Business
Cashed-up BHP turns down the volume – The Australian Financial Review
BHP has told investors there will be very little growth in production volumes in the year ahead.
Output from the iron ore division looks set to plateau, with BHP saying exports would rise or fall by a maximum of 2 per cent in either direction.
That means the best possible result is exports of 286 million tonnes in fiscal 2021; weaker than BHP’s long-held goal of 290 million tonnes in a single year, which analysts hoped would be achieved in fiscal 2021.
BHP proved in 2019 that it could sustain an annualised rate of 290 million tonnes for a three-month period, but doing so over a full year …
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