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BHP Iron Ore Production Surges 3% Despite Cyclone Disruptions
22 Apr
Summary
- Third-quarter iron ore output increased by 3% year-over-year.
- Western Australia operations thrived despite tropical cyclone impacts.
- Full-year iron ore production guidance remains unchanged.
BHP Group announced a 3% rise in its third-quarter iron ore production, which concluded on March 31, 2026. This increase was primarily fueled by robust performance from its Western Australia mine operations. The output reached 69.8 million metric tons on a 100% basis, exceeding market estimates.
Despite the positive production figures, the company faced challenges earlier in the quarter due to two tropical cyclones impacting operations at Port Hedland, a major global iron ore export hub. However, BHP has reaffirmed its fiscal year 2026 guidance for iron ore production from Western Australia, projecting between 284 million and 296 million tons on a 100% basis.
During the three-month period, the realized price for iron ore experienced a marginal decline of 2%, settling at $85.35 per wet metric tonne. The company's ability to maintain its production outlook underscores the resilience of its operations in Western Australia.
