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
Partnership for renewable solar power at RBM
(Posted on 06/10/22)Richard’s Bay Minerals (RBM) will be supplied with renewable solar power through an agreement... Read more
Tomaschewski to lead Asia region at Possehl Erzkontor
(Posted on 01/10/22)Lübeck-based end-to-end service provider for raw materials Possehl Erzkontor, has appointed Nicol... Read more
Rio Tinto starts Quebec lithium concentration plant
(Posted on 01/10/22)Rio Tinto has started producing spodumene concentrate, a mineral used in the production of lithium for... Read more
Amogy and Trafigura to research ammonia cracking technology
(Posted on 25/09/22)Amogy Inc., a pioneer of emission-free, energy-dense ammonia power solutions, and Trafigura, one of... Read more
Rio Tinto and Shougang Group explore steel decarbonisation
(Posted on 25/09/22)Rio Tinto and Shougang Group, one of the world’s top 10 steel producers, have signed a Memorandum... Read more
Rio Tinto partners Volvo for low-carbon and autonomous solutions
(Posted on 15/09/22)Rio Tinto and Volvo Group have signed a Memorandum of Understanding (MoU) to create a strategic partnership... Read more
Emergency measures required now to avert European steel crisis
(Posted on 09/09/22)The European steel industry has called on EU policymakers to provide immediate relief against high energy... Read more
Europe’s fertilizer industry victim of energy chaos
(Posted on 07/09/22)Rocketing gas prices have led to curtailment or shutdown of a majority of European fertilizer production... Read more
Cargill launches Asia Pacific digital studio to accelerate food/ag innovation
(Posted on 07/09/22)Cargill is partnering with the Singapore Economic Development Board (EDB) to launch its first digital... Read more
Tata and Punjab Government to set up scrap based EAF steel plant
(Posted on 03/09/22)Tata Steel has signed a Memorandum of Understanding (MoU) with the Government of Punjab for setting... Read more
