Australian miner BHP Billiton has announced its production results for the first half ending December 31 of the financial year 2024-25.
The company’s iron ore production in the given period increased by 1.4 percent year on year to 130.87 million mt, BHP Billiton said that it expects its iron ore production to range between 255 million mt and 265.5 million mt for the financial year 2024-25, remaining unchanged compared to previous estimations.
In the first six months, BHP Billiton’s metallurgical coal production in total decreased by 20.9 percent year on year to 11.32 million mt, resulting from the ramping-down and the commencement of the longwall move at Broadmeadow still affecting production. BHP has kept its guidance for metallurgical coal production for the financial year 2024-25 at 16.5-19 million mt.
Mike Henry, CEO of BHP, stated that the company delivered a reliable performance in the first half of the fiscal year. According to Henry, copper production continues to play a big role in the company’s growth, with the Escondia copper deposit achieving a 10-year production record.