News: BHP BHP Group Posts Qtrly Iron Ore Waio (100% Basis) Production Of 68.1 MT

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

• QTRLY IRON ORE WAIO (100% BASIS) PRODUCTION 68.1 MT VERSUS 66.2 MT REPORTED LAST YEAR
• QTRLY COPPER PRODUCTION 465.9 KT VERSUS 405.9 KT REPORTED LAST YEAR
• QTRLY MET COAL PRODUCTION - BMA 6.0 MT VERSUS 6.9 MT REPORTED LAST YEAR
• QTRLY ENERGY COAL NSWEC PRODUCTION 4.1 MT VERSUS 3.9 MT REPORTED LAST YEAR
• QTRLY NICKEL PRODUCTION 18.8 KT VERSUS 19.6 KT REPORTED LAST YEAR
• REMAIN ON TRACK TO MEET COPPER, IRON ORE AND ENERGY COAL PRODUCTION FOR THE YEAR
• FY24 PRODUCTION GUIDANCE FOR BMA HAS BEEN LOWERED TO 21.5 – 22.5 MT (43 – 45 MT AT 100%)
• ESCONDIDA CONCENTRATOR FEED GRADE FOR FY24 IS EXPECTED TO BE BETWEEN 0.85% AND 0.90%
• FY24 PRODUCTION FOR SPENCE IS EXPECTED TO BE AT THE UPPER END OF THE GUIDANCE RANGE OF BETWEEN 210 AND 250KT
• EXPECT TO PROVIDE AN UPDATE ON THE LONGER-TERM FUTURE OF WESTERN AUSTRALIA NICKEL BY THE FY24 RESULTS IN AUGUST 2024
• CONTINUE TO REVIEW OUR PLANS FOR WESTERN AUSTRALIA NICKEL WITH A FOCUS ON PRESERVING CASH
• UNIT COST GUIDANCE FOR FY24 HAS INCREASED TO BETWEEN US$119/T AND US$125/T FOR BMA
• CRUSHER 2 AT CARRAPATEENA FOR COPPER SOUTH AUSTRALIA COMMISSIONED IN Q3 FY24 AND REMAINS ON TRACK TO RAMP UP IN Q4 FY24
• PRODUCTION FOR FY24 EXPECTED TO BE LOWER HALF OF GUIDANCE RANGE OF BETWEEN 77 AND 87 KT FOR WESTERN AUSTRALIA NICKEL
• EXPECT TO BE ABLE TO PROVIDE AN INFERRED MINERAL RESOURCE FOR OAK DAM LATER THIS CALENDAR YEAR
• FOR NSWEC, APPROVAL PROCESS IN RELATION TO MODIFICATION REQUEST SUBMITTED TO NSW GOVERNMENT TO EXTEND MINING APPROVAL TO 30 JUNE 2030 WILL CONTINUE INTO FY25
• FOR NSWEC, PRODUCTION FOR FY24 IS EXPECTED TO BE AT THE UPPER END OF THE GUIDANCE RANGE OF BETWEEN 13 AND 15 MT

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