BHP Billiton: WAIO Iron Ore Production for FY’18 at 275 MnT; Up 3% Y-o-Y

BHP Billiton – the third largest iron ore producer has recently announced its FY’18 results. The miner achieved production at 275 MnT for FY’18 from Western Australia iron ore operations on 100% basis. This is owing to improved car dumper performance and completion of rail reliability project. The FY’18 production reported increase of 3% Y-o-Y as against FY’17 production at 268.3 MnT.

The South Flank sustaining iron ore project has been approved during the Jun’18 quarter.

The miner has laid FY’19 production guidance on 100% basis at 273-283 MnT.

The average realised price stood at USD 56.7/MT, FoB in FY18 as against USD 58.4/MT in previous year.

The total iron ore production on 100% basis from Pilbara, Australia for June end quarter witnessed at 72.2 MnT, up 8% Q-o-Q as against Q1 CY’18 at 67.1 MnT. On yearly basis, the miner recorded an increase of 3% in Q2 CY’18, as against Q2 CY’17 at 69.7 MnT.

BHP Billiton’s Iron ore sales increased in FY’18

BHP Billiton’s total iron ore sales from Pilbara on 100% basis recorded at 273.2 MnT for FY’18, up 2% as against 268.2 MnT in FY’17. For Q2 CY’18 sales recorded at 71.4 MnT, decline of 5% Q-o-Q as against 67.8 MnT in last quarter. The sales for Q2 CY’18 depicted stability on yearly basis as compared to Q2 CY’17 sales at 71.1 MnT.