Mining giant BHP has released its results for the year ended 30 June 2022. BHP Chief Executive Officer Mr Mike Henry said “BHP delivered strong operational performance and disciplined cost control to realise record underlying earnings of USD 40.6 billion. These strong results were due to safe and reliable operations, project delivery and capital discipline, which allowed us to capture the value of strong commodity prices. BHP remains the lowest cost iron ore producer globally and we delivered record annual sales from Western Australia Iron Ore.”Reliable operational performance at WAIO, with record sales (on a 100% basis) for the third consecutive year and the South Flank Project ramp up ahead of scheduleEscondida achieved record material mined and near-record concentrator throughputProfit from operations of USD 34.1 billion, up 34% from the prior year, and record Underlying EBITDA" of USD 40.6 billion at a record margin" of 65% for continuing operationsAttributable profit of USD 30.9 billion and record Underlying attributable profit of USD 23.8 billion, up 39% from the prior year for total operations
Mining giant BHP has released its results for the year ended 30 June 2022. BHP Chief Executive Officer Mr Mike Henry said “BHP delivered strong operational performance and disciplined cost control to realise record underlying earnings of USD 40.6 billion. These strong results were due to safe and reliable operations, project delivery and capital discipline, which allowed us to capture the value of strong commodity prices. BHP remains the lowest cost iron ore producer globally and we delivered record annual sales from Western Australia Iron Ore.”Reliable operational performance at WAIO, with record sales (on a 100% basis) for the third consecutive year and the South Flank Project ramp up ahead of scheduleEscondida achieved record material mined and near-record concentrator throughputProfit from operations of USD 34.1 billion, up 34% from the prior year, and record Underlying EBITDA" of USD 40.6 billion at a record margin" of 65% for continuing operationsAttributable profit of USD 30.9 billion and record Underlying attributable profit of USD 23.8 billion, up 39% from the prior year for total operations
