-
Mining giant BHP increases copper and iron ore production in fiscal 2023, achieves annual guidance
Global mining group BHP announced Thursday that in the fiscal year ended 30 June 2023 (FY23), its total copper production increased by 9% y-o-y to 1,717 kt. The company said that in FY23, Escondida copper production increased by 5% to 1,055 kt primarily due to higher concentrator feed grade of 0.82%, compared to 0.78% in the 2022 financial year. BHP’s total copper production for the 2024 financial year is expected to be between 1,720 and 1,910 kt. The company’s total iron ore production increased by 1% y-o-y to 257 Mt in FY23. Production for the 2024 financial year is expected to be between 254 and 264.5 Mt. ... (full story)