

(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.
Anglo American plc has announced the completion of the sale of its 33.3% minority interest in Jellinbah... Read more
Rafael Rivera has been appointed the new Country Manager Mexico of the end-to-end raw materials supplier... Read more
Tropical Cyclone Sean delivered record rain along parts of the Pilbara coastline of Western Australia... Read more
Rio Tinto has released fourth quarter production results. Chief Executive Jakob Stausholm said: &ldquo... Read more
Trafigura Group Pte Ltd. has published its 2024 Sustainability Report, highlighting the Group’... Read more
The International Longshoremen’s Association and the United States Maritime Alliance, Ltd. have... Read more
Further to the announcement of 2nd August 2024, Vitol B.V. has now completed the acquisition of... Read more
As part of a research and development programme, Rio Tinto is assessing the potential for extracting... Read more
Trafigura Group Pte Ltd, a market leader in the global commodities industry, has released results for... Read more
Anglo American plc has announced the completion of the transaction to combine the Serra da Serpentina... Read more