25th Coaltrans AsiaIndonesia Coal Mining 2019TOC EventsCimbria Bulk Equipment A/SCleveland Cascades LtdMarine Fuels 360 China
  • Vigan
  • TMS Awards 2019
  • 25th Coaltrans Asia
  • Indonesia Coal Mining 2019
  • Sailors Society
  • Port of Stockton

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

Government must save British Steel - Union

(Posted on 23/05/19)

TSSA General Secretary, Manuel Cortes, has written to the UK Government calling on Ministers to &ldquo... Read more


Rusal receives mine license

(Posted on 23/05/19)

Rusal, a leading global aluminium producer, has obtained a license to develop the Goryachegorsk nepheline... Read more


NGFA commends removal of tariffs

(Posted on 20/05/19)

The United States National Grain and Feed Association (NGFA) has commended the Trump administration... Read more


Vale carry out new dam drill

(Posted on 20/05/19)

Vale continues to work together with public authorities to provide clarifications to the population... Read more


Cargill invests in Aleph Farms

(Posted on 20/05/19)

The demand for protein is expected to grow 70% over the next 30 years as the global population increases... Read more


Drought impacts GrainCorp results

(Posted on 14/05/19)

Australia's largest grain handler has recorded $59 million half-year loss due to drought and the lowest... Read more


Rusal’s ethical collaboration

(Posted on 14/05/19)

RUSAL, one of the world’s largest aluminium producers, is partnering with the Moscow School of... Read more


NGFA flood options

(Posted on 14/05/19)

USA Midwestern rivers have overflowed again, causing flood damage across several states. Since March... Read more


WCA welcomes Anglo American’s continued engagement

(Posted on 08/05/19)

The World Coal Association (WCA) has welcomed Anglo American’s decision to remain engaged with... Read more


Rio Tinto moves to renewable electricity

(Posted on 08/05/19)

Rio Tinto will reduce the annual carbon footprint associated with its Kennecott Utah Copper operation... Read more


5th Biennial LNG BunkeringViganTMS Awards 2019Port of StocktonTBA GroupTelestack
  • Port of Belledune
  • Telestack
  • TBA Group

Subscribe to our newsletter

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