The BHP Group Ltd (ASX: BHP) share price is under the spotlight today after the ASX mining share announced its June 2025 quarterly update.
BHP is one of the largest miners in the world, it produces iron ore, copper and coal. It’s also working on a potash (fertiliser) project in Canada called Jansen.
BHP June quarterly update
The business reported how much of each commodity it produced in the three months to June 2025 (the fourth quarter of FY25) compared to the fourth quarter of FY24 (year on year) and the third quarter of FY25 (quarter on quarter).
Starting with iron ore, BHP produced 70.3mt during the quarter, representing 14% quarter on quarter growth and 2% year over year growth.
Its annual iron ore production was a record too, with BHP responsible for 263mt of it (up 1% year on year) despite Tropical Cyclone Zelia and Tropical Storm Sean in the FY25 third quarter.
The miner produced 516.2kt of copper, representing 1% quarter on quarter growth and 2% year on year growth.
BHP said its annual copper production of 2mt (a record) was up 8% thanks to a strong performance across all its operating copper assets, including a 16% production increase at Escondida.
Steelmaking coal production was 5.1mt, being 31% year on year growth and 5% quarter on quarter growth. Energy coal production came to 4.1mt, being 13% quarter on quarter growth and 8% year over year growth.
It also announced contracts with COSCO Shipping for the charter of two ammonia-fuelled bulk carriers capable of reducing emissions by at least 50% and up to 95% on a per-voyage basis when run on lower or low-to-zero emissions ammonia.
Jansen potash update
BHP said that the Jansen stage 1 potash project is 68% complete. It’s now estimating the capital expenditure for stage one to be in the range of US$7 billion to US$7.4 billion, up from its original estimate of US$5.7 billion. More costs aren’t helpful for BHP shares.
The first production for this project has reverted back to the original schedule of mid-2027.
It’s also considering extending first production for stage 2 to FY31 because of the potential for additional potash supply coming to the market in the medium-term.
Final thoughts on the BHP share price
BHP’s performance and commodity prices are quite pleasing. The BHP CEO Mike Henry said:
Commodity demand globally has remained resilient so far in 2025. That resilience largely reflects China’s ongoing ability to grow its overall export base despite a significant decline in exports to the USA, and its ability to deliver robust domestic demand despite the dislocation in the property sector. Copper and steel demand have benefited from a sharp acceleration in renewable energy investment, electricity grid build out, strong machinery exports and EV sales. While slower economic growth and a fragmenting trading system remain potential headwinds, stimulus efforts by China and the USA would help to mitigate the near-term impact. Going forward, China’s 15th 5-year plan is likely to provide more visibility on policies to sustain longer term growth and development.
I think BHP is solid business to own, but I wouldn’t choose to invest right now – I’d wait for the irregular decline of the BHP share price that seems to come around every so often when commodity prices fall.
There are other ASX dividend shares I’d rather buy for dividend income.
