FX.co ★ BHP Q1 Total Iron Ore Production Rises; Backs FY25 Iron Ore Production Outlook

BHP Group (stock symbols: BHP.AX, BLT.L, BBL, BHP) has announced an increase in its iron ore output for the first quarter, recording a rise to 64.65 million tonnes compared to 63.24 million tonnes in the same period the previous year. This growth is attributed to enhanced supply chain efficiencies and greater capacity enabled by the additional infrastructure project PDP1. Notably, expanded output from the Central Pilbara hub, particularly from South Flank and Mining Area C, contributed following the successful ramp-up of South Flank in fiscal year 2024.

Production from Western Australia Iron Ore (WAIO) rose to 63.36 million tonnes in the first quarter, up from 62.00 million tonnes in the previous year.

On a complete operational scale, WAIO's quarterly production increased to 71.59 million tonnes from the prior year's 69.45 million tonnes.

The company noted that iron ore production figures are calculated on a wet tonnes basis.

BHP maintains its forecast for total iron ore production for fiscal year 2025, expecting it to reach between 250 million and 260 million tonnes, or 282 million to 294 million tonnes on a full operational basis.

In the copper segment, first-quarter production grew by 4% to 476.3 thousand tonnes compared to the previous year. The company anticipates copper production for fiscal year 2025 to remain within the range of 1.845 million tonnes to 2.045 million tonnes.