Business
BHP lifts Australian iron ore shipments as prices soar – Sydney Morning Herald
Mining giant BHP has reported its biggest-ever quarterly output of iron ore from its Western Australian mines, while its oil and gas division fell short.
The miner’s production figures released on Tuesday, however, showed a weaker performance in its oil and gas business, with petroleum production declining 10 per cent to 109 million barrels of oil equivalent, falling short of the company’s forecasts of 110 million barrels.
BHP said the volumes were marginally below guidance as a result of weaker than expected gas demand due the impact of COVID-19.
Chief executive Mike Henry said BHP has delivered a strong operational performance in the 2020 fin…
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