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Feb.25.2020 1USD=7.0246RMB
  SteelHome >>Raw Material>>Market Info>>Special Studies
 
BHP Announced Iron Ore Production up 4% YoY in Q4 2019 as Record Production at Jimblebar

http://en.steelhome.cn [SteelHome] 2020-01-21 11:34:52

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Total iron ore production increased by two per cent to 121 Mt (137 Mt on a 100 per cent basis). Guidance for the 2020 financial year remains unchanged at between 242 and 253 Mt (273 and 286 Mt on a 100 per cent basis), with a stronger second half performance expected in line with our plans.

At WAIO, higher volumes reflected record production at Jimblebar and the impact of the train derailment in the December 2018 half year. This was partly offset by a major car dumper maintenance campaign (completed on 16 October 2019) to further improve port reliability and provide a stable base for our tightly coupled supply chain. Mine operations continued to deliver consistent performance.

Consistent with our revised mine plan, we expect Jimblebar fines Fe grade to improve in the second half of the 2020 financial year, with the typical specification returning to above 60 per cent in the June 2020 quarter.

Mining and processing operations at Samarco remain suspended following the failure of the Fundão tailings dam and Santarm water dam on 5 November 2015. Approval of the Corrective Operating Licence (LOC) for Samarcos operating activities at its Germano Complex was received in October 2019 and operation readiness activities for restart have commenced. Restart can occur when the filtration system is complete and Samarco has met all necessary safety requirements, and will be subject to final approval by Samarcos shareholders.

T1: Iron Ore Production Summary

Production

Dec H19

Dec Q19

Dec H19 vs Dec H18

Dec Q19 vs Dec Q18

Dec Q19 vs Sep Q19

FY20 guidance

Iron ore (Mt)

121

60

2%

4%

-1%

242 - 253

WAIO (100% basis) (Mt)

137

68

2%

4%

-2%

273 - 286

T2: Iron Ore Production Summary

Dec H19

Dec Q19

Dec H19 vs Dec H18

Dec Q19 vs Dec Q18

Dec Q19 vs Sep Q19

Iron ore (Mt)

121,400

60,395

2%

4%

-1%

T3: Iron Ore Production Summary

Quarter ended

Half Year to date

Production (kt) (1)

BHP interest

Dec 2018

Mar 2019

Jun 2019

Sep 2019

Dec 2019

Dec 2019

Dec 2019

Newman

85%

17,578

15,608

17,058

16,316

15,766

32,082

33,956

Area C Joint Venture

85%

10,280

11,627

13,837

12,620

12,727

25,347

21,976

Yandi Joint Venture

85%

15,627

15,214

17,486

17,827

14,857

32,684

32,497

Jimblebar

85%

14,326

13,658

14,209

14,239

17,045

31,284

30,679

Wheelarra

85%

30

10

5

3

0

3

144

Samarco

50%

0

0

0

0

0

0

0

Total

57,841

56,117

62,595

61,005

60,395

121,400

119,252

Note: (1) Iron ore production is reported on a wet tonnes basis.

T4: Iron Ore Production & Sales

Quarter ended

Half Year to date

Pilbara, Australia

Dec 2018

Mar 2019

Jun 2019

Sep 2019

Dec 2019

Dec 2019

Dec 2019

Production (kt)

Newman

17,578

15,608

17,058

16,316

15,766

32,082

33,956

Area C Joint Venture

10,280

11,627

13,837

12,620

12,727

25,347

21,976

Yandi Joint Venture

15,627

15,214

17,486

17,827

14,857

32,684

32,497

Jimblebar

14,326

13,658

14,209

14,239

17,045

31,284

30,679

Wheelarra

30

10

5

3

0

3

144

Total production

57,841

56,117

62,595

61,005

60,395

121,400

119,252

Total production (100%)

65,515

63,609

71,133

69,257

68,044

137,301

134,857

Sales

Lump

14,020

13,603

15,568

14,785

15,982

30,767

29,034

Fines

44,059

41,981

48,064

45,509

45,785

91,294

90,586

Total

58,079

55,584

63,632

60,294

61,767

122,061

119,620

Total sales (100%)

65,758

62,853

72,173

68,291

69,481

137,772

135,179

Samarco, Brazil(kt)

Production

0

0

0

0

0

0

0

Sales

10

0

0

0

0

0

10

Official Document


(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837)
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