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Australian miner BHP Billiton has announced
its production results for the first half ended December 31 of the financial
year 2022-2023.
The company’s iron ore production in the
given period increased by two percent year on year to 132.0 million mt. In the
first half, Western Australia Iron Ore (WAIO) achieved record production of 146
million mt, due to strong supply chain performance and reduced impacts of labor
constraints and wet weather.
BHP Billiton said that it expects its iron
ore production to range between 249 million mt and 260 million mt for the 2023
financial year.
In the first half, BHP Billiton’s
metallurgical coal production increased by seven percent year on year to 13.6
million mt. Production is expected to be between 29 million mt and 32 million
mt in the 2023 financial year.
According to the statement, coal production
in Queensland was again impacted by heavy rainfall. As foreshadowed, the
company is seeing the impact of inflation across global supply chains and
continues to focus on productivity and controllable costs.