Business
BHP (ASX:BHP) share price in focus following first half update
The BHP Group Ltd (ASX: BHP) share price will be on watch today following the release of its second quarter and half year production update.
How did BHP perform in the second quarter?
The Big Australian had a solid finish to the half thanks to record production at Western Australia Iron Ore (WAIO) and record average concentrator throughput at Escondida.
BHP reported iron ore production of 62,394kt for the second quarter and 128,434kt for the first half. This represents a 3% and 6% increase, respectively, on the prior corresponding periods.
Despite an improvement in copper production over the first quarter, second quarter production was 6% lower than the prior corresponding period at 428kt and 5% lower for the half at 841kt.
BHP’s…
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