BHP announces record annualised iron ore production rate | Finance News Network

BHP announces record annualised iron ore production rate

Company News

by Anna Napoli

Mining giant, BHP (ASX:BHP) has announced a 6 per cent rise in iron ore production for the 2018 June quarter when compared with the same time last year.

The company met or exceeded full year production guidance for petroleum, copper, iron ore and energy coal.

Iron ore production lifted 10 per cent for the June quarter when compared with the previous quarter.

CEO, Andrew Mackenzie said BHP has delivered a strong finish to the 2018 financial year with an 8 per cent increase in annual production and record output at Western Australia Iron ore.

Shares in BHP (ASX:BHP) closed 1.72 per cent lower to $32.50 yesterday.

 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.