BHP GROUP LIMITED has released its Operational Review for the half year ended 31 December 2023. The company's Chief Executive Officer, Mike Henry, expressed condolences for a fatal incident at BMAs Saraji mine and stated that investigations are underway. Operationally, BHP had a solid first half, with increases in WA Iron Ore and copper production. However, BMA faced challenges due to planned maintenance and low starting inventories. The company is evaluating options to mitigate the impact of falling nickel prices at Nickel West.
BHP also made progress on its growth agenda, with ongoing construction of the Jansen mine in Canada and the sanction of Jansen Stage 2, doubling planned potash production capacity. In South Australia, the company successfully integrated its Copper SA business and identified attractive copper mineralization through significant exploration drilling beneath Olympic Dam.
Overall, the Operational Review provides insights into BHP's operational performance, growth initiatives, and challenges faced during the first half of the year.