Operational Review – In the year ending June 2023, BHP successfully achieved production guidance for copper, iron ore, metallurgical coal, and energy coal. Nickel production also met revised guidance, aligning with the lower end of the original target. Unit costs varied across facilities, with most meeting or slightly exceeding guidance. Commodity prices presented challenges, with lower average realized prices for copper, iron ore, and metallurgical coal compared to the previous year. Nickel prices remained stable, and thermal coal prices were stronger, particularly in the first half of the year.
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