OREMAVEN
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2026-11-06
◂ Monitor BHP ASX

BHP Group Limited

Producer · Copper · Iron Ore · Others · Potash · CL · AU · PE · CA · AR · US · BR Rating locked: sign in to view v8 · bhp-20261024t141016-full
Last 2026-11-06
A$57.62
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1M
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Upside
Locked: sign in to view
Mkt cap
A$292.8B
EV
A$305.2B
Cash
US$18.4B
Debt
US$23.6B
3 newer ASX announcements not yet reflected in this valuation

Narrative and provenance

Research & Sources

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Chronological evidenceSource-document inventory13 documents
BHP ordinary ASX local close 13 October 2026Market Data · LowExtracted

Latest eligible local raw close AUD61.279999, volume 5434337, market data provider via miners.collect_stock_prices; one ASX ordinary share, zero-day freshness.

Document ID
market_price
Published UTC
2026-10-13T06:00:00+00:00
Projects
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Commodities
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Open original source ↗
Australian Government September 2026 Resources and Energy QuarterlyCommodity Data · HighPartial

New primary government forecast vintage; real 2026 dollar copper price eases to 5.26 USD/lb in 2031; iron ore FOB dry benchmark to 64 USD/t. These are independent forecasts, not issuer guidance; information current 20 September 2026.

Document ID
req_sep2026
Published UTC
2026-10-02T00:00:00+00:00
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BHP Annual Report 2026Results · HighPartial

Primary source independently reviewed for material operations, ownership, financial position, reserves, forecasts and contractual claims through the selected cutoff. Physical page locators identify the retained facts.

Document ID
annual_2026
Published UTC
2026-08-17T22:30:00+00:00
Projects
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Commodities
copper · iron_ore · potash · others
Open original source ↗
BHP results for the year ended 30 June 2026Results · HighPartial

Primary source independently reviewed for material operations, ownership, financial position, reserves, forecasts and contractual claims through the selected cutoff. Physical page locators identify the retained facts.

Document ID
results_2026
Published UTC
2026-08-17T22:30:00+00:00
Projects
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Commodities
copper · iron_ore · potash · others
Open original source ↗
BHP FY26 investor and analyst briefing transcript session 1Results · HighPartial

Primary source independently reviewed for material operations, ownership, financial position, reserves, forecasts and contractual claims through the selected cutoff. Physical page locators identify the retained facts.

Document ID
transcript_1
Published UTC
2026-08-17T22:30:00+00:00
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Commodities
copper · iron_ore · potash · others
Open original source ↗
BHP FY26 investor and analyst briefing transcript session 2Results · HighPartial

Primary source independently reviewed for material operations, ownership, financial position, reserves, forecasts and contractual claims through the selected cutoff. Physical page locators identify the retained facts.

Document ID
transcript_2
Published UTC
2026-08-17T22:30:00+00:00
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Commodities
copper · iron_ore · potash · others
Open original source ↗
BHP Jansen SEC S-K1300 Technical Report Summary June 2026Economic Arrangement · HighPartial

New primary technical basis provides forward mine-only capital and tax rules; distinguish reserve economic analysis from issuer financial guidance and IFRS recoverable value.

Document ID
jansen_trs
Published UTC
2026-08-18T00:00:00+00:00
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BHP Operational review for the year ended 30 June 2026Results · HighPartial

Primary source independently reviewed for material operations, ownership, financial position, reserves, forecasts and contractual claims through the selected cutoff. Physical page locators identify the retained facts.

Document ID
operations_2026
Published UTC
2026-07-16T00:00:00+00:00
Projects
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Commodities
copper · iron_ore · potash · others
Open original source ↗
BHP Jansen Stage 2 cost and schedule resetEconomic Arrangement · HighPartial

New issuer evidence defines the cost boundary and price calibration: mine/port/rail cost excludes sustaining, royalty and carbon; capital includes right-of-use construction. This prevents cost overlap.

Document ID
jansen_reset
Published UTC
2026-06-18T00:00:00+00:00
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Commodities
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Vicuña integrated technical study resultsStudy · HighPartial

Primary source independently reviewed for material operations, ownership, financial position, reserves, forecasts and contractual claims through the selected cutoff. Physical page locators identify the retained facts.

Document ID
vicuna_study
Published UTC
2026-02-16T20:00:00+00:00
Projects
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Commodities
copper · iron_ore · potash · others
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BHP original GIP inland power agreementEconomic Arrangement · HighPartial

New original primary agreement establishes the 25-year tariff term. The August replacement has the same commercial effect. Use only incremental external economic leakage, not the entire internal tariff.

Document ID
gip_original
Published UTC
2025-12-09T00:00:00+00:00
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Commodities
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BHP Operational Review for the year ended 30 June 2025Results · HighPartial

Primary source independently reviewed for material operations, ownership, financial position, reserves, forecasts and contractual claims through the selected cutoff. Physical page locators identify the retained facts.

Document ID
operations_2025
Published UTC
2025-07-18T00:00:00+00:00
Projects
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Commodities
copper · iron_ore · potash · others
Open original source ↗
Government coal royalty tier evidenceEconomic Arrangement · HighPartial

Primary NSW Treasury submission Table16-3 sets out Queensland marginal coal tiers; RevenueNSW coal return confirms open-cut10.8% from1July2024. Used to replace a discontinuous effective-rate proxy.

Document ID
coal_royalties
Published UTC
2024-04-30T00:00:00+00:00
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Evidence facts41
cashCash and cash equivalents

18532000000.0 USD

2026-06-30
debtBorrowings excluding leases

23625000000.0 USD

2026-06-30
leaseLease liabilities

3496000000.0 USD

2026-06-30
sharesIssued ordinary shares

5081391706 shares

2026-06-30
awardsUnvested zero exercise price awards

17562722 shares

2026-06-30
closureClosure provision

11598000000.0 USD

2026-06-30
streamSilver stream financial liability

4273000000.0 USD

2026-06-30
jansen_navJansen CGU recoverable amount FVLCD

8800000000.0 USD

2026-06-30
waio_resource_c_inventoryResearch-only gross waio resource_contained Fe inventory

15828814399.999998 t contained Fe

2026-06-30
waio_reserve_c_inventoryResearch-only gross waio reserve_contained Fe inventory

2402484200.0 t contained Fe

2026-06-30
samarco_resource_c_inventoryResearch-only gross samarco resource_contained Fe inventory

1851468300.0 t contained Fe

2026-06-30
samarco_reserve_c_inventoryResearch-only gross samarco reserve_contained Fe inventory

318198265.0 t contained Fe

2026-06-30
revrev

58760000000.0 USD

2026-06-30
ebitdaebitda

32947000000.0 USD

2026-06-30
cfocfo

21778000000.0 USD

2026-06-30
capexcapex

10257000000.0 USD

2026-06-30
es_guidanceEscondida FY27 midpoint

1050000 t

2026-06-30
sp_guidanceSpence FY27 midpoint

220000 t

2026-06-30
sa_guidanceCopper SA FY27 midpoint

305000 t

2026-06-30
fe_guidanceWAIO FY27 midpoint gross

292000000 t

2026-06-30
coal_deckLong term consensus coal

204 USD/t

2026-06-30
cu_deckLong term consensus copper

4.76 USD/lb

2026-06-30
vicuna_npvGross after tax study NPV8

9500000000.0 USD

2026-06-30
es_precommitGross precommitment for Escondida concentrator

800000000.0 USD

2026-06-30
reference_closeRaw ASX ordinary close

61.279999 AUD/share

2026-10-13
reference_volumeASX daily volume

5434337 shares

2026-10-13
coal_royalties_0Qld top marginal rate

40 %

2024-04-30
req_sep2026_0Copper 2031 real LME

5.26 USD/lb

2026-10-02
req_sep2026_1Iron ore 2031 real FOB 61% dry

64 USD/dmt

2026-10-02
req_sep2026_2AUD USD 2026 assumption

0.71 USD/AUD

2026-10-02
jansen_reset_0Combined mine port rail cost lower

114 USD/t

2026-06-18
jansen_reset_1Combined mine port rail cost upper

130 USD/t

2026-06-18
jansen_reset_2Consensus real FOB price

330 USD/t

2026-06-18
jansen_reset_3Reserve life

58 years

2026-06-18
gip_original_0Tariff period

25 years

2025-12-09
gip_original_1External stake

49 %

2025-12-09
gip_original_2Funding

2000000000.0 USD

2025-12-09
jansen_trs_0Forward mine-only real capital

7400000000.0 USD

2026-08-18
jansen_trs_1Annual sustaining capital

131000000.0 USD/year

2026-08-18
jansen_trs_2Combined corporate income tax

27 %

2026-08-18
jansen_trs_3Royalties plus resource surcharge

6 % revenue

2026-08-18