News: BHP BHP Group Posts Qtrly Copper Production Of 437.4 KT

Jan 18 (Reuters) - BHP Group Ltd (BHP) :

• QTRLY COPPER PRODUCTION 437.4 KT VERSUS 424.3 KT REPORTED A YEAR AGO
• QTRLY NICKEL PRODUCTION 19.6 KT VERSUS 17.7 KT REPORTED A YEAR AGO
• QTRLY WAIO IRON ORE (100% BASIS) PRODUCTION 72.7 MT VERSUS 74.3 MT REPORTED A YEAR AGO
• QTRLY METALLURGICAL COAL BMA PRODUCTION 5.7 MT VERSUS 7.0 MT REPORTED A YEAR AGO
• QTRLY ENERGY COAL NSWEC PRODUCTION 3.9 MT VERSUS 2.9 MT REPORTED A YEAR AGO
• SEES FY24 METALLURGICAL COAL BMA PRODUCTION OF 23 - 25 MT
• OPERATIONS ARE BEING ACTIVELY OPTIMISED, AND OPTIONS ARE BEING EVALUATED TO MITIGATE IMPACTS OF SHARP FALL IN NICKEL PRICES AT NICKEL WEST
• FULL YEAR PRODUCTION GUIDANCE AT BMA IS NOW EXPECTED TO BE BETWEEN 23 AND 25 MT
• AT NICKEL WEST, WE ARE EVALUATING OPTIONS TO MITIGATE IMPACTS OF SHARP FALL IN NICKEL PRICES
• CARRYING VALUE ASSESSMENT OF GROUP'S NICKEL ASSETS IS ONGOING
• SEES FY24 ENERGY COAL NSWEC PRODUCTION AT UPPER END OF 13- 15 MT RANGE
• PRODUCTION GUIDANCE FOR FY24 AT NSWEC IS EXPECTED TO BE AT THE UPPER END OF THE RANGE OF BETWEEN 13 AND 15 MT.
• FY24 PRODUCTION GUIDANCE RANGES REMAIN UNCHANGED FOR ALL ASSETS, WITH THE EXCEPTION OF BMA WHICH HAS BEEN LOWERED TO BETWEEN 23 AND 25 MT
• SOUTH FLANK IS ON TRACK TO RAMP UP TO FULL PRODUCTION CAPACITY OF 80 MTPA (100% BASIS) BY THE END OF FY24
• UNIT COST GUIDANCE FOR WAIO, ESCONDIDA AND SPENCE ARE EXPECTED TO BE WITHIN THEIR RESPECTIVE UNIT COST GUIDANCE RANGES AT FY24
• FOR FY24, UNIT COST GUIDANCE FOR WAIO, ESCONDIDA AND SPENCE REMAINS UNCHANGED