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Live: BHP lifts profit and dividend as it strikes silver deal
BHP's first-half profit came in better than expected, with the miner lifting its dividend and striking a silver deal.
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Big Aussie miner marks record earnings boost on copper
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The world's biggest mining company has posted a 28 per cent boost in interim profit after its copper division delivered most of its earnings, as prices for the metal soared during the half.
BHP, which is the largest miner by market value, made a net profit of $US5.6 billion ($A7.9 billion) ($A7.9 billion) for the first half of 2025/26, on an 11 per cent lift in revenue to $US27.9 billion ($A39.4 billion).
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BHP cashes in on ‘metal of the future’
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Worldwide demand for electrification, renewable energy, and the digital infrastructure needed to power AI has made copper, often labelled the “metal of the future,” the biggest earner at global mining giant BHP.
The world’s biggest miner hit the milestone in the half-year to December after a four-year drive to boost copper production saw red metal comprise the largest share of BHP’s underlying earnings, previously dominated by the resource giant’s output of iron ore from its Pilbara operations in Western Australia.
BHP is the world’s largest copper producer. The strong performance of its key mine in Chile, Escondida, and contributions from other mines in Chile and South Australia, resulted in the miner increasing its copper guidance to between 1.9 and 2 megatonnes.
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