BHP iron ore shipments steady as Vale falls short

Original article by Peter Ker
The Australian Financial Review – Page: 23 : 21-Apr-20

BHP will release its quarterly update on 21 April, and analysts estimate that its Pilbara iron ore shipments totalled 68 million tonnes in the first three months of 2020. This means BHP should be on track to achieve its full-year guidance for iron ore exports. Fortescue Metals Group also seems set to achieve record export volumes for the year. Brazilian iron ore giant Vale recently advised that it produced 59.6 million tonnes of iron ore fines in the March quarter, which is well below its revised target of 68-73 million tonnes.

CORPORATES
BHP GROUP LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, VALE SA, RIO TINTO LIMITED – ASX RIO

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