BHP Group Ltd

BHP Group Limited announced a change in director's relevant interests. Non-executive Director Mark Vassella and the Vassella family trust, through Allessav Nominees Pty Ltd, acquired a total of 2,675 ordinary shares on the Australian Securities Exchange. The acquisitions were made on-market at prices of AUD 60.5000 and AUD 60.5099 per share, respectively. Following these transactions, Mark Vassella's direct holdings increased to 3,750 shares, and the trust's indirect holdings also reached 3,750 shares.

BHP Group reported a strong operational performance for the year ended June 30, 2026, achieving record iron ore production of 264.7 Mt and approximately 2 Mt of copper production for the second consecutive year. The company benefited from higher realized prices for copper and iron ore, alongside disciplined cost control with several assets meeting the bottom end of unit cost guidance. However, the company expects to record a significant impairment of approximately US$2.3 billion for the Jansen potash project and negative EBITDA for WA Nickel and Jansen. Strategic growth initiatives, including the approval of the Ministers North iron ore project and advancements in copper growth options, are progressing, while net debt is projected at US$9 billion.

BHP Group Ltd's director disclosed their relevant interests in the company's securities. The director holds 25,339 ordinary shares directly. Additionally, they possess 254,116 rights to ordinary shares, comprising 109,216 performance rights, 74,100 deferred rights, and 70,800 conditional rights. An indirect interest of 22,500 ordinary shares is held through the Craig Family Trust.

BHP Group Ltd's CEO, Mike Henry, reorganized his indirect shareholdings on June 30, 2026. This involved transferring 471,723 ordinary shares to Citicorp Nominees Pty. Limited and 84,671 depositary interests to Aurora Nominees Limited, both into shareholder accounts where he is the sole beneficiary. The transactions were for nil consideration and did not alter the total number of shares or rights held by the CEO.

BHP Group Ltd announced a significant update for its Jansen Stage 2 Potash Project, increasing the total investment estimate from $4.9 billion to $6.9 billion due to additional construction hours, material quantities, and escalation. First production for Stage 2 is now projected for late FY2031, a two-year delay from the original FY2029 target. As a result of higher forecast capital intensity, BHP expects to recognize an impairment charge of approximately $2.3 billion related to its Jansen project investment. Despite these revisions, the company reaffirms the project's strategic importance, its expected low unit cost position, and its contribution to BHP's long-term growth in future-facing commodities.

BHP Canada Inc., a wholly owned subsidiary of BHP, has signed significant transportation agreements with Canada's two national rail carriers, Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC). These deals are crucial for moving potash from the Jansen Potash Mine to Westshore Terminals in Vancouver for global export. The Jansen mine will benefit from dual rail access, enhancing supply chain reliability and flexibility. The initial contracts are set for approximately four years, supporting Stage 1 production, with future arrangements planned for subsequent project phases.

BHP Group Limited filed a Form 6-K detailing director's relevant interests in the company's securities. The filing indicates a director holds 1,905 ordinary shares directly and has an interest in an additional 2,920 ordinary shares held by Allessav Nominees Pty Ltd. No contractual interests were reported.

BHP Group announced the appointment of Mark Vassella to its Board of Directors, effective June 1, 2026. Mr. Vassella brings extensive experience from the global steel industry, with a strong focus on safety, decarbonisation, capital allocation discipline, global resource development, and values-based leadership. BHP Chair Ross McEwan expressed delight in welcoming him to the Board.

BHP Group Ltd's President Americas and CEO-elect, Brandon Craig, presented at the Bank of America 2026 Global Metals, Mining and Steel Conference. The presentation highlighted BHP's strong performance, strategic focus on future-facing commodities and high-quality assets, and a commitment to operational excellence. Key themes included superior shareholder returns, disciplined capital allocation, and a clear growth strategy for the next decade, particularly in copper.

BHP Group Limited held its Annual General Meeting on October 23, 2025, in Melbourne, Australia. All resolutions to re-elect directors, including Xiaoqun Clever-Steg, Gary Goldberg, Michelle Hinchliffe, Don Lindsay, and Ross McEwan, were approved by shareholders.