- Business
- BHP Group Limited, founded in 1885 and headquartered in Melbourne, Australia, is a leading multinational mining company that produces and markets iron ore, copper, metallurgical coal, nickel, and potash; its core products include high-grade hematite iron ore from Pilbara operations in Western Australia, copper concentrate and cathode from mines such as Escondida and Spence in Chile and Olympic Dam in South Australia, high-quality hard coking coal from Queensland's BMA alliance, nickel sulphide from Western Australia's Nickel West, and potash under development at the Jansen project in Canada. The company operates through Copper, Iron Ore, Coal, Potash, and Nickel segments, serving global steel, electrification, renewable energy, agriculture, and battery markets with mining activities spanning Australia, North America, and South America. BHP targets large, long-life, low-cost assets essential for economic growth, energy transition, and sustainable food production.
In recent developments, BHP completed the acquisition of Filo Corp. in January 2025 in partnership with Lundin Mining, forming the 50/50 Vicuña Joint Venture to develop the Filo del Sol and Josemaria copper projects in Argentina and Chile, with BHP paying US$2.0 billion in total cash consideration to advance copper growth. The company invested over A$840 million in 2025 to expand Olympic Dam operations, including a new Southern Mine Area tunnel to access untapped orebody sections and boost production capacity as part of a strategy to increase global copper output by approximately 47% to 2.5 million tonnes annually. Additional initiatives include progressing the Jansen potash project toward first production in late 2026 despite delays, enhancing South Australian copper synergies following the 2023 OZ Minerals acquisition, and pursuing copper expansions in Argentina, Chile, and Australia.