The Australian Australian Mining Company “BHP” said today, Wednesday, that its overall production of iron ore increased by 3% to 65. 1 million tonnes during the first quarter of the current fiscal year compared to the same period in 2016.
The company also maintained its target of producing between 249 and 260 million tonnes of iron ore over the course of the current fiscal year.
The production of the company, known as Western Iron, in Western Australia, increased during the first quarter by 3% annually to 63. 9 million tons, which reflects the continued strong performance of the supply chain and the effects of the Corona virus’s pandemic reducing compared to the first quarter of the last fiscal year.
The company has also maintained its expectation of 246–256 million tonnes of western raw material output for the fiscal year 2023.
At the same time, the company’s production of copper during the first quarter increased by 9% annually to 410 thousand tons, and it also kept its forecast for copper production during the fiscal year as a whole between 1. 63 and 1. 8 million tons.
BHP CEO Mike Henry stated that the first phase of the Potas Gansen project is anticipated to begin production on schedule in 2026, along with the production of South So-and-So iron ore.
Iron ore accounted for 3% of Australian BHP’s first-quarter production.
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