News: BHP BHP Says Qtrly Copper Production 476.2 KT Vs 461.8 KT Reported Last Yr

July 20 (Reuters) - BHP Group (BHP) :

• QTRLY COPPER PRODUCTION 476.2 KT VERSUS 461.8 KT REPORTED LAST YEAR
• FINISHED YEAR WITH A STRONG Q4
• QTRLY IRON ORE WAIO (100% BASIS) PRODUCTION 72.7 MT VERSUS 71.7 MT REPORTED LAST YEAR
• QTRLY MET COAL BMA PRODUCTION 8.5 MT VERSUS 8.2 MT REPORTED LAST YEAR
• QTRLY ENERGY COAL NSWEC PRODUCTION 4.8 MT VERSUS 3.9 MT REPORTED LAST YEAR
• QTRLY NICKEL PRODUCTION 22.0 KT VERSUS 18.8 KT REPORTED LAST YEAR
• SEES FY24 COPPER PRODUCTION OF 1,720 - 1,910 KT
• PORTFOLIO IS GEARED TOWARDS HIGH QUALITY STEELMAKING AND GROWTH OPTIONS IN FUTURE FACING COMMODITIES
• JANSEN POTASH PROJECT IN CANADA REMAINS AHEAD OF PLAN AND STUDIES FOR STAGE 2 ARE PROGRESSING
• SEES FY24 NICKEL PRODUCTION 77 - 87 KT
• SEES FY24 ENERGY COAL NSWEC PRODUCTION 13 - 15 MT
• INFLATIONARY PRESSURES IMPACTED OUR BUSINESS IN YEAR, AND WE REMAIN LASER FOCUSED ON SAFETY AND PRODUCTIVITY TO REMAIN COMPETITIVE
• SEES FY24 MET COAL BMA PRODUCTION OF 28 - 31 MT
• FULL YEAR UNIT COST GUIDANCE EXPECTED TO BE ACHIEVED AT ESCONDIDA, WAIO AND NEW SOUTH WALES ENERGY COAL (NSWEC)
• FULL YEAR UNIT COST BHP MITSUBISHI ALLIANCE IS EXPECTED TO BE MARGINALLY ABOVE ITS REVISED GUIDANCE RANGE
• SEES FY24 WAIO (100% BASIS) PRODUCTION AT 282 - 294 MT
• SAMARCO PRODUCTION INCREASED BY 11%TO 4.5 MT (BHP SHARE), AS A RESULT OF HIGHER CONCENTRATOR THROUGHPUT FOR IRON ORE
• SOUTH FLANK IS ON TRACK TO RAMP UP TO FULL PRODUCTION IN NEXT 12 MONTHS
• IRON ORE PRODUCTION FOR 2024 FINANCIAL YEAR IS EXPECTED TO BE BETWEEN 4 AND 4.5 MT (BHP SHARE) AT SAMARCO
• SOUTH FLANK REMAINS ON TRACK TO RAMP UP TO FULL PRODUCTION CAPACITY OF 80 MTPA (100 PER CENT BASIS) BY END OF FY24
• AT ESCONDIDA TEAM MANAGED TO POSITION ASSET TO INCREASE OUTPUT FURTHER IN FY24
• ESCONDIDA COPPER PRODUCTIO IS EXPECTED TO INCREASE TO BETWEEN 1,080 AND 1,180 KT FOR 2024 FINANCIAL YEAR
• IRON ORE PRODUCTION AT WAIO EXPECTED TO INCREASE TO BETWEEN 250 AND 260 MT (282 AND 294 MT ON A 100 PER CENT BASIS) IN FY24
• INTEGRATION OF OZ MINERALS INTO OUR SOUTH AUSTRALIAN COPPER BUSINESS IS EXPECTED TO LIFT PRODUCTION TO BETWEEN 310 AND 340 KT IN FY24
• NICKEL WEST PRODUCTION IS EXPECTED TO BE BETWEEN 77 AND 87 KT FOR 2024 FINANCIAL YEAR, WEIGHTED TO SECOND HALF
• WEST MUSGRAVE NICKEL PROJECT IN WESTERN AUSTRALIA IS IN EARLY STAGES OF EXECUTION
• CERRO COLORADO CONTINUES TO TRANSITION TOWARDS PLANNED CLOSURE BY DECEMBER 2023
• CONTINUING TO CLOSELY MONITOR PREVIOUSLY IDENTIFIED SPENCE TAILINGS STORAGE FACILITY ANOMALIES
• FIRST PRODUCTION STILL TARGETED FOR END OF 2026 CALENDAR YEAR AT MAJOR POTASH PROJECT UNDER DEVELOPMENT AT JANSEN
• COPPER PRODUCTION OF 120 TO 140 KT AND ZINC PRODUCTION OF BETWEEN 85 AND 105 KT IS EXPECTED FOR FY 2024 FOR ANTAMINA