BHP Reports Higher Copper and Iron Ore Production in December Quarter

21 Jan 2025 CW Team

BHP Group, the world’s largest listed miner, reported increased production for the December quarter, with iron ore output inching up and copper production surging 17%. The gains were driven by operational efficiencies and richer ore quality at its key sites.

Iron ore production at the South Flank operations in Western Australia reached 73.1 million metric tonne, slightly up from 72.7 million tonnein the same quarter last year and in line with the Visible Alpha consensus estimate of 72.8 million tonne.

Copper output rose sharply to 510,700 tonne, attributed to improved processing and richer ore quality at the Escondida mine in Chile. The company remains bullish on copper’s long-term demand, projecting a global deficit of 10 million metric tons within a decade. BHP has committed at least $11 billion for further development at Escondida and other Chilean projects.

BHP maintained its iron ore production forecast for Western Australia at 282-294 million tonne and expects output at the higher end of this range. It also anticipates achieving the upper half of its guidance for 2025 at its BMA operations in Central Queensland, the New South Wales Energy Coal division, and the Samarco joint venture in Brazil.

Mike Henry, CEO expressed confidence in continuing strong performance into the second half of FY25, citing tight cost controls and expectations of higher production across multiple assets.

Shares of BHP rose 1% to A$40.67 in early trade, outperforming the broader mining index, which gained 0.5%.

The company expects its net debt to reach around $15 billion by the end of FY25, nearing the top end of its target range. This increase is largely due to provisions related to the 2015 Samarco dam collapse in Brazil.

(ET)

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..