BHP Expects Chile Copper Mines Will Face Mounting Challenges -- Commodity Comment
20 Abril 2021 - 07:03PM
Noticias Dow Jones
BHP Group Ltd., the world's largest mining company by market
value, on Wednesday reported a 4% fall in third-quarter iron-ore
output, alongside a 9% drop in copper production and a 7% lift in
petroleum volumes. Here are some remarks from that report:
On Chile copper mines:
"For the nine months to March 2021, our Chilean assets continued
to operate with a substantial reduction in their operational
workforces as a result of Covid-19 restrictions. The operating
environment across our Chilean assets is expected to become more
challenging in the June 2021 quarter, given escalating Covid-19
infections, increased pressures on Chile's health system and border
restrictions. Reductions in our on-site workforce are forecast to
remain substantial."
On iron-ore output:
"Western Australia Iron Ore production increased by 3% to a
nine-month record 187 million tons, reflecting record production at
Jimblebar and strong performance across the supply chain, with
improved train cycle times and car dumper performance and
reliability. This record performance was achieved despite
significant weather impacts in December 2020, January 2021 and
February 2021, and the planned Mining Area C and South Flank major
tie-in activity. Commissioning activities for South Flank are
expected to commence in the June 2021 quarter."
On projects:
"We are reliably executing our major projects, bringing on new
supply in copper, petroleum and iron ore. The Spence Growth Option
and Samarco are ramping up and West Barracouta, in Petroleum,
started production this month. First production from Petroleum's
Ruby project is expected in the coming weeks and South Flank, with
its higher grade and lump proportion, is on track to begin
production in the middle of the year."
On coal production:
"At Queensland Coal, strong underlying operational performance,
including record stripping at BMA and record production at
Goonyella, was offset by significant wet weather impacts across
most operations and planned wash plant maintenance at Saraji and
Caval Ridge in the first half of the year. At South Walker Creek,
production decreased despite record truck and shovel stripping in
the March 2021 quarter, as a result of higher strip ratios due to
ongoing impacts from geotechnical constraints and lower
yields."
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
April 20, 2021 19:48 ET (23:48 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
BHP (ASX:BHP)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
BHP (ASX:BHP)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024