April 21 (Reuters) - BHP Group Ltd (BHP) : PRODUCTION GUIDANCE...

April 21 (Reuters) - BHP Group Ltd (BHP) :

• PRODUCTION GUIDANCE FOR 2022 FINANCIAL YEAR REMAINS UNCHANGED FOR IRON ORE, METALLURGICAL COAL AND ENERGY COAL
• QTRLY METALLURGICAL COAL PRODUCTION 10.6 MT VERSUS 9.6 MT REPORTED A YEAR AGO
• QTRLY COPPER PRODUCTION 369.7 KT VERSUS 391.4 KT REPORTED A YEAR AGO
• QTRLY IRON ORE WAIO (100% BASIS) PRODUCTION 66.7 MT VERSUS 66.7 MT REPORTED A YEAR AGO
• QTRLY ENERGY COAL PRODUCTION - NSWEC OF 2.6 MT
• JANSEN SHAFT PROJECT IS 99% COMPLETE WHILE JANSEN STAGE 1 ACTIVITIES CONTINUE TO PROGRESS AT PORT
• SEES FY22 COPPER PRODUCTION GUIDANCE OF 1,570 KT - 1,620 KT
• ANTICIPATE SKILLS SHORTAGES AND OVERALL LABOUR MARKET TIGHTNESS IN AUSTRALIA AND CHILE TO CONTINUE IN PERIOD AHEAD
• QTRLY NICKEL PRODUCTION 18.7 KT VERSUS 20.4 KT REPORTED A YEAR AGO
• WA IRON ORE BUSINESS CONTINUES TO PERFORM STRONGLY AS WE NAVIGATE STATE’S FIRST MAJOR COVID-19 WAVE
• WE REMAIN ON TRACK TO ACHIEVE FULL YEAR VOLUME AND COST GUIDANCE
• MARKET VOLATILITY AND INFLATIONARY PRESSURES HAVE INCREASED FURTHER AS A RESULT OF RUSSIAN INVASION OF UKRAINE
• EXPECT CONDITIONS TO IMPROVE DURING THE COURSE OF THE 2023 CALENDAR YEAR
• BHP GROUP LTD SEES FY22 NICKEL PRODUCTION GUIDANCE OF 80 - 85 KT
• QUEENSLAND METALLURGICAL COAL BUSINESS DELIVERED STRONG UNDERLYING PERFORMANCE AND BENEFITED FROM BETTER WEATHER IN THE QUARTER
• AT END OF MARCH 2022, HAD 2 MAJOR PROJECTS UNDER DEVELOPMENT, US$2.97 BILLION JANSEN MINE SHAFTS PROJECT AND US$5.7 BILLION JANSEN STAGE 1 PROJECT
• ANTICIPATE THE SKILLS SHORTAGES AND OVERALL LABOUR MARKET TIGHTNESS IN AUSTRALIA AND CHILE TO CONTINUE IN THE PERIOD AHEAD
• EXPECT CONDITIONS TO IMPROVE DURING THE COURSE OF THE 2023 CALENDAR YEAR
• FOR 2022 FINANCIAL YEAR PRODUCTION FROM SAMARCO EXPECTED TO BE AT UPPER END OF GUIDANCE RANGE
• OUR MAJOR PROJECTS UNDER DEVELOPMENT ARE TRACKING TO PLAN
• CONTINUE TO MITIGATE COST PRESSURES THROUGH A SHARP FOCUS ON OPERATIONAL RELIABILITY AND COST DISCIPLINE
• SAMARCO’S JUDICIAL REORGANISATION PROCESS IS CONTINUING IN THE COMMERCIAL COURTS OF BELO HORIZONTE, STATE OF MINAS GERAIS
• MERGER OF PETROLEUM ASSETS WITH WOODSIDE HAS PROGRESSED AND IS SET FOR COMPLETION IN JUNE 2022
• DIVESTMENT OF OUR BMC BUSINESS TO STANMORE SHOULD COMPLETE IN MAY 2022
• NEGOTIATIONS ONGOING WITH STATE, FEDERAL PROSECUTORS AND OTHER BRAZILIAN AUTHORITIES ON THE REVIEW OF FRAMEWORK AGREEMENT
• FRAMEWORK AGREEMENT RELATED TO SEEKING A DEFINITIVE AND SUBSTANTIVE SETTLEMENT OF BRAZILIAN CLAIMS RELATING TO THE DAM FAILURE
• QTRLY PETROLEUM PRODUCTION 24.1 MMBOE, DOWN 5%
• COMPLETION OF THE MERGER OF BHP’S OIL AND GAS PORTFOLIO WITH WOODSIDE IS TARGETED FOR 1 JUNE 2022
• WAIO PRODUCTION IN JUNE 2022 QUARTER IS EXPECTED TO BE IMPACTED BY CONTINUED COVID-19 RELATED ABSENTEEISM
• LABOUR SHORTAGES AND COVID-19 RELATED ABSENTEEISM REMAIN A RISK FOR THE REMAINDER OF THE YEAR FOR MET COAL PRODUCTION