BHP beats iron ore output estimates, settles China dispute; shares rise - Reuters
BHP beats iron ore output estimates, settles China dispute; shares rise Reuters
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"Our centralized procurement capability and our low-cost operations have positioned us advantageously in the face of industry wide pressure on the cost of energy and consumables as a result of the conflict in the Middle East."
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"BHP has delivered strong performance over the past nine months, including record material mined and concentrator throughput at Escondida and record production at [Western Australia iron ore]."
— Mike Henry , Executive
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<a href="https://news.google.com/rss/articles/CBMingFBVV95cUxOc203V1lnOWE0LTQ0ejZoRkF2NjR1a2phLU1pRlR5c0hpR0U3ZjgxWHNLYWx5NTlTYWN2czJvN1Y5ZEx5NTRlT1BVaFZ2bWJodWE2aWhjY2luZlNDOU9GVHkyc29fRXNQc3ptRGgwelpWNXhVbkdmVjZwWnZ3ZGs4Vmk0WXNpeHotdkh6TnFvalhPZmlrRXpWY2ZoYzRTUQ?oc=5" target="_blank">BHP beats iron ore output estimates, settles China dispute; shares rise</a> <font color="#6f6f6f">Reuters</font>
BHP Group exceeded market expectations for third-quarter iron ore production and resolved a dispute with China Mineral Resources Group, leading to a 2% increase in shares to a seven-week high.
BHP reported a 3% increase in third-quarter iron ore production and maintained its annual guidance, concluding contract negotiations with China Mineral Resources Group.
BHP's third-quarter iron ore production rose 3%, with strong performance at Western Australia operations offsetting disruptions from tropical cyclones.
BHP expects annual copper production to be in the upper half of its guidance range and has concluded iron-ore sales contract negotiations with China Mineral Resources Group.
BHP's quarterly copper production fell 7.1%, while iron ore output grew 1.7%, with the company maintaining its full-year guidance and expecting copper output towards the upper end of its range.
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