BHP holds iron ore output outlook despite virus risks [Reuters]
BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP)
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Source: Reuters
BHP holds iron ore output outlook despite virus risks MELBOURNE (Reuters) - BHP Group on Tuesday reported a 6.3% rise in third-quarter iron ore production that slightly missed analyst estimates, and maintained its iron ore forecast despite global economic disruption caused by the coronavirus outbreak. The world’s largest listed miner warned, however, that global steel production excluding China could drop sharply this year in light of the pandemic, and that capital spending in 2021 would be lower than its current outlook of $8 billion. The company kept its annual outlook for iron ore production unchanged at 273-286 million tonnes but said petroleum output would likely hit the bottom end of previous guidance of 110-116 million barrels of oil equivalent. It also revised to the lower end of range its outlook for metallurgical coal after heavy rains in Australia’s Queensland state, and put energy coal and copper production forecasts under review given temporary shutdowns of its Cerrejon c
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Sec Filings
- 12/5/25 - Form 6-K
- 11/24/25 - Form 6-K
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- BHP's page on the SEC website