finance
BHP Reports Fourth-Quarter Iron Ore Output Fell 3 Percent Year Over Year
BHP reported fourth-quarter iron ore production of 68.1 million tons, down 3 percent from the same period last year. Copper output declined 5 percent to 491,900 tons, while full-year iron ore production reached a record 264.7 million tons.
Jul 15, 7:37 PM·1m read3 sources
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BHP reported fourth-quarter iron ore output of 68.1 million tons, a 3 percent decline from the same period a year earlier. Copper production fell 5 percent to 491,900 tons, primarily due to lower ore grades at its South American operations. Full-year iron ore output reached a record 264.7 million tons, up 1 percent from the prior year.
Copper production for the full year was near 2 million tons. The company attributed the quarterly copper decline to reduced ore grades at its South American sites. No other operational details were provided in the report.
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