BHP's Iron Ore Q3 Output Up 3% Y/Y, FY24 View Maintained
BHPBHP(BHP) Zacks Investment Research·2024-04-20 04:36

BHP Group (BHP) announced that its iron ore production rose 3% year over year to 61.5 Mt in the third quarter of fiscal 2024 (ended Mar 31, 2024). This was attributed to a 3% rise in iron ore output at Western Australia Iron Ore (WAIO). In the first nine-month period of 2024, iron ore production was recorded at 191 Mt, down 1% year over year. This decline can be attributed to heavy rainfall in the third quarter of fiscal 2024, the continued tie-in activity for the Rail Technology Program, the impacts of the ...