- Write by:
-
Wednesday, July 17, 2019 - 10:19:08 AM
-
769 Visit
-
Print
Mining News Pro - BHP Group, the world’s biggest miner, on Wednesday flagged $1 billion in productivity losses for fiscal 2019 as unplanned outages and bad weather hurt its iron ore production.
According to Mining News Pro - The Anglo-Australian miner’s iron ore output fell to 71 million tonnes during the fourth-quarter ended June 30, compared with 72 million tonnes a year earlier. The figure was lower than a UBS estimate of 72.6 million tonnes.
BHP forecast fiscal 2020 iron ore production at 273 million to 286 million tonnes.
Full-year iron ore production came in at 270 million tonnes, compared with 275 million last year, and in line with the company’s forecast range of 265 million to 270 million tonnes.
Cyclone Veronica tore down the coast of Western Australia in March, hitting several iron ore export hubs, in a return of more turbulent weather after several moderate years.
That had prompted BHP to lower its fiscal 2019 iron ore production outlook.
Short Link:
https://www.miningnews.ir/En/News/398504
Iron ore futures prices ticked lower on Monday, weighed down by diminishing hopes of more stimulus in top consumer ...
Iron ore futures prices drifted higher on Thursday as the latest soft data from top consumer China triggered renewed ...
Vitol Group confirmed that it’s starting to rebuild a trading book for metals after a long stint out of the market, with ...
Australia’s Fortescue said on Monday it would form a joint venture with OCP Group to supply green hydrogen, ammonia and ...
Iron ore reversed direction after dropping to its lowest level in 10 months as optimism that the country’s economic ...
Iron ore reversed direction after dropping to its lowest level in 10 months as optimism that the country’s economic ...
Nippon Steel intends to pursue its proposed acquisition of US Steel and wants its “deep roots” in the United States to ...
Nigeria will only grant new mining licences to companies that present a plan on how minerals would be processed locally, ...
Iron ore pellet producer Ferrexpo said a court has prohibited the transfer of ownership and other shares-related ...
No comments have been posted yet ...