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BHP beats global iron ore production guidance in FY25

From argusmedia.com

Australian iron ore producer BHP mined 263mn t of iron ore in the July 2024-June 2025 financial year, beating expectations, and despite facing severe weather challenges over the year. BHP had expected to produce at the lower end of its 255mn-265mn t range guidance because of disruptions due to February cyclones in Western Australia (WA). But its final output sat firmly on the upper end of the guidance, the company's 18 July production report shows. BHP has set its 2025-26 financial year production guidance at 258mn-269mn t, on an equity basis. The increased guidance comes from both its WA mines and its 30mn t/yr ... (full story)

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  • Category: Fundamental Analysis