World’s leading iron ore miner – BHP Group has announced its Q1 CY’21 results today. The production for Q1 CY’21 from Western Australia iron ore operations was recorded at 66.7 mn t. The output dropped by 2% against Q1 CY’20 at 68 mn t. Fig mentioned is on 100% basis.Lower volumes at WAIO reflect weather impacts and planned Ore Handling Plant and stacker maintenance at Newman. This was partially offset by improved car dumper performance.
Output fell by 5% as compared to 70.4 mn t in Q4 CY’20.
FY’21(July 20- June’21) production guidance
BHP Group FY’21 iron ore production guidance from Western Australia (100% basis) remains at the upper half of the range 276-286 mn t for the fiscal year.Volumes are expected to be in the upper half of the guidance range as a result of strong performance at WAIO, the press release highlighted.
BHP Group’s iron ore sales down for the quarter
BHP Group’s total iron ore sales from Pilbara on 100% basis witnessed at 66 mn t for Q1 CY’21 was down against 68.4 mn t in Q1 CY’20. On a quarterly basis, sales dropped as compared to 70.8 mn t in Q4 CY’20.
BHP Group: Key Updates
- The South Flank project is expected to replace production from 80 mn t p.a. Yandi mines. The project is on schedule and budget. The project is 95% complete and is expected to be initiated by mid- CY’21.
- Samarco production was at 915,000t, after iron ore pellet production re-commenced at one concentrator in December CY’20. Production for the 2021 financial year is expected to be between 1 and 2 mn t pa (BHP share). Production capacity of approximately 8 mn t pa (100 % basis) is expected once operations are gradually ramped up.
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