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Can BHP and its new chief executive avoid repeating history? | Can BHP and its new chief executiv…

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Can BHP and its new chief executive avoid repeating history?

Brandon Craig was in the room in 2012 when the miner announced an $80 billion expenditure plan. Most projects weren’t built. Will his expansion come to fruition?

Fourteen years after a downturn in China halted BHP’s growth, a new chief executive bets the miner’s future on a massive red metal boom. Bethany Rae

A young Brandon Craig was among a group of BHP rising stars summoned to Brisbane in early 2012 for a crucial meeting about the miner’s extraordinary growth plans.

BHP’s chief executive at the time, Marius Kloppers, had promised to build three mega projects at a cost of $80 billion over five years, in a bid to tap into the explosive growth of China’s urbanisation boom.

Can BHP and its new chief executive avoid repeating history?

Brandon Craig was in the room in 2012 when the miner announced an $80 billion expenditure plan. Most projects weren’t built. Will his expansion come to fruition?

Fourteen years after a downturn in China halted BHP’s growth, a new chief executive bets the miner’s future on a massive red metal boom. Bethany Rae

A young Brandon Craig was among a group of BHP rising stars summoned to Brisbane in early 2012 for a crucial meeting about the miner’s extraordinary growth plans.

BHP’s chief executive at the time, Marius Kloppers, had promised to build three mega projects at a cost of $80 billion over five years, in a bid to tap into the explosive growth of China’s urbanisation boom.

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Weekly earnings wrap: BHP, CSL, NAB and more

Mentioned: BHP Group Ltd (BHP), CSL Ltd (CSL), JB Hi Fi Ltd (JBH), National Australia Bank Ltd (NAB)

This is the third edition of our weekly wrap for the August 2026 earnings season. Earnings is now in full swing with some of the largest names on the ASX reporting this week.

BHP reported strongly on the back of record copper prices, NAB highlighted weaker credit conditions ahead and CSL shares rallied on lower investor expectations and steady profit guidance.

At the other end of the spectrum, JB Hi-Fi shares fell 12% post earnings as tighter household budgets weigh on consumer stocks. Here’s a breakdown of what mattered from key results and whether it changed our analysts’ views on valuation.

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