Which is the better buy, BHP or PLS shares?

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I've been comparing two mining giants with plenty of growth ahead. Here's which one I'd rather own. The post Which is the better buy, BHP or PLS shares? appeared first on The…

I think the Australian resources sector offers some interesting opportunities for long-term investors.

And two shares I'd happily consider buying are BHP Group Ltd (ASX: BHP) and PLS Group Ltd (ASX: PLS).

Both have impressive assets and opportunities to grow production over the coming years.

One of the main reasons I like BHP is the diversity of its operations. The mining giant has enormous iron ore and copper businesses, while its investment in potash will soon introduce another commodity to its portfolio.

I think this gives BHP a valuable advantage over miners that depend on a single commodity.

For example, while iron ore prices might struggle during a period of weaker Chinese demand, stronger copper prices could help support its earnings.

And I'm optimistic about BHP's copper operations over the long term. The company has a significant development pipeline across Chile, Australia, and the Americas, which could support higher production as demand grows from electricity infrastructure, renewable energy, and data centres.

I'm also looking forward to its Jansen potash project in Canada beginning production, which is expected in mid-2027. I believe this could become another important earnings contributor as demand for fertilisers grows.

At around $60.39, BHP trades on a PE ratio of approximately 18.2 times forecast FY27 earnings, based on CommSec consensus estimates.

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