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BHP cuts FY iron ore production guidance as cyclone hits
The Anglo-Australian miner lowered projections for its fiscal 2019 iron ore production to 265 million-270 million tonnes, from 273 million-283 million tonnes. Iron ore output came in at 64 million tonnes for the three months ended on March 31, compared with 67 million tonnes a year ago. At the beginning of this month, BHP put its annual iron ore production under review
BHP cuts FY iron ore production guidance as cyclone hits
BHP Group, the world's biggest miner, on Wednesday cut its annual iron ore production forecast on disruptions caused by a tropical cyclone that pushed its quarterly output of the steel-making material 5 percent lower. The Anglo-Australian miner lowered projections for its fiscal 2019 iron ore production to 265 million-270 million tonnes, from 273 million-283 million tonnes.
BHP posts 7% rise in iron ore output, flags lower
BHP said, however, that December quarter iron ore production will be affected by work linking its Mining Area C and South Flank projects in Western Australia. Its full-year forecast of 276 milllion 286 million tonnes was kept unchanged. "BHP's projects are on track, and the company is securing growth options in copper and nickel. No major
BHP cuts iron ore production outlook after Australian
17/04/2019· BHP, which put its fiscal 2019 iron ore production under review following the cyclone, lowered its forecast to 265 million-270 million tonnes, from 273 million-283 million tonnes. Iron ore output for the three months to end-March fell 5 percent to 64 million tonnes, down from 67 million tonnes a year ago.
BHP cuts iron ore production outlook after Australian
BHP Group, the world's biggest miner, joined rival Rio Tinto on Wednesday in cutting its forecast for iron ore output after a tropical cyclone, although analysts expect high prices to limit any impact on profits. Cyclone Veronica tore down the coast of Western Australia in March, hitting several iron ore export hubs, in a return of more turbulent weather conditions after several
BHP cuts FY iron ore production guidance Yahoo Finance
(Reuters) BHP Group, the world's biggest miner, on Wednesday cut its annual iron ore production forecast on disruptions caused by a tropical cyclone that pushed its
BHP cuts iron ore production outlook after Australian
BHP, which put its fiscal 2019 iron ore production under review following the cyclone, lowered its forecast to 265 million-270 million tonnes, from 273 million-283 million tonnes.
BHP cuts FY iron ore production guidance as cyclone
(Reuters) BHP Group, the world's biggest miner, on Wednesday cut its annual iron ore production forecast on disruptions caused by a tropical cyclone which pushed its quarterly output of the steel-making material 5 percent lower.
BHP Q1 iron ore output up 7%, warns of lower
(Sharecast News) BHP on Tuesday reported a 7.2% rise in first-quarter iron ore production as demand from China stabilised, but warned of a slowdown in the current three month period.
BHP spruiks low cost path to iron ore export boost
16/02/2021· BHP said iron ore prices should remain strong amid signs that Chinese steelmakers would maintain their record production rates this year and steelmakers in other nations would return to the levels
BHP raises iron ore production estimate
BHP has raised its iron ore production target for the financial year after restarting a mining operation in Brazil. The miner on Wednesday gave a half-year production update in which it said it
BHP turns defensive amid downturn NewsComAu
20/01/2016· BHP Billiton will focus on defending its balance sheet amid a global commodities rout, after lowering its full year iron ore production
BHP says cutting emissions good for iron ore
17/09/2019· BHP said accounting for Scope 3 required certain assumptions to be made, including that all iron ore sales were turned into steel, all copper production turned into copper wire and all crude oil
BHP Billiton aims to cut Australia iron ore costs, lift
06/10/2014· BHP Billiton continued to see healthy demand growth for iron ore in the mid-term as Chinese steel production is expected to rise by about 25 percent in the early to mid-2020s, he added. "Meanwhile, steel production growth in other emerging economies is outpacing China as those nations urbanise and industrialise," he said. The world's biggest diversified miner, BHP has cut
BHP cuts iron ore production SMH.au
BHP BILLITON, which had been the only big iron ore miner not to cut production, has bowed to weakening market conditions and slashed output at a pellet operation in Brazil.
BHP Group to cut more than 700 jobs: report Reuters
BHP did not respond to a Reuters request for comment on Saturday. On Tuesday, the company had said initial estimates indicated its iron ore production would take
BHP Group to cut more than 700 jobs: report, Energy
Last week, BHP chief financial officer Peter Beaven revealed plans of cuts of up to 20 per cent to his 900-strong finance team at an internal town hall meeting, the newspaper said. BHP's technology group will also face cuts in workforce as part of a restructuring that could see up to 30 per cent of its 2000 Australian and Singaporean workforce leave the group, according to the
BHP cuts FY iron ore production guidance as cyclone
(Reuters) BHP Group, the world's biggest miner, on Wednesday cut its annual iron ore production forecast on disruptions caused by a tropical cyclone which pushed its quarterly output of the steel-making material 5 percent lower.
BHP’s iron ore output jumps 7% IOL
21/10/2015· Iron ore was the only of BHP’s product divisions to increase output with copper and petroleum production declining and coal little changed. BHP will cut
BHP says cutting emissions good for iron ore
17/09/2019· BHP said accounting for Scope 3 required certain assumptions to be made, including that all iron ore sales were turned into steel, all copper production turned into copper wire and all crude oil
BHP holds iron ore output outlook despite virus risks
BHP Group on Tuesday reported a 6.3% rise in third-quarter iron ore production that slightly missed analyst estimates, and maintained its iron ore forecast despite global economic disruption
BHP cuts 2018 iron ore forecast, cites Yahoo Finance
BHP Billiton Ltd <BHP.AX> cut its 2018 fiscal year iron ore output guidance on Thursday citing issues in its railroad car unloading system, while also slightly raising its copper output expectations given higher production at the Escondida mine. A car dumper is a machine that unloads bulk cargoes from rail road cars. Overall, the outcome of the global miner's third quarter production was
BHP Group to cut more than 700 jobs: report Reuters
BHP did not respond to a Reuters request for comment on Saturday. On Tuesday, the company had said initial estimates indicated its iron ore production would take a hit of about 6 million to 8
BHP Group News Headlines. BHP Share News. Financial
BHP reported "record" production at Western Australia Iron Ore. Quarterly copper production edged 1% higher annually to 425,000 tonnes, helping year-to-date production rise 5% to 1.3 million tonnes.
BHP on track with iron ore output 9Finance
BHP's iron ore production is on track to meet full year guidance and is reviewing the forecast for copper amid the perils of the coronavirus. The big miner in a quarterly update on Tuesday said
BHP Group to cut more than 700 jobs: report, Energy
Last week, BHP chief financial officer Peter Beaven revealed plans of cuts of up to 20 per cent to his 900-strong finance team at an internal town hall meeting, the newspaper said. BHP's technology group will also face cuts in workforce as part of a restructuring that could see up to 30 per cent of its 2000 Australian and Singaporean workforce leave the group, according to the report.
Iron ore output to grow but oil cut looms 9Finance
It is only the second quarter for BHP, but it is on target to beat full year WA iron ore production guidance of 245 million tonnes, say analysts from RBC Capital Markets and Deutsche Bank.
BHP cuts FY iron ore production guidance as cyclone
(Reuters) BHP Group, the world's biggest miner, on Wednesday cut its annual iron ore production forecast on disruptions caused by a tropical cyclone which pushed its quarterly output of the steel-making material 5 percent lower.
BHP aims to slash iron ore costs to become Yahoo
06/10/2014· * Miners' focus has shifted to cost cutting on weak iron ore price * BHP targets 25 pct cut in iron ore production costs * Big miners squeeze out smaller miners (Adds BHP iron ore chief, analyst comments) LONDON/MELBOURNE, Oct 6 (Reuters) BHP Billiton (NYSE: BBL news) aims to cut its iron ore production costs by more than 25 percent and squeeze
BHP Group to cut more than 700 jobs: report Reuters
BHP did not respond to a Reuters request for comment on Saturday. On Tuesday, the company had said initial estimates indicated its iron ore production would take
BHP Cuts Iron Ore Production Outlook After Australian
BHP cuts iron ore production outlook after Australian cyclone State government bonds rate soars to 11-month high of 7.19% SolarWinds, Microsoft, FireEye, CrowdStrike executives face US
BHP on track with iron ore output 9Finance
BHP's iron ore production is on track to meet full year guidance and is reviewing the forecast for copper amid the perils of the coronavirus. The big miner in a quarterly update on Tuesday said
BHP Billiton says it will cut iron ore costs by 25 per cent
06/10/2014· BHP says it will cut costs at its iron ore mines by 25 per cent but insists the recent price falls have not changed its view about healthy long-term demand. AAP October 6,
BHP First-Half Profit Swells on Surging Iron Ore Prices
15/02/2021· (Bloomberg) -- BHP Group, the world’s top miner, reported a 16% rise in its first-half profit as record production from its iron ore operations in Western Australia helped it cash in on sharp price gains.Underlying profit was $6 billion in the six months to Dec. 31, the Melbourne-based company said Tuesday in a statement, up from $5.2 billion in the prior corresponding
BHP Group News Headlines. BHP Share News. Financial
Iron ore production increased 5.8% year-on-year to 128.4 million tonnes from 121.4 million tonnes. Metallurgical coal production was down 5.4% to
BHP to cut more than 700 white-collar jobs, including
BHP chief financial officer Peter Beaven recently revealed plans of cuts of up to 20 per cent to his 900-strong finance team at an internal town hall meeting, the newspaper said. BHP's technology group will also face cuts in workforce as part of a restructuring that could see up to 30 per cent of its 2,000 Australian and Singaporean workforce leave the group, according to the report.
Rio Tinto to cut Pilbara iron ore production by 10pc
18/03/2009· BHP Billiton, the world's third largest iron ore producer, said there was no plans to cut output at this stage, however. "We have no plans to cut production," BHP