Iron Ore
Production
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Mar YTD22 |
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Mar Q22 |
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Mar YTD22
vs
Mar YTD21 |
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Mar Q22
vs
Mar Q21 |
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Mar Q22
vs
Dec Q21 |
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Iron ore production (kt)
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189,101 |
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59,700 |
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0 |
% |
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1 |
% |
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(10 |
%) |
Iron ore – Total iron ore production in line with the prior
period at 189 Mt. Production guidance for the 2022 financial year
remains unchanged at between 249 and 259 Mt.
WAIO production of 186 Mt (211 Mt on a 100 per cent basis) was
in line with the prior period. The impacts of temporary labour
constraints relating to COVID-19, train driver shortages,
planned track renewal works in the March 2022 quarter, and the
planned major maintenance on car dumper one and the Jimblebar train
load out in the first half were offset by continued strong supply
chain performance, including higher car dumper performance, and
favourable weather compared to the prior period. South Flank ramp
up to full production capacity of 80 Mtpa (100 per cent basis)
over three years remains on track with an average rate of 58 Mtpa
achieved in the March 2022 quarter contributing to record
production from the MAC hub and record lump sales.
Production guidance for the 2022 financial year remains unchanged
at between 246 and 255 Mt (278 and 288 Mt on a 100 per cent
basis). Production in the June 2022 quarter is expected to be
impacted by continued COVID-19 related absenteeism as Western
Australia approaches anticipated peak case numbers, and planned car
dumper maintenance.
Samarco production was 3.1 Mt (BHP share), following the
recommencement of iron ore pellet production at one concentrator in
December 2020. Production guidance for the 2022 financial year
remains unchanged at between 3 and 4 Mt (BHP share), with
production expected to be at the upper end of the guidance
range.
Coal
Production
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Mar YTD22 |
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Mar Q22 |
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Mar YTD22
vs
Mar YTD21 |
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Mar Q22
vs
Mar Q21 |
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Mar Q22
vs
Dec Q21 |
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Metallurgical coal (kt)(2)
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28,230 |
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10,562 |
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(2 |
%) |
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10 |
% |
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20 |
% |
Energy coal (kt)(3)
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9,782 |
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2,577 |
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(1 |
%) |
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(14 |
%) |
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(13 |
%) |
Metallurgical coal – Metallurgical coal production decreased
by two per cent to 28 Mt (49 Mt on a 100 per cent basis).
Queensland Coal production guidance for the 2022 financial year
remains unchanged at between 38 and 41 Mt (68 and 72 Mt on a
100 per cent basis), of which BMA is expected to contribute
between 29 and 31 Mt, and BMC is expected to contribute between 9
and 10 Mt. The divestment of BHP’s 80 per cent interest in BMC
to Stanmore Resources Limited is expected to complete on 3 May
2022 upon which date the economic interest in and operating control
of BMC transfers to Stanmore Resources Limited.
At Queensland Coal, strong underlying operational performance,
including improvements in underlying truck productivity, have been
offset by significant wet weather impacts across most operations in
the first half of the year and labour constraints, including
COVID-19 related
absenteeism, impacting stripping and mine productivity. Labour
shortages and COVID-19
related absenteeism remain a risk for the remainder of the
year.
Energy coal – Energy coal production is broadly in line with
the prior period at 10 Mt. Production guidance for the 2022
financial year remains unchanged at between 13 and 15 Mt.
At NSWEC, continued wet weather and COVID-19 related labour constraints
impacted stripping performance and mine productivity in the March
2022 quarter, offsetting the strong first half operational
performance. Higher quality products now make up almost 90 per
cent of sales compared to approximately 65 per cent of sales
in the prior period, maximising the benefit from the widening price
spread.
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BHP Operational Review for the nine months ended
31 March 2022 |
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5 |