While BHP’s mines have produced at strong rates recently, the...

While BHP’s mines have produced at strong rates recently, the company’s iron ore sales plateaued between 283 million and 284 million for three consecutive years to the end of June 2022.

Fortescue’s ability to continue growing iron ore volumes over the past four years has set it apart from its big rivals in the Pilbara; BHP and Rio Tinto.:

BHP’s iron ore sales slumped to 280.7 million over the past year as the company built up unsold stockpiles in China which could be sold in future. Rio’s exports were between 321 million and 322 million in 2022 and 2021.

In comparison, Fortescue has delivered strong, sequential volume growth since it shipped 167.7 million tonnes in the year to June 2019.

Fortescue grew exports to 178.2 million tonnes in the year to June 2020, then 182.2 million tonnes in 2021 and 189 million tonnes in the year to June 2022.


https://www.copyright link/companies/mining/fortescue-beats-estimates-aims-for-fifth-consecutive-export-record-20230726-p5drjm