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Mining News Pro - BHP Billiton - the third largest iron ore producer has recently announced results for quarter ending Sept’18.
According to Mining News Pro -BHP Billiton - the third largest iron ore producer has recently announced results for quarter ending Sept’18. The company’s total iron ore sales from Pilbara on 100% basis in quarter ended Sept`18 was recorded at 69.4 MnT, up 10% on yearly basis as against 63.3 MnT in similar quarter previous year.
The sales for Q3 CY`18 depicted 3% drop on quarterly basis as compared to Q2 CY`18 sales at 71.4 MnT.
The miner reaffirms FY`19 production guidance on 100% basis at 273-283 MnT.
BHP Billiton’s iron ore production up 8% Y-o-Y
The miner achieved Q3 CY18 production at 69.3 MnT, up 8% Y-o-Y as against 64.3 MnT in Q3 CY17 due to strong Chinese demand for high grade ore. Higher volumes at WAIO supported by record quarterly production at Jimblebar and improved reliability across our rail network and port operations.
On quarterly basis, the production dropped 4% as against Q2 CY18 at 72.2 MnT. The production dropped on quarterly basis due to maintenance and improvement program for port reliability and performance.
Key Updates:
• The South Flank sustaining iron ore project has been approved during the Jun`18 quarter, and the production is expected to begin in 2021 with an aim to replace production from ageing Yandi mines. The South Flank mine has an initial expected life of 25 years.
• Mining and processing operations at Samarco remain suspended following the failure of the Fundão tailings dam and Santarém water dam on 5 November 2015
Short Link:
https://www.miningnews.ir/En/News/284888
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