Bühler GmbHCimbriaVan AalstViganTBA GroupSailors Society
  • Telestack
  • Vigan
  • Sailors Society
  • Bühler GmbH
  • TBA Group
  • Geneva Dry

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

Africa’s opportunity to build sustainable logistics networks across mining sector

(Posted on 18/07/24)

Capt. Pappu Sastry, CEO of Adhira Shipping and Logistics (ASL) has said that Africa’s mining sector... Read more


Conditions on Simandou iron ore investment now satisfied

(Posted on 16/07/24)

All conditions have now been satisfied for Rio Tinto’s investment to develop the Simandou high... Read more


ADM offers segregated, traceable soybean meal to European customers

(Posted on 12/07/24)

ADM, a global leader in innovative solutions from nature, has announced that it is offering fully verified... Read more


Rio Tinto to install carbon free aluminium smelting cells

(Posted on 04/07/24)

Rio Tinto will install carbon free aluminium smelting cells at its Arvida smelter in Québec,... Read more


Moonbound appoints ASL for long-term South African lithium logistics project

(Posted on 28/06/24)

Moonbound Mining Ltd. has appointed Adhira Shipping and Logistics (ASL) as its logistics contractor... Read more


ADM and Bayer collaboration help farmers achieve lower carbon emissions

(Posted on 19/06/24)

 ADM and Bayer have announced an extension of their collaboration, working with farmers in a bid... Read more


US House appropriations bill includes reinstatement of NASS reports

(Posted on 14/06/24)

A House appropriations subcommittee in the USA has approved its Fiscal Year 2025 bill that includes... Read more


Rio Tinto to acquire Mitsubishi’s stake in Boyne aluminium smelter

(Posted on 14/06/24)

Rio Tinto has agreed to acquire Mitsubishi Corporation’s 11.65% interest in Boyne Smelters Ltd... Read more


Richards Bay Minerals’ renewable energy agreement

(Posted on 07/06/24)

Richards Bay Minerals (RBM) has signed a renewable power purchase agreement (PPA) with Khangela Emoyeni... Read more


Trafigura half year result show core business strength

(Posted on 07/06/24)

Trafigura Group Pte Ltd, a market leader in the global commodities industry, has released its 2024 Half... Read more


TelestackPort of South LouisianaTMS Awards 2023Geneva DryPort of Stockton
  • Cimbria
  • Van Aalst
  • TMS Awards 2023

Subscribe to our newsletter

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