BHP CEO responds to rumors about investments in Canadian uranium mines: Currently focusing on four core commodities, will continue to explore potential opportunities in other varieties.

On August 18, during BHP's fiscal year 2026 earnings call, Chief Executive Officer Brendan Craig responded to recent market rumors that "Canadian uranium miner NexGen Energy indicated BHP may negotiate an investment in its uranium project located in the northern part of Saskatchewan, Canada." He stated that the uranium business is primarily a byproduct of the Olympic Dam mine in South Australia, and the company currently holds about 5% of the global uranium market. He emphasized that BHP's core mission at this stage is to manage its existing operations well and focus on its current four major commodity investments, with a particular emphasis on copper business, including growth projects in South Australia, Argentina, and Chile. "We will further assess whether to continue expanding our uranium business after these investments are realized," Craig said. He also mentioned that BHP would not comment on market speculation regarding the exploration of other uranium projects in Canada but would continue to study potential opportunities in other commodities. He expressed satisfaction with the existing four core categories.