BHP might have its historic roots in Broken Hill, but for at least the last two decades it’s Western Australia that’s been the centre of the miner’s universe.
The profits pouring out of BHP’s iron ore mines in the Pilbara have long underpinned investor returns and filled the tax coffers of the West Australian and federal governments. As recently as 2021, more than 70 per cent of BHP’s earnings were generated in the iron ore division.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.