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
Rio Tinto expands Pilbara presence with new Karratha Hub
(Posted on 16/10/21)Rio Tinto Iron Ore Chief Executive, Simon Trott and Rio Tinto Managing Director of Port, Rail and Core... Read more
Collaboration for first carbon neutral copper cathode delivery
(Posted on 13/10/21)BHP and leading US copper cable and wire manufacturer, Southwire, have completed their first ‘... Read more
Carbon tracking for Trafigura’s nickel and cobalt trading
(Posted on 11/10/21)Trafigura Pte Ltd, one of the world’s largest physical commodity trading companies, and Circulor... Read more
Rusal and TransContainer develop green logistics
(Posted on 11/10/21)RUSAL, a leading global aluminium producer and PJSC TransContainer (part of the DELO Group), an intermodal... Read more
Host joins IIMA
(Posted on 04/10/21)The International Iron Metallica Association has welcomed Host as the latest member to join its community... Read more
First Mill E3 set to revolutionize the milling industry
(Posted on 29/09/21)Bühler is announcing a transformative moment in the history of flour milling with the opening of... Read more
First Mill E3 set to revolutionize the milling industry
(Posted on 29/09/21)Bühler is announcing a transformative moment in the history of flour milling with the opening of... Read more
Rio Tinto triples Weipa bauxite mine solar capacity
(Posted on 21/09/21)Rio Tinto has approved a new solar farm and battery storage at Weipa in Queensland, in a move that will... Read more
Trafigura raises USD400 million US Dollar Bond
(Posted on 21/09/21)Trafigura Group Pte Ltd, one of the world’s leading independent commodity trading companies, has... Read more
Rio Tinto teams with Caterpillar for zero-emissions autonomous trucks
(Posted on 16/09/21)Rio Tinto and Caterpillar have signed a Memorandum of Understanding (MoU) for Caterpillar’s development... Read more
