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10/17/2019, 4:15 AM (Source: TeleTrader)
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BHP's output impacted by planned maintenance

BHP affirmed in the production report for its first quarter of fiscal 2020 the aim to achieve a slight increase on an annual basis. Volumes plunged across the board against the three months through June, though the rate for copper was at a positive 5% year over year with 430,000 tons. Output was down 3% on a 12-month basis, as planned maintenance at Olympic Dam eclipsed a "record" high in concentrator throughput at Escondida in Chile.

The trading entity of BHP Group Ltd. and BHP Group Plc revealed iron ore production fell 1% on the year and 3% from the fourth quarter, to 61 million tons, citing works at Port Hedland in Western Australia.

The report showed maintenance also hit the metallurgical coal segment, which shrunk 10% and 21%, respectively, to nine million tons. The result in nickel advanced 1% from one year before and slumped by a quarter from the previous three months to 22,000 tons amid planned maintenance, the Anglo-Australian mining giant said.

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