TelestackSailors SocietyTMS Awards 2023Van AalstBühler GmbHPort of Stockton
  • Port of Stockton
  • Geneva Dry
  • Port of South Louisiana
  • Bühler GmbH
  • Vigan
  • Telestack

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

Australia’s biggest renewables deal to repower Gladstone aluminium operations

(Posted on 22/02/24)

Rio Tinto has signed Australia’s largest renewable power purchase agreement (PPA) to date to supply... Read more


BHP half year results released

(Posted on 22/02/24)

Mike Henry, Chief Executive Officer, reviewed the Company's operating and financial performance:&ldquo... Read more


Titan Lithium to set up AED 5 Billion processing plant in KEZAD

(Posted on 14/02/24)

Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose... Read more


Australia’s iron ore leaders partner for steel decarbonisation

(Posted on 11/02/24)

Australia’s two largest iron ore producers and its biggest steelmaker have partnered in their... Read more


Lithium market to face transition as demand growth slows

(Posted on 02/02/24)

The lithium market is experiencing a period of transition as demand growth slows and the industry adjusts... Read more


Top US construction economist anticipates weak first half of 2024

(Posted on 31/01/24)

The top economist for the cement, concrete, and construction industries anticipates the U.S. economy... Read more


ADM to expand traceable soybean pilot after U.S. to Europe deliveries

(Posted on 25/01/24)

ADM, a global leader in sustainably sourced solutions from nature, has announced that it has loaded... Read more


MMW and HAG merge

(Posted on 18/01/24)

Mineralmahlwerk (MMW) Hamm, one of the largest processors of mineral raw materials in Europe, and Handels... Read more


Dampier Salt agrees to sale of Lake Macleod operation to Leichhardt

(Posted on 18/01/24)

Dampier Salt Limited (Dampier Salt) has entered into a sales agreement for the Lake MacLeod salt and... Read more


Long-term outlook strong despite decline in US Aluminium demand

(Posted on 12/01/24)

The Aluminum Association in the USA has released preliminary estimates showing demand for the aluminium... Read more


TBA GroupCimbriaPort of South LouisianaViganGeneva Dry
  • TMS Awards 2023
  • TBA Group

Subscribe to our newsletter

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