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
Metal Park launches storage hub in KEZAD
(Posted on 12/03/25)Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose... Read more
Rio Tinto to invest $1.8bn to develop Western Australia Brockman mine
(Posted on 06/03/25)Rio Tinto will invest $1.8 billion1 to develop the Brockman Syncline 1 mine project (BS1), extending... Read more
Canadian steel industry denounces tariffs on Canada
(Posted on 04/03/25)Catherine Cobden, President and CEO of the Canadian Steel Producers Association (CSPA), has released... Read more
Study: Enough scrap to meet rising U.S. demand for recycled steel
(Posted on 04/03/25)Enough domestic ferrous scrap is available for electric arc furnace (EAF) steelmakers to supply nearly... Read more
Cargill and Hafnia launch Seascale Energy
(Posted on 01/03/25)Cargill’s Ocean Transportation business and leading tanker shipping company, Hafnia, have joined... Read more
Anglo American and Codelco to unlock significant value from copper mines
(Posted on 28/02/25)Anglo American plc has announced the signing of a memorandum of understanding between its 50.1% owned... Read more
Metso invests in China to strengthen screen offering for mining and aggregates
(Posted on 15/02/25)Metso is investing in the expansion of its screening solutions in China. Metso is a frontrunner in sustainable... Read more
Cemex announces CEO transition
(Posted on 13/02/25)Cemex has announced that its CEO, Fernando A. González, has decided to retire after a successful... Read more
EUROFER: Trump’s tariffs will exacerbate already dire market environment
(Posted on 11/02/25)European Steel Association (EUROFER) President, Dr. Henrik Adam has released a statement on U.S. steel... Read more
Canadian steel producers concern at Trump’s tariff threat
(Posted on 10/02/25)Canadian Steel Producers Association President and CEO, Catherine Cobden has released the following... Read more
