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BHP (BHP Group) Other Liabilities for Insurance Companies


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What is BHP Group Other Liabilities for Insurance Companies?

Other Liabilities for Insurance Companies only applies to insurance companies.


BHP Group Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » BHP Group Ltd (NYSE:BHP) » Definitions » Other Liabilities for Insurance Companies
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171 Collins Street, Level 18, Melbourne, VIC, AUS, 3000
BHP is a global diversified miner mainly supplying iron ore and copper. The merger of BHP Limited and Billiton PLC created the present-day BHP Group. The dual-listed structure from the 2001 BHP and Billiton merger was collapsed in 2022. Major assets include Pilbara iron ore and Escondida copper. Onshore us oil and gas assets were sold in 2018 and the remaining Petroleum assets were spun off and merged with Woodside in 2022, with BHP vesting the Woodside shares it received to BHP shareholders. It purchased copper miner Oz Minerals in fiscal 2023 and is entering the potash market through the development of its Jansen project in Canada. However, due to low nickel prices, BHP is placing its nickel business on care and maintenance in late 2024.