BHP Group Ltd Files Routine 6-K Report

TL;DR

BHP Group Ltd filed a routine 6-K, confirming 20-F annual report filing. No new info.

AI Summary

BHP Group Ltd, incorporated in Victoria, Australia, filed a Form 6-K on October 17, 2024. This report is for a foreign private issuer and indicates that the company files annual reports under Form 20-F. The filing does not contain specific financial figures or operational updates but serves as a routine disclosure.

Why It Matters

This filing is a standard disclosure for foreign private issuers, confirming their reporting status and providing basic company identification details to the SEC.

Risk Assessment

Risk Level: low — This is a routine administrative filing with no new material financial or operational information that would typically impact stock price.

Key Players & Entities

• BHP Group Ltd (company) — Registrant
• Victoria, Australia (location) — Jurisdiction of incorporation
• 171 Collins Street, Melbourne, Victoria 3000 Australia (address) — Principal executive offices
• Form 6-K (document) — Filing type
• Form 20-F (document) — Annual report cover

FAQ

Key Financial Figures

• $4.24 — 45 2,045 kt Average realised price US$4.24/lb 17% Q1 FY24 US$3.63/lb Total co
• $3.63 — ed price US$4.24/lb 17% Q1 FY24 US$3.63/lb Total copper production increased 4
• $80.10 — 55 265.5 Mt Average realised price US$80.10/wmt 18% Q1 FY24 US$98.04/wmt Iron
• $98.04 — price US$80.10/wmt 18% Q1 FY24 US$98.04/wmt Iron ore production increased 2% t
• $214.86 — 16.5 19 Mt Average realised price US$214.86/t 9% Q1 FY24 US$237.07/t BMA 4.5
• $237.07 — ed price US$214.86/t 9% Q1 FY24 US$237.07/t BMA 4.5 Mt 19% | 9 Mt (100% basis)
• $124.32 — 5e 13 15 Mt Average realised price US$124.32/t 1% Q1 FY24 US$125.66/t NSWEC 3.7
• $125.66 — ed price US$124.32/t 1% Q1 FY24 US$125.66/t NSWEC 3.7 Mt 2% Production increa
• $16,359 — Y24 20.2 kt Average realised price US$16,359/t 20% Q1 FY24 US$20,354/t Producti
• $20,354 — d price US$16,359/t 20% Q1 FY24 US$20,354/t Production decreased as we commenced
• $300 m — the first half and we plan to invest ~US$300 m per annum beginning in January 2025 to
• $2,000 — ing assumptions for by-products: gold US$2,000/oz, and uranium US$80/lb. Medium term
• $80 — oducts: gold US$2,000/oz, and uranium US$80/lb. Medium term guidance i Producti
• $17.50 — S$ 2.05 2.35/lb WAIO >305 Mtpa <US$17.50/t BMA 43 45 Mtpa <US$110/t i Me
• $110 — pa <US$17.50/t BMA 43 45 Mtpa <US$110/t i Medium term refers to a five yea

Filing Documents

• d840602d6k.htm (6-K) — 1240KB
• g840602dsp12.jpg (GRAPHIC) — 2KB
• g840602g52w22.jpg (GRAPHIC) — 2KB
• g840602st_3b.jpg (GRAPHIC) — 1KB
• g840602st_5a.jpg (GRAPHIC) — 2KB
• g840602up.jpg (GRAPHIC) — 1KB
• 0001193125-24-238386.txt (&nbsp;) — 1253KB

From the Filing

FORM 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 17 October 2024 BHP GROUP LIMITED (ABN 49 004 028 077) (Exact name of Registrant as specified in its charter) VICTORIA, AUSTRALIA (Jurisdiction of incorporation or organisation) 171 COLLINS STREET, MELBOURNE, VICTORIA 3000 AUSTRALIA (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-FForm 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:YesNo If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a 17 October 2024 Operational review for the quarter ended 30 September 2024 Strong operational performance with increased copper, iron ore and coal production. BHP had a strong start to the 2025 financial year, with production up across all major commodities for the quarter. Copper production was up 4% due to higher grade and recoveries at Escondida, and WAIO production was up 3% as we unlocked capacity by completing the debottlenecking work at the port. We are also seeing signs of stabilisation in our steelmaking coal business with production up 20% in the quarter, excluding the recently divested Blackwater and Daunia mines. We added to our copper growth prospects in the quarter, announcing a proposed 50/50 joint venture in Argentina with Lundin Mining to advance what we consider to be one of the most significant global copper discoveries in decades. In Canada, our Jansen Stage 1 potash project is 58% complete after a productive summer period with first production scheduled in around two years. China has announced a series of monetary easing policies in an effort to support economic growth, and has indicated more significant fiscal stimulus is on the horizon. Upcoming stimulus is likely to focus on relieving local debt, stabilising the property market and bolstering business confidence. Mike Henry BHP Chief Executive Officer Summary Operational excellence Social value On track to meet FY25 production guidance Climate Transition Action Plan Strong operational performance with copper production increasing 4% driven by higher concentrator feed grades and recoveries at Escondida. Production at WAIO increased 2% following commissioning of the Port Debottlenecking Project (PDP1) and completion of the South Flank ramp up. We released our second Climate Transition Action Plan (CTAP) which lays out our climate strategy and GHG emissions goals and targets, and provides an in depth view of our plans and how were progressing against them. The CTAP will be put to a shareholder advisory vote at our upcoming AGM on 30 October 2024 . We also announced collaborations with Indias JSW Steel and Carbon Clean and Steel Authority of India to support decarbonisation technology in steelmaking. Portfolio Outlook Increased exposure to copper Copper outlook supports growth pipeline In July, we agreed to jointly acquire Filo Corp. with Lundin Mining through a Canadian plan of arrangement. In September, the Filo Corp shareholders approved the plan of arrangement. We also agreed to form a 50/50 joint venture with Lundin Mining to consolidate and advance the Filo del Sol and Josemaria copper projects. We expect the transaction to complete in Q3 FY25, subject to regulatory approvals. We published our outlook for the copper market, including copper demand, copper supply and long-term copper pricing. We expect copper demand to grow by 70% by 2050, as a result of traditional economic growth, electrification and the energy transition, and digital infrastructure (including data centres). We will be hosting an investor site visit to our Chilean copper assets in November 2024 to outline our attractive organic copper growth pipeline in the region. Production Quarter performance Production guidance Q1 FY25 v Q4 FY24 v Q1 FY24 Current FY25 guidance Copper (kt) 476.3 (6 %) 4 % 1,845 2,045 Escondida (kt) 304.2 (2 %) 11 % 1,180 1,300 Unchanged Pampa Norte (kt) i 60.1 (9 %) (23 %) i 240 270 i Unchanged Copper South Australia (kt) 73.4 (18 %) 2 % 310 340 Unchanged Antamina (kt) 36.3 (5 %) 12 % 115 135 Unchanged Caraj&aacute;s (kt) 2.3 10 % 92 % - - Iron ore (Mt) 64.6 (7 %) 2 % 25

View Full Filing

View this 6-K filing on SEC EDGAR