BHP announces improved iron ore, copper production, expects robust production in future

(MENAFN) BHP, a prominent multinational mining company, has disclosed significant increases in its iron ore and copper production for the last quarter of the previous financial year. The company reported that its total iron ore production rose to 69.21 million tonnes, up from 65.30 million tonnes in the same period the previous year. Specifically, production of Western Australian crude (WAIO) increased to 68.17 million tonnes in the fourth quarter, compared to 64.07 million tonnes previously. These figures are based on a wet ton basis, reflecting the weight of raw materials in their natural state as extracted from the ground.

Looking ahead, BHP anticipates its total iron ore production for the current fiscal year to range between 250 and 260 million tonnes, underscoring its expectations for continued robust output in this sector. Simultaneously, BHP reported a 9 percent year-on-year increase in total copper production, reaching 1,865 million tonnes for the last financial year. For the upcoming financial year, the company projects copper production to range between 1,845 and 2,045 million tonnes.

These production updates highlight BHP's strong operational performance and strategic focus on expanding its output in key commodities like iron ore and copper. The company's optimistic production forecasts indicate confidence in meeting global demand amid evolving market conditions. 

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