BHP ltd : Q1 production update: solid in iron ore and copper but renewed challenges in met coal
>Decent numbers in iron ore, copper and energy coal, weak in met coal and nickel - Overnight, BHP published decent, in-line production numbers for Q3 2023-24 (closed 31 March) in the core Iron Ore and Copper divisions but weak in Met Coal. Production at the main WAIO iron ore division was down 1% y-o-y at 68.1mt due to heavy rainfall, maintenance on the train network and a number of hiccups in ramping up the new mines, South Flank and Mining Area C, thus standing 1% ...BHP Billiton is a global resources company. Co. operates under a Dual Listed Company (DLC) structure, which consists of the BHP Billiton Limited Group and the BHP Billiton Plc Group, operating as a single economic entity. As of June 30 2017, Co. operated four reportable segments: Petroleum, which is involved in the exploration, development and production of oil and gas; Copper, which is involved in the mining of copper, silver, lead, zinc, molybdenum, uranium and gold; Iron ore, which is involved in the mining of iron ore; and Coal, which is involved in the mining of metallurgical coal and thermal (energy) coal.
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