BHP has pushed copper to the forefront of its growth plans, driving it to attempt to acquire Anglo American last year, then launching a takeover of Filo Corp. alongside partner Lundin Mining, allowing access to copper projects straddling the Argentina-Chile border that are yet to be developed; that deal closed earlier this month. BHP (BHP) CEO Mike Henry said the Filo assets were “one of the most significant global copper discoveries in decades.” Q2 production of iron ore, which last fiscal year accounted for more than 60% of the miner’s underlying earnings. “We are well positioned to continue strong momentum into the second half with a number of assets now expected to deliver production in the upper half of their respective ranges, while maintaining tight cost control,” Henry said
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