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BHP Announced Iron Ore Production Down 2% YoY in 3Q2020, FY2021 Guidance Unchanged

https://en.steelhome.com [SteelHome] 2020-10-20 15:11:04

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Total iron ore production increased by eight per cent to 66 Mt (74 Mt on a 100 per cent basis). Guidance for the 2021 financial year remains unchanged at between 244 and 253 Mt (276 and 286 Mt on a 100 per cent basis).

WAIO achieved higher volumes reflecting record production at Jimblebar and strong performance across the supply chain. An uplift in car dumper reliability and performance has been enabled by the BHP Operating System and improved maintenance strategies. The ongoing program to improve productivity and provide a stable base for our tightly coupled supply chain has progressed well with the completion of a planned major maintenance campaign on car dumper three during the September 2020 quarter. Production in the December 2020 quarter is expected to be impacted by Mining Area C and South Flank major tie-in activity, and maintenance on car dumper four, scheduled to align with the tie-in activity.

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

T1: Summary

Production

3Q2020

V.S 2Q2020

V.S 3Q2019

Previous FY21 guidance

Current FY21 guidance

 

Iron Ore (Mt)

66

8%

-1%

244 – 253

244 – 253

Unchanged

WAIO (100% basis) (Mt)

74

7%

-2%

276 – 286

276 – 286

Unchanged

T2: Projects

Project and ownership

Capital expenditure US$M

Initial production target date

Capacity

Progress

South Flank (Australia) 85%

3,061

Mid-CY21

Sustaining iron ore mine to replace production from the 80 Mtpa (100 per cent basis) Yandi mine.

1.      On schedule and budget.

2.      The overall project is 84% complete.

BHP and the Banjima people have established a Heritage Advisory Council to provide input into mine planning at South Flank. The consultation process continues in parallel with our construction program at South Flank, which remains on schedule.

T3: Iron Ore Production and Sales Report

Region

in 1,000 tonnes

Quarter ended

Year to date

Sep-19

Dec-19

Mar-20

Jun-20

Sep-20

Sep-20

Sep-19

Pilbara, Australia

Production

 

 

 

 

 

 

 

Newman

16,316

15,766

16,449

17,110

16,410

16,410

16,316

Area C Joint Venture

12,620

12,727

12,179

13,973

11,889

11,889

12,620

Yandi Joint Venture

17,827

14,857

17,491

19,087

17,666

17,666

17,827

Jimblebar (1)

14,239

17,045

13,911

16,559

20,075

20,075

14,239

Wheelarra

3

-

-

-

-

-

3

Total production

61,005

60,395

60,030

66,729

66,040

66,040

61,005

Total production (100%)

69,257

68,044

68,168

75,589

74,152

74,152

69,257

Sales

 

 

 

 

 

 

 

Lump

14,785

15,982

15,617

17,252

17,056

17,056

14,785

Fines

45,509

45,785

44,764

50,904

48,390

48,390

45,509

Total

60,294

61,767

60,381

68,156

65,446

65,446

60,294

Total sales (100%)

68,291

69,481

68,439

77,048

73,355

73,355

68,291

Samarco, Brazil (2)

Production

-

-

-

-

-

-

-

Sales

-

-

-

-

-

-

-

(1) Shown on a 100% basis. BHP interest in saleable production is 85%.

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

*Iron ore production and sales are reported on a wet tonnes basis.

More Info: BHP Operational Review for the quarter ended 30 September 2020


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