BHP GROUP LIMITED - BHP completes divestment of BMC interest

BHP completes divestment of BMC interest

BHP Group Limited
BHP Group Limited ABN 49 004 028 077
Registered in Australia
Registered Office: Level 18, 171 Collins Street Melbourne VIC 3000
Share code: BHG
ISIN: AU000000BHP4


NEWS RELEASE
Release Time         IMMEDIATE
Date                 3 May 2022
Release number       13/22


BHP completes the divestment of its BMC interest

BHP has today completed the sale of its 80 per cent interest in BHP Mitsui Coal (BMC) to Stanmore
SMC Holdings Pty Ltd, a wholly owned entity of Stanmore Resources Limited (Stanmore Resources).

Stanmore Resources has paid US$1.1 billion cash consideration at completion plus a preliminary
completion adjustment of approximately US$200 million for working capital. US$100 million cash
remains payable to BHP in six months on 3 November 2022 with potential for an additional amount of
up to US$150 million in a price-linked earnout payable to BHP in the 2024 calendar year. The total cash
consideration for the transaction will be up to US$1.35 billion plus the final completion adjustment
amount.

Stanmore Resources is an Australian Securities Exchange listed business with operations in
Queensland’s Bowen Basin and has committed to oversee and operate BMC in compliance with
industry best practice in relation to safety and environmental performance, as well as regulatory,
community and workforce engagement.


ENDS

About BMC

BMC is an operated metallurgical coal joint venture in Queensland Australia which comprises the Poitrel
and South Walker Creek operations, Red Mountain Infrastructure and the Wards Well development.

Further information on BHP can be found at: bhp.com

Sponsor: J.P. Morgan Equities South Africa Proprietary Limited

Authorised for lodgement by:
Stefanie Wilkinson
Group Company Secretary
Media Relations                                   Investor Relations

Email: media.relations@bhp.com                    Email: investor.relations@bhp.com


Australia and Asia                                Australia and Asia

Gabrielle Notley                                  Dinesh Bishop
Tel: +61 3 9609 3830                              Mobile: +61 407 033 909
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Europe, Middle East and Africa                    Europe, Middle East and Africa

Neil Burrows                                      James Bell
Tel: +44 20 7802 7484                             Tel: +44 2078 027 144
Mobile: +44 7786 661 683                          Mobile: +44 7961 636 432

Americas                                          Americas

Judy Dane                                         Sabrina Goulart
Tel: +1 713 961 8283                              Mobile: +1 832 781 6698
Mobile: +1 713 299 5342




BHP Group Limited ABN 49 004 028 077
LEI WZE1WSENV6JSZFK0JC28
Registered in Australia
Registered Office: Level 18, 171 Collins Street
Melbourne Victoria 3000 Australia
Tel +61 1300 55 4757 Fax +61 3 9609 3015
BHP Group is headquartered in Australia
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Date: 03-05-2022 09:10:00
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