ASX #2 BHP Limited

1.  Market Cap of AUD 209 billion. 2nd largest on ASX after CBA 256.62 billion market cap
2. BHP is the world's largest mining company by market cap, not just the largest in Australia. (Followed by Rio Tinto, Zijin Mining Group, Newmont etc) 
3. Mike Henry - Chief Executive Officer. 140 year old company
4. Key business
1. Copper production 2.02 Mt (FY25) - one of the world's largest copper producers. Total copper production - world (~23 million Mt). Close to 10%
2. Iron ore 263 Mt. (FY25). World production ~2.5 billion metric tonne.
3. Steelmaking Coal 18 Mt. Global production of coking coal or steelmaking or metallurgical coal is ~1.1 billion tonnes. 
4. Developing Potash mines in Canada
5. Nickel
5. 91000 employees and contractors/ mainly in Australia and Chile. (Chile Copper Escondida largest copper mine in the world)
6. REVENUE USD 51 billion. (FY24 55.6 billion)
1. Copper US$22.5 billion (Copper prices are $10,800 per tonne) - higher than FY24 (18.5 b). 17% RoCE. 
2. Iron Ore US$ 22.9 billion (FY24 27.9 billion). Production was higher, prices were lower. Unit costs increased a bit. 64% RoCE, declined compared to prev year fairly.
3. Coal revenue US$ 5 billion ($7.6 billion prev year). Lower production, lower prices. Negative RoCE
7. EBITDA USD 25.98 billion. PAT 11 billion (higher than FY24). FTY24 had impairment expenses. (Western Australia Nickel Impairment in FY24 of USD 3.7billion)