financetom
Business
financetom
/
Business
/
BHP first-quarter iron ore output rises 3%, tops estimates
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
BHP first-quarter iron ore output rises 3%, tops estimates
Oct 17, 2024 2:01 PM

(Reuters) -BHP Group ( BHP ) posted a 3% rise in first-quarter iron ore output on Thursday as the global mining giant benefited from efforts to ease bottlenecks at its Western Australia operations.

The company's South Flank operations ramped up to full operational capacity of 80 million tonnes (Mt) in the previous quarter.

The world's largest listed miner said iron ore output from Western Australia on a 100% basis was 71.6 million tonnes (Mt) in the three months to Sept. 30, beating a Visible Alpha consensus estimate of 70.7 Mt according to Macquarie.

BHP recorded Western Australia iron ore output of 69.4 Mt in the same quarter of last year.

The company kept its fiscal 2025 output estimates for Western Australia iron ore unchanged at between 282 Mt and 294 Mt.

(Reporting by Rishav Chatterjee and Echha Jain in Bengaluru; Editing by Sriraj Kalluvila)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Salesforce Faces Mixed Trends Amid Tough Operating Environment, Oppenheimer Says
Salesforce Faces Mixed Trends Amid Tough Operating Environment, Oppenheimer Says
Aug 26, 2024
12:39 PM EDT, 08/22/2024 (MT Newswires) -- Salesforce ( CRM ) faces mixed business trends, with durable margin improvement and earnings per share growth expected in fiscal Q2 amid a tough operating environment, Oppenheimer said in a note Thursday. Pipeline momentum remains healthy, particularly for data cloud, industry solutions, and platform technologies, and the stock trades at deep discount multiples...
Miners Rio Tinto, Teck take steps to minimize Canada rail shutdown impact
Miners Rio Tinto, Teck take steps to minimize Canada rail shutdown impact
Aug 26, 2024
TORONTO, Aug 22 (Reuters) - Rio Tinto and Teck Resources said on Thursday the labor dispute between Canada's two biggest railway companies and their workers would likely disrupt their operations and the miners were taking steps to mitigate the damage. A Rio Tinto spokesperson said the company's contingency plans to minimize the impact included trucking certain materials and products and...
Mawson Infrastructure Shares Fall After Lower Bitcoin Mining Revenue in July
Mawson Infrastructure Shares Fall After Lower Bitcoin Mining Revenue in July
Aug 26, 2024
12:54 PM EDT, 08/22/2024 (MT Newswires) -- Mawson Infrastructure Group ( MIGI ) shares were down 4.5% in recent Thursday trading after the company reported lower bitcoin revenue in July. Revenue from bitcoin self-mining business was $440,000 in July, compared with $590,000 in June, the company said. The company's total revenue for July was $3.9 million, up from $3.8 million...
Hanover Insurance Group Insider Sold Shares Worth $252,889, According to a Recent SEC Filing
Hanover Insurance Group Insider Sold Shares Worth $252,889, According to a Recent SEC Filing
Aug 26, 2024
12:47 PM EDT, 08/22/2024 (MT Newswires) -- Kathy S Lane, Director, on August 21, 2024, sold 1,884 shares in Hanover Insurance Group ( THG ) for $252,889. SEC Filing: https://www.sec.gov/Archives/edgar/data/944695/000094469524000009/xslF345X05/primary_doc.xml Price: 136.03, Change: +1.16, Percent Change: +0.86 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved