Geneva DryPort of South LouisianaTMS Awards 2023CimbriaBühler GmbHTBA Group
  • TMS Awards 2023
  • Geneva Dry
  • Vigan
  • Telestack
  • Port of Stockton
  • Sailors Society

BHP’s operational review

BHP’s operational review

(Posted on 25/01/21)

Chief Executive Officer, Mike Henry has released a statement on BHP’s operational review for the half year ended 31 December 2020:

“BHP delivered strong safety and operational performance in the first half of the 2021 financial year, including record production at Western Australia Iron Ore and concentrator throughput at Escondida.

Overall group production for the half was in line with previous strong results. We achieved a number of milestones, bringing on new production through the Spence Growth Option in Chile and the safe restart of Samarco in Brazil. In petroleum, we increased our stake in the high-quality Shenzi asset and Atlantis Phase 3 began production ahead of schedule. Coal production was impacted by wet weather in Australia and strike action in Colombia.

Our major development projects in iron ore, petroleum and potash are progressing well. We continue to build on our strong foundations, increasing future-facing options in copper and nickel through exploration, partnerships and acquisitions.

We are well positioned to sustainably grow shareholder and social value as the global economy recovers from the pandemic."

BHP expects to recognise an impairment charge of between US$1.15 billion and US$1.25 billion post tax in relation

to NSWEC and associated deferred tax assets, resulting in net operating assets of between US$250 million and

US$350 million (excluding tax). This reflects current market conditions for Australian thermal coal, the strengthening

Australian dollar, changes to the mine plan and updated assessment of the likelihood of recovering tax losses. This

will be reported as an exceptional item in the December 2020 half year. The broader carrying value assessment of

the Group’s assets is ongoing and will be finalised in conjunction with the release of the financial results on

16 February 2021.

Latest News

Anglo American completes sale of minority interest in Jellinbah for A$1.6 billion

(Posted on 31/01/25)

Anglo American plc has announced the completion of the sale of its 33.3% minority interest in Jellinbah... Read more


Rivera now MD of Cremer Erzkontor Mexico

(Posted on 30/01/25)

Rafael Rivera has been appointed the new Country Manager Mexico of the end-to-end raw materials supplier... Read more


Rio Tinto provides Iron Ore update following Tropical Cyclone Sean

(Posted on 24/01/25)

Tropical Cyclone Sean delivered record rain along parts of the Pilbara coastline of Western Australia... Read more


Rio Tinto shows greater consistency across key operations

(Posted on 19/01/25)

Rio Tinto has released fourth quarter production results. Chief Executive Jakob Stausholm said: &ldquo... Read more


Trafigura publishes 2024 Sustainability Report

(Posted on 19/01/25)

Trafigura Group Pte Ltd. has published its 2024 Sustainability Report, highlighting the Group’... Read more


NGFA comments on US East and Gulf Coast port labour deal

(Posted on 10/01/25)

The International Longshoremen’s Association and the United States Maritime Alliance, Ltd. have... Read more


Vitol completes acquisition of Noble Resources

(Posted on 07/01/25)

Further to the announcement of 2nd August 2024, Vitol B.V.  has now completed the acquisition of... Read more


Rio Tinto progresses development of Quebec gallium extraction process

(Posted on 17/12/24)

As part of a research and development programme, Rio Tinto is assessing the potential for extracting... Read more


Trafigura publishes 2024 Annual Results

(Posted on 17/12/24)

Trafigura Group Pte Ltd, a market leader in the global commodities industry, has released results for... Read more


Anglo American completes Serpentina premium iron ore transaction

(Posted on 11/12/24)

Anglo American plc has announced the completion of the transaction to combine the Serra da Serpentina... Read more


Port of StocktonTelestackViganSailors SocietyVan Aalst
  • Cimbria
  • Van Aalst
  • TBA Group

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping