BHP bumps up 2020-21 iron ore guidance on Samarco restart, softens met coal outlook

摘要

Sydney—Mining giant BHP bumped up its fiscal 2020-2021 (July- June) iron ore production guidance following the restart of its joint venture Brazilian Samarco operation, while its metallurgical coal output is expected to be in the lower end of the forecast range due to weather impact. BHP now expects iron ore production of 245 million-255 million mt for the current fiscal year, which is up from the previous range of 244 million-253 million mt. The added tonnes are all due to Samarco, while BHP's Western Australian Iron Ore guidance has remained unchanged at 276 million-286 million mt, the company said Jan. 20.