BHP announced its operational review for its fiscal year end on June 2019. During BHP's FY 2020 it sees copper production between 1,705 and 1,820 kt, a 1% to 8% increase. Iron ore will range between 242 to 253 Mt, a 2% to 6% gain. For the fiscal year finished, BHP said iron ore production .
Vale (VALE) cut production forecast of iron ore fines and pellets, copper and nickel in 2020, while withdrawing the same for coal, citing coronavirus induced uncertainty.
(Adds quote from fund manager in paragraph 4, details around tax impact) MELBOURNE, Jan 22 (Reuters) - Global miner BHP Group said on Tuesday its second-quarter iron ore production .
BHP flagged a creep in iron ore production for the current financial year in Tuesdays quarterly results, saying it expected to ship 276 to 286 million tonnes for the fiscal year.
Lower iron ore production. In line with the companys expectations, we have assumed RIO to meet its lower level of production guidance of 338 million tons at Pilbara in 2019.
A train derailment at its West Australian iron ore business, two fires and a number of other setbacks saw productivity dip in BHP's iron ore, coal and petroleum divisions in the December quarter.
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Iron ore production will be within the lower end of the 360-380 Mt guidance range for 2017, and in line with the ongoing strategy to maximize margins. Nickel production reached 65,900 t in 2Q17, 7.7% lower than in 1Q17 and 16.1% lower than in 2Q16, mainly due to the rebuilding of furnace #2 in advance of the transition to a single furnace.
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Copper production rose 14% to 404,000 tonnes, in line with expectations, as the Los Colorados expansion project at Escondida started up. Full-year copper guidance was left unchanged at between 1 .
Global miner BHP Group said on Tuesday its second-quarter iron ore production fell 9 percent and flagged a $600 million negative impact due to production disruptions at its copper and iron ore .
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BHP Group, the world's biggest miner, on Tuesday maintained its full year iron ore and thermal coal output forecasts, despite production of the latter being hit by the Australian bushfires.
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Fortescue Metals Group (FMG) is the latest mining company to have its iron ore output hit by Tropical Cyclone Veronica, although the impact on profits is likely to be offset by higher iron ore prices.
Vales Production Report for the first quarter of 2020 (1Q20) was announced on Friday, April 17th. Overall, in 1Q20, production across Vale's businesses suffered limited impact due to the COVID-19 pandemic. Sales volumes of iron ore fines and pellets reached 59.0 Mt, in line with production in 1Q20. The share of premium products totalled 87% .
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Coke Iron Ore Pig Iron Finished Steel ... 43, production capacity: 10.17 million mt) Operating rate of copper rods in August reached the biggest month-on-month decline since March this year amid the low season. Operating rates at downstream cable makes dropped sharply. The impact of the decline of new orders in the downstream has been more .
BHP Billiton has forecast further increases in iron ore production after meeting its targets for the financial year, but an extended strike at a Chilean copper mine will dent its bottom line .
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Vale SA (VALE), the worlds largest producer of iron ore and nickel, has materially downgraded its production targets for FY20, due to the fallout from Covid-19.The Brazilian multinational is .
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