BHP Raises FY26 Copper Production Guidance to 1.8M-2.0M Tons

Prior guidance 1.8M-2.0M metric tons. BHP Chief Executive Officer, Mike Henry: "BHP delivered another half of very strong performance with operational records at our copper and iron ore assets. This was achieved safely and in a positive commodity price environment, with copper prices up 32% and iron ore prices 4% higher year on year. We have increased FY26 group copper production guidance off the back of stronger delivery across our assets. Our flagship copper operation, Escondida, achieved record concentrator throughput and we have increased the FY26 production guidance range. Antamina has also lifted its production guidance, and Spence and Copper SA are tracking to plan, with Copper SA achieving record refined gold output. In iron ore, WAIO achieved record first half production and shipments, positioning us well ahead of the typically wet third quarter. Volumes from Samarco rose as a result of strong operational performance at the second concentrator following its restart at the end of H1 FY25... Steelmaking coal production increased, supported by a five-year high stripping performance at BMA, and energy coal was up 10%. The Jansen potash project in Canada is on track to begin production in mid-2027... China's commodity demand remains resilient, supported by targeted policy measures and solid exports... BHP enters the second half of FY26 with strong operating momentum. We're investing for the decade ahead, with a significant copper growth pipeline and a pathway to ~2 Mt of attributable copper production in the 2030s."