seeing this in places like the US and Canada, which have brought in new policies and strategies to attract major investment in critical minerals. Here and now, we are facing the battles of inflation and pressures on global supply chains - fuel costs, shipping costs, labour costs. Every copper producer globally is facing these same challenges. Here in Australia, we will have to fight harder. South Australia is well placed and is match fit. It knows how to compete with global players - and carve out its expertise - in industries such as aquaculture, in defence, wine, space technology and in health. In mining, we must continue to work in collaboration with the government, our Traditional Owner partners, and local communities to realise our potential. So, let's talk about opportunities. At BHP, we are particularly focussed on "future-facing commodities". These are resources that can help meet the demands of decarbonisation, electrification, and population growth. The world needs good companies to develop these resources and that presents a huge opportunity for us and for the entire industry. The demand for copper is on the rise. The world will need more copper to accelerate the energy transition. To take just one example, we estimate that electric vehicles - or EVs - could account for nearly 60 per cent of global annual car sales by 2030 and nearly all sales by 2050. EVs use around three to four times more copper than petrol-based cars. We often associate EV batteries with nickel and lithium, but they also require more copper - around three to four times more than an Internal Combustion vehicle. BHP is already a top three global producer of copper. We have operated Escondida in Chile, the largest copper mine in the world for more than 30 years. I was the President at Escondida for several years, so I can give you a sense of how big it is. Every year, Escondida mines enough material to fill the Adelaide Oval to the roof 80 times, and produces enough copper to produce around 12 million electric vehicles. Globally, BHP has the largest copper endowment of any company, based on ownership interest. In South Australia we have Olympic Dam, which is one of the world's most significant deposits of copper, gold, silver and uranium. Olympic Dam is a fully integrated processing facility from ore to metal. We also added to our copper assets in SA with the acquisition of OZ Minerals, bringing their mines at Carrapateena and Prominent Hill into our portfolio. And, in March, we received environmental approval for our next phase of exploration at Oak Dam, which is around 65km southeast of Olympic Dam. Oak Dam is an exciting prospect and potential growth option. We're undertaking further exploration to better define the resource and inform our future planning. Anyone who is familiar with the geography of the Gawler Craton will at once see the opportunity that all of this presents. We have three existing mines that are attractive in their own right, but if we start to look at them together, we see the longer-term opportunities and potential synergies to build a copper province that could put SA on the global copper map. The integration of these new assets into BHP is part of my portfolio and I spent a lot of my time last week at those sites meeting with the teams there. Right now, I'm focussed on three core objectives. Firstly, delivering safe and reliable operations at Olympic Dam, Prominent Hill and Carrapateena. Secondly, integrating the BHP and OZ Minerals businesses with a focus on people and culture. And thirdly, developing options to build a copper province here in South Australia. I have said I'm 'excited' many times in the past week because I truly am. The way in which our new colleagues innovate is something we want to learn from - that's why people and culture is at the heart of our approach to integration. By combining BHP and OZ Minerals' assets, and the skills and technical expertise of our people - we can build something that is greater than the sum of our parts. A South Australian copper province is an exciting opportunity. It has potential for all of us here today, as the State Government has set out in their copper strategy. The local industry, the communities, our partners in the government. And, of course, the Traditional Owners of the lands on which the province will operate, are important partners in this endeavour. It's also about the potential for the next generation of people who will enter this industry. I know the government is focussed on supporting high-skilled jobs in South Australia and that's a commitment that we share. I'm deeply passionate about new people joining our industry, and taking opportunities to grow and pursue rewarding careers. We're investing heavily in skills and training. At the end of 2020 we pledged to fund 2,500 new trainee and apprenticeships across Australia over the next five years. To date, we've welcomed 800 new students and more than 350 have graduated. In South Australia, we established the Olympic Dam Underground Mining School of Excellence, to create new opportunities for people without experience in mining. Around 300 people complete the program each year and enter into roles at Olympic Dam. Our people are paid to train and move into roles with BHP when they graduate. These programs, in addition to our graduate and intern programs, ensure that we're reaching all the big thinkers and bright minds to open up opportunities here in SA. This is not an overnight endeavour, and we can't do it alone. There is value here for everyone and our collective effort will help us seize this opportunity for SA and for Australia as a whole. We will listen and learn from our stakeholders and approach this challenge in partnership. We recognise we haven't always got it right in the past. But we are committed to working together to create a future that benefits us all. At both state and federal level, government and the industry need to work together so the policy choices and investments we make will support Australia's prosperity, and importantly, support South Australia to compete in the global marketplace. Let me provide some global perspective. According to Geoscience Australia, Australia is ranked number 2 in the world for copper resources but number 8 in the world for mined copper production. Last year, BHP produced more than 1.5 million tonnes of copper globally. This year, we expect to produce around 200 thousand tonnes from Olympic Dam. And, around 115 thousand tonnes from Carrapateena and Prominent Hill. Here in South Australia, we have nearly 70% of Australia's copper resources but we produce just under 30% of Australia's mined copper production. The Gawler Craton has huge un-tapped potential just imagine for a moment that we can develop a mining hub centred around a smelter that brings even more of SA's high quality copper to global customers. It's an exciting prospect. The world needs more copper supply to be brought to the market more quickly. We are part of the start of that supply chain. We must grow the supply of these commodities safely and more sustainably. We are committed to working with governments and other stakeholders to drive better performance in water stewardship, biodiversity and Indigenous cultural heritage. Here in South Australia, one of the challenges facing greater development in the Gawler Craton is the potential impact on local water resources. We are working closely with the South Australian government on the Northern Water Supply project. This would reduce the reliance on the Great Artesian Basin and the River Murray, and provide a sustainable source of water for a range of industries, supporting more jobs and investment in the region. In the technology and innovation space, our Innovation team is actively testing new ways of finding and extracting copper. We are looking at technologies to improve efficiency in metal recovery, reduce environmental footprints and conserve water. For example, this year we'll be executing the largest ever hard rock 3D seismic survey to explore and define our resources quicker. In partnership with some new startups and tech firms, we're testing new ways of breaking and separating mineral particles, to reduce energy consumption and improve throughput of our mills, which are a high energy consumer for the Olympic Dam operation. The Carrapateena team partnered with Australian companies on a world first trial to use battery electric trucks for heavy haulage across long distances. The batteries being trialled can be exchanged within five minutes and retrofitted into any prime mover to reduce greenhouse gas emissions when combined with power from renewable or other low carbon sources. Who knows this could potentially be the future of modular batteries on all mine sites! The opportunity in front of us is huge. I see the potential for great prosperity as we collaborate to discover the commodities of the future faster, more efficiently and more sustainably than ever before. There is an exciting path ahead. South Australia has the potential to be a global leader in the race for critical minerals. I hope that you all share my excitement about this potential. And I hope I leave you with a sense of determination to capitalise on this opportunity, safely and sustainably. Source: Company Website May 04, 2023: BHP case study a first for natural capital accounting in mining In a first for the mining industry, BHP has published a pilot case study on the application of natural capital accounting principles in the mining sector. The 'Natural Capital Accounting for the Mining Sector: Beenup Site Pilot Case Study' (Beenup Case Study), based on a case study at BHP's closed and rehabilitated Beenup Mineral Sands site in southern Western Australia, is the first attempt at trialling natural capital accounting within the mining industry. Natural capital accounts are a way to measure the amount, condition and value of environmental assets, helping to describe changes in ecosystems and how they could impact wellbeing and economies. BHP Chief Legal, Governance and External Affairs Officer, Caroline Cox, said BHP's aspiration is to contribute to 'nature positive' outcomes, with the goal of having at least 30 per cent of the land and water it stewards, approximately two million hectares, under conservation, restoration or regenerative practices by 2030. "We know that objectively measuring our progress and understanding the impacts of our efforts will only be possible using tools such as natural capital accounts. Our Beenup Case Study provides important insights, so we're pleased to share it and engage with others on the development of natural capital accounting within the industry." BHP Vice President Environment, Anne Dekker, said tools like natural capital accounting would enable better decision making for sectors of society who are working to halt and reverse current trends in nature loss by 2030. "When we look at the case study's findings we see some expected outcomes from mine rehabilitation activities, such as increases in species and habitat, but also a couple of outcomes that were not part of the original rehabilitation design, such as a net gain in carbon storage and significant improvement in quality of water that flows through the site from local pastoral operations to environmental receptors and communities downstream. "So, the case study has really given us a foundation for considering how we can evolve natural capital accounting concepts for mine sites and sets us up to take the next steps, such as applying them at our operational sites and working with others to apply them within the industry more broadly." BHP selected the closed and rehabilitated Beenup site for the pilot case study as it enabled retrospective tracking of different land use scenarios over a period of time, was supported by a rich knowledge bank and the rehabilitation planning had nature-positive outcomes as an early intent. Source: Company Website May 03, 2023: BHP and Rio Tinto invite collaboration on new tailings technologies BHP and Rio Tinto are inviting expressions of interest from technology providers, equipment manufacturers, reagent suppliers, startups and research groups across the globe with innovative ideas and technologies to help improve tailings dewatering and management performance. The global miners aim to jointly identify a portfolio of tailings management partners with whom they can work to accelerate the development of technologies that could increase water recovery and reduce potential safety risks and environmental footprints associated with tailings storage facilities. The search for new partners comes as the two companies have now entered into a new agreement to extend their collaboration beyond the previously announced trial of a large-volume tailings filter unit at a BHP copper mine in Chile. BHP Head of Sustainability Innovation Ingrid Oyarzun said: "There are so many innovative thinkers out there and we want to bring them in as partners to help us improve in this critical area for safety and sustainability of our operations." Rio Tinto Chief Advisor Research and Development Saskia Duyvesteyn said: "We want to tap into the wealth of great ideas and innovations we know are out there and work together to find ways to improve safety and reduce the environmental footprint of tailings facilities." Tailings management includes tailings dewatering and transport technologies, chemical amendment, and dust mitigation. Ideas and technologies considered may be market ready for mining, involve technologies previously applied in other industries, or may be original ideas at earliest stages of research and development. Interested parties are invited to obtain further information about the process and submit their expression of interest in becoming involved by visiting the following portal: www.tailingsopencall.com Source: Company Website Apr 29, 2023: BHP: Fatal incident at Olympic Dam All of us at BHP are deeply saddened by the passing of our colleague Nathan Scholz as a result of an incident on a surface access road at Olympic Dam in South Australia on 25 April. Nathan was 25 years old and worked for Exact Mining Services, a contracting partner to BHP. Our deepest sympathies are with Nathan's family, friends and colleagues, and our primary focus is supporting them at this difficult time. We are working with South Australia Police and SafeWork SA to understand what happened and support their investigations. BHP is also conducting its own investigation. Source: Company Website Apr 21, 2023: BHP Operational Review for the nine months ended 31 March 2023 "Safety is paramount, and we are deeply saddened by the tragic death of Jody Byrne in an incident at Port Hedland in February. An investigation into the cause of the incident is underway, the findings of which will be shared widely. Our WA iron ore business achieved record production, and total copper output for the Group was up for the nine months, while metallurgical coal volumes were down slightly due to significant wet weather. Overall copper production for the year remains on track, however we've reduced production guidance at Escondida and also at Nickel West. We continue to focus on safety, productivity and costs as we navigate ongoing challenges and inflationary impacts. "Last week, OZ Minerals shareholders voted overwhelmingly in favour of BHP's offer. We are now focused on the safe integration of the two businesses and we look forward to building an internationally competitive copper business in South Australia and incorporating West Musgrave into our nickel options in Western Australia. We are pursuing growth options in copper and nickel globally - we aim to have up to 10 drill rigs on the ground at Oak Dam in South Australia in the next few months and have seen promising results from a potential new copper prospect in Arizona. In Canada, we signed $260 million (CAD) in new contracts with Indigenous suppliers in March, and construction of the Jansen potash project is on track. Recent engagements with customers in China and India have reaffirmed our positive outlook for commodity demand, with China's economic rebound and solid momentum in India's steelmaking growth helping to offset the impact of slowing growth in the US, Japan and Europe." Source: Company Website Apr 19, 2023: BHP calls for public-private agreement to promote an investment climate in Chile The President of BHP Americas, Rag Udd, spoke at the World Copper Conference and called for a broad public-private agreement to enable new long-term investments in the mining sector in Chile, guaranteeing faster permit delivery and ensuring regulatory and fiscal certainty. In a panel discussion with other mining company executives, Rag Udd addressed the urgent need to reduce investment uncertainty so that the industry can keep developing capital-intensive projects that can continue to contribute to the country's development. On the mining tax adjustments, Rag Udd pointed out that "we know that the mining industry can contribute even more to the sustainable development of the country and we are willing to do so". However, he said that "we respect the dialogue with authorities, but the proposed royalty will position Chile in an uncompetitive place in comparison to other mining jurisdictions". The executive discussed the situation of the permits required to develop mining projects. "I would like to address to our authorities who support us in the sustainable growth of mining, which needs a pro-investment environment." He also emphasized that the reform to the environmental evaluation system should develop more modern tools, predictable and that provide certainty for the construction of large scale mining projects, while also including higher environmental standards. He also asked to speed up the permitting process. "It is urgent to speed up the permitting process. Under any circumstances this means reducing the environmental standards of mining projects. On the contrary, at BHP we are aiming for higher industry standards, which we are already implementing." Regarding Chile's projection as a world leader in the copper industry, Rag Udd warned about the possible loss of Chile's competitiveness if compared with other mining jurisdictions. He added that "BHP has the largest copper production in the world today and our portfolio is designed to compete in this complex but opportunity-rich environment. And copper is well positioned to prosper." Source: Company Website Apr 17, 2023: BHP: Court approves OZ Minerals scheme of arrangement BHP is pleased to announce that the Federal Court of Australia (the Court) today made orders approving the scheme of arrangement for BHP Lonsdale Investments Pty Limited, a wholly owned subsidiary of BHP Group Limited, to acquire 100% of the shares in OZL (the Scheme). It is expected that the Scheme will become effective on 18 April 2023 on lodgement of the Court's orders with the Australian Securities and Investment Commission and OZL shares will be suspended from trading on the ASX from the close of trading on that day. The Scheme is expected to be implemented on 2 May 2023. OZL's shareholders will be paid total cash consideration of A$28.25 per OZL share, comprising: the scheme consideration paid by BHP of A$26.50 for each OZL share held at the scheme record date, which is 7:00pm on 24 April 2023; and a fully franked special dividend paid by OZL of A$1.75 for each OZL share held on the special dividend record date, which is 7:00pm on 21 April 2023. The cash payment by BHP will be funded using a combination of BHP's existing cash reserves and the proceeds of a debt facility. Source: Company Website Apr 13, 2023: BHP: OZ Minerals shareholders vote in favour of scheme of arrangement BHP is pleased to announce that OZ Minerals Limited (OZL) shareholders today approved the scheme of arrangement for BHP Lonsdale Investments Pty Limited, a wholly owned subsidiary of BHP Group Limited, to acquire 100% of the shares in OZL (the Scheme). The Scheme still requires the approval of the Federal Court of Australia. OZL is expected to apply for court orders approving the Scheme on 17 April 2023. If approved by the Court, the Scheme is expected to become effective on 18 April 2023 and be implemented on 2 May 2023. Source: Company Website Mar 16, 2023: BHP: Update - United Kingdom group action BHP notes recent media commentary regarding the addition of new claimants to the United Kingdom group action complaint related to the Fundao Dam collapse. BHP Group Limited and BHP Group (UK) Limited (formerly BHP Group Plc) are defendants to a group action brought by claimants in the English High Court seeking damages for alleged losses in relation to the Fundao Dam collapse in 2015 (the English Proceedings). The Fundao Dam was owned and operated by Samarco Mineracao 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 (Vale). BHP Brasil and Vale each hold a 50 per cent interest in Samarco. BHP filed its defence to the English Proceedings in December 2022 and denies the claims in their entirety. On 25 February 2023, a further claim was filed to add approximately 500,000 new claimants to the English Proceedings. Full details of the claims have not been received and the amount of damages sought in the English Proceedings remains unspecified. As noted in BHP's results for the half year ended 31 December 2022, the Group's provision related to the Samarco dam failure is US$3.122 billion as at 31 December 2022. Further details of the Group's provisions and contingent liabilities related to the Fundao Dam collapse are also set out in BHP's financial statements for the full year ended 30 June 2022. Given the status of the English Proceedings, it is not possible to provide a range of possible outcomes or a reliable estimate of potential future exposures to BHP in connection with these proceedings. BHP will continue to defend the English Proceedings which it believes are unnecessary because they duplicate matters already covered by the existing and ongoing work of the Renova Foundation and legal proceedings in Brazil. All claimants have avenues in Brazil to resolve any potential claims including avenues established through the Brazilian Courts. BHP Brasil remains fully committed to supporting the extensive ongoing remediation and compensation efforts in Brazil through the Renova Foundation. The Renova Foundation has spent R$28.1 billion (approximately US$5.9 billion) on comprehensive remediation and compensation programs to 31 December 2022. This includes over R$13.5 billion (over US$2.6 billion) paid in indemnities and emergency financial assistance to approximately 410,000 people. In addition, approximately 70% of the resettlement cases for the communities impacted by the Fundao Dam collapse have been completed. Source: Company Website Mar 07, 2023: BHP: A billion reasons to celebrate for 1,600 small businesses across Australia BHP's Local Buying Program has reached a major milestone with more than A$1 billion spent with small, local and Indigenous businesses across regional Australia. Since its launch in 2012, the program has helped nearly 1600 small businesses become part of the BHP supply chain, involving over 67,000 work packages with an average payment period of seven days. BHP President Minerals Australia, Geraldine Slattery said: "More than $1 billion spent through BHP's local buying program is a huge milestone. BHP depends on the capability and talent of the many small, local and Indigenous businesses who support our operations across Australia. It's been wonderful to see them flourish as we forge new and deeper partnerships together. "Local businesses are vitally important to BHP's success, and to the capacity of regional Australian communities to create and sustain jobs. We look forward to seeing our local buying program go from strength to strength. "Small, local and Indigenous businesses have a wonderful opportunity to be at the forefront of modern sustainable mining, helping to drive their regional economies forward and produce the critical minerals needed for the energy transition." A partnership between BHP and C-Res, the Local Buying Program makes it easier for small business owners to competitively bid for supply opportunities through a streamlined onboarding, procurement and payment process that includes 7-day payment terms or less. Small businesses also have greater access to work opportunities with BHP through a central online directory. BHP Chief Commercial Officer, Vandita Pant said: "Our business and our industry plays a vital role in keeping local economies strong, generating opportunities, and providing jobs. Every day we work with thousands of our supply partners to deliver great outcomes. A milestone such as this is a testament to our commitment to building relationships based on mutual benefit and one that will continue to grow for many years to come." C-Res CEO, Tracey Cuttriss-Smith said: "To see A$1 billion paid out to small local and Indigenous businesses in just over 10 years of operation, is something that we never could have imagined. This money has helped businesses grow, helped sponsor sports teams and helped provide jobs and opportunities for community members. We look forward to continuing our partnership with BHP as we work towards the next A$1 billion." Originally established to support local businesses surrounding the BHP Mitsubishi Alliance in Queensland, the program's success has seen it expanded to all BHP's Australian assets, as well as being replicated for its Minerals America operations. BHP's total economic contribution in Australia was A$79.3 billion in FY2022, including A$16.5 billion in payments made to suppliers for the purchase of utilities, goods and services. Source: Company Website Feb 24, 2023: BHP prices US bond offer BHP Group Limited (BHP) has conducted an offer and successfully priced US$2.75 billion of senior unsecured bonds in the US market. The bonds will be issued by BHP Billiton Finance (USA) Limited, a wholly owned subsidiary of BHP, under BHP's US debt registration statement which was filed with the US Securities and Exchange Commission on 22 February 2023. The bonds will be guaranteed by BHP. The offering comprises three tranches of bonds. The principal amount, tenor and coupon for each tranche of bonds are: US$1.0 billion in three-year bonds priced at a fixed coupon of 4.875% maturing on 27 February 2026 US$1.0 billion in five-year bonds priced at a fixed coupon of 4.750% maturing on 28 February 2028 US$750 million in ten-year bonds priced at a fixed coupon of 4.900% maturing on 28 February 2033 BHP intends to use the proceeds from the bonds for general corporate purposes. Settlement of the bonds is expected to occur on 28 February 2023, subject to customary closing conditions. Source: Company Website Jan 19, 2023: BHP Operational Review for the half year ended 31 December 2022 "BHP delivered safe and reliable operating performance in the first half of the 2023 financial year. Employees and contractors across BHP continued to prioritise safety, resulting in the fourth consecutive year without a fatality. WA Iron Ore (WAIO) delivered record production for the half year through strong supply chain performance, supported by the ongoing ramp-up at South Flank. Copper production at Escondida rose despite road blockades in Chile in the December quarter and the Spence Growth Option continued to ramp up, while Olympic Dam's ongoing smelter performance saw near-record material processing and record gold production. In Queensland, coal production was again impacted by heavy rainfall. As foreshadowed, we are seeing the impact of inflation across our global supply chains and continue to focus on productivity and controllable costs. BHP believes China will be a stabilising force when it comes to commodity demand in the 2023 calendar year, with OECD nations experiencing economic headwinds. China's pro-growth policies, including in the property sector, and an easing of COVID-19 restrictions are expected to support progressive improvement from the difficult economic conditions of the first half. China is expected to achieve its fifth straight year of over 1 billion tonnes of steel production. During the quarter, we continued to progress a number of growth pathways to shape our portfolio toward future facing commodities and reduce our operational emissions. In December 2022, BHP's scheme implementation deed to acquire 100% of Australian copper producer OZ Minerals received unanimous support from the OZ Minerals Board ahead of a shareholder vote in the coming months." Source: Company Website Jan 19, 2023: BHP: Celebrating 10 years of remote operations BHP WA Iron Ore has celebrated 10 years of its remote operations centre in Perth. The Integrated Remote Operations Centre (IROC) began operating from BHP's St Georges Terrace office at the end of 2012. The IROC is responsible for operating most of BHP's WA iron ore logistics and processes, connecting the four processing hubs and five mining hubs with more than 1000km of rail and port facilities in the Pilbara. WAIO Asset President Brandon Craig said: "The remote operations centre runs 24 hours a day, seven days a week, 365 days a year and plays a vital role in ensuring we get our iron ore from pit to port in the safest, quickest and most efficient way possible. "Our iron ore operations are safer, more sustainable and more cost efficient now than they were 10 years ago, and the remote operations centre has been critical to achieving that. "The growth in the centre has supported technological advances, career opportunities and with that has come diversification of the team - nearly half of the workforce is female and 12 per cent identify as Indigenous." The centre operates a wide range of machinery, trains, trucks and drill rigs in the Pilbara and has recently begun the process of automating the company's shiploaders in Port Hedland. Source: Company Website Jan 11, 2023: BHP supports flood relief efforts in Western Australia BHP will donate AU$2 million to support emergency relief and recovery efforts in the Kimberley after devastating flooding impacted communities in the top end of Western Australia. The flooding generated by ex-Tropical Cyclone Ellie is the worst WA has ever seen, inundating communities, homes and businesses and leaving major infrastructure damaged or destroyed. BHP Asset President Western Australia Iron Ore, Brandon Craig, said: "Our thoughts are with all those impacted by the floods, and we commend the emergency services staff and volunteers who are working so hard to keep people safe. "With a long and proud history in WA, particularly in rural and remote parts of the State, BHP is committed to assisting the ongoing relief and recovery efforts in the Kimberley." BHP's donation will be directed to the Lord Mayor's Distress Relief Fund appeal for the Kimberley floods, which is open to public donations here: Lord Mayor's Distress Relief Fund (appealswa.org.au). Source: Company Website 2022 Jul 19, 2022: BHP Operational Review for the year ended 30 June 2022 "BHP produced a strong fourth quarter to cap off a year of significant progress. Our performance for the year has been underpinned by safe, reliable operations and firm demand for our commodities. We completed another year fatality free and we are unwavering in our effort to improve safety, and this includes addressing sexual assault and harassment, racism and bullying. We delivered record full-year sales volumes at our iron ore business in Western Australia as a result of reliable operational performance and the South Flank project which continued to ramp up. In copper, Escondida in Chile had record material mined and near-record concentrator throughput, while Olympic Dam in South Australia performed strongly in the fourth quarter after planned smelter maintenance. Queensland metallurgical coal delivered strong underlying performance for the quarter in the face of significant wet weather. BHP is assessing the impacts on BMA economic reserves and mine lives as a result of the increase in coal royalties by the Queensland Government. The near tripling of top end royalties has worsened what was already one of the world's highest coal royalty regimes, threatening investment and jobs in the state. Our US$5.7 billion Jansen potash project in Canada is tracking to plan and we are working to bring first production forward to 2026. Also during the year, we merged our petroleum business with Woodside, completed the sales of BMC and Cerrejon, and decided to retain New South Wales Energy Coal until the cessation of mining in 2030 subject to relevant approvals. We also unified our corporate structure, and added to our global options in copper and nickel. Broader market volatility continues and we expect the lag effect of inflationary pressures to continue through the 2023 financial year, along with labour market tightness and supply chain constraints. Over the year ahead, China is expected to contribute positively to growth as stimulus policies take effect, however, the continuing conflict in the Ukraine, the unfolding energy crisis in Europe and policy tightening globally is expected to result in an overall slowing of global growth. Our strong focus on safety, operational reliability, cost control and social value will help us navigate these challenges and continue to deliver for all of our stakeholders." Source: Company Website Jul 08, 2022: BHP: Court of Appeal rules claim can proceed in UK BHP Group Limited and BHP Group UK (Ltd) (formerly BHP Group Plc) are defendants to a group action claim in the United Kingdom (UK) in relation to the Samarco dam failure on 5 November 2015. The group action seeks compensation for individuals, municipalities, private businesses and other institutions in Brazil following the Samarco dam failure. The Court of Appeal has heard an appeal by the claimants in the group action against a decision made by the High Court on 9 November 2020 that dismissed the group action as an abuse of process. Today, the Court of Appeal has decided to allow the appeal. The judgment allows the group action to continue in the UK and overturns the earlier decision of the High Court. BHP is considering whether to seek permission to appeal the judgment to the UK Supreme Court. The judgment is not a decision in relation to the merits of the claims made in the group action. It is concerned with the preliminary question of whether the group action can continue against BHP in the United Kingdom. BHP Brasil remains committed to continue supporting the local remediation efforts in Brazil through the Renova Foundation. Those efforts have already provided BRL9.8bn (~Pound1.5bn) in compensation and direct financial aid in relation to the dam failure to over 376,000 people. BHP will continue to defend the UK group action, which BHP believes is unnecessary because it duplicates matters already covered by the existing and ongoing work of the Renova Foundation and legal proceedings in Brazil. Source: Company Website Jun 15, 2022: Coal divestment review update - BHP to retain New South Wales Energy Coal BHP today announced that it will retain New South Wales Energy Coal (NSWEC) in its portfolio, seek the relevant approvals to continue mining beyond its current mining consent that expires in 2026 and proceed with a managed process to cease mining at the asset by the end of the 2030 financial year. The decision follows BHP's review of its lower grade metallurgical and energy coal assets that was announced in August 2020 and has also resulted in the divestment of our interests in Cerrejon and BHP Mitsui Coal (BMC) in January and May 2022 respectively. A trade sale process for NSWEC was conducted however the process did not result in a viable offer. Assessment of the resource economics, geotechnical profile and future investment requirements determined that continued mining in the near term and moving to a closure in 2030 provides the optimal financial outcome when compared to alternate options. Continuation of mining to the end of FY2030 will afford eight years to work with our people, state and federal governments and local communities in the Hunter Valley region on a transition approach that supports long-term community sustainability. Plans to continue operating NSWEC to FY2030 are subject to obtaining relevant approvals to enable mining beyond the current consent, which only provides approval for mining until 2026. Work is underway to prepare the application for the relevant approvals with the New South Wales and Australian governments to support mining until 2030. This will also include plans for closure of the asset, including rehabilitation and determining the most appropriate post-mining land use. It is expected that continued work on rehabilitation will take 10 to 15 years following the cessation of mining. The provision for closure of the mine as at 31 December 2021 was approximately US$700 million. Minerals Australia President, Edgar Basto said "We thoroughly reviewed potential options for NSWEC including divestment and future investment requirements. Seeking approval to continue mining until 2030 avoids closure in 2026 and enables BHP to balance the value and risk of those considerations and our commitments to our people and local communities." NSWEC Vice President, Adam Lancey said "We will work with our people, local business partners, Traditional Owners and local and state governments to operate safely and productively, prepare for closure and sustainable rehabilitation of the site, and ensure the pathway to closure is managed in a way that meets community and regulatory expectations." Source: Company Website May 19, 2022: Events Calendar: BMO Farm to Market Conference 2022 BHP CFO, David Lamont, will present at the BMO Farm to Market Conference today at 12:30pm EDT (2:30am Friday Melbourne time). Source: Company Website May 17, 2022: Events Calendar: Bank of America Metals, Mining and Steel Conference 2022 BHP CEO, Mike Henry, will present at the Bank of America Global Metals, Mining and Steel Conference today at 9:00am US Eastern time (11:00pm Melbourne time). Source: Company Website Apr 21, 2022: BHP Operational Review for the nine months ended 31 March 2022 "BHP delivered safe and reliable production in the third quarter. Our WA iron ore business continues to perform strongly as we navigate the state's first major COVID-19 wave, and we remain on track to achieve full year volume and cost guidance. Amid record high prices, our Queensland metallurgical coal business delivered strong underlying performance and benefited from better weather in the quarter. In copper, Spence production is increasing and the Olympic Dam smelter is performing strongly as it returns to full production following planned maintenance. These gains have been more than offset at Escondida by impacts from COVID-19 and public road blockades in Antofagasta, which are reflected in a revision to overall production guidance. Our Jansen potash project is on track, with good progress on the shafts, in the underground mining systems and at the port. The merger of our petroleum assets with Woodside has progressed and is set for completion in June 2022, while the divestment of our BMC business to Stanmore should complete in May 2022. Market volatility and inflationary pressures have increased further as a result of the Russian invasion of Ukraine. We continue our work to mitigate cost pressures through a sharp focus on operational reliability and cost discipline. While we expect conditions to improve during the course of the 2023 calendar year, we anticipate the skills shortages and overall labour market tightness in Australia and Chile to continue in the period ahead. Our hearts go out to all those impacted by the tragic events in Ukraine. The BHP Foundation has donated US$5 million to aid the response to the humanitarian crisis." Source: Company Website Feb 28, 2022: Events Calendar: BMO Global Metals and Mining Conference BHP CEO, Mike Henry, will present at the BMO, Global Metals and Mining Conference today, at 8:00am US Eastern time. Source: Company Website Feb 15, 2022: BHP Results for the half year ended 31 December 2021 BHP released its half year results on 15 February 2022 at 8.30am (Melbourne time). Mike Henry, Chief Executive Officer, and David Lamont, Chief Financial Officer, reviewed the Company's operating and financial performance. Source: Company Website Jan 19, 2022: BHP Operational Review for the half year ended 31 December 2021 "BHP was fatality free at our operated assets for the third consecutive year. Our continuing focus on people and on operational reliability enabled us to achieve near record production in iron ore and to reduce the impacts of adverse weather and COVID-19 related labour constraints in our operations. Cost control remained strong across the business, in the face of a more inflationary environment. Unit cost guidance remains intact bar a change to metallurgical coal which is a function of the lowering of production guidance as a result of significant wet weather and in anticipation of Omicron headwinds in the early part of the second half of the financial year. We completed major planned maintenance programs in our Iron Ore, Nickel West and Olympic Dam assets. In Nickel West, we achieved first saleable production of nickel sulphate crystals from the Kwinana plant, an exciting new addition to our product suite that will further enhance our offering into the battery electric vehicle market. The ramp-up of South Flank continues to progress well. The Spence Growth project is realising lower than expected recoveries and we are studying plant design modifications in order to lift recoveries to planned levels. We continued to progress a number of actions related to our portfolio and corporate structure. We progressed the merger of our petroleum assets with Woodside and prepared for a shareholder vote on a unified corporate structure. We advanced the Jansen potash project and announced a share sale agreement of our interest in the BHP Mitsui Coal metallurgical coal joint venture. We bolstered options in future facing commodities investing in prospective copper assets in the Northern Territory and South Australia and we secured an early stage entry into a world-scale nickel sulphide resource in Tanzania. Overall we made good progress in positioning our portfolio and performance to deliver returns for shareholders now and into the future." Source: Company Website Jan 11, 2022: BHP completes the divestment of its Cerrejon interest following clearance in Colombia with commitments On 11 January BHP completed the sale to Glencore of its 33.3 per cent interest in Cerrejon, a non-operated energy coal joint venture in Colombia. This follows clearance from the Superintendence of Industry and Commerce in Colombia, subject to certain conditions.1 The transaction was first announced on 28 June 2021 for a total cash consideration of approximately US$294 million based on an effective economic date of 31 December 2020. Concurrently, Anglo American also completed the sale of its 33.3 per cent interest to Glencore, thereby providing Glencore with 100% ownership and operating control of Cerrejon. Selling BHP's financial interest to a current Cerrejon shareholder who understands the operation represents a strong outcome for Cerrejon and the stakeholders it supports. 1 The details of these commitments are published in Spanish here and an English translation is available for convenience. Source: Company Website 2021 Sep 10, 2021: BHP : Outlook Outlook Economic outlook We remain positive in our outlook for long-term global economic growth and commodity demand. Population growth, the infrastructure of decarbonisation and rising living standards are all expected to drive demand for energy, metals and fertilisers for decades to come. The outlook for the short term remains uncertain. While momentum towards recovery remains intact across many key regions, vigilance with respect to COVID-19 risks is still a constant for all. Inflation trends and exchange rates have been volatile. In our business specifically, many commodity-linked uncontrollable costs have moved higher. For some of our assets, constraints on the free movement of parts of our workforce are creating localised shortages and associated cost increases. While this situation persists, operational risks will be elevated. Source: Annual report Meetings 2023 Sep 25, 2023: BHP announces AGM BHP has announced its Annual General Meeting will take place on Wednesday, November 01. Jun 23, 2023: BHP: Operational Decarbonisation Investor Presentation BHP will be hosting an investor presentation today to provide an update on our progress and plans to achieve our medium and long-term operational decarbonisation target and goal. Source: Company Website 2022 Jan 17, 2022: Update on BHP Group Limited General Meeting to approve unification Given the ongoing COVID-19 situation in Melbourne, BHP Group Limited has today announced that the General Meeting of BHP Group Limited on 20 January 2022 to approve BHP's unification proposal will be held as an online meeting. BHP is committed to health and safety, including the health and safety of our shareholders and our people. Accordingly, as foreshadowed as a possible contingency plan in the Notice of Limited General Meeting released on 8 December 2021, BHP has today decided that the BHP Group Limited meeting will be held as an online meeting instead of an in-person meeting in Melbourne. The date and time of the meeting remain unchanged. The meeting will be held online at 6:00pm (Melbourne time) on Thursday, 20 January 2022. The business to be considered at the meeting also remains unchanged, and is set out in the original Notice of Limited General Meeting. There are no changes to the arrangements for the BHP Group Plc scheme and general meetings also being held on 20 January and related to unification. BHP recognises the importance of the meeting as an opportunity for BHP Group Limited shareholders to consider and vote on the unification proposal. BHP Group Limited shareholders will be able to ask questions and vote in real time via an online platform. Participating in the meeting online As was the case with last year's Annual General Meeting, BHP Group Limited Shareholders can view the meeting live, ask questions on the items of business and cast live votes during the meeting, once they have registered their attendance on the Lumi platform. Source: Company Website Acquisitions 2023 May 02, 2023: BHP: Completion of OZ Minerals acquisition BHP announces the completion of the OZ Minerals acquisition and implementation of the scheme of arrangement for BHP Lonsdale Investments Pty Limited, a wholly owned subsidiary of BHP Group Limited, to acquire 100% of the shares in OZ Minerals Limited (OZL) (the Scheme). BHP Group Limited is now the ultimate parent company of OZL. BHP CEO Mike Henry said: "This acquisition strengthens BHP's portfolio in copper and nickel and is in line with our strategy to meet increasing demand for the critical minerals needed for electric vehicles, wind turbines and solar panels to support the energy transition. Combining our two organisations will provide options for growth, bring new talent and innovation to unlock these resources in a sustainable way, and deliver value to shareholders and communities." In bringing together the BHP and OZ Minerals businesses, BHP will focus on safe and reliable operation of the Olympic Dam, Prominent Hill and Carrapateena assets, building a shared culture of innovation and performance, and progressing sustainable growth options to establish a copper province in South Australia. BHP Chief Operating Officer Edgar Basto said: "We welcome the OZ Minerals team to BHP as new colleagues with shared values of safety, respect, innovation and performance. Bringing together our quality resources, talented teams and innovative thinking will help us create opportunities for local employment, small businesses, regional communities, Traditional Owners and the South Australian economy. "South Australia has the potential to be a major supplier of copper to meet the world's increasing demand for copper and we look forward to unlocking the potential of our people and their combined talent. This will require new thinking and new technology and we are excited to begin work on the opportunities ahead." OZL shareholders today received total cash consideration of A$28.25 per OZL share, comprising: the scheme consideration paid by BHP of A$26.50 for each OZL share held at the scheme record date, which is 7:00pm on 24 April 2023; and a fully franked special dividend paid by OZL of A$1.75 for each OZL share held on the special dividend record date, which is 7:00pm on 21 April 2023. The cash payment by BHP has been funded using a combination of BHP's existing cash reserves and the proceeds of a debt facility. OZL has today applied to be removed from the official list of the ASX. Removal is expected to occur no later than 3 May 2023. Source: Company Website People In BusinessPIB-Appointment 2021 Jul 06, 2021: BHP will appoint John Paul Santamaria as company secretary Tuesday July 06, 2021 BHP will appoint John Paul Santamaria as Company Secretary. The appointment takes effect from Jul 07, 2021. Sep 02, 2021: BHP will appoint Michelle Hinchliffe as director Thursday September 02, 2021 BHP will appoint Michelle Hinchliffe as Independent Non-Executive Director. The appointment takes effect from Mar 01, 2022. 2022 Feb 10, 2022: BHP will appoint Catherine Tanna as director Thursday February 10, 2022 BHP will appoint Catherine Tanna as Independent Non-Executive Director. The appointment takes effect from Apr 04, 2022. Aug 16, 2022: BHP will appoint Edgar Basto as COO Thursday August 18, 2022 BHP will appoint Edgar Basto as COO. The appointment takes effect from Oct 01, 2022. 2023 Dec 07, 2023: BHP appoints Rag Udd as chief commercial officer Friday December 08, 2023 BHP has appointed Rag Udd as Chief Commercial Officer. The appointment takes effect from Dec 07, 2023. PIB-Resignation Sep 21, 2023: Prakash Kakkad - BHP company secretary resigns Thursday September 21, 2023 Prakash Kakkad has resigned from BHP as Company Secretary. The resignation takes effect from Sep 20, 2023. PIB-Retirement 2022 Oct 31, 2022: BHP director Malcolm Broomhead to retire Wednesday November 02, 2022 Malcolm Broomhead will retire from BHP as Director. The retirement will take effect from Nov 10, 2022. PIB-Resignation 2023 Sep 21, 2023: Prakash Kakkad - BHP company secretary resigns Thursday September 21, 2023 Prakash Kakkad has resigned from BHP as Company Secretary. The resignation takes effect from Sep 20, 2023. PIB-Appointment 2021 Jul 06, 2021: BHP will appoint John Paul Santamaria as company secretary Tuesday July 06, 2021 BHP will appoint John Paul Santamaria as Company Secretary. The appointment takes effect from Jul 07, 2021. Sep 02, 2021: BHP will appoint Michelle Hinchliffe as director Thursday September 02, 2021 BHP will appoint Michelle Hinchliffe as Independent Non-Executive Director. The appointment takes effect from Mar 01, 2022. 2022 Feb 10, 2022: BHP will appoint Catherine Tanna as director Thursday February 10, 2022 BHP will appoint Catherine Tanna as Independent Non-Executive Director. The appointment takes effect from Apr 04, 2022. Aug 16, 2022: BHP will appoint Edgar Basto as COO Thursday August 18, 2022 BHP will appoint Edgar Basto as COO. The appointment takes effect from Oct 01, 2022. 2023 Dec 07, 2023: BHP appoints Rag Udd as chief commercial officer Friday December 08, 2023 BHP has appointed Rag Udd as Chief Commercial Officer. The appointment takes effect from Dec 07, 2023. PIB-Retirement 2022 Oct 31, 2022: BHP director Malcolm Broomhead to retire Wednesday November 02, 2022 Malcolm Broomhead will retire from BHP as Director. The retirement will take effect from Nov 10, 2022. |