BHP Reviews Iron-Ore Output, Cost Guidance Following Cyclone
02 April 2019 - 9:04AM
Dow Jones News
By David Winning
SYDNEY--BHP Group Ltd. (BHP.AU) is reviewing its production and
unit cost guidance for this fiscal year as a result of flooding at
Port Hedland in the aftermath of Tropical Cyclone Veronica.
BHP said its initial estimate is a reduction in iron-ore
production of around 6 million to 8 million metric tons.
The company said there wasn't any major damage to its operations
at Port Hedland, but isolated flooding on site and on sections of
the rail line leading into the facility had limited train
movements.
Port Hedland is operating at reduced rates and it isn't expected
to return to full capacity until later this month, BHP said.
"We are engaging with our customers and intend to meet our
contractual commitments," BHP said.
-Write to David Winning at david.winning@wsj.com
(END) Dow Jones Newswires
April 01, 2019 17:49 ET (21:49 GMT)
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