BHP Reports Q3 Iron Ore Production Steady at 67.8 Million Tonnes

BHP Group reported that its third-quarter iron ore production was largely steady compared to last year, with output from its Australian operations slightly down due to weather disruptions from tropical cyclones Zelia and Sean. Despite these challenges, the company achieved record nine-month iron ore production from its Central Pilbara operations, supported by improved mining activity and ramp-up at key sites. Copper production increased by 10% year-over-year, with notable contributions from the Escondida, Spence, and Copper SA mines. BHP maintained its production guidance for both iron ore and copper for the fiscal year, reflecting confidence in its operational resilience. CEO Mike Henry highlighted the company's ability to deliver results amid challenging market and weather conditions and emphasized ongoing efforts to enhance diversity and productivity. Overall, BHP is positioned to benefit from its tier-one assets and strong supply chain performance despite global volatility.