BHP’s operations at Mt Newman
BHP shares fell 2.7% to $38.30 on news that Vale, its big Brazilian competitor, will restart a 30 million tonnes a year iron ore mine later this week. the mine has been stopped from producing by court action following the January 25 mine dam disaster at a nearby mine in Vale's southern mining system.
BHP increased its iron ore unit cost guidance from below US$14 per tonne to below $15/t.
Inventory of imported iron ore at Chinese ports stood at 148.9 million tonnes as of April 12, data compiled by SteelHome showed.
BHP lowered its production forecast to 265-270 million tonnes from 273-283 million tonnes, while Rio Tinto cut its estimate to 333-343 million tonnes from 338-350 million tonnes.
However, the miner maintained annual production guidance for copper at 1.65 million tonnes to 1.74 million tonnes.
On Tuesday, Rio Tinto warned of ongoing problems shipping iron ore from its port in Western Australia after damage from the cyclone, prompting it to also reduce its production target for the year.
What's open and closed in Brampton Easter weekend
There will be no ferry service on Good Friday , however, holiday ferry service will run on Easter Sunday. Typically, waste and recycling collection services are not affected by the Easter weekend holiday.
BHP's March quarter production dipped 3% to 56 million tonnes.
The global Magnetite Iron Ore market report introduces bifurcation of the market into multiple segments {Primarily hematite, Magnetite, Others}; {Iron and steel, Medication, Others} on the basis of product type, innovation, form, end-user application, and also different systems and processes.
"We approved Atlantis Phase 3 and now have five major projects under development".
The miner posted an 8% year-on-year drop in copper production in the third quarter, mainly due to lower output at the world's biggest copper mine, Escondida in Chile. "Those projects, our work on transformation, technology and culture, and our successful petroleum and copper exploration and appraisal programs will grow value and returns for years to come".
BHP Group Plc (LON:BHP), today announced operational review for the nine months ended 31 March 2019. Production guidance for the 2019 financial year remains unchanged and is expected to be broadly in line with the 2018 financial year. These included disruptions after a train derailment in a remote part of Australia, an acid-plant outage at the company's Olympic Dam copper mine in Australia and a plant fire at its Spence mine in Chile.
Year-to-date production is 175Mt, or 198Mt on a 100% basis, after a flat March production result of 56Mt.
Recommended News
-
19 April 2019
Libya violence escalates as shelling hits civilians in Tripoli suburb
France however denied the allegation and said it supported the internationally-backed Libyan government in Tripoli. The situation in Libya escalated in early April after Haftar ordered the LNA to move on Tripoli.
19 April 2019Braves' Ronald Acuna Jr. hits homer from knee vs. Diamondbacks
The Braves are 13-5 in their last 18 home games, 7-3 in their last 10 Wednesday games and 6-1 in Gausman's last 7 home starts. In the bottom half, Dansby Swanson led off with a double but was doubled off when Flowers lined out to Walker at first base.
19 April 2019Elmo Crashes 'Game of Thrones' Scene in Cute 'Sesame Street' Crossover
Once Tyrion gets over the concept of a Cookie Monster, he and Cersei unearth something that's always been lost in Westeros: peace. The whole scene feels so authentic to the HBO juggernaut, a viewer might assume it was from the actual show. -
19 April 2019NY 2019: Genesis reveals Mint 2-door electric concept
In all seriousness, this electric concept shows a different side of the Genesis brand, which so far consists of larger sedans. The two-seater has a lavish interior and an extravagant yet tiny rear cargo space you can access through gullwing doors.
19 April 2019Third casino in Mississippi's Tunica County to close
Sports betting was something everyone was hoping for when it was legalized last May . Rivers Casino in Pittsburgh led with nearly $12 million in bets.
19 April 2019Wendy Williams' Estranged Husband Officially Out As Producer Of Her Show
Hunter released a statement in which he said he took full responsibility for his actions and felt awful about it. She also added that she wants to create a "whole new life" for her and her 19-year-old son, Kevin Jr . -
19 April 2019Few measles cases in Florida and Georgia, despite outbreaks elsewhere
Sedetzki said the ultra-Orthodox in particular had "several pockets" within the community that do not vaccinate. She developed a fever on March 31 and entered the hospital that same day.
19 April 2019Over 100 rental cars stolen in Chicago through ‘fraudulent’ use of app
In a statement , the Chicago Police Department said most of the vehicles had been recovered in Chicago's West Side. Car2go's global fleet in January totaled almost 14,000 vehicles in 25 locations in North America, Europe and Asia.
19 April 2019Pakistan leaves out Aamir from World Cup squad
Junaid Khan, Muhammad Hasnain, Shaheen Shah Afridi and Hassan Ali are expected to lead the Pakistani pace attack. All-rounder Muhammad Hafeez's availability in the squad is subjected to his fitness, said the chief selector. -
19 April 2019Trainspotting 2 actor Bradley Welsh shot dead in Edinburgh
Danny Dyer , who starred alongside Bradley Welsh in Danny Dyer's Deadliest Men , wrote a fitting tribute to the star. Trainspotting writer Irvine Welsh paid an emotional tribute to his friend Welsh on Twitter .
19 April 2019Brothers of Sudan's ousted president 'detained'
Deposed Sudanese President Omar al-Bashir has been moved to Khartoum's notorious Kobar maximum security prison where he's being held in solitary confinement.
19 April 2019Amazon and Google are Friends for Now
After all, it made up with Apple and ended up stocking the Apple TV and providing that platform with the Prime Video app , too. And now, following this announcement, Amazon's more affordable 4K Fire TV hardware will be able to.
/arc-anglerfish-arc2-prod-sltrib.s3.amazonaws.com/public/ACFTSUSGHBEQPEKCP3U5CQDVOM.jpg)
/arc-anglerfish-tgam-prod-tgam.s3.amazonaws.com/public/2U4DRN2CHJE3LCXNEKLC33SY4U.jpg)
