BHP raises iron ore production estimate | Ralph-Lauren

Must Read

[ad_1]

BHP has raised the amount of iron ore it aims to produce in its full-year after restarting a mining operation in Brazil.

The miner on Wednesday gave a half-year production update in which it said it would produce between 245 and 255 million tonnes of iron ore.

The company in December restarted its Samarco joint venture, five years after a dam collapsed and killed 19 people in Brazil’s biggest environmental disaster.

Chinese steel-makers’ demand for iron ore has been key to miners’ profits.

The iron ore price has climbed from a little more than $US80 per tonne last year, to $US172 per tonne, based on China port data.

Shares were higher by 0.87 per cent to $46.27 at 1139 AEDT.

[ad_2]

Source link

Leave A Reply

Please enter your comment!
Please enter your name here

Latest News

CBD Oil Australia: Must check these details

Cannabidiol (CBD) is a chemical that is found in the Cannabis sativia plant, also known as cannabis. A cbd oil contains almost...

More Articles Like This