Half Year 2024 BHP Group Ltd Earnings Call Transcript

Feb 19, 2024 / 09:30PM GMT
Mike P. Henry - BHP Group Limited - CEO & Executive Director

BHP delivered a strong set of financial and operational results for the past half. But before I talk about results, I must acknowledge the tragic loss of one of our coworkers, Luke O'Brien, at our BMA operations in Queensland in January. We are deeply saddened by this loss, and our thoughts are with Luke's family, his friends, teammates and the broader BMA team. We are redoubling our efforts to reinforce our culture and controls when it comes to safety.

In the last half, BHP has again delivered for our shareholders and communities with strong operational performance and disciplined cost management, enabling us to announce a dividend of USD 0.72 per share. We also paid USD 5 billion in taxes and royalties in the half.

Looking across our operations, our Western Australia Iron Ore business remains the lowest cost producer of iron ore in the world. Copper production increased by 7% with a record half at our Spence mine in Chile, higher production at Escondida also in Chile, and strong performance in South Australia.

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