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BHPB Iron Ore production update for December 2017

Mining News - Published on Fri, 19 Jan 2018

Image Source: zacks.com
BHPB announced that its total iron ore production for the December 2017 half year was in line with the same period last year at 117 million tonne, or 136 million tonne on a 100 per cent basis. Guidance for the 2018 financial year remains unchanged at between 239 and 243 million tonne, or between 275 and 280 million tonne on a 100% basis, with volumes weighted to the second half of the financial year as expected.

At WAIO, record production at Jimblebar and Mining Area C was offset by the impact of lower opening stockpile levels following the fire at the Mt Whaleback screening plant in June 2017, and planned maintenance in the previous quarter. Volumes increased by 11% from the September 2017 quarter with a record annualised rate of 284 million tonne (100 per cent basis) achieved for the December 2017 quarter. The higher volumes reflect increased plant availability and improved rail performance. Port debottlenecking activities were completed in the December 2017 quarter and will support higher volumes in the second half of the financial year.

BHP continues to work with the relevant authorities in relation to the necessary approvals to increase system capacity to 290 million tonne per annum (100 per cent basis).

Mining and processing operations at Samarco remain suspended following the failure of the Fundão tailings dam and Santarém water dam on 5 November 2015.

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Posted By : Rabi Wangkhem on Fri, 19 Jan 2018
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