Original article by Nick Evans
The Australian – Page: 15 & 23 : 22-Feb-23

BHP has posted a 2022-23 interim net profit of $US6.46bn ($9.4bn), which is 24 per cent lower than previously. Rising costs and a fall in the iron ore price weighed on BHP’s earnings for the half-year. BHP has advised that unit costs at its flagship Pilbara iron ore operations rose by 13 year-on-year to $US18.30 per tonne, while it expects unit costs for the full year to be within the range of $US18 to $US19 a tonne. BHP has also revealed plans to sell its Daunia and Blackwater coking coal mines in order to focus on six export-quality mines that are held by its joint venture with Mitsubishi.

CORPORATES
BHP GROUP LIMITED – ASX BHP, MITSUBISHI CORPORATION