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BHP is a Melbourne-headquartered diversified miner and the world's largest listed mining company by market capitalisation.
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 7 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
Disclosed by the buyer (LS MnM corporate history, May 2024): LS MnM signed a large-scale mineral concentrate purchase agreement with BHP for 1.73 million tons over 5 years. Copper concentrate for LS MnM's Onsan smelter (Korea); source does not name the BHP mine/country of origin. Refreshed 2026-09-27: Minera Spence S.A. (Spence mine, Antofagasta Region, Chile; BHP 100%) audited FY2025 IFRS statements filed with Chile's CMF (SARYT registry), Note 4 credit risk, concentration of the ten main customers by revenue (revenue US$2,774.7m 2025, US$2,495.7m 2024) lists 'LS MnM Inc. 4.42%' of 2025 revenue (about US$122.6m, derived), pinning origin to BHP's Spence mine in Chile; contract source https://www.lsmnm.com/en/histroy_museum/corporate06
Outlook Business (25 Nov 2025), citing customs records: Kutch Copper imported ~147,000 t of copper concentrate in the ten months to October; 'BHP Group supplied 4,700 tonnes'. Mine/origin country not stated.
Minera Spence S.A. (Spence mine, Antofagasta Region, Chile; BHP 100%) audited FY2025 IFRS statements filed with Chile's CMF (SARYT registry), Note 4 credit risk, concentration of the ten main customers by revenue (revenue US$2,774.7m 2025, US$2,495.7m 2024): 'Hindalco Industries Limited 3.81%' of 2025 revenue, about US$105.7m (derived). Hindalco's only copper smelter is Dahej, Gujarat, India.
Minera Spence S.A. (Spence mine, Antofagasta Region, Chile; BHP 100%) audited FY2025 IFRS statements filed with Chile's CMF (SARYT registry), Note 4 credit risk, concentration of the ten main customers by revenue (revenue US$2,774.7m 2025, US$2,495.7m 2024): 'Guangxi Jinchuan Nonferrous Metals Co., Ltd. 8.45%' of 2025 revenue (about US$234.5m, derived) and 3.78% of 2024 (about US$94.3m). Buyer's smelter is at Fangchenggang, Guangxi, China.
Minera Spence S.A. (Spence mine, Antofagasta Region, Chile; BHP 100%) audited FY2025 IFRS statements filed with Chile's CMF (SARYT registry), Note 4 credit risk, concentration of the ten main customers by revenue (revenue US$2,774.7m 2025, US$2,495.7m 2024): 'Yangxin Hongsheng Copper Industry Co., Ltd' 16.79% of 2024 revenue (about US$419.0m, derived) and, spelled 'Angxin Hongsheng', 9.22% of 2025 (about US$255.8m). Buyer's smelter is at Yangxin, Hubei, China.
Buyer-side audited note, prepayments (预付款项) section (3), top-5 prepayment counterparties at 31 Dec 2024: GLENCORE INTERNATIONAL AG RMB 3,284.9m (34.33%), MINERA ESCONDIDA LIMITADA RMB 1,721.5m (17.99%), IXM S.A. RMB 1,673.3m (17.49%), Transamine RMB 998.9m, Werco Trade RMB 889.2m. Minera Escondida Limitada is the Escondida mine operator (Antofagasta Region, Chile; BHP 57.5% and operator), whose only products are copper concentrate and cathode, so the prepayment is for Chilean copper raw material. The buyer consolidates Tongling Nonferrous (000630), whose copper smelters are in Anhui and Chifeng, China. Caveat: a prepayment balance evidences a live purchase relationship, not a delivered tonnage; the holding company also runs a trading arm, so part of the volume may be traded on.
Buyer-side audited note, top-5 prepayment counterparties at 31 Dec 2025: MINERA ESCONDIDA LIMITADA RMB 471.9m (18.75%), Andes Capital Resources AG RMB 383.7m (15.25%), GLENCORE INTERNATIONAL AG RMB 269.0m (10.69%), SIERRA GORDA S.C.M. RMB 196.5m (7.81%), MITSUBISHI CORPORATION RTM INTERNAT PTE RMB 187.9m (7.46%). Minera Escondida Limitada is the Escondida mine operator (Antofagasta Region, Chile; BHP 57.5% and operator), selling copper concentrate and cathode, so the prepayment is for Chilean copper. The buyer China Copper (中国铜业, a Chinalco subsidiary) runs its copper smelting in China through Yunnan Copper (Kunming, Chifeng, Liangshan and Ningde smelters). Caveat: a prepayment balance evidences a live purchase relationship, not a delivered tonnage; the group also runs a trading arm, so part of the volume may be traded on.
Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.
3 other tracked dossiers name this company as a counterparty in its own sourced disclosure — this platform never wrote these rows on this company's own page, they are read here inverted from the dossier that disclosed them. This is a partial view: 1002 additional named-counterparty rows across the corpus could not be matched to a tracked dossier by name at all (mostly non-Latin legal names), so the true count is higher than what renders here.
Minera Spence S.A. (Spence mine, Antofagasta Region, Chile; BHP 100%) audited FY2025 IFRS statements filed with Chile's CMF (SARYT registry), Note 4 credit risk, ten-main-customers-by-revenue table: 'Guangxi Jinchuan Nonferrous Metals Co., Ltd. 8.45%' of 2025 revenue (about US$234.5m, derived) and 3.78% of 2024 (about US$94.3m). Pins the CL>CN concentrate corridor feeding this smelter.
Outlook Business (25 Nov 2025), citing customs records: 'In the ten months to October, the company imported about 147,000 tonnes of copper concentrate. BHP Group supplied 4,700 tonnes'. Article does not name the BHP mine or origin country.
LS Corp FY2025 사업보고서 (DART rcpNo 20260318001427), section 3 원재료 및 생산설비, 주요 원재료 현황 table, segment 엠앤엠 (LS MnM): items 동정광, 슬라임 등 for 전기동, 금, 은 생산, 2025 purchases KRW 14,384,061 million, 주요 매입처 PT. AMMAN Mineral, BHP Billiton 등. Confirms BHP as a 2025 concentrate supplier to the Onsan smelter (Ulsan, Korea). Underlying contract per LS MnM corporate history, May 2024: 1.73 million tons of concentrate over 5 years (https://www.lsmnm.com/en/histroy_museum/corporate06). Neither source names the BHP mine or country of origin (BHP ships copper concentrate from Chile, Australia and Peru), so origin stays unpinned.
Scope. This section is inverted evidence: each linked dossier wrote the original row about itself, describing its own relationship to this company. It is never a claim this company itself disclosed. Absence here is not evidence of no relationship — most of the corpus has no named-counterparty block at all yet.
This company sits on the supply side for 3 of its 3 materials — a restriction on those is a tailwind, not a headwind.
As a producer, policy pressure across its produced materials is flat.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
🇦🇺 AU accounts for 40% of severity-weighted pressure.