BHP 4Q Iron-Ore Output Down 2% On Year
20 July 2021 - 9:08AM
Dow Jones News
By Rhiannon Hoyle
SYDNEY--BHP Group Ltd. said fourth-quarter iron ore production
was slightly weaker year-on-year, while output of copper also
slipped and petroleum volumes increased.
The world's biggest mining company by market value reported
output of 65.2 million metric tons of iron ore in the three months
through June, down 2% on year but up 9% on the quarter immediately
prior. That took fiscal-year production to 253.5 million tons. BHP
had earlier estimated volumes in the upper-half of a 245
million-255 million ton guidance range.
The miner said it expects fiscal 2022 output to be around
similar levels, estimating volumes of between 249 million and 259
million tons for the year through June, 2022.
BHP meantime said fourth-quarter copper production fell by 3%
year-on-year to 403,000 tons, taking fiscal-year output to 1.636
million tons. That was also in line with guidance, upgraded in
April, to produce between 1.535 million-1.660 million tons.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
July 19, 2021 19:01 ET (23:01 GMT)
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