Ann: Quarterly Activities Report, page-5

AUST Business today (extract):
BHP RIDES SURGE IN PRICES FOR METALS
Nick Evans
BHP made the most of strong pricing for its iron ore and copper during the previous financial year, raising hopes for a bumper result when the company delivers its annual financial statements next month.
The company’s Pilbara operations shipped a record 287.7 million tonnes of iron ore for the full financial year, with its average received prices up 9 per cent at $US101.04 a tonne.
Copper output lifted 9 per cent to 1.87 million tonnes after BHP closed the acquisition of OZ Minerals, as copper prices surged to an average of $US3.98 a pound – also a 9 per cent improvement on the previous financial year.
BHP chief executive Mike Henry said the company had hit several production records in the June quarter, as the company finished the fiscal year in a rush, with the company still looking ahead for growth options.
“We continued to execute against our strategy, progressing growth options in the commodities the world needs to meet the demands of the energy transition and population growth,” he said.
“This includes our Jansen potash mine in Canada, where construction of Stage 1 is now more than 50 per cent complete and Stage 2 is under way. We will see first production in 2026 and will be a major global producer of potash by the end of the decade.”
Importantly for its bottom line, BHP said average production costs fell within guidance across its global operations, despite the inflationary pressures being felt in the mining industry.……