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Mar.29.2024 1USD=7.0948RMB
  SteelHome >>Raw Material>>Market Info>>International Dynamics
 
BHP Announced Iron Ore Production up 7% YoY in Q1 2020 with FY2020 Guidance Unchanged

https://en.steelhome.com [SteelHome] 2020-04-21 14:55:16

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Total iron ore production increased by three per cent to 181 Mt (205 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).

WAIO achieved record production, with higher volumes reflecting record production at Jimblebar and the impact of the train derailment in the previous period. Weather impacts from Tropical Cyclone Blake and Tropical Cyclone Damien were offset by strong performance across the supply chain, including improved car dumper reliability, with completion of a major car dumper maintenance campaign in October 2019, implementation of improved maintenance strategies, and delivery of consistent performance across our mine operations. This strong performance has resulted in healthy stock levels across our mines.

Consistent with our revised mine plan, Jimblebar fines Fe grade has improved during the March 2020 quarter, with the typical specification expected to return to above 60 per cent in the June 2020 quarter.

WAIO continues to focus on operating safely and has incorporated a series of preventative measures to help reduce the spread of COVID-19. We have reduced the number of workers on our sites, with those not critical to operations working from home. To meet border controls introduced by the Western Australian Government, over 900 employees and contractors in business critical roles have been temporarily relocated to Western Australia, including the majority of specialist roles who are based interstate, such as train drivers and train load out operators.

Mining and processing operations at Samarco remain suspended following the failure of the Fundão tailings dam and Santarém water dam on 5 November 2015. Approval of the Corrective Operating Licence (LOC) for Samarco’s operating activities at its Germano Complex was received in October 2019. As a result of precautions taken for COVID-19, operation readiness activities for restart have been slowed, with only critical activities being undertaken. 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 Samarco’s shareholders.

The South Flank project is tracking well and remains on schedule for first production in the 2021 calendar year. As at the end of March 2020, approximately 80 per cent of the contracts awarded are being performed in Australia, of which 95 per cent is within Western Australia. Some interstate employees have relocated to Western Australia to help with the project delivery. Consistent with our operations, the South Flank project continues to implement increased measures to conduct safe operations in compliance with strict health and travel guidelines put in place to help reduce the spread of COVID-19.

T1: Operational Performance

 

Mar YTD20

Mar Q20

Mar YTD20 vs   Mar YTD19

Mar Q20 vs Mar Q19

Mar Q20 vs Dec Q19

FY20 guidance

Iron ore (Mt)

181

60

3%

7%

-1%

242 - 253

WAIO (100% basis) (Mt)

205

68

4%

7%

0%

273 - 286

T2: Iron Ore Production Summary in BHP Interest

 

 

Quarter ended

Year to date

Production (kt) (1)

BHP interest

 May 2019

Jun 2019

Sep 2019

Dec 2019

Mar 2020

Mar 2020

Mar 2019

Newman

85%

15,608

17,058

16,316

15,766

16,449

48,531

49,564

Area C Joint Venture

85%

11,627

13,837

12,620

12,727

12,179

37,526

33,603

Yandi Joint Venture

85%

15,214

17,486

17,827

14,857

17,491

50,175

47,711

Jimblebar (2)

85%

13,658

14,209

14,239

17,045

13,911

45,195

44,337

Wheelarra

85%

10

5

3

-

-

3

154

Samarco

50%

-

-

-

-

-

-

-

Total

 

56,117

62,595

61,005

60,395

60,030

181,430

175,369

Note: (1) Iron ore production is reported on a wet tonnes basis. (2) Shown on a 100% basis. BHP interest in saleable production is 85%.

T3: Production and Sales

in kt

 

 May 2019

Jun 2019

Sep 2019

Dec 2019

Mar 2020

Mar 2020

Mar 2019

Pilbara, Australia

Production

 

 

 

 

 

 

 

Newman

15,608

17,058

16,316

15,766

16,449

48,531

49,564

Area C Joint Venture

11,627

13,837

12,620

12,727

12,179

37,526

33,603

Yandi Joint Venture

15,214

17,486

17,827

14,857

17,491

50,175

47,711

Jimblebar (1)

13,658

14,209

14,239

17,045

13,911

45,195

44,337

Wheelarra

10

5

3

 -

 -

3

154

Total production

56,117

62,595

61,005

60,395

60,030

181,430

175,369

Total production (100%)

63,609

71,133

69,257

68,044

68,168

205,469

198,466

Sales

 

 

 

 

 

 

 

Lump

13,603

15,568

14,785

15,982

15,617

46,384

42,637

Fines

41,981

48,064

45,509

45,785

44,764

136,058

132,567

Total

55,584

63,632

60,294

61,767

60,381

182,442

175,204

Total sales (100%)

62,853

72,173

68,291

69,481

68,439

206,211

198,032

Samarco, Brazil

Production

 -

 -

 -

 -

 -

 -

 -

Sales

 -

 -

 -

 -

 -

 -

10

Official Document


(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837 18725550282)
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