Iron Ore Demand Strong in China, Says BHP CEO

The transcript discusses BHP's financial performance, focusing on iron ore as a major revenue source, driven by strong demand from China. It outlines the global economic recovery, predicting volatility and a gradual return to pre-COVID levels. BHP's strategy emphasizes operational excellence over major expansions. The impact of COVID on other materials like copper and coal is noted, with a focus on long-term demand growth. BHP plans to exit some coal operations while maintaining high-quality assets. In oil and gas, BHP sees ongoing demand and plans strategic divestments to optimize returns.

What percentage of BHP's earnings is attributed to iron ore?

• 75%

• 65%

• 55%

• 45%

Which country's demand has been resilient, supporting BHP's revenue?

• Brazil

• China

• Australia

• India

What is the expected time frame for the global economy to return to pre-COVID levels?

• 6 months

• 1 year

• 2 years

• 5 years

What is BHP's strategy to grow value in its iron ore business?

• Major capital expansions

• Operational excellence

• Increasing prices

• Reducing workforce

What is BHP's medium-term guidance for iron ore production?

• 270 million tons per annum

• 250 million tons per annum

• 290 million tons per annum

• 310 million tons per annum

What is BHP's approach towards its coal operations?

• Shift focus to renewable energy

• Complete exit from all coal operations

• Focus on high-quality hard coking coal

• Increase investment in thermal coal

What is BHP's long-term view on oil demand?

• Immediate phase-out

• Decline in demand

• Stable demand

• Ongoing demand growth