BHP OPERATIONAL REVIEW
FOR THE NINE MONTHS ENDED 31 MARCH 2022
Note: All guidance is subject to further potential impacts from COVID-19 during the 2022 financial year.
? We continue to deliver safe, reliable production and navigate the COVID-19 challenges as the pandemic
evolves.
? Production guidance for the 2022 financial year remains unchanged for iron ore, metallurgical coal and
energy coal. Full year total copper production guidance has been lowered to between 1,570 and 1,620 kt,
reflecting lowered production guidance for Escondida. Full year nickel production guidance has been
lowered to between 80 and 85 kt due to COVID-19 related labour constraints.
? Full year unit cost guidance(1) for Western Australia Iron Ore (WAIO), Escondida and Queensland Coal
remains unchanged. Full year unit cost guidance for New South Wales Energy Coal (NSWEC) has been
increased to between US$76 and US$81 per tonne, reflecting a targeted increase in the proportion of
higher quality coal to capture more value from the record high prices for higher quality thermal coal.
? Our potash major projects under development are tracking to plan. The Jansen shaft project is 99%
complete while Jansen Stage 1 activities continue to progress at the port, the Jansen site and for the
underground mining systems.
? The divestment of BHP’s interest in BHP Mitsui Coal (BMC) to Stanmore Resources Limited is expected
to complete on 3 May 2022.
? Completion of the proposed merger of BHP’s oil and gas portfolio with Woodside Petroleum Ltd is
targeted for 1 June 2022, subject to the satisfaction of conditions precedent including approval by
Woodside shareholders at the Woodside general meeting on 19 May 2022.

Production Mar YTD22
(vs Mar YTD21)
Mar Q22
(vs Dec Q21)
Mar Q22 vs Dec Q21 commentary
Copper (kt) 1,111.7
(10%)
369.7
1%
Higher volumes at Olympic Dam following completion of the planned smelter
maintenance campaign. This was partially offset by lower volumes at Escondida
mainly due to COVID-19 workforce impacts and public road blockades as a result of
social unrest.
Iron ore (Mt) 189.1
0%
59.7
(10%)
Lower volumes at WAIO reflecting temporary labour constraints due to COVID-19, train
driver shortages and planned maintenance activities. This was partially offset by record
production from the MAC hub with the continued ramp up of South Flank.
Metallurgical coal (Mt)(2) 28.2
(2%)
10.6
20%
Increased volumes as a result of lower rainfall than the prior period coupled with
strong operational performance driven by improved truck productivity.
Energy coal (Mt)(3) 9.8
(1%)
2.6
(13%)
Lower volumes due to continued wet weather and COVID-19 related absenteeism
impacting stripping and mine productivity, as well as an increased proportion of higher
quality products.
Nickel (kt) 58.0
(13%)
18.7
(13%)
Lower volumes reflecting temporary labour constraints due to COVID-19 related
absenteeism and workforce shortages.
Discontinued operations
Petroleum (MMboe) 77.3. 2% 24.1 (6%)
Lower volumes due to reduced seasonal gas demand at Bass Strait and lower well
productivity at Atlantis.
Group copper equivalent production decreased by 3%(4) over the nine months ended 31 March 2022 mainly due to lower copper volumes.

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