Record production in sight for BHP

Original article by Nick Evans
The Australian – Page: 16 : 22-Apr-21

BHP’s quarterly activities report shows that it shipped 66 million tonnes of iron ore from the Pilbara in the March quarter. This compares with 70.8 million tonnes in the December quarter and 68.5 million tonnes during the first three months of 2020. However, the fall in export volumes had been flagged by BHP in early 2021. The resources giant will only need to ship 73.1 million tonnes in the June quarter to exceed its 2019-20 export total of 283.3 million tonnes. BHP’s full-year profits will be boosted by the continued strength of the iron ore price, which has reached a 10-year high of $US189.61 a tonne.


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