Melbourne — BHP, the world’s biggest mining company, says that although its first-quarter iron-ore output fell 3% on planned maintenance and a fire at its Mt Whaleback operation in Australia, it expected to meet its full-year target. Output was 55.6-million tonnes in the three months to September 30, from 58-million tonnes the year before, Melbourne-based BHP said on Wednesday. That output missed a 58.8-million tonnes median estimate among four analysts surveyed by Bloomberg. Full-year output from its Australian mines, including third-party tonnes, remained on course to rise to a range of 275-million to 280-million tonnes in fiscal 2018, BHP said. Rio Tinto said on Tuesday that it was on track for shipments of 330-million tonnes in 2017 after quarterly cargoes jumped 6% on higher rail capacity. Imports by China surged to a record in September, topping a previous high that was set in 2015, as the world’s top steel maker’s drive to boost its air quality stoked demand for imported high...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.