BHP’s operational review
(Posted on 18/04/19)
BHP has released its operational review for the nine moinths ended 31st March
BHP Chief Executive Officer, Andrew Mackenzie, said: “During the March 2019 quarter, we had a strong operational performance despite weather impacts across Australia and Chile. We approved Atlantis Phase 3 and now have five major projects under development. Those projects, our work on transformation, technology and culture, and our successful petroleum and copper exploration and appraisal programs will grow value and returns for years to come.”
- Production guidance for the 2019 financial year remains unchanged for petroleum, copper, metallurgical coal and energy coal. Iron ore production guidance decreased to between 265 and 270 Mt (100% basis), reflecting impacts of Tropical Cyclone Veronica.
- Group copper equivalent production(1) was broadly unchanged over the nine months ended March 2019, with volumes for the full year also expected to be in line with last year.
- Full year unit costs for Petroleum, Escondida and Queensland Coal are expected to be in line with guidance(2) . Unit costs for Western Australia Iron Ore are now expected to be below US$15 per tonne(2) , reflecting impacts of Tropical Cyclone Veronica. Unit costs for New South Wales Energy Coal are now expected to be approximately US$51 per tonne(2) , following changes to the mine plan.
- All major projects under development are tracking to plan.
- In Petroleum, the Atlantis Phase 3 project in the US Gulf of Mexico was approved and the Bélé-1 exploration well in Trinidad and Tobago encountered hydrocarbons (drilling still in progress) during the quarter.
Latest News
American Feed Industry commends vital supply chain legislation
(Posted on 23/04/24)The American Feed Industry Association (AFIA) has commended Representatives Ashley Hinson, R-Iowa-02... Read more
NGFA says NASS reports are critical to agribusiness operations
(Posted on 23/04/24)In a letter to U.S. Agriculture Secretary Tom Vilsack, the National Grain and Feed Association (NGFA... Read more
Bauxite and aluminium businesses deliver stable Rio Tinto results
(Posted on 18/04/24)Bauxite production of 13.4 million tonnes was 11% higher than the first quarter of 2023 for Rio Tinto... Read more
Rio Tinto spends more than A$16.1 billion with Australian suppliers
(Posted on 15/04/24)Rio Tinto increased its spend with suppliers and local businesses in Australia to more than A$16.1 billion... Read more
Cargill increases its renewable energy capacity by more than 40%
(Posted on 15/04/24)Cargill has reported increasing its contracted renewable energy capacity by 42% after signing five new... Read more
Agreement to set up KEZAD steel recycling and production facility
(Posted on 29/03/24)The UAE’s largest operator of integrated and purpose-built economic zones, Khalifa Economic Zones... Read more
Senate legislation includes phosphate and potash as critical minerals
(Posted on 25/03/24)The Fertilizer Institute (TFI) has praised the U.S. Senate for introducing bipartisan legislation to... Read more
Agribusiness expert’s legacy and optimism for GrainCorp’s future
(Posted on 18/03/24)Farmer, Company Director and long-standing member of the GrainCorp Board of Directors, Dan Mangelsdorf... Read more
Research offers Rotterdam guidelines for raw material transition
(Posted on 15/03/24)Different product processes, non-fossil raw materials and rare materials are crucial for a CO2-neutral... Read more
Bunge Chevron Ag Renewables to build Louisiana processing plant
(Posted on 10/03/24)Bunge and Chevron have announced approval of a final investment decision for their joint venture Bunge... Read more
