BHP lowers guidance for met coal output, maintains that for iron ore

BHP has lowered the guidance for its metallurgical coal output in its 2018 financial year ending June 30 amid production issues at its Broadmeadow and Blackwater mines in Queensland, Australia.

It now expects to produce 41-43 million tonnes of the steelmaking raw material, instead of the previously forecast 44-46 million tonnes.

The miner disclosed its updated guidance in its latest production report released on Thursday January 18, which showed that its metallurgical output in the three months to December had fallen 9% from...


Deepali Sharma

January 18, 2018

04:59 GMT