TIDMBHP
RNS Number : 4518P
BHP Group PLC
19 October 2021
Release Time IMMEDIATE
Date 19 October 2021
Release Number 23/21
BHP OPERATIONAL REVIEW
FOR THE QUARTERED 30 SEPTEMBER 2021
Note: All guidance is subject to further potential impacts from
COVID-19 during the 2022 financial year.
-- We safely delivered reliable operational performance during
the quarter as we executed a series of planned major maintenance
activities across our assets.
-- All production and unit cost guidance(1) remains unchanged for the 2022 financial year.
-- Our major projects under development are tracking to plan,
with two new projects, the Jansen Stage 1 potash project and the
Shenzi North development project in the US Gulf of Mexico, approved
during the September 2021 quarter. The Jansen shaft project is 96%
complete, and the Trion oil project in Mexico moved into the Front
End Engineering Design (FEED) phase and is expected to progress to
a Final Investment Decision from mid-calendar year 2022.
-- The announced agreement to pursue a proposed merger of our
Petroleum business with Woodside to create a global top 10
independent energy company is progressing to plan, with full form
transaction documents expected in November 2021.
-- We announced our i ntention to unify our corporate structure
under BHP's existing Australian parent company subject to final
Board and other approvals. Unification would create a simplified
structure and enhance strategic flexibility. If approved,
unification is expected to occur in March 2022 quarter.
-- In Petroleum, the Calypso appraisal well Bongos-3 in Trinidad
and Tobago spud on 27 July 2021 and encountered hydrocarbons. A
side track is currently being drilled to complete the
appraisal.
-- In Copper exploration, BHP exercised its option to form an
exploration joint venture with Red Tiger Resources for the
Intercept Hill copper project, which borders BHP's Oak Dam site in
South Australia.
Sep Q21 Sep Q21
Production (vs Sep Q20) (vs Jun Q21) Sep Q21 vs Jun Q21 commentary
----------------------- ------------- ------------- -------------------------------------------------------------------------------------------------
Petroleum (MMboe) 27.5 27.5 Higher volumes due to increased production from Ruby and higher seasonal gas demand at Bass
Strait, partially offset by lower production at North West Shelf and natural field decline.
3% 2%
Copper (kt) 376.5 376.5 Lower volumes at Olympic Dam due to the commencement of the planned smelter maintenance campaign,
albeit approximately one month delayed due to COVID-19 related border restrictions.
(9%) (7%)
Iron ore (Mt) 63.3 63.3 Lower volumes reflects planned major maintenance including car dumper one and the impacts
of temporary rail labour shortages due to COVID-19 related border restrictions, which have
improved during September 2021.
(4%) (3%)
Metallurgical coal (Mt) 8.9 8.9 Lower volumes due to planned maintenance at BMA, a planned longwall move at Broadmeadow and
mining in higher strip ratio areas at BMC. This was partially offset by record stripping at
BMC reflecting a step up in underlying truck productivity at South Walker Creek.
(9%) (25%)
Energy coal (Mt) 4.2 4.2 Lower volumes at NSWEC due to mining in higher strip ratio areas, partially offset by increased
stripping enabled by continued improvement in underlying truck productivity.
17% (6%)
Nickel (kt) 17.8 17.8 Lower volumes due to planned maintenance across the supply chain.
(20%) (21%)
Group copper equivalent production decreased by 5% in the
September 2021 quarter following lower minerals volumes largely a
result of planned maintenance.
1
Summary
BHP Chief Executive Officer, Mike Henry:
"BHP's operations delivered reliably during the first quarter
and we completed planned major maintenance activities across a
number of our assets. We continue to skilfully navigate the ongoing
challenges of COVID-19.
We progressed the ramp-up of production of high quality iron ore
at South Flank and copper from the Spence Growth Option, and we
delivered first nickel sulphate from our new plant at Kwinana.
We sanctioned the Jansen Stage 1 potash project in Canada, and
made a series of targeted investments in copper and nickel
exploration in Australia and Canada. These are aligned with our
efforts to increase our exposure to future facing commodities and
to position the portfolio to continue to deliver attractive returns
and long-term value to shareholders."
Operational performance
Production and guidance are summarised below.
Note: All guidance is subject to further potential impacts from
COVID-19 during the 2022 financial year.
Sep Q21 Sep Q21 Current
Sep vs vs FY22
Production Q21 Sep Q20 Jun Q21 guidance
------------------------------------ ------ -------- -------- ------------- ---------
Petroleum (MMboe) 27.5 3% 2% 99 - 106 Unchanged
Copper (kt) 376.5 (9%) (7%) 1,590 - 1,760
Escondida (kt) 243.7 (14%) (1%) 1,000 - 1,080 Unchanged
Pampa Norte (kt) 67.5 59% (3%) 330 - 370 Unchanged
Olympic Dam (kt) 29.5 (43%) (42%) 140 - 170 Unchanged
Antamina (kt) 35.8 3% (1%) 120 - 140 Unchanged
Iron ore (Mt) 63.3 (4%) (3%) 249 - 259
WAIO (Mt) 62.3 (6%) (3%) 246 - 255 Unchanged
WAIO (100% basis) (Mt) 70.6 (5%) (3%) 278 - 288 Unchanged
Samarco (Mt) 1.0 100% 2% 3 - 4 Unchanged
Metallurgical coal (Mt) 8.9 (9%) (25%) 39 - 44
Queensland Coal (100% basis) (Mt) 15.6 (9%) (26%) 70 - 78 Unchanged
Energy coal (Mt)(i) 4.2 17% (6%) 13 - 15
NSWEC (Mt) 4.2 17% (6%) 13 - 15 Unchanged
Nickel (kt) 17.8 (20%) (21%) 85 - 95 Unchanged
Assets held for sale
Energy coal - Cerrejón (Mt)(i) 2.1 98% 15% n/a
(i) Cerrejón production guidance has ceased reflecting the
announced divestment of our interest in June 2021 and volumes will
be reported separately from 1 July 2021 until transaction
completion.
Major development projects
During the September 2021 quarter, the BHP Board approved an
investment of US$5.7 billion (C$7.5 billion) for the Jansen Stage 1
project in Canada and US$544 million for the Shenzi North
development project in the US Gulf of Mexico.
At the end of the September 2021 quarter, BHP had four major
projects under development, in petroleum (Mad Dog Phase 2 and
Shenzi North development) and potash (Jansen mine shafts and Jansen
Stage 1), with a combined budget of US$11.42 billion over the life
of the projects.
2
Corporate update
In August 2021, we announced a merger proposal to combine our
Petroleum business with Woodside Petroleum Ltd by an all-stock
merger, subject to confirmatory due diligence, negotiation and
execution of full form transaction documents and satisfaction of
conditions precedent including required approvals. The proposed
merger would create a global top 10 independent energy company by
production and be the largest energy company on the Australian
Stock Exchange. Execution of a Share Sale Agreement and Integration
and Transition Services Agreement is expected to take place in
November 2021. Following receipt of all approvals, the merger is
expected to be completed in the second quarter of the 2022 calendar
year with an effective date of 1 July 2021. An integration team
with representatives from both companies has been established and
is progressing integration planning activities, which includes
developing a path to unlock estimated synergies of more than US$400
million per annum.
In August 2021, we also announced that we intend to unify our
dual listed company (DLC) structure, subject to final Board
approval, third party consents, regulatory, shareholder and court
approvals. Unification would result in a corporate structure that
is simpler, more efficient and improves portfolio flexibility to
maximise value for shareholders over the long-term, including
facilitating a simpler separation of Petroleum. Constructive
engagement with regulators and third parties continues and the
process remains on track. If all approvals are received,
unification is expected to occur in the March 2022 quarter.
On 14 September 2021, BHP released its Climate Transition Action
Plan 2021 (CTAP). The CTAP builds on the Climate Change Report we
released in September last year and has been designed with
reference to the structure of the Climate Action 100+ Net Zero
Company Benchmark, which was established in late 2020. It provides
an update on BHP's performance in a format that responds to
evolving investor assessment and disclosure frameworks, announces
our enhanced position on Scope 3, and continues BHP's demonstrated
and long-term commitment to engagement and transparency on our
approach to climate change.
In October 2021, we entered into renewable energy supply
agreements that will see Olympic Dam reduce its operational
emissions to zero for 50 per cent of its electricity consumption by
2025, based on current forecast demand. Iberdrola Renewable Energy
Park near Port Augusta in South Australia will supply the renewable
energy under the agreement and, once in operation in July 2022,
will be Australia's largest solar-wind hybrid plant. This
announcement follows BHP's entry into renewable energy agreements
for BHP's operations in Western Australia, Queensland and
Chile.
In October 2021, we also signed a Memorandum of Understanding
(MoU) with South Korea's POSCO, one of the world's largest
steelmakers to jointly explore greenhouse gas emissions reduction
technologies in the integrated steelmaking value chain.
Our Support Agreement with Noront Resources (Noront) to make an
all-cash takeover offer for Noront remains in place. Noront owns an
extensive land package that includes the Eagle's Nest nickel and
copper deposit in the James Bay Lowlands, Ontario, in an emerging
metals area known as the Ring of Fire.
Samarco's Judicial Reorganisation process is continuing in the
Commercial Courts of Belo Horizonte, State of Minas Gerais. The
Judicial Reorganisation is a means for Samarco to restructure its
financial debts in order to establish a sustainable independent
financial position as Samarco continues to rebuild its operations
safely and meet its Renova Foundation obligations.
In addition, negotiations are ongoing with State and Federal
Prosecutors and certain other Brazilian public authorities in
relation to the review of the Framework Agreement. The Framework
Agreement was entered into between Samarco, Vale and BHP Brasil and
the relevant Brazilian authorities in March 2016 and established
Foundation Renova to develop and implement environmental and
socio-economic programs to remediate and provide compensation for
damage caused by the Samarco dam failure. The suspended R$155
billion (approximately US$30 billion) Federal Public Prosecution
Office claim is under discussion as part of these negotiations,
which were provided for in the Governance Agreement signed between
the parties in 2018.
3
Petroleum
Production
Sep Q21 Sep Q21
vs vs
Sep Q21 Sep Q20 Jun Q21
--------- ---------- ----------
Crude oil, condensate and natural gas liquids (MMboe) 12.8 11% 4%
Natural gas (bcf) 88.4 (3%) 0%
Total petroleum production (MMboe) 27.5 3% 2%
Petroleum - Total petroleum production increased by three per
cent to 28 MMboe. Guidance for the 2022 financial year remains
unchanged at between 99 and 106 MMboe.
Crude oil, condensate and natural gas liquids production
increased by eleven per cent to 13 MMboe, reflecting lower impact
from weather events in the Gulf of Mexico, increased volumes from
Ruby following first production in May 2021 and the additional 28
percent working interest acquired in Shenzi in November 2020,
partially offset by natural field decline across the portfolio.
Natural gas production decreased by three per cent to 88 bcf,
reflecting decreased production at North West Shelf and natural
field decline across the portfolio, partially offset by increased
volumes from Ruby and higher seasonal demand for gas at Bass
Strait.
Projects
Capital Initial
expenditure production
Project and US$M target
ownership date Capacity Progress
--------------------- ------------ ----------- --------------------------- -----------------------
Mad Dog Phase 2,154 Mid-CY22 New floating production On schedule and budget.
2 facility with the capacity The overall project
(US Gulf of to produce up to 140,000 is 95% complete.
Mexico) gross barrels of oil
23.9% (non-operator) equivalent per day.
Shenzi North 392 CY24 A two-well subsea tie-in Approved in August
development to the Shenzi platform, 2021.
(US Gulf of with the capacity to
Mexico) produce up to 30,000
72% (operator) gross barrels of oil
equivalent per day.
On 5 August 2021, we announced an investment of US$544 million
for Shenzi North development in the US Gulf of Mexico. The capital
expenditure represents a 100 per cent share interest. BHP is the
operator and holds a 72 per cent share in Shenzi North. Repsol
holds the remaining 28 per cent working interest. First production
is targeted for the 2024 calendar year.
We also announced the approval of US$258 million in capital
expenditure to move the Trion oil project in Mexico into the Front
End Engineering Design (FEED) phase. The focus of these studies
will be on completion of the engineering, commercial arrangements
and execution planning required to progress to a Final Investment
Decision (FID) from mid-calendar year 2022.
In the September 2021 quarter, onshore construction and
commissioning of the Mad Dog Phase 2 project's semi-submersible
floating production platform, Argos, was completed and it is in the
process of being towed to the final location for offshore
execution. First production from Mad Dog Phase 2 is expected in the
middle of the 2022 calendar year.
In October 2021, one of the two Shenzi infill wells was brought
online and early flowback results looks promising. Both Shenzi
infill wells are expected to be online in the 2022 financial
year.
Engineering work continues to progress at Scarborough. BHP and
Woodside (the operator) have developed a plan towards Scarborough
FID by the end of the 2021 calendar year prior to the proposed
completion date for the merger. As part of this plan, BHP and
Woodside have agreed an option for BHP to divest its 26.5 per cent
interest in the Scarborough Joint Venture (JV) to Woodside and 50
per cent interest in the Thebe and Jupiter JVs to Woodside if the
Scarborough JV takes a FID by 15 December 2021 and the merger does
not proceed.
4
Petroleum exploration
Exploration and appraisal wells drilled during the September
2021 quarter are summarised below.
Formation Water Total well
Well Location Target age BHP equity Spud date depth depth Status
---------- --------- ------------- ---------- ------------------- --------- --------- ---------- -------------
Trinidad
& Tobago
Block Lowest Late 27 July Hydrocarbons
Bongos-3 TTDAA 14 hydrocarbons Miocene 70% (BHP Operator) 2021 2,114 m 5,360 m encountered
Trinidad
& Tobago
Block Late 27 July Drilling
Bongos-3X TTDAA 14 Gas Miocene 70% (BHP Operator) 2021 2,114 m 4,197 m(i) ahead(i)
Trinidad
& Tobago
Block Late 6 August
Bongos-4 TTDAA 14 Gas Miocene 70% (BHP Operator) 2021 2,177 m 3,368 m Suspended(ii)
(i) Well depth and status as at 30 September 2021.
(ii) Bongos-4 will resume at completion of Bongos-3X.
In Trinidad and Tobago, the Calypso appraisal program is
currently underway. The Bongos-3 well was spud on 27 July 2021 and
the formation evaluation program was completed on 18 September
2021. The well encountered hydrocarbons and a side track
(Bongos-3X) is currently being drilled for further appraisal. The
Bongos-4 well was spud on 6 August 2021 and is currently suspended,
with operations due to recommence following the completion of
Bongos-3X operations.
In the central Gulf of Mexico, the Wasabi exploration well
(GC124-001) was spud on 7 October 2021.
In Barbados, the government has approved our proposed seismic
program and we plan to acquire a 3D seismic survey over a portion
of the Bimshire and Carlisle Bay blocks. The survey is expected to
commence in the December 2021 quarter.
Petroleum exploration expenditure for the September 2021 quarter
was US$87 million, of which US$35 million was expensed. An
approximate US$540 million exploration and appraisal program is
being executed for the 2022 financial year.
Copper
Production
Sep Q21 Sep Q21
vs vs
Sep Q21 Sep Q20 Jun Q21
--------- ---------- ----------
Copper (kt) 376.5 (9%) (7%)
Zinc (t) 33,289 (3%) (6%)
Uranium (t) 531 (39%) (14%)
Copper - Total copper production decreased by nine per cent to
377 kt. Guidance for the 2022 financial year remains unchanged at
between 1, 590 and 1, 760 kt, with production weighted to the
second half of the financial year .
In the September 2021 quarter, the operating environment for our
Chilean assets improved due to high COVID-19 vaccination rates.
However, some uncertainty related to COVID-19 impacts remains as
the pandemic evolves.
Escondida copper production decreased by 14 per cent to 244 kt
due to forecast concentrator feed grade decline. Guidance for the
2022 financial year remains unchanged at between 1,000 and 1,080kt.
Decline in concentrator feed grade is expected to be approximately
two per cent for the year. Medium term guidance of an annual
average of 1.2 Mt of copper production over the next five years
remains unchanged, with production expected to be weighted towards
the latter years. On 13 August 2021, Escondida successfully
completed negotiations for a new collective agreement with the
Union N(o) 1 of Operators and Maintainers, effective for 36 months
from 2 August 2021.
5
Pampa Norte copper production increased by 59 per cent to 68 kt,
reflecting the continued ramp-up of the Spence Growth Option (SGO),
which has brought on a new concentrate stream. Guidance for the
2022 financial year remains unchanged at between 330 and 370 kt
with the new stream of concentrate production at Spence partially
offset by a forecast decline in stacking grade at Pampa Norte of
approximately 10 per cent. The ramp up to full production capacity
at SGO is expected to be complete by December 2021, following which
Spence is forecast to average 300 ktpa of production (including
cathodes) over the first four years of operation. On 11 September
2021, Cerro Colorado and Union N(o) 1 (Operators and Maintainers)
reached a new collective agreement, effective for 36 months from 1
September 2021.
Olympic Dam copper production decreased by 43 per cent to 30 kt,
reflecting the ramp down and commencement of the major smelter
maintenance campaign, approximately one month later than plan due
to COVID-19 border restrictions impacting the availability of
workforce. The maintenance campaign is expected to complete towards
the end of the December 2021 quarter, followed by a ramp up to full
capacity by March 2022. Guidance for the 2022 financial year
remains unchanged at between 140 and 170 kt.
Antamina copper production increased by three per cent to 36 kt
and zinc production decreased by three per cent to 33 kt,
reflecting higher copper and lower zinc head grades. Guidance
remains unchanged for the 2022 financial year, with copper
production of between 120 and 140 kt, and zinc production of
between 115 and 130 kt.
Iron Ore
Production
Sep Q21 Sep Q21
vs vs
Sep Q21 Sep Q20 Jun Q21
--------- ---------- ----------
Iron ore production (kt) 63,299 (4%) (3%)
Iron ore - Total iron ore production decreased by four per cent
to 63 Mt. Guidance for the 2022 financial year remains unchanged at
between 249 and 259 Mt.
WAIO production decreased by six per cent to 62 Mt (71 Mt on a
100 per cent basis), mainly reflecting higher planned maintenance
during the quarter, including major maintenance of car dumper one
and the train load out at Jimblebar. Temporary rail labour
shortages related to COVID-19 related border restrictions also had
a minor impact. This was partially offset by strong mine
performance and optimisation of Yandi's end-of-life ramp-down.
South Flank ramp up continues, with additional temporary crushing
capacity to provide an ore for rail buffer during commissioning.
Ramp up to full production capacity of 80 Mtpa (100 per cent basis)
over three years remains unchanged.
On 7 September 2021, BHP received regulatory approval to
increase capacity at our Port Hedland operations to 330 Mtpa (100
per cent basis), subject to the outcomes of standard appeals
processes. Our near-term focus remains on sustainable achievement
of 290 Mtpa, with plans to creep beyond this through productivity
in the medium term. To support this on the 13 October 2021, the
Board approved a port debottlenecking program which is expected to
commence in the December 2021 quarter.
Samarco production was 1.0 Mt following the recommencement of
iron ore pellet production at one concentrator in December 2020.
Guidance of between 3 and 4 Mt (BHP share) remains unchanged for
the 2022 financial year.
6
Coal
Production
Sep Q21 Sep Q21
vs vs
Sep Q21 Sep Q20 Jun Q21
--------- ---------- ----------
Metallurgical coal (kt) 8,850 (9%) (25%)
Energy coal (kt) 4,238 17% (6%)
Metallurgical coal - Metallurgical coal production decreased by
nine per cent to 9 Mt (16 Mt on a 100 per cent basis). Guidance for
the 2022 financial year remains unchanged at between 39 and 44 Mt
(70 and 78 Mt on a 100 per cent basis), with volumes weighted to
the second half of the year following planned maintenance in the
September 2021 quarter.
Queensland Coal production decreased as a result of planned wash
plant maintenance at Goonyella and Peak Downs, planned dragline
maintenance at Caval Ridge and mining in higher strip ratio areas
at Poitrel in line with the mine plan. This was partially offset by
record stripping at BMC and a significant uplift in truck
productivity at South Walker Creek.
Energy coal - Energy coal production increased by 17 per cent to
4 Mt. Guidance for the 2022 financial year remains unchanged at
between 13 and 15 Mt. Following our announcement to divest our
interest in Cerrejón in June 2021, Cerrejón volumes are no longer
included in energy coal guidance and will be reported separately
until transaction completion, which is expected to occur in the
second half of the 2022 financial year.
NSWEC production increased as a result of increased stripping
volumes enabled by improved truck productivity and reduced wet
weather impacts. The shiploader at the Newcastle port, which was
damaged in November 2020, is now back in operation and operating at
full design capacity.
Other
Nickel production
Sep Q21 Sep Q21
vs vs
Sep Q21 Sep Q20 Jun Q21
--------- ---------- ----------
Nickel (kt) 17.8 (20%) (21%)
Nickel - Nickel West production decreased by 20 per cent to 18
kt, reflecting planned maintenance at the Kalgoorlie Smelter,
Kwinana Refinery and the Leinster and Kambalda concentrators in the
September 2021 quarter. Guidance for the 2022 financial year
remains unchanged at between 85 and 95 kt. The first batch of
nickel sulphate crystals were produced in the September 2021
quarter and customer certification is underway. We expect first
saleable production in the December 2021 quarter.
Potash - In August 2021, we announced the approval of capital
expenditure of US$5.7 billion (C$7.5 billion) for the Jansen Stage
1 project. Construction is expected to take approximately six
years, followed by a ramp up period of two years, with first
production expected in the 2027 calendar year.
7
A separate US$2.97 billion scope of work for construction of two
shafts and associated infrastructure at the site is 96% complete
and is expected to be complete in the 2022 calendar year.
Projects
Capital Initial
expenditure production
Project and US$M target
ownership date Capacity Progress
------------- ------------ ----------- ------------------------------- ---------------------
Jansen Potash 2,972 CY27 Investment to finish the The project is
excavation and lining of 96% complete. Target
the production and service project completion
shafts, and to continue in CY22.
the installation of essential
surface infrastructure
and utilities.
(Canada)
100%
Jansen Stage 5,723 CY27 Design, engineering and Approved in August
1 construction of an underground 2021.
potash mine and surface
infrastructure, with capacity
to produce 4.35 Mtpa.
(Canada)
100%
Minerals exploration
Minerals exploration expenditure for the September 2021 quarter
was US$56 million, of which US$42 million was expensed. We have
continued to add to our early stage options in future facing
commodities. Greenfield minerals exploration is being undertaken on
advancing copper targets in Chile, Ecuador, Colombia, Mexico, Peru,
Canada, Australia and the south-west United States. Nickel targets
are also being advanced in Canada and Australia. Specifically in
copper, we are undertaking target drilling in Chile, Ecuador and
the United States, while further drilling is planned in the 2022
financial year in Australia and Mexico.
On 14 October 2021, BHP exercised its option to form an
exploration joint venture with Red Tiger Resources for the
Intercept Hill copper project, which borders Oak Dam in South
Australia. BHP's joint venture interest commences at 65 per cent
with the option to earn a further 10 per cent over the next three
years. This follows BHP's completion of Stage 1 of an exploration
farm-in agreement with Red Tiger Resources, announced on 31 October
2018.
In October 2021, BHP also executed its farm-in agreement for the
early-stage prospective Elliott copper project in the Northern
Territory, Australia. On execution of the agreement, the area of
tenements covered had increased by approximately 40 per cent since
September 2020, up to 7,200 km(2) . Under the terms of the
agreement, BHP can earn up to 75 per cent interest in Elliott by
spending up to A$25 million over 10 years.
At Oak Dam in South Australia, BHP is continuing next stage
resource definition drilling, after commencing the program in May
2021.
In nickel, additional to our Support Agreement with Noront
Resources (Noront) to make an all-cash takeover offer for Noront,
our Midland Exploration partners are progressing work towards
drill-targets in northern Quebec for nickel sulphides.
8
Variance analysis relates to the relative performance of BHP
and/or its operations during the 2022 financial year compared with
the 2021 financial year, unless otherwise noted. Production
volumes, sales volumes and capital and exploration expenditure from
subsidiaries are reported on a 100 per cent basis; production and
sales volumes from equity accounted investments and other
operations are reported on a proportionate consolidation basis.
Numbers presented may not add up precisely to the totals provided
due to rounding. Copper equivalent production based on 2021
financial year average realised prices.
The following footnotes apply to this Operational Review:
(1) 2022 financial year unit cost guidance: Petroleum
US$11-12/boe, Escondida US$1.20-1.40/lb, WAIO US$17.50-18.50/t,
Queensland Coal US$80-90/t and NSWEC US$62-70/t; based on exchange
rates of AUD/USD 0.78 and USD/CLP 727.
The following abbreviations may have been used throughout this
report: barrels (bbl); billion cubic feet (bcf); cost and freight
(CFR); cost, insurance and freight (CIF); dry metric tonne unit
(dmtu); free on board (FOB); grams per tonne (g/t); kilograms per
tonne (kg/t); kilometre (km); metre (m); million barrels of oil
equivalent (MMboe); million barrels of oil per day (MMbpd); million
cubic feet per day (MMcf/d); million tonnes (Mt); million tonnes
per annum (Mtpa); ounces (oz); pounds (lb); thousand barrels of oil
equivalent (Mboe); thousand barrels of oil equivalent per day
(Mboe/d); thousand ounces (koz); thousand standard cubic feet
(Mscf); thousand tonnes (kt); thousand tonnes per annum (ktpa);
thousand tonnes per day (ktpd); tonnes (t); and wet metric tonnes
(wmt).
In this release, the terms 'BHP', the 'Group', 'BHP Group',
'we', 'us', 'our' and ourselves' are used to refer to BHP Group
Limited, BHP Group plc and, except where the context otherwise
requires, their respective subsidiaries as defined in note 30
'Subsidiaries' in section 3.1 of BHP's 30 June 2021 Annual Report
and Form 20-F. Those terms do not include non-operated assets.
Notwithstanding that this release may include production, financial
and other information from non-operated assets, non-operated assets
are not included in the BHP Group and, as a result, statements
regarding our operations, assets and values apply only to our
operated assets unless stated otherwise. Our non-operated assets
include Antamina, Cerrejón, Samarco, Atlantis, Mad Dog, Bass Strait
and North West Shelf. BHP Group cautions against undue reliance on
any forward-looking statement or guidance in this release,
particularly in light of the current economic climate and
significant volatility, uncertainty and disruption arising in
connection with COVID-19. These forward looking statements are
based on information available as at the date of this release and
are not guarantees or predictions of future performance and involve
known and unknown risks, uncertainties and other factors, many of
which are beyond our control and which may cause actual results to
differ materially from those expressed in the statements contained
in this release.
9
Further information on BHP can be found at: bhp.com
Authorised for lodgement by:
Stephanie Wilkinson
Group Company Secretary
Media Relations Investor Relations
Email: media.relations@bhp.com Email: investor.relations@bhp.com
Australia and Asia Australia and Asia
Gabrielle Notley Dinesh Bishop
Tel: +61 3 9609 3830 Mobile: Mobile: +61 407 033 909
+61 411 071 715
Europe, Middle East and Africa
Europe, Middle East and Africa
James Bell
Neil Burrows Tel: +44 20 7802 7144 Mobile:
Tel: +44 20 7802 7484 Mobile: +44 7961 636 432
+44 7786 661 683
Americas
Americas
Brian Massey
Judy Dane Tel: +1 713 296 7919 Mobile:
Tel: +1 713 961 8283 Mobile: +1 832 870 7677
+1 713 299 5342
BHP Group Limited ABN 49 004 BHP Group plc Registration
028 077 number 3196209
LEI WZE1WSENV6JSZFK0JC28 LEI 549300C116EOWV835768
Registered in Australia Registered in England and Wales
Registered Office: Level 18, Registered Office: Nova South,
171 Collins Street 160 Victoria Street
Melbourne Victoria 3000 Australia London SW1E 5LB United Kingdom
Tel +61 1300 55 4757 Fax +61 Tel +44 20 7802 4000 Fax +44
3 9609 3015 20 7802 4111
Members of the BHP Group which is
headquartered in Australia
Follow us on social media
10
Production summary
Year to
Quarter ended date
------------------------------------------- ----------------
BHP Sep Dec Mar Jun Sep Sep Sep
interest 2020 2020 2021 2021 2021 2021 2020
---------- ------- ------- ------- ------- ------- ------- -------
Petroleum (1)
Petroleum
Production
Crude oil, condensate
and NGL (Mboe) 11,507 10,729 11,601 12,205 12,751 12,751 11,507
Natural gas (bcf) 90.9 78.5 82.6 88.6 88.4 88.4 90.9
Total (Mboe) 26,657 23,812 25,368 26,972 27,484 27,484 26,657
Copper (2)
Copper
Payable metal in
concentrate (kt)
Escondida (3) 57.5% 236.7 236.7 202.7 195.6 194.7 194.7 236.7
Pampa Norte (4) 100.0% - 0.7 5.6 21.1 26.4 26.4 -
Antamina 33.8% 34.6 38.6 34.7 36.1 35.8 35.8 34.6
Total 271.3 276.0 243.0 252.8 256.9 256.9 271.3
Cathode (kt)
Escondida (3) 57.5% 47.9 50.9 46.6 51.1 49.0 49.0 47.9
Pampa Norte (4) 100% 42.5 53.6 46.4 48.3 41.1 41.1 42.5
Olympic Dam 100% 51.5 47.6 55.4 50.8 29.5 29.5 51.5
Total 141.9 152.1 148.4 150.2 119.6 119.6 141.9
Total copper (kt) 413.2 428.1 391.4 403.0 376.5 376.5 413.2
Lead
Payable metal in
concentrate (t)
Antamina 33.8% 690 993 468 381 378 378 690
Total 690 993 468 381 378 378 690
Zinc
Payable metal in
concentrate (t)
Antamina 33.8% 34,398 41,909 33,299 35,483 33,289 33,289 34,398
Total 34,398 41,909 33,299 35,483 33,289 33,289 34,398
Gold
Payable metal in concentrate
(troy oz)
Escondida (3) 57.5% 42,332 47,789 37,954 38,893 41,962 41,962 42,332
Pampa Norte (4) 100% - - - 4,728 6,967 6,967 -
Olympic Dam (refined
gold) 100% 36,608 23,837 37,075 48,478 26,277 26,277 36,608
Total 78,940 71,626 75,029 92,099 75,206 75,206 78,940
Silver
Payable metal in concentrate
(troy koz)
Escondida (3) 57.5% 1,580 1,627 1,318 1,234 1,291 1,291 1,580
Pampa Norte (4) 100% - - - 214 273 273 -
Antamina 33.8% 1,326 1,767 1,463 1,409 1,367 1,367 1,326
Olympic Dam (refined
silver) 100% 157 193 275 185 191 191 157
Total 3,063 3,587 3,056 3,042 3,122 3,122 3,063
11
Production summary
Year to
Quarter ended date
------------------------------------------- ----------------
BHP Sep Dec Mar Jun Sep Sep Sep
interest 2020 2020 2021 2021 2021 2021 2020
---------- ------- ------- ------- ------- ------- ------- -------
Uranium
Payable metal in
concentrate (t)
Olympic Dam 100% 874 945 834 614 531 531 874
Total 874 945 834 614 531 531 874
Molybdenum
Payable metal in
concentrate (t)
Pampa Norte (4) 100% - - - - - - -
Antamina 33.8% 284 192 276 111 142 142 284
Total 284 192 276 111 142 142 284
Iron Ore
Iron Ore
Production (kt)
(5)
Newman 85% 16,410 17,637 14,614 14,560 16,461 16,461 16,410
Area C Joint Venture 85% 11,889 11,567 13,010 15,920 18,947 18,947 11,889
Yandi Joint Venture 85% 17,666 16,413 16,112 18,405 11,834 11,834 17,666
Jimblebar (6) 85% 20,075 16,740 15,241 15,337 15,009 15,009 20,075
Samarco 50% - 37 878 1,023 1,048 1,048 -
Total 66,040 62,394 59,855 65,245 63,299 63,299 66,040
Coal
Metallurgical coal
Production (kt)
(7)
BMA 50% 7,365 7,539 7,727 9,253 6,715 6,715 7,365
BHP Mitsui Coal
(8) 80% 2,325 1,983 1,863 2,570 2,135 2,135 2,325
Total 9,690 9,522 9,590 11,823 8,850 8,850 9,690
Energy coal
Production (kt)
NSW Energy Coal 100% 3,624 3,229 2,981 4,492 4,238 4,238 3,624
Total 3,624 3,229 2,981 4,492 4,238 4,238 3,624
Other
Nickel
Saleable production
(kt)
Nickel West 100% 22.2 24.0 20.4 22.4 17.8 17.8 22.2
Total 22.2 24.0 20.4 22.4 17.8 17.8 22.2
Cobalt
Saleable production
(t)
Nickel West 100% 238 236 273 241 177 177 238
Total 238 236 273 241 177 177 238
Assets held for
sale (9)
Energy coal
Production (kt)
Cerrejón 33.3% 1,038 347 1,795 1,784 2,060 2,060 1,038
Total 1,038 347 1,795 1,784 2,060 2,060 1,038
12
(1) LPG and ethane are reported as natural gas liquids (NGL).
Product-specific conversions are made and NGL is reported in
barrels of oil equivalent (boe). Total boe conversions are based on
6 bcf of natural gas equals 1,000 Mboe.
(2) Metal production is reported on the basis of payable metal.
(3) Shown on a 100% basis. BHP interest in saleable production is 57.5%.
(4) Includes Cerro Colorado and Spence.
(5) Iron ore production is reported on a wet tonnes basis.
(6) Shown on a 100% basis. BHP interest in saleable production is 85%.
(7) Metallurgical coal production is reported on the basis of
saleable product. Production figures include some thermal coal.
(8) Shown on a 100% basis. BHP interest in saleable production is 80%.
(9) Cerrejón volumes will be reported separately from 1 July
2021 until transaction completion.
Throughout this report figures in italics indicate that this
figure has been adjusted since it was previously reported.
13
Production and sales report
Year to
Quarter ended date
------------------------------------------- ----------------
Sep Dec Mar Jun Sep Sep Sep
2020 2020 2021 2021 2021 2021 2020
------- ------- ------- ------- ------- ------- -------
Petroleum (1)
Bass Strait
Crude oil and condensate (Mboe) 1,305 1,003 859 1,205 1,201 1,201 1,305
NGL (Mboe) 1,660 1,057 1,035 1,563 1,655 1,655 1,660
Natural gas (bcf) 34.1 23.4 22.7 32.8 35.8 35.8 34.1
Total petroleum products (Mboe) 8,648 5,960 5,677 8,235 8,823 8,823 8,648
North West Shelf
Crude oil and condensate (Mboe) 1,215 1,180 1,183 933 973 973 1,215
NGL (Mboe) 162 165 188 177 148 148 162
Natural gas (bcf) 29.6 30.4 31.1 26.5 24.3 24.3 29.6
Total petroleum products (Mboe) 6,310 6,412 6,554 5,527 5,171 5,171 6,310
Pyrenees
Crude oil and condensate (Mboe) 837 826 679 690 710 710 837
Total petroleum products (Mboe) 837 826 679 690 710 710 837
Macedon (2)
Crude oil and condensate (Mboe) 1 1 1 - 1 1 1
Natural gas (bcf) 12.7 12.6 12.4 12.6 12.7 12.7 12.7
Total petroleum products (Mboe) 2,118 2,101 2,068 2,100 2,118 2,118 2,118
Atlantis (3)
Crude oil and condensate (Mboe) 2,421 2,385 2,590 3,117 3,171 3,171 2,421
NGL (Mboe) 154 147 171 218 222 222 154
Natural gas (bcf) 1.2 1.1 1.4 1.6 1.7 1.7 1.2
Total petroleum products (Mboe) 2,775 2,715 2,994 3,602 3,676 3,676 2,775
Mad Dog (3)
Crude oil and condensate (Mboe) 1,211 930 1,209 1,099 1,155 1,155 1,211
NGL (Mboe) 48 38 57 77 46 46 48
Natural gas (bcf) 0.2 0.1 0.2 0.2 0.2 0.2 0.2
Total petroleum products (Mboe) 1,292 985 1,299 1,209 1,234 1,234 1,292
Shenzi (3) (4)
Crude oil and condensate (Mboe) 1,395 1,764 2,328 2,023 2,016 2,016 1,395
NGL (Mboe) 71 87 130 87 102 102 71
Natural gas (bcf) 0.3 0.3 0.4 0.1 0.4 0.4 0.3
Total petroleum products (Mboe) 1,516 1,901 2,525 2,127 2,185 2,185 1,516
Trinidad/Tobago
Crude oil and condensate (Mboe) 102 96 139 236 491 491 102
Natural gas (bcf) 12.8 10.5 14.4 14.7 13.3 13.3 12.8
Total petroleum products (Mboe) 2,235 1,846 2,539 2,686 2,708 2,708 2,235
Other Americas (3)
(5)
Crude oil and condensate (Mboe) 212 190 187 104 83 83 212
NGL (Mboe) 2 11 - 8 3 3 2
Natural gas (bcf) - 0.1 - 0.1 - - -
Total petroleum products (Mboe) 214 218 187 129 86 86 214
Algeria
Crude oil and condensate (Mboe) 711 849 845 668 774 774 711
Total petroleum products (Mboe) 711 849 845 668 774 774 711
14
Production and sales report
Year to
Quarter ended date
----------------------------------------------- ------------------
Sep Dec Mar Jun Sep Sep Sep
2020 2020 2021 2021 2021 2021 2020
-------- -------- -------- -------- ------- -------- --------
Petroleum (1)
Total production
Crude oil and condensate (Mboe) 9,410 9,224 10,020 10,075 10,575 10,575 9,410
NGL (Mboe) 2,097 1,505 1,581 2,130 2,176 2,176 2,097
Natural gas (bcf) 90.9 78.5 82.6 88.6 88.4 88.4 90.9
Total (Mboe) 26,657 23,812 25,368 26,972 27,484 27,484 26,657
(1) Total boe conversions are based on 6 bcf of natural gas
equals 1,000 Mboe. Negative production figures represent
finalisation adjustments.
(2) Previously reported as 'Other Australia'. No change to reported numbers.
(3) Gulf of Mexico volumes are net of royalties.
(4) BHP completed the acquisition of an additional 28% working
interest in Shenzi on 6 November 2020, taking its total working
interest to 72%.
(5) Other Americas includes Neptune, Genesis and Overriding Royalty Interest.
15
Production and sales report
Quarter ended Year to date
------------------------------------------------------- --------------------------
Sep Dec Mar Jun Sep Sep Sep
2020 2020 2021 2021 2021 2021 2020
--------- --------- --------- ---------- ---------- -------------- ----------
Copper
Metals production is payable metal
unless otherwise stated.
Escondida, Chile
(1)
Material mined (kt) 83,357 97,274 95,978 104,043 113,874 113,874 83,357
Concentrator
throughput
(2) (kt) 34,733 36,303 32,654 31,903 33,528 33,528 34,733
Average copper
grade
- concentrator (3) (%) 0.85% 0.83% 0.78% 0.77% 0.73% 0.73% 0.85%
Production ex mill (kt) 243.9 246.1 207.8 202.8 201.2 201.2 243.9
Production
Payable copper (kt) 236.7 236.7 202.7 195.6 194.7 194.7 236.7
Copper cathode (EW) (kt) 47.9 50.9 46.6 51.1 49.0 49.0 47.9
- Oxide leach (kt) 15.3 18.0 16.1 14.5 14.8 14.8 15.3
- Sulphide leach (kt) 32.6 32.9 30.5 36.6 34.2 34.2 32.6
Total copper (kt) 284.6 287.6 249.3 246.7 243.7 243.7 284.6
Payable gold (troy
concentrate oz) 42,332 47,789 37,954 38,893 41,962 41,962 42,332
Payable silver (troy
concentrate koz) 1,580 1,627 1,318 1,234 1,291 1,291 1,580
Sales
Payable copper (kt) 237.1 244.3 196.9 194.1 190.5 190.5 237.1
Copper cathode (EW) (kt) 46.5 47.7 49.6 49.6 46.7 46.7 46.5
Payable gold (troy
concentrate oz) 42,332 47,789 37,954 38,893 41,962 41,962 42,332
Payable silver (troy
concentrate koz) 1,580 1,627 1,318 1,234 1,291 1,291 1,580
(1) Shown on a 100% basis. BHP interest in saleable production
is 57.5%.
(2) Previously reported as 'Sulphide ore milled'. No change to
reported numbers.
(3) Previously reported as 'Average concentrator head grade'. No
change to reported numbers.
16
Production and sales report
Quarter ended Year to date
----------------------------------------------- -------------------
Sep Dec Mar Jun Sep Sep Sep
2020 2020 2021 2021 2021 2021 2020
------- ------- ------- ---------- -------- -------- ---------
Copper (continued)
Metals production is payable metal unless otherwise
stated.
Pampa Norte, Chile
Cerro Colorado
Material mined (kt) 12,618 6,750 6,153 5,498 5,378 5,378 12,618
Ore stacked (1) (kt) 4,036 3,562 3,283 3,702 3,566 3,566 4,036
Average copper grade
- stacked (2) (%) 0.66% 0.58% 0.58% 0.58% 0.60% 0.60% 0.66%
Production
Copper cathode (EW) (kt) 15.8 15.8 13.9 14.7 13.4 13.4 15.8
Sales
Copper cathode (EW) (kt) 14.6 16.6 13.2 15.4 12.1 12.1 14.6
Spence
Material mined (kt) 18,260 18,485 19,195 21,262 21,154 21,154 18,260
Ore stacked (1) (kt) 4,408 5,602 5,536 4,609 5,258 5,258 4,408
Average copper grade
- stacked (2) (%) 1.10% 0.83% 0.64% 0.72% 0.64% 0.64% 1.10%
Concentrator throughput
(3) (kt) - 1,207 2,471 4,929 5,786 5,786 -
Average copper grade
- concentrator (4) (%) - 0.43% 0.58% 0.63% 0.65% 0.65% -
Production
Payable copper (kt) - 0.7 5.6 21.1 26.4 26.4 -
Copper cathode (EW) (kt) 26.7 37.8 32.5 33.6 27.7 27.7 26.7
Total copper (kt) 26.7 38.5 38.1 54.7 54.1 54.1 26.7
Payable gold concentrate (troy
(5) oz) - - - 4,728 6,967 6,967 -
Payable silver concentrate (troy
(5) koz) - - - 214 273 273 -
Payable molybdenum
(6) (t) - - - - - - -
Sales
Payable copper (kt) - - 1.8 20.8 28.4 28.4 -
Copper cathode (EW) (kt) 24.1 40.9 30.7 34.1 27.7 27.7 24.1
Payable gold concentrate (troy
(5) oz) - - - 4,728.0 6,967 6,967 -
Payable silver concentrate (troy
(5) koz) - - - 214.0 273 273 -
Payable molybdenum
(6) (t) - - - - - - -
(1) Previously reported as 'Ore milled'. No change to reported
numbers.
(2) Previously reported as 'Average copper grade'. No change to
reported numbers.
(3) New line reflecting ore processed through the
concentrator.
(4) New line reflecting the amount of copper contained in the
ore processed through the concentrator.
(5) New line reflecting payable metal contained in the copper
concentrate.
(6) New line reflecting payable molybdenum contained in the
molybdenum concentrate. No saleable production in the September
2021 quarter.
17
Production and sales report
Quarter ended Year to date
------------------------------------------- -------------------
Sep Dec Mar Jun Sep Sep Sep
2020 2020 2021 2021 2021 2021 2020
------- ------- ------- ------- ------- ------- ----------
Copper (continued)
Metals production is payable metal unless otherwise
stated.
Antamina, Peru
Material mined (100%) (kt) 45,458 57,029 53,762 63,393 66,581 66,581 45,458
Concentrator throughput
(100%) (1) (kt) 13,202 14,083 12,651 13,466 13,219 13,219 13,202
Average head grades
- Copper (%) 0.94% 0.97% 0.94% 0.93% 0.97% 0.97% 0.94%
- Zinc (%) 1.30% 1.30% 1.16% 1.24% 1.16% 1.16% 1.30%
Production
Payable copper (kt) 34.6 38.6 34.7 36.1 35.8 35.8 34.6
Payable zinc (t) 34,398 41,909 33,299 35,483 33,289 33,289 34,398
(troy
Payable silver koz) 1,326 1,767 1,463 1,409 1,367 1,367 1,326
Payable lead (t) 690 993 468 381 378 378 690
Payable molybdenum (t) 284 192 276 111 142 142 284
Sales
Payable copper (kt) 33.8 40.7 31.7 37.3 32.7 32.7 33.8
Payable zinc (t) 32,769 45,109 34,141 32,044 32,635 32,635 32,769
(troy
Payable silver koz) 1,310 1,728 1,342 1,540 1,103 1,103 1,310
Payable lead (t) 748 945 689 556 232 232 748
Payable molybdenum (t) 392 352 192 268 86 86 392
(1) Previously reported as 'Sulphide ore milled (100%)'. No change to reported numbers.
18
Production and sales report
Quarter ended Year to date
--------------------------------------------- ------------------
Sep Dec Mar Jun Sep Sep Sep
2020 2020 2021 2021 2021 2021 2020
-------- ------- ------- ------- -------- ------- ---------
Olympic Dam, Australia
Material mined (1) (kt) 2,203 2,379 1,979 2,143 1,935 1,935 2,203
Ore Milled (kt) 2,443 2,377 2,238 2,429 2,024 2,024 2,443
Average copper grade (%) 2.03% 2.01% 2.02% 1.95% 2.03% 2.03% 2.03%
Average uranium grade (kg/t) 0.53 0.60 0.61 0.56 0.55 0.55 0.53
Production
Copper cathode (ER
and EW) (kt) 51.5 47.6 55.4 50.8 29.5 29.5 51.5
Payable uranium (t) 874 945 834 614 531 531 874
(troy
Refined gold oz) 36,608 23,837 37,075 48,478 26,277 26,277 36,608
(troy
Refined silver koz) 157 193 275 185 191 191 157
Sales
Copper cathode (ER
and EW) (kt) 49.5 46.6 55.6 52.7 29.1 29.1 49.5
Payable uranium (t) 859 999 779 1,179 536 536 859
(troy
Refined gold oz) 36,054 21,390 38,852 47,300 24,654 24,654 36,054
(troy
Refined silver koz) 222 165 242 245 126 126 222
(1) Material mined refers to underground ore mined, subsequently hoisted or trucked to surface.
19
Production and sales report
Quarter ended Year to date
---------------------------------------------------- ---------------------
Sep Dec Mar Jun Sep Sep Sep
2020 2020 2021 2021 2021 2021 2020
--------- --------- -------- --------- --------- --------- ----------
Iron Ore
Iron ore production and sales are reported on a wet tonnes basis.
Western Australia
Iron Ore, Australia
Production
Newman (kt) 16,410 17,637 14,614 14,560 16,461 16,461 16,410
Area C Joint Venture (kt) 11,889 11,567 13,010 15,920 18,947 18,947 11,889
Yandi Joint Venture (kt) 17,666 16,413 16,112 18,405 11,834 11,834 17,666
Jimblebar (1) (kt) 20,075 16,740 15,241 15,337 15,009 15,009 20,075
Total production (kt) 66,040 62,357 58,977 64,222 62,251 62,251 66,040
Total production
(100%) (kt) 74,152 70,407 66,695 72,848 70,587 70,587 74,152
Sales
Lump (kt) 17,056 16,703 15,593 16,410 17,546 17,546 17,056
Fines (kt) 48,390 46,124 42,939 48,837 45,039 45,039 48,390
Total (kt) 65,446 62,827 58,532 65,247 62,585 62,585 65,446
Total sales (100%) (kt) 73,355 70,772 66,032 73,712 70,815 70,815 73,355
(1) Shown on a 100% basis. BHP interest in saleable production is 85%.
Samarco, Brazil (1)
Production (kt) - 37 878 1,023 1,048 1,048 -
Sales (kt) - - 646 1,052 1,111 1,111 -
(1) Samarco commenced iron ore pellet production in December
2020 after meeting the licencing requirements to restart operations
at the Germano complex in Minas Gerais and Ubu complex in Espírito
Santo, Brazil.
20
Production and sales report
Quarter ended Year to date
------------------------------------------------------------------ ----------------------------
Sep Dec Mar Jun Sep Sep Sep
2020 2020 2021 2021 2021 2021 2020
------------ ----------- ----------- ----------- ------------- ------------ --------------
Coal
Coal production is reported on the basis of saleable product.
Queensland
Coal,
Australia
Production (1)
BMA
Blackwater (kt) 1,184 1,737 1,416 1,887 1,403 1,403 1,184
Goonyella (kt) 2,312 2,152 2,232 2,752 1,798 1,798 2,312
Peak Downs (kt) 1,487 1,213 1,595 1,597 1,223 1,223 1,487
Saraji (kt) 817 1,043 1,238 1,391 999 999 817
Daunia (kt) 490 464 496 478 377 377 490
Caval Ridge (kt) 1,075 930 750 1,148 915 915 1,075
Total BMA (kt) 7,365 7,539 7,727 9,253 6,715 6,715 7,365
Total BMA
(100%) (kt) 14,730 15,078 15,454 18,506 13,430 13,430 14,730
BHP Mitsui
Coal (2)
South Walker
Creek (kt) 1,238 1,118 1,031 1,500 1,462 1,462 1,238
Poitrel (kt) 1,087 865 832 1,070 673 673 1,087
Total BHP
Mitsui Coal (kt) 2,325 1,983 1,863 2,570 2,135 2,135 2,325
Total
Queensland
Coal (kt) 9,690 9,522 9,590 11,823 8,850 8,850 9,690
Total
Queensland
Coal
(100%) (kt) 17,055 17,061 17,317 21,076 15,565 15,565 17,055
Sales
BMA
Coking coal (kt) 6,187 6,531 6,752 7,801 5,415 5,415 6,187
Weak coking
coal (kt) 977 936 1,038 1,069 734 734 977
Thermal coal (kt) 58 3 206 400 576 576 58
Total BMA (kt) 7,222 7,470 7,996 9,270 6,725 6,725 7,222
Total BMA
(100%) (kt) 14,444 14,940 15,992 18,540 13,450 13,450 14,444
BHP Mitsui
Coal (2)
Coking coal (kt) 671 604 357 535 313 313 671
Weak coking
coal (kt) 1,545 1,518 1,404 2,027 1,788 1,788 1,545
Total BHP
Mitsui Coal (kt) 2,216 2,122 1,761 2,562 2,101 2,101 2,216
Total
Queensland
Coal (kt) 9,438 9,592 9,757 11,832 8,826 8,826 9,438
Total
Queensland
Coal
(100%) (kt) 16,660 17,062 17,753 21,102 15,551 15,551 16,660
(1) Production figures include some thermal coal.
(2) Shown on a 100% basis. BHP interest in saleable production is 80%.
NSW Energy Coal,
Australia
Production (kt) 3,624 3,229 2,981 4,492 4,238 4,238 3,624
Sales thermal
coal
- export (kt) 3,168 3,940 2,827 4,691 3,780 3,780 3,168
21
Production and sales report
Quarter ended Year to date
------------------------------------------- ----------------
Sep Dec Mar Jun Sep Sep Sep
2020 2020 2021 2021 2021 2021 2020
------- ------- ------- ------- ------- ------- -------
Other
Nickel production is reported on the basis of saleable product
Nickel West, Australia
Mt Keith
Nickel concentrate (kt) 64.4 55.7 54.1 50.4 53.7 53.7 64.4
Average nickel grade (%) 15.8 14.7 13.3 13.3 14.6 14.6 15.8
Leinster
Nickel concentrate (kt) 66.2 72.8 71.5 71.4 73.8 73.8 66.2
Average nickel grade (%) 9.0 9.5 10.2 10.5 8.9 8.9 9.0
Saleable production
Refined nickel (1) (kt) 17.3 20.4 15.2 17.1 14.4 14.4 17.3
Nickel sulphate (2) (kt) - - - - - - -
Intermediates and nickel
by-products (3) (kt) 4.9 3.6 5.2 5.3 3.4 3.4 4.9
Total nickel (kt) 22.2 24.0 20.4 22.4 17.8 17.8 22.2
Cobalt by-products (t) 238 236 273 241 177 177 238
Sales
Refined nickel (1) (kt) 17.1 20.9 15.0 17.8 13.8 13.8 17.1
Nickel sulphate (2) (kt) - - - - - - -
Intermediates and nickel
by-products (3) (kt) 4.6 2.6 5.9 4.0 3.9 3.9 4.6
Total nickel (kt) 21.7 23.5 20.9 21.8 17.7 17.7 21.7
Cobalt by-products (t) 238 237 273 241 177 177 238
(1) High quality refined nickel metal, including briquettes and
powder.
(2) New line for nickel sulphate product. No saleable production
in the September 2021 quarter.
(3) Nickel contained in matte and by-product streams.
Assets held for sale (1)
Coal production is reported on the basis of saleable product.
Cerrejón, Colombia
Production (kt) 1,038 347 1,795 1,784 2,060 2,060 1,038
Sales thermal coal -
export (kt) 994 370 1,746 1,619 2,180 2,180 994
(1) Cerrejón volumes will be reported separately from 1 July
2021 until transaction completion.
22
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DRLFFAEFAEFSESS
(END) Dow Jones Newswires
October 19, 2021 02:00 ET (06:00 GMT)
Bhp (LSE:BHP)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Bhp (LSE:BHP)
Historical Stock Chart
Von Apr 2023 bis Apr 2024
