BHP posts record annual iron ore production, lower output elsewhere
Credit: BHP
BHP Group Ltd on Tuesday reported full-year iron ore production near the top end of its forecast range, thanks to record output at two mines in Western Australia.
However, the world’s largest listed miner posted a 4% decline in fourth-quarter output, compared with last year, and lower annual production across four of its six major divisions.
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BHP notched record output at its Jimblebar mine and Mining Area C in the Pilbara region, as robust Chinese demand and supply issues in Brazil propelled iron ore prices.