Hefin Owen
The company stated that the figure stood at 1.95 million tonnes, nearing last year's record high of 2.02 million tonnes. The firm's projection for copper output in the ongoing fiscal year was 1.9-2.0 million tonnes.
For the fiscal year 2027, BHP predicts copper output between 1.65 million and 1.8 million tonnes. Production at the Escondida mine decreased by 3% to 1.26 million tonnes, due to a projected drop in copper grade in the mined material to 0.9% from 1.02% in fiscal year 2025. The expected production for the fiscal year 2027 ranges from 1 million to 1.1 million tonnes. The ore quality in the feed material is anticipated to be around 0.7%.
Production of iron ore rose by 1% in the fiscal year, achieving a record high of 264.7 million tonnes, exceeding the forecast range of 258-269 million tonnes.
Western Australia Iron Ore (WAIO) extracted a record 257 million tonnes of ore in the year concluding June 30. The organization anticipates production levels in the fiscal year 2026 to range from 260 to 272 million tonnes.
source: bloomberg.com
For the fiscal year 2027, BHP predicts copper output between 1.65 million and 1.8 million tonnes. Production at the Escondida mine decreased by 3% to 1.26 million tonnes, due to a projected drop in copper grade in the mined material to 0.9% from 1.02% in fiscal year 2025. The expected production for the fiscal year 2027 ranges from 1 million to 1.1 million tonnes. The ore quality in the feed material is anticipated to be around 0.7%.
Production of iron ore rose by 1% in the fiscal year, achieving a record high of 264.7 million tonnes, exceeding the forecast range of 258-269 million tonnes.
Western Australia Iron Ore (WAIO) extracted a record 257 million tonnes of ore in the year concluding June 30. The organization anticipates production levels in the fiscal year 2026 to range from 260 to 272 million tonnes.
source: bloomberg.com
