Editing BHP Group Limited

== Company Overview ==

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally. It operates through Petroleum, Copper, Iron Ore, and Coal segments. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal. It is also involved in mining, smelting, and refining of nickel; and potash development activities. In addition, the company provides towing, freight, marketing and trading, marketing support, finance, administrative, and other services. The company was founded in 1851 and is headquartered in Melbourne, Australia.

== Industry Overview ==
At the core of the global mining, metals, and petroleum industries stands BHP Group Limited, a companyshaping the availability of crucial resources that have a profound impact on economic growth, technological innovation, and industrial progress across the globe. With a legacy spanning over a century and operations spanning multiple continents, BHP has firmly established itself as a frontrunner in these core industries.

==== Mining Industry ====
BHP is very well established within the global mining Industry, within which it focuses on Iron Ore, Copper and Coal, which each lie at the centre of various businesses.

* Iron Ore: As a leading global iron ore producer, BHP supplies the world's steel industry, which is essential within various industries, such as construction, manufacturing, and infrastructure projects.
* Copper: With copper's integral role in electrical wiring, plumbing, and electronics, BHP's significant copper production supports the technological and industrial advancements of modern society.
* Coal: BHP is a notable producer of both metallurgical coal, used in steelmaking, contributing to the creation of robust and enduring structures and energy coal, used for power generation. 

==== Metals Industry ====
In the metals industry, BHP's operations extend to several key metals that underpin technological progress:

* Nickel: BHP's nickel resources are integral to the production of batteries, critical for electric vehicles and renewable energy storage systems.
* Copper: Beyond traditional applications, BHP's copper resources catalyze advancements in renewable energy technologies such as solar panels, wind turbines, and electric vehicle infrastructure.

==== Petroleum Industry ====
BHP's role in the petroleum Industry addresses high demands for oil and gas, encompassing oil and gas exploration, production, and development:

* Oil and Gas Operations: BHP's operations involve the extraction of oil and gas resources from both conventional and unconventional reserves. These resources serve as vital energy sources that impact various aspects of modern life.

== Market ==
Strong worldwide economic growth and prosperity is naturally increasing the demand for natural resources, including Metals such as Steel and Coal for construction, but also Copper for electrical applications and Nickel for batteries, to accommodate the surging demand for renewable energy and EVs. Additionally, the rising demand for more energy, due to growing economies, populations and increased urbanisation is a strong driver for increased demand and growth within the Oil and Gas Market, although it is seeing less growth due to a shift on to renewable energies.

* Accordingly, the '''Global Mining Market''' for 2023 was estimated to be around '''2,145 billion USD''' and is estimated to grow at a '''CAGR of 6.7%'''<ref>[https://www.researchandmarkets.com/reports/5781216/mining-global-market-report#:~:text=The%20various%20processes%20used%20for,(CAGR)%20of%206.1%25. https://www.researchandmarkets.com/reports/5781216/mining-global-market-report#:~:text=The%20various%20processes%20used%20for,(CAGR)%20of%206.1%25.]</ref>. 
* The '''Global Oil and Gas Market''' was found to be '''7,331 billion USD''' in 2023, being estimated to reach 8,671 billion USD in 2027, at a '''CAGR of 4.3%'''<ref>https://www.researchandmarkets.com/reports/5781047/oil-gas-global-market-report</ref>.

=== Total Addressable Market ===
Therefore, here we define BHP's Total Addressable Market (TAM) as the Global Mining Market and the Global Oil and Gas Market, which adds up to a TAM of: '''9,476 billion USD,''' estimated to reach '''11,446 billion USD in 2027.'''

== Operations ==

# '''Iron Ore Mining''': BHP is one of the biggest iron ore producers worldwide. They have many iron ore mines in Western Australia. These mines, including Mount Whaleback and Jimblebar, supply the iron needed to make steel, which is important for buildings, cars, and more.
# '''Copper Mining''': BHP is a major copper miner with operations in various different countries. Their biggest mine, Escondida in Chile, is one of the largest copper producers globally.
# '''Coal''': BHP deals with two types of coal. Metallurgical coal helps make steel, and they mine it in Australia's Bowen Basin. Thermal coal is used for power, and their involvement reflects the changing energy landscape
# '''Oil and Gas''': BHP explores for and produces oil and gas around the world. They have interests in traditional and newer energy sources, with a presence in locations like the Gulf of Mexico and Australia.
# '''Minerals''': BHP mines many different types of minerals, for many different applications, including nickel (for things like batteries), zinc, and even potash, which is used in agriculture. They have projects in places like Western Australia, Canada, and beyond.__INDEX__