- Write by:
-
Friday, July 20, 2018 - 9:25:37 AM
-
1311 Visit
-
Print
Mining News Pro - 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.
Short Link:
https://www.miningnews.ir/En/News/215801
China’s Ganfeng Lithium Group Co. plans to pay about $408 million to buy out its partner in a lithium mine being ...
Copper briefly traded through $10,000 a ton as investors raised bets on Federal Reserve rate cuts, and Goldman Sachs ...
China’s central bank added 60,000 troy ounces of gold to its reserves in April, official data showed on Tuesday, ...
BHP’s plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed ...
The secretary-general of the International Seabed Authority is set to run for a third term leading the United ...
First Quantum Minerals said on Monday it is looking forward to talks with Panama’s new government to find a resolution ...
BHP has put South Africa and its mining sector on the spot. The $140 billion Australian group’s ambitious swoop on rival ...
The chairman of Chile’s state-run copper giant Codelco said on Monday that he expects to reach a lithium deal with ...
Gold rose after mixed signals from the US, where optimism is growing the economy is on target for a soft landing as the ...
No comments have been posted yet ...