BHP Group provides an operational review for the year ended 30 June 2022

BHP Group Limited (ASX: BHP) provided an operational review for the year ended 30 June 2022:

• During the June quarter, the company completed the divestment of its 80% stake in BMC to Stanmore and the merger of its oil and gas portfolio with Woodside Energy.
• In June 2022, the company also completed the US$2.97 billion Jansen mine shafts project, and its US$5.7 billion Jansen potash project in Canada is tracking to plan, with activities progressing at the port and at the Jansen site. BHP Group is working to bring Jansen Stage 1 first production forward to 2026 and is assessing options to accelerate Jansen Stage 2.
• The company also announced that it will retain New South Wales Energy Coal in its portfolio and seek relevant approvals to enable mining beyond the current mining consent that expires in 2026, towards a cessation of mining in 2030.
• It has achieved full-year production guidance for iron ore and energy coal, as were revised guidance for copper and metallurgical coal, but full-year nickel production was lower than the revised guidance due to a smelter outage in the June 2022 quarter.

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