Operational Review Quarter Ended 30 September 2019
|
Release Time |
IMMEDIATE |
|
Date |
17 October 2019 |
|
Release Number |
18/19 |
BHP OPERATIONAL REVIEW
FOR THE QUARTER ENDED 30 SEPTEMBER 2019
· Group copper equivalent production decreased by 3% in the September 2019 quarter largely due to planned maintenance across a number of operations and natural field decline in Petroleum. Volumes for the 2020 financial year are expected to be slightly higher than last year.
· All production and unit cost guidance (based on exchange rates of AUD/USD 0.70 and USD/CLP 683) remains unchanged for the 2020 financial year.
· All major projects under development are tracking to plan, with the Ruby oil and gas development in Trinidad and Tobago approved during the September 2019 quarter.
· In Petroleum, the Trion 3-DEL appraisal well in Mexico encountered oil in the reservoirs up dip from all previous well intersections. Phase 4 of our deepwater drilling campaign in Trinidad and Tobago was completed, evaluation and development planning studies of the discoveries are ongoing.
· Further high-grade mineralised intercepts of copper, with associated gold, uranium and silver, were confirmed during the second phase of the drilling program at Oak Dam in South Australia. The next drilling phase is expected to commence in November 2019.
|
Production |
Sep YTD19 (vs Sep YTD18) |
Sep Q19 (vs Jun Q19) |
Sep Q19 commentary |
|
Petroleum (MMboe) |
29 (11%) |
29 (1%) |
Impact of Tropical Storm Barry in the Gulf of Mexico and planned maintenance at North West Shelf, partially offset by higher seasonal demand and less maintenance activity at Bass Strait. |
|
Copper (kt) |
430 5% |
430 (3%) |
Record concentrator throughput at Escondida offset by planned maintenance related to the refinery crane replacement at Olympic Dam. |
|
Iron ore (Mt) |
61 (1%) |
61 (3%) |
Volumes at Western Australia Iron Ore (WAIO) lower due to the significant planned maintenance at Port Hedland. |
|
Metallurgical coal (Mt) |
9 (10%) |
9 (21%) |
Lower volumes reflected significant planned wash plant maintenance activities. |
|
Energy coal (Mt) |
6 (15%) |
6 (24%) |
Volumes impacted by higher strip ratios and a change in strategy to focus on higher quality products at New South Wales Energy Coal (NSWEC), and the impact of adverse weather at Cerrejón. |
|
Nickel (kt) |
22 1% |
22 (25%) |
Volumes reflected the impact of planned maintenance and transition to new ore bodies. |
BHP Chief Executive Officer, Andrew Mackenzie, said: "We delivered a solid start to the 2020 financial year through ongoing strong operational performance across our portfolio. While Group production for the quarter decreased slightly due to the expected impacts of planned maintenance and natural field decline in Petroleum, guidance remains unchanged and we are on track to deliver slightly higher volumes than last financial year. The South Flank iron ore project is 50 per cent complete, with all our major projects on schedule and budget. We achieved further encouraging exploration results in Petroleum and at the Oak Dam copper prospect."
1
Summary
Operational performance
Production and guidance are summarised below.
|
Production |
Sep Q19 |
Sep Q19 |
Sep Q19 |
|
|
Petroleum (MMboe) |
29 |
(11%) |
(1%) |
110 - 116 |
|
Copper (kt) |
430 |
5% |
(3%) |
1,705 - 1,820 |
|
Escondida (kt) |
293 |
(1%) |
2% |
1,160 - 1,230 |
|
Other copper(i) (kt) |
137 |
20% |
(13%) |
545 - 590 |
|
Iron ore (Mt) |
61 |
(1%) |
(3%) |
242 - 253 |
|
WAIO (100% basis) (Mt) |
69 |
0% |
(3%) |
273 - 286 |
|
Metallurgical coal (Mt) |
9 |
(10%) |
(21%) |
41 - 45 |
|
Queensland Coal (100% basis) (Mt) |
16 |
(10%) |
(22%) |
73 - 79 |
|
Energy coal (Mt) |
6 |
(15%) |
(24%) |
24 - 26 |
|
NSWEC (Mt) |
4 |
(10%) |
(34%) |
15 - 17 |
|
Cerrejón (Mt) |
2 |
(23%) |
2% |
~9 |
|
Nickel (kt) |
22 |
1% |
(25%) |
~87 |
(i) Other copper comprises Pampa Norte, Olympic Dam and Antamina.
Major development projects
During the September 2019 quarter, the BHP Board approved an investment of US$283 million (BHP share) for the development of the Ruby oil and gas project in Trinidad and Tobago.
At the end of the September 2019 quarter, BHP had six major projects under development in petroleum, copper, iron ore and potash, with a combined budget of US$11.4 billion over the life of the projects.
The Jansen Stage 1 potash project in Canada will be presented to the Board for final investment decision by February 2021. In order to make a final investment decision, work on engineering to support project planning and on finalising the port solution is required, and the Board has approved US$144 million for these activities. An additional US$201 million in funding was approved to further derisk the project, focussing on the mine's scope of work, advancing other engineering and procurement activities, and preparation works for underground infrastructure. This will enable an efficient transition of the project team between the study and execution phase, should the project be approved. The release of funding to the project will be staged over this period.
Corporate update
As outlined in our 2019 financial year results announcement, we expect a US$3.8 billion increase in net debt over the 2020 financial year from the application of IFRS 16 'Leases', new leases commencing in the year and a change in our definition of net debt to include fair value of derivatives related to net debt.
Susan Kilsby has been appointed as the Chairman of the Remuneration Committee and John Mogford has been appointed as the Chairman of the Sustainability Committee, both with effect from the conclusion of the BHP Group Limited Annual General Meeting on 7 November 2019. Susan has been a Non-executive Director of BHP since April 2019 and John has been a Non-executive Director of BHP since October 2017.
2
Petroleum
Production
|
|
Sep Q19 |
Sep Q19 |
Sep Q19 |
|
Crude oil, condensate and natural gas liquids (MMboe) |
13 |
(11%) |
(6%) |
|
Natural gas (bcf) |
100 |
(11%) |
3% |
|
Total petroleum production (MMboe) |
29 |
(11%) |
(1%) |
Petroleum - Total petroleum production decreased by 11 per cent to 29 MMboe. Guidance for the 2020 financial year remains unchanged at between 110 and 116 MMboe.
Crude oil, condensate and natural gas liquids production declined by 11 per cent to 13 MMboe due to the impact of Tropical Storm Barry in the Gulf of Mexico and natural field decline across the portfolio. This decline was partially offset by higher uptime at Pyrenees following the 70 day dry dock maintenance during the same period last year.
Natural gas production decreased by 11 per cent to 100 bcf, reflecting a decrease in tax barrels at Trinidad and Tobago in accordance with the terms of our Production Sharing Contract, planned maintenance at North West Shelf and natural field decline across the portfolio.
Projects
|
Project and |
Capital expenditure US$M |
Initial production target date |
Capacity |
Progress |
|
Atlantis Phase 3 |
696 |
CY20 |
New subsea production system that will tie back to the existing Atlantis facility, with capacity to produce up to 38,000 gross barrels of oil equivalent per day. |
On schedule and budget. The overall project is 17% complete. |
|
Ruby |
283 |
CY21 |
Five production wells tied back into existing operated processing facilities, with capacity to produce up to 16,000 gross barrels of oil per day and 80 million gross standard cubic feet of natural gas per day. |
Project approved on 7 August 2019. The overall project is 6% complete. |
|
Mad Dog Phase 2 |
2,154 |
CY22 |
New floating production facility with the capacity to produce up to 140,000 gross barrels of crude oil per day. |
On schedule and budget. The overall project is 58% complete. |
The Bass Strait West Barracouta project is tracking to plan and is expected to achieve first production in the 2021 calendar year.
On 3 September 2019, the Minerva gas field reached end-of-field life and production ceased at the Minerva Gas Plant. As announced in the June 2018 quarter, BHP agreed to sell its 90 per cent interest in the Minerva Gas Plant to the Casino Henry Joint Venture after the cessation of gas processing from the Minerva gas field. The sale is subject to customary closing conditions and is expected to close during the December 2019 quarter.
3
Petroleum exploration
Exploration and appraisal wells drilled during the September 2019 quarter are summarised below.
|
Well |
Location |
Target |
Formation age |
BHP equity |
Spud date |
Water depth |
Total well depth |
Status |
|
Trion-3DEL |
Mexico Block AE-0093 |
Oil |
Eocene |
60% (BHP Operator) |
9 July 2019 |
2,596 m |
4,615 m |
Hydrocarbons encountered; Plugged and abandoned |
|
Boom-1 |
Trinidad & Tobago Block 14 |
Gas |
Late Miocene |
70% (BHP Operator) |
28 August 2019 |
2,207 m |
5,035 m |
Hydrocarbons encountered; Plugged and abandoned |
|
Carnival-1 |
Trinidad & Tobago Block 14 |
Gas |
Late Miocene |
70% (BHP Operator) |
30 September 2019 |
2,119 m |
2,391m(1) |
Drilling ahead(1) |
In Mexico, we spud the Trion 3-DEL appraisal well on 9 July 2019. We are encouraged by the preliminary results, with the well encountering oil in the reservoirs up dip from all previous well intersections. Evaluation and analysis is ongoing. No further appraisal wells are anticipated.
In Trinidad and Tobago, we drilled two additional exploration wells in our Northern licences as a part of Phase 4 of our deepwater drilling campaign. The Boom-1 well was spud on 28 August 2019 and encountered hydrocarbons. Evaluation an analysis is ongoing. The Carnival-1 well was spud on 30 September 2019 and reached total depth after the end of the September 2019 quarter. The well was a dry hole. This completed the exploration program on our Trinidad and Tobago Northern licences. Evaluation and development planning studies of the discoveries in the North are ongoing. Following Carnival-1, the Deepwater Invictus rig will return to the US Gulf of Mexico to complete regulatory abandonment work on Shenzi appraisal and exploration boreholes.
In the US Gulf of Mexico, in August 2019, we were the apparent high bidder on blocks GC124 and GC168 in the central Gulf of Mexico, building on our Green Canyon position. Additionally, we were the apparent high bidder on 18 additional blocks(2), which would expand our position in the western Gulf of Mexico.
In Australia, the National Offshore Petroleum Titles Administrator approved the surrender of the WA-255-P exploration permit, following our technical assessment of remaining potential.
Petroleum exploration expenditure for the September 2019 quarter was US$162 million, of which US$69 million was expensed. A US$0.7 billion exploration and appraisal program is being executed for the 2020 financial year.
4
Copper
Production
|
|
Sep Q19 |
Sep Q19 |
Sep Q19 |
|
Copper (kt) |
430 |
5% |
(3%) |
|
Zinc (t) |
20,454 |
(33%) |
(9%) |
|
Uranium (t) |
937 |
69% |
(4%) |
Copper - Total copper production increased by five per cent to 430 kt. Guidance for the 2020 financial year remains unchanged at between 1,705 and 1,820 kt.
Escondida copper production decreased by one per cent to 293 kt, with record concentrator throughput of 369 ktpd in the quarter offsetting expected grade decline. Ongoing improvements in maintenance implemented as part of our Transformation agenda contributed to the higher throughput, with the rate increasing to 377 ktpd in September 2019. Guidance for the 2020 financial year remains unchanged at between 1,160 and 1,230 kt, underpinned by an expected uplift in concentrator throughput performance versus the prior year, partly offset by an approximately five per cent reduction in copper grade of concentrator feed.
Pampa Norte copper production increased by 47 per cent to 64 kt, reflecting the impact of a fire at the electro-winning plant at Spence in the September 2018 quarter. Guidance for the 2020 financial year remains unchanged at between 230 and 250 kt, including expected grade decline of approximately 10 per cent.
Olympic Dam copper production increased by five per cent to 35 kt as a result of the prior period acid plant outage, partially offset by the impact of planned preparatory work undertaken in the September 2019 quarter related to the replacement of the refinery crane. The preparatory work is the most significant part of the project, with the physical replacement and commissioning of the refinery crane scheduled for the March 2020 quarter. Underground operations, the mill and the smelter performed to plan, enabling the build of anode stocks for processing through the refinery in the subsequent three quarters. Guidance for the 2020 financial year remains unchanged at between 180 and 205 kt.
Antamina copper production increased by two per cent to 38 kt and zinc production decreased by 33 per cent to 20 kt, reflecting higher copper head grades and lower zinc head grades. Guidance for the 2020 financial year remains unchanged at approximately 135 kt for copper and approximately 110 kt for zinc.
Projects
|
Project and |
Capital expenditure US$M |
Initial production target date |
Capacity |
Progress |
|
Spence Growth Option |
2,460 |
H1 FY21 |
New 95 ktpd concentrator is expected to increase Spence's payable copper in concentrate production by approximately 185 ktpa in the first 10 years of operation and extend the mining operations by more than 50 years. |
On schedule and budget. The overall project is 74% complete. |
5
Iron Ore
Production
|
|
Sep Q19 |
Sep Q19 |
Sep Q19 |
|
Iron ore production (kt) |
61,005 |
(1%) |
(3%) |
Iron ore - Total iron ore production decreased by one per cent to 61 Mt (69 Mt on a 100 per cent basis). Guidance for the 2020 financial year remains unchanged at between 242 and 253 Mt (273 and 286 Mt on a 100 per cent basis).
At WAIO, lower volumes reflected significant planned maintenance at Port Hedland, including a major car dumper maintenance program, to further improve port reliability and provide a stable base for our tightly coupled supply chain. Major planned car dumper maintenance was completed on 16 October 2019, while the port maintenance program continues through the 2020 financial year. Mine operations continued to deliver consistent performance during the quarter.
Mining and processing operations at Samarco remain suspended following the failure of the Fundão tailings dam and Santarém water dam on 5 November 2015.
In September 2019, BHP divested its 45.5 per cent interest in the Nimba iron ore project in Guinea to High Power Exploration Inc. (HPX).
Projects
|
Project and |
Capital expenditure US$M |
Initial production target date |
Capacity |
Progress |
|
South Flank |
3,061 |
CY21 |
Sustaining iron ore mine to replace production from the 80 Mtpa (100 per cent basis) Yandi mine. |
On schedule and budget. The overall project is 50% complete. |
Coal
Production
|
|
Sep Q19 |
Sep Q19 |
Sep Q19 |
|
Metallurgical coal (kt) |
9,358 |
(10%) |
(21%) |
|
Energy coal (kt) |
5,647 |
(15%) |
(24%) |
Metallurgical coal - Metallurgical coal production was down 10 per cent to 9 Mt (16 Mt on a 100 per cent basis). Guidance for the 2020 financial year remains unchanged at between 41 and 45 Mt (73 and 79 Mt on a 100 per cent basis) with volumes weighted to the last three quarters of the financial year.
At Queensland Coal, production was impacted by the planned major wash plant shutdowns at Goonyella, Peak Downs and Caval Ridge. This was partially offset by increased feed rates at the Peak Downs wash plant following a change in mine sequencing.
Energy coal - Energy coal production decreased by 15 per cent to 6 Mt. Guidance for the 2020 financial year remains unchanged at between 24 and 26 Mt.
6
New South Wales Energy Coal production decreased by 10 per cent as a result of the change in product strategy to focus on higher quality products. Guidance for the 2020 financial year remains unchanged at between 15 and 17 Mt.
Cerrejón production decreased by 23 per cent due to the impact of adverse weather. Guidance for the 2020 financial year remains unchanged at approximately 9 Mt.
Other
Nickel production
|
|
Sep Q19 |
Sep Q19 |
Sep Q19 |
|
Nickel (kt) |
21.6 |
1% |
(25%) |
Nickel - Nickel West production increased by one per cent to 22 kt, reflecting higher volumes at the Kalgoorlie smelter following the fire in September 2018.
Major quadrennial maintenance shutdowns at the Kwinana refinery and the Kalgoorlie smelter are scheduled for the December 2019 quarter. Guidance for the 2020 financial year remains unchanged, with production expected to be broadly in line with the 2019 financial year.
Potash - The Jansen Stage 1 potash project in Canada will be presented to the Board for final investment decision by February 2021. In order to make a final investment decision, work on engineering to support project planning and on finalising the port solution is required, and the Board has approved US$144 million for these activities. An additional US$201 million in funding was approved to further derisk the project, focussing on the mine's scope of work, advancing other engineering and procurement activities, and preparation works for underground infrastructure. This will enable an efficient transition of the project team between the study and execution phase, should the project be approved. The release of funding to the project will be staged over this period.
Potash project
|
Project and |
Investment |
Scope |
Progress |
|
Jansen Potash |
2,700 |
Investment to finish the excavation and lining of the production and service shafts, and to continue the installation of essential surface infrastructure and utilities. |
The project is 84% complete and within the approved budget. Preparation work for final shaft lining is continuing. |
Minerals exploration
Minerals exploration expenditure for the September 2019 quarter was US$44 million, of which US$38 million was expensed. Greenfield minerals exploration is predominantly focused on advancing copper targets within Chile, Ecuador, Mexico, Peru, Canada, South Australia and the south-west United States.
At Oak Dam in South Australia, the second phase of the drilling program delivered encouraging results. Further high-grade mineralised intercepts of copper, with associated gold, uranium and silver, were confirmed. Multiple intervals ranging between 0.25 and 5.77 per cent copper were identified by laboratory assay results from 10 diamond drill holes, totalling 12,441 metres. For further details refer to Appendix 1.
The exploration project remains at an early stage with large parts of the target still to be drill tested. The next phase of the drilling program is expected to commence in November 2019.
7
Variance analysis relates to the relative performance of BHP and/or its operations during the September 2019 quarter compared with the September 2018 quarter, unless otherwise noted. Production volumes, sales volumes and capital and exploration expenditure from subsidiaries are reported on a 100 per cent basis; production and sales volumes from equity accounted investments and other operations are reported on a proportionate consolidation basis. Numbers presented may not add up precisely to the totals provided due to rounding. Copper equivalent production based on 2019 financial year average realised prices.
The following footnotes apply to this Operational Review:
(1) Well depth and status as at 30 September 2019.
(2) We were the apparent high bidder on 18 additional blocks: GB630, GB574, GB575, GB619, GB676, GB677, EB655, EB656, EB701, GB762, GB805, GB806, GB851, GB852, GB895, GB672, GB716 and GB760.
The following abbreviations may have been used throughout this report: barrels (bbl); billion cubic feet (bcf); cost and freight (CFR); cost, insurance and freight (CIF); dry metric tonne unit (dmtu); free on board (FOB); grams per tonne (g/t); kilograms per tonne (kg/t); kilometre (km); metre (m); million barrels of oil equivalent (MMboe); million cubic feet per day (MMcf/d); million tonnes (Mt); million tonnes per annum (Mtpa); ounces (oz); pounds (lb); thousand barrels of oil equivalent (Mboe); thousand barrels of oil equivalent per day (Mboe/d); thousand ounces (koz); thousand standard cubic feet (Mscf); thousand tonnes (kt); thousand tonnes per annum (ktpa); thousand tonnes per day (ktpd); tonnes (t); and wet metric tonnes (wmt).
In this release, the terms 'BHP', 'Group', 'BHP Group', 'we', 'us', 'our' and ourselves' are used to refer to BHP Group Limited, BHP Group plc and, except where the context otherwise requires, their respective subsidiaries as defined in note 28 'Subsidiaries' in section 5.1 of BHP's 30 June 2019 Annual Report and Form 20-F, unless stated otherwise. Notwithstanding that this release may include production, financial and other information from non-operated assets, non-operated assets are not included in the BHP Group and, as a result, statements regarding our operations, assets and values apply only to our operated assets unless stated otherwise.
8
Further information on BHP can be found at: bhp.com
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Media Relations
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Investor Relations
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Email: media.relations@bhp.com |
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Email: investor.relations@bhp.com |
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Australia and Asia
Gabrielle Notley Tel: +61 3 9609 3830 Mobile: +61 411 071 715
Europe, Middle East and Africa
Neil Burrows Tel: +44 20 7802 7484 Mobile: +44 7786 661 683
Americas
Judy Dane Tel: +1 713 961 8283 Mobile: +1 713 299 5342 |
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Australia and Asia
Tara Dines Tel: +61 3 9609 2222 Mobile: +61 499 249 005
Europe, Middle East and Africa
Elisa Morniroli Tel: +44 20 7802 7611 Mobile: +44 7825 926 646
Americas
Cristian Coloma Tel: +1 713 235 8902 Mobile: +1 346 234 8483 |
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BHP Group Limited ABN 49 004 028 077 LEI WZE1WSENV6JSZFK0JC28 Registered in Australia Registered Office: Level 18, 171 Collins Street Melbourne Victoria 3000 Australia Tel +61 1300 55 4757 Fax +61 3 9609 3015 |
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Members of the BHP Group which is
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9
Production summary
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Quarter ended |
Year to date |
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BHP |
Sep |
Dec |
Mar |
Jun |
Sep |
Sep |
Sep |
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|
|
interest |
2018 |
2018 |
2019 |
2019 |
2019 |
2019 |
2018 |
|
||
|
|
|
|
|
|
|
|
|
|
|||
|
Petroleum (1) |
|
|
|
|
|
|
|
|
|||
|
Petroleum |
|
|
|
|
|
|
|
|
|||
|
Conventional |
|
|
|
|
|
|
|
|
|||
|
Crude oil, condensate and NGL (Mboe) |
|
14,087 |
14,497 |
13,236 |
13,366 |
12,507 |
12,507 |
14,087 |
|||
|
Natural gas (bcf) |
|
112.3 |
93.9 |
92.9 |
97.8 |
100.4 |
100.4 |
112.3 |
|||
|
|
|
|
|
|
|
|
|
|
|||
|
Total (Mboe) |
|
32,804 |
30,147 |
28,719 |
29,666 |
29,240 |
29,240 |
32,804 |
|||
|
|
|
|
|
|
|
|
|
|
|||
|
Copper (2) |
|
|
|
|
|
|
|
|
|||
|
Copper |
|
|
|
|
|
|
|
|
|||
|
Payable metal in concentrate (kt) |
|
|
|
|
|
|
|
|
|||
|
Escondida (3) |
57.5% |
240.0 |
212.6 |
205.4 |
224.1 |
237.0 |
237.0 |
240.0 |
|||
|
Antamina |
33.8% |
37.0 |
38.3 |
34.5 |
37.4 |
37.6 |
37.6 |
37.0 |
|||
|
|
|
|
|
|
|
|
|
|
|||
|
Total |
|
277.0 |
250.9 |
239.9 |
261.5 |
274.6 |
274.6 |
277.0 |
|||
|
|
|
|
|
|
|
|
|
|
|||
|
Cathode (kt) |
|
|
|
|
|
|
|
|
|||
|
Escondida (3) |
57.5% |
55.4 |
71.9 |
62.4 |
63.5 |
55.9 |
55.9 |
55.4 |
|||
|
Pampa Norte (4) |
100% |
43.4 |
61.8 |
67.2 |
74.1 |
63.9 |
63.9 |
43.4 |
|||
|
Olympic Dam |
100% |
33.3 |
31.6 |
50.2 |
45.2 |
35.1 |
35.1 |
33.3 |
|||
|
|
|
|
|
|
|
|
|
|
|||
|
Total |
|
132.1 |
165.3 |
179.8 |
182.8 |
154.9 |
154.9 |
132.1 |
|||
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|||
|
Total copper (kt) |
|
409.1 |
416.2 |
419.7 |
444.3 |
429.5 |
429.5 |
409.1 |
|||
|
|
|
|
|
|
|
|
|
|
|||
|
Lead |
|
|
|
|
|
|
|
|
|||
|
Payable metal in concentrate (t) |
|
|
|
|
|
|
|
|
|||
|
Antamina |
33.8% |
563 |
600 |
456 |
770 |
405 |
405 |
563 |
|||
|
|
|
|
|
|
|
|
|
|
|||
|
Total |
|
563 |
600 |
456 |
770 |
405 |
405 |
563 |
|||
|
|
|
|
|
|
|
|
|
|
|||
|
Zinc |
|
|
|
|
|
|
|
|
|||
|
Payable metal in concentrate (t) |
|
|
|
|
|
|
|
|
|||
|
Antamina |
33.8% |
30,558 |
24,237 |
20,848 |
22,469 |
20,454 |
20,454 |
30,558 |
|||
|
|
|
|
|
|
|
|
|
|
|||
|
Total |
|
30,558 |
24,237 |
20,848 |
22,469 |
20,454 |
20,454 |
30,558 |
|||
|
|
|
|
|
|
|
|
|
|
|||
|
Gold |
|
|
|
|
|
|
|
|
|||
|
Payable metal in concentrate (troy oz) |
|
|
|
|
|
|
|
||||
|
Escondida (3) |
57.5% |
63,578 |
73,726 |
73,998 |
74,704 |
48,801 |
48,801 |
63,578 |
|||
|
Olympic Dam (refined gold) |
100% |
23,471 |
17,856 |
28,609 |
37,032 |
43,205 |
43,205 |
23,471 |
|||
|
|
|
|
|
|
|
|
|
|
|||
|
Total |
|
87,049 |
91,582 |
102,607 |
111,736 |
92,006 |
92,006 |
87,049 |
|||
|
|
|
|
|
|
|
|
|
|
|||
|
Silver |
|
|
|
|
|
|
|
|
|||
|
Payable metal in concentrate (troy koz) |
|
|
|
|
|
|
|
||||
|
Escondida (3) |
57.5% |
1,997 |
2,570 |
2,189 |
2,074 |
1,626 |
1,626 |
1,997 |
|||
|
Antamina |
33.8% |
1,309 |
1,178 |
1,062 |
1,209 |
1,101 |
1,101 |
1,309 |
|||
|
Olympic Dam (refined silver) |
100% |
213 |
212 |
230 |
268 |
245 |
245 |
213 |
|||
|
|
|
|
|
|
|
|
|
|
|||
|
Total |
|
3,519 |
3,960 |
3,481 |
3,551 |
2,972 |
2,972 |
3,519 |
|||
|
|
|
|
|
|
|
|
|
|
|||
|
Uranium |
|
|
|
|
|
|
|
|
|||
|
Payable metal in concentrate (t) |
|
|
|
|
|
|
|
|
|||
|
Olympic Dam |
100% |
555 |
929 |
1,106 |
975 |
937 |
937 |
555 |
|||
|
|
|
|
|
|
|
|
|
|
|||
|
Total |
|
555 |
929 |
1,106 |
975 |
937 |
937 |
555 |
|||
|
|
|
|
|
|
|
|
|
|
|||
|
Molybdenum |
|
|
|
|
|
|
|
|
|||
|
Payable metal in concentrate (t) |
|
|
|
|
|
|
|
|
|||
|
Antamina |
33.8% |
464 |
417 |
82 |
178 |
405 |
405 |
464 |
|||
|
|
|
|
|
|
|
|
|
|
|||
|
Total |
|
464 |
417 |
82 |
178 |
405 |
405 |
464 |
|||
|
|
|
|
|
|
|
|
|
|
|||
10
Production summary
|
|
|
Quarter ended |
Year to date |
|||||
|
|
|
|
|
|||||
|
|
BHP |
Sep |
Dec |
Mar |
Jun |
Sep |
Sep |
Sep |
|
|
interest |
2018 |
2018 |
2019 |
2019 |
2019 |
2019 |
2018 |
|
|
|
|
|
|
|
|
|
|
|
Iron Ore |
|
|
|
|
|
|
|
|
|
Iron Ore |
|
|
|
|
|
|
|
|
|
Production (kt) (5) |
|
|
|
|
|
|
|
|
|
Newman |
85% |
16,378 |
17,578 |
15,608 |
17,058 |
16,316 |
16,316 |
16,378 |
|
Area C Joint Venture |
85% |
11,696 |
10,280 |
11,627 |
13,837 |
12,620 |
12,620 |
11,696 |
|
Yandi Joint Venture |
85% |
16,870 |
15,627 |
15,214 |
17,486 |
17,827 |
17,827 |
16,870 |
|
Jimblebar (6) |
85% |
16,353 |
14,326 |
13,658 |
14,209 |
14,239 |
14,239 |
16,353 |
|
Wheelarra |
85% |
114 |
30 |
10 |
5 |
3 |
3 |
114 |
|
Samarco |
50% |
- |
- |
- |
- |
- |
- |
- |
|
|
|
|
|
|
|
|
|
|
|
Total |
|
61,411 |
57,841 |
56,117 |
62,595 |
61,005 |
61,005 |
61,411 |
|
|
|
|
|
|
|
|
|
|
|
Coal |
|
|
|
|
|
|
|
|
|
Metallurgical coal |
|
|
|
|
|
|
|
|
|
Production (kt) (7) |
|
|
|
|
|
|
|
|
|
BMA |
50% |
7,744 |
7,694 |
7,608 |
9,090 |
6,905 |
6,905 |
7,744 |
|
BHP Mitsui Coal (8) |
80% |
2,614 |
2,578 |
2,269 |
2,804 |
2,453 |
2,453 |
2,614 |
|
|
|
|
|
|
|
|
|
|
|
Total |
|
10,358 |
10,272 |
9,877 |
11,894 |
9,358 |
9,358 |
10,358 |
|
|
|
|
|
|
|
|
|
|
|
Energy coal |
|
|
|
|
|
|
|
|
|
Production (kt) |
|
|
|
|
|
|
|
|
|
Australia |
100% |
3,982 |
4,311 |
4,552 |
5,412 |
3,592 |
3,592 |
3,982 |
|
Colombia |
33.3% |
2,658 |
2,356 |
2,199 |
2,017 |
2,055 |
2,055 |
2,658 |
|
|
|
|
|
|
|
|
|
|
|
Total |
|
6,640 |
6,667 |
6,751 |
7,429 |
5,647 |
5,647 |
6,640 |
|
|
|
|
|
|
|
|
|
|
|
Other |
|
|
|
|
|
|
|
|
|
Nickel |
|
|
|
|
|
|
|
|
|
Saleable production (kt) |
|
|
|
|
|
|
|
|
|
Nickel West (9) |
100% |
21.4 |
18.1 |
19.2 |
28.7 |
21.6 |
21.6 |
21.4 |
|
|
|
|
|
|
|
|
|
|
|
Total |
|
21.4 |
18.1 |
19.2 |
28.7 |
21.6 |
21.6 |
21.4 |
|
|
|
|
|
|
|
|
|
|
|
Cobalt |
|
|
|
|
|
|
|
|
|
Saleable production (t) |
|
|
|
|
|
|
|
|
|
Nickel West |
100% |
249 |
154 |
194 |
302 |
211 |
211 |
249 |
|
|
|
|
|
|
|
|
|
|
|
Total |
|
249 |
154 |
194 |
302 |
211 |
211 |
249 |
|
|
|
|
|
|
|
|
|
|
(1) LPG and ethane are reported as natural gas liquids (NGL). Product-specific conversions are made and NGL is reported in barrels of oil
equivalent (boe). Total boe conversions are based on 6 bcf of natural gas equals 1 MMboe.
(2) Metal production is reported on the basis of payable metal.
(3) Shown on a 100% basis. BHP interest in saleable production is 57.5%.
(4) Includes Cerro Colorado and Spence.
(5) Iron ore production is reported on a wet tonnes basis.
(6) Shown on a 100% basis. BHP interest in saleable production is 85%.
(7) Metallurgical coal production is reported on the basis of saleable product. Production figures include some thermal coal.
(8) Shown on a 100% basis. BHP interest in saleable production is 80%.
(9) Production restated to include other nickel by-products.
Throughout this report figures in italics indicate that this figure has been adjusted since it was previously reported.
11
Production and sales report
|
|
|
|
|
Quarter ended |
Year to date |
|||||
|
|
|
|
|
|
|
|||||
|
|
Sep 2018 |
Dec 2018 |
Mar 2019 |
Jun 2019 |
Sep 2019 |
Sep 2019 |
Sep 2018 |
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Petroleum - Conventional (1) |
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Bass Strait |
|
|
|
|
|
|
|
|
||
|
Crude oil and condensate |
(Mboe) |
1,653 |
1,401 |
893 |
1,246 |
1,409 |
1,409 |
1,653 |
||
|
NGL |
(Mboe) |
1,840 |
1,447 |
849 |
1,299 |
1,810 |
1,810 |
1,840 |
||
|
Natural gas |
(bcf) |
35.1 |
25.2 |
21.0 |
30.6 |
36.6 |
36.6 |
35.1 |
||
|
|
|
|
|
|
|
|
|
|
||
|
Total petroleum products |
(MMboe) |
9.3 |
7.0 |
5.2 |
7.6 |
9.3 |
9.3 |
9.3 |
||
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
North West Shelf |
|
|
|
|
|
|
|
|
||
|
Crude oil and condensate |
(Mboe) |
1,514 |
1,520 |
1,431 |
1,357 |
1,337 |
1,337 |
1,514 |
||
|
NGL |
(Mboe) |
242 |
206 |
193 |
189 |
202 |
202 |
242 |
||
|
Natural gas |
(bcf) |
36.6 |
37.5 |
36.6 |
34.8 |
32.1 |
32.1 |
36.6 |
||
|
|
|
|
|
|
|
|
|
|
||
|
Total petroleum products |
(MMboe) |
7.9 |
8.0 |
7.7 |
7.3 |
6.9 |
6.9 |
7.9 |
||
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Pyrenees |
|
|
|
|
|
|
|
|
||
|
Crude oil and condensate |
(Mboe) |
282 |
1,101 |
940 |
1,001 |
979 |
979 |
282 |
||
|
|
|
|
|
|
|
|
|
|
||
|
Total petroleum products |
(MMboe) |
0.3 |
1.1 |
0.9 |
1.0 |
1.0 |
1.0 |
0.3 |
||
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Australia (2) |
|
|
|
|
|
|
|
|
||
|
Crude oil and condensate |
(Mboe) |
7 |
8 |
6 |
7 |
8 |
8 |
7 |
||
|
Natural gas |
(bcf) |
13.8 |
13.9 |
13.0 |
12.2 |
12.0 |
12.0 |
13.8 |
||
|
|
|
|
|
|
|
|
|
|
||
|
Total petroleum products |
(MMboe) |
2.3 |
2.3 |
2.2 |
2.0 |
2.0 |
2.0 |
2.3 |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
Atlantis (3) |
|
|
|
|
|
|
|
|
||
|
Crude oil and condensate |
(Mboe) |
3,190 |
3,802 |
3,888 |
3,607 |
2,759 |
2,759 |
3,190 |
||
|
NGL |
(Mboe) |
215 |
268 |
275 |
248 |
192 |
192 |
215 |
||
|
Natural gas |
(bcf) |
1.5 |
1.9 |
2.0 |
2.2 |
1.4 |
1.4 |
1.5 |
||
|
|
|
|
|
|
|
|
|
|
||
|
Total petroleum products |
(MMboe) |
3.7 |
4.4 |
4.5 |
4.2 |
3.2 |
3.2 |
3.7 |
||
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Mad Dog (3) |
|
|
|
|
|
|
|
|
||
|
Crude oil and condensate |
(Mboe) |
1,270 |
1,158 |
1,258 |
1,246 |
1,096 |
1,096 |
1,270 |
||
|
NGL |
(Mboe) |
61 |
54 |
58 |
23 |
49 |
49 |
61 |
||
|
Natural gas |
(bcf) |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
||
|
|
|
|
|
|
|
|
|
|
||
|
Total petroleum products |
(MMboe) |
1.4 |
1.2 |
1.3 |
1.3 |
1.2 |
1.2 |
1.4 |
||
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Shenzi (3) |
|
|
|
|
|
|
|
|
||
|
Crude oil and condensate |
(Mboe) |
2,016 |
2,024 |
1,881 |
1,725 |
1,345 |
1,345 |
2,016 |
||
|
NGL |
(Mboe) |
122 |
121 |
112 |
(2) |
70 |
70 |
122 |
||
|
Natural gas |
(bcf) |
0.4 |
0.4 |
0.4 |
0.4 |
0.2 |
0.2 |
0.4 |
||
|
|
|
|
|
|
|
|
|
|
||
|
Total petroleum products |
(MMboe) |
2.2 |
2.2 |
2.1 |
1.8 |
1.4 |
1.4 |
2.2 |
||
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Trinidad/Tobago |
|
|
|
|
|
|
|
|
||
|
Crude oil and condensate |
(Mboe) |
447 |
200 |
284 |
235 |
175 |
175 |
447 |
||
|
Natural gas |
(bcf) |
24.0 |
14.0 |
19.5 |
17.3 |
17.9 |
17.9 |
24.0 |
||
|
|
|
|
|
|
|
|
|
|
||
|
Total petroleum products |
(MMboe) |
4.4 |
2.5 |
3.5 |
3.1 |
3.2 |
3.2 |
4.4 |
||
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Americas (3) (4) |
|
|
|
|
|
|
|
|
||
|
Crude oil and condensate |
(Mboe) |
207 |
218 |
284 |
272 |
185 |
185 |
207 |
||
|
NGL |
(Mboe) |
3 |
4 |
18 |
3 |
2 |
2 |
3 |
||
|
Natural gas |
(bcf) |
- |
0.1 |
0.2 |
0.1 |
- |
- |
- |
||
|
|
|
|
|
|
|
|
|
|
||
|
Total petroleum products |
(MMboe) |
0.2 |
0.2 |
0.3 |
0.3 |
0.2 |
0.2 |
0.2 |
||
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
UK (5) |
|
|
|
|
|
|
|
|
|
|
|
Crude oil and condensate |
(Mboe) |
36 |
36 |
- |
- |
- |
- |
36 |
||
|
NGL |
(Mboe) |
21 |
21 |
- |
- |
- |
- |
21 |
||
|
Natural gas |
(bcf) |
0.7 |
0.7 |
- |
- |
- |
- |
0.7 |
||
|
|
|
|
|
|
|
|
|
|
||
|
Total petroleum products |
(MMboe) |
0.2 |
0.2 |
- |
- |
- |
- |
0.2 |
||
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Algeria |
|
|
|
|
|
|
|
|
||
|
Crude oil and condensate |
(Mboe) |
961 |
908 |
866 |
910 |
889 |
889 |
961 |
||
|
|
|
|
|
|
|
|
|
|
||
|
Total petroleum products |
(MMboe) |
1.0 |
0.9 |
0.9 |
0.9 |
0.9 |
0.9 |
1.0 |
||
|
|
|
|
|
|
|
|
|
|
||
12
Production and sales report
|
|
|
Quarter ended |
Year to date |
|||||
|
|
|
|
|
|||||
|
|
|
Sep 2018 |
Dec 2018 |
Mar 2019 |
Jun 2019 |
Sep 2019 |
Sep 2019 |
Sep 2018 |
|
|
|
|||||||
|
|
|
|
|
|
|
|
|
|
|
Petroleum - Total (1) |
|
|
|
|
|
|
|
|
|
Conventional |
|
|
|
|
|
|
|
|
|
Crude oil and condensate |
(Mboe) |
11,583 |
12,376 |
11,731 |
11,606 |
10,182 |
10,182 |
11,583 |
|
NGL |
(Mboe) |
2,504 |
2,121 |
1,505 |
1,760 |
2,325 |
2,325 |
2,504 |
|
Natural gas |
(bcf) |
112.3 |
93.9 |
92.9 |
97.8 |
100.4 |
100.4 |
112.3 |
|
|
|
|
|
|
|
|
|
|
|
Total |
(Mboe) |
32,804 |
30,147 |
28,719 |
29,666 |
29,240 |
29,240 |
32,804 |
|
|
|
|
|
|
|
|
|
|
(1) Total boe conversions are based on 6 bcf of natural gas equals 1 MMboe. Negative production figures represent finalisation adjustments.
(2) Other Australia includes Minerva and Macedon.
(3) Gulf of Mexico volumes are net of royalties.
(4) Other Americas includes Neptune, Genesis and Overriding Royalty Interest.
(5) BHP completed the sale of its interest in the Bruce and Keith oil and gas fields on 30 November 2018. The sale has an effective date of 1 January 2018.
13
Production and sales report
|
|
|
Quarter ended |
Year to date |
|||||||
|
|
|
|
|
|||||||
|
|
|
Sep 2018 |
Dec 2018 |
Mar 2019 |
Jun 2019 |
Sep 2019 |
Sep 2019 |
Sep 2018 |
||
|
|
|
|
|
|
|
|
|
|
||
|
Copper |
|
|
|
|
|
|
|
|
||
|
Metals production is payable metal unless otherwise stated.
|
|
|
|
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Escondida, Chile (1) |
|
|
|
|
|
|
|
|
||
|
Material mined |
(kt) |
107,260 |
105,580 |
103,936 |
100,693 |
101,026 |
101,026 |
107,260 |
||
|
Sulphide ore milled |
(kt) |
30,513 |
30,507 |
32,027 |
32,519 |
33,956 |
33,956 |
30,513 |
||
|
Average concentrator head grade |
(%) |
0.94% |
0.87% |
0.82% |
0.86% |
0.86% |
0.86% |
0.94% |
||
|
Production ex mill |
(kt) |
241.9 |
219.9 |
216.9 |
230.9 |
245.0 |
245.0 |
241.9 |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Production |
|
|
|
|
|
|
|
|
||
|
Payable copper |
(kt) |
240.0 |
212.6 |
205.4 |
224.1 |
237.0 |
237.0 |
240.0 |
||
|
Copper cathode (EW) |
(kt) |
55.4 |
71.9 |
62.4 |
63.5 |
55.9 |
55.9 |
55.4 |
||
|
- Oxide leach |
(kt) |
19.5 |
23.4 |
20.9 |
23.4 |
21.9 |
21.9 |
19.5 |
||
|
- Sulphide leach |
(kt) |
35.8 |
48.5 |
41.5 |
40.1 |
34.1 |
34.1 |
35.8 |
||
|
|
|
|
|
|
|
|
|
|
||
|
Total copper |
(kt) |
295.4 |
284.5 |
267.8 |
287.6 |
292.9 |
292.9 |
295.4 |
||
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Payable gold concentrate |
(troy oz) |
63,578 |
73,726 |
73,998 |
74,704 |
48,801 |
48,801 |
63,578 |
||
|
Payable silver concentrate |
(troy koz) |
1,997 |
2,570 |
2,189 |
2,074 |
1,626 |
1,626 |
1,997 |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales |
|
|
|
|
|
|
|
|
||
|
Payable copper |
(kt) |
216.5 |
229.2 |
212.0 |
223.4 |
222.2 |
222.2 |
216.5 |
||
|
Copper cathode (EW) |
(kt) |
53.2 |
72.3 |
56.6 |
67.5 |
52.3 |
52.3 |
53.2 |
||
|
Payable gold concentrate |
(troy oz) |
63,578 |
73,726 |
73,999 |
74,704 |
48,801 |
48,801 |
63,578 |
||
|
Payable silver concentrate |
(troy koz) |
1,997 |
2,570 |
2,189 |
2,074 |
1,626 |
1,626 |
1,997 |
||
|
|
|
|
|
|
|
|
|
|
|
|
(1) Shown on a 100% basis. BHP interest in saleable production is 57.5%.
|
Pampa Norte, Chile |
|
|
|
|
|
|
|
|
||
|
Cerro Colorado |
|
|
|
|
|
|
|
|
||
|
Material mined |
(kt) |
18,488 |
19,875 |
15,561 |
13,534 |
15,071 |
15,071 |
18,488 |
||
|
Ore milled |
(kt) |
4,802 |
5,069 |
4,277 |
4,740 |
3,995 |
3,995 |
4,802 |
||
|
Average copper grade |
(%) |
0.53% |
0.62% |
0.63% |
0.64% |
0.54% |
0.54% |
0.53% |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Production |
|
|
|
|
|
|
|
|
||
|
Copper cathode (EW) |
(kt) |
14.2 |
19.4 |
18.2 |
23.4 |
16.4 |
16.4 |
14.2 |
||
|
Sales |
|
|
|
|
|
|
|
|
||
|
Copper cathode (EW) |
(kt) |
13.8 |
19.0 |
15.5 |
26.8 |
14.5 |
14.5 |
13.8 |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Spence |
|
|
|
|
|
|
|
|
||
|
Material mined |
(kt) |
23,007 |
21,661 |
18,632 |
19,213 |
21,040 |
21,040 |
23,007 |
||
|
Ore milled |
(kt) |
5,642 |
5,428 |
4,376 |
5,224 |
5,635 |
5,635 |
5,642 |
||
|
Average copper grade |
(%) |
1.21% |
1.10% |
1.03% |
1.02% |
0.95% |
0.95% |
1.21% |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Production |
|
|
|
|
|
|
|
|
||
|
Copper cathode (EW) |
(kt) |
29.2 |
42.4 |
49.0 |
50.7 |
47.5 |
47.5 |
29.2 |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales |
|
|
|
|
|
|
|
|
||
|
Copper cathode (EW) |
(kt) |
29.7 |
39.1 |
46.1 |
55.0 |
46.7 |
46.7 |
29.7 |
||
14
Production and sales report
|
|
|
Quarter ended |
Year to date |
|||||||
|
|
|
|
|
|||||||
|
|
|
Sep 2018 |
Dec 2018 |
Mar 2019 |
Jun 2019 |
Sep 2019 |
Sep 2019 |
Sep 2018 |
||
|
|
|
|
|
|
|
|
|
|
||
|
Copper (continued) |
|
|
|
|
|
|
|
|
||
|
Metals production is payable metal unless otherwise stated. |
|
|
||||||||
|
Antamina, Peru |
|
|
|
|
|
|
|
|
||
|
Material mined (100%) |
(kt) |
62,470 |
62,850 |
57,900 |
58,994 |
59,299 |
59,299 |
62,470 |
||
|
Sulphide ore milled (100%) |
(kt) |
13,197 |
12,912 |
11,466 |
12,864 |
13,121 |
13,121 |
13,197 |
||
|
Average head grades |
|
|
|
|
|
|
|
|
||
|
- Copper |
(%) |
0.96% |
1.02% |
1.04% |
1.02% |
0.99% |
0.99% |
0.96% |
||
|
- Zinc |
(%) |
1.10% |
0.85% |
0.87% |
0.86% |
0.80% |
0.80% |
1.10% |
||
|
Production |
|
|
|
|
|
|
|
|
||
|
Payable copper |
(kt) |
37.0 |
38.3 |
34.5 |
37.4 |
37.6 |
37.6 |
37.0 |
||
|
Payable zinc |
(t) |
30,558 |
24,237 |
20,848 |
22,469 |
20,454 |
20,454 |
30,558 |
||
|
Payable silver |
(troy koz) |
1,309 |
1,178 |
1,062 |
1,209 |
1,101 |
1,101 |
1,309 |
||
|
Payable lead |
(t) |
563 |
600 |
456 |
770 |
405 |
405 |
563 |
||
|
Payable molybdenum |
(t) |
464 |
417 |
82 |
178 |
405 |
405 |
464 |
||
|
Sales |
|
|
|
|
|
|
|
|
||
|
Payable copper |
(kt) |
33.6 |
40.7 |
33.3 |
36.0 |
33.1 |
33.1 |
33.6 |
||
|
Payable zinc |
(t) |
31,822 |
26,072 |
20,595 |
21,750 |
20,196 |
20,196 |
31,822 |
||
|
Payable silver |
(troy koz) |
1,193 |
1,236 |
1,027 |
937 |
954 |
954 |
1,193 |
||
|
Payable lead |
(t) |
612 |
649 |
749 |
296 |
844 |
844 |
612 |
||
|
Payable molybdenum |
(t) |
208 |
535 |
256 |
127 |
173 |
173 |
208 |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Olympic Dam, Australia |
|
|
|
|
|
|
|
|
||
|
Material mined (1) |
(kt) |
2,044 |
2,434 |
2,191 |
2,425 |
2,477 |
2,477 |
2,044 |
||
|
Ore milled |
(kt) |
1,242 |
2,157 |
2,371 |
2,195 |
2,200 |
2,200 |
1,242 |
||
|
Average copper grade |
(%) |
2.05% |
2.10% |
2.22% |
2.30% |
2.31% |
2.31% |
2.05% |
||
|
Average uranium grade |
(kg/t) |
0.62 |
0.62 |
0.65 |
0.65 |
0.65 |
0.65 |
0.62 |
||
|
Production |
|
|
|
|
|
|
|
|
||
|
Copper cathode (ER and EW) |
(kt) |
33.3 |
31.6 |
50.2 |
45.2 |
35.1 |
35.1 |
33.3 |
||
|
Payable uranium |
(t) |
555 |
929 |
1,106 |
975 |
937 |
937 |
555 |
||
|
Refined gold |
(troy oz) |
23,471 |
17,856 |
28,609 |
37,032 |
43,205 |
43,205 |
23,471 |
||
|
Refined silver |
(troy koz) |
213 |
212 |
230 |
268 |
245 |
245 |
213 |
||
|
Sales |
|
|
|
|
|
|
|
|
||
|
Copper cathode (ER and EW) |
(kt) |
33.9 |
26.6 |
47.4 |
50.5 |
32.1 |
32.1 |
33.9 |
||
|
Payable uranium |
(t) |
765 |
828 |
550 |
1,427 |
778 |
778 |
765 |
||
|
Refined gold |
(troy oz) |
21,145 |
17,812 |
27,574 |
36,133 |
40,073 |
40,073 |
21,145 |
||
|
Refined silver |
(troy koz) |
216 |
177 |
241 |
257 |
250 |
250 |
216 |
||
(1) Material mined refers to run of mine ore mined and hoisted.
15
Production and sales report
|
|
|
Quarter ended |
Year to date |
|||||
|
|
|
|
|
|||||
|
|
|
Sep 2018 |
Dec 2018 |
Mar 2019 |
Jun 2019 |
Sep 2019 |
Sep 2019 |
Sep 2018 |
|
|
|
|
|
|
|
|
|
|
|
Iron Ore |
|
|
|
|
|
|
|
|
|
Iron ore production and sales are reported on a wet tonnes basis. |
|
|
|
|
|
|
||
|
Pilbara, Australia |
|
|
|
|
|
|
|
|
|
Production |
|
|
|
|
|
|
|
|
|
Newman |
(kt) |
16,378 |
17,578 |
15,608 |
17,058 |
16,316 |
16,316 |
16,378 |
|
Area C Joint Venture |
(kt) |
11,696 |
10,280 |
11,627 |
13,837 |
12,620 |
12,620 |
11,696 |
|
Yandi Joint Venture |
(kt) |
16,870 |
15,627 |
15,214 |
17,486 |
17,827 |
17,827 |
16,870 |
|
Jimblebar (1) |
(kt) |
16,353 |
14,326 |
13,658 |
14,209 |
14,239 |
14,239 |
16,353 |
|
Wheelarra |
(kt) |
114 |
30 |
10 |
5 |
3 |
3 |
114 |
|
|
|
|
|
|
|
|
|
|
|
Total production |
(kt) |
61,411 |
57,841 |
56,117 |
62,595 |
61,005 |
61,005 |
61,411 |
|
|
|
|
|
|
|
|
|
|
|
Total production (100%) |
(kt) |
69,342 |
65,515 |
63,609 |
71,133 |
69,257 |
69,257 |
69,342 |
|
|
|
|
|
|
|
|
|
|
|
Sales |
|
|
|
|
|
|
|
|
|
Lump |
(kt) |
15,014 |
14,020 |
13,603 |
15,568 |
14,785 |
14,785 |
15,014 |
|
Fines |
(kt) |
46,527 |
44,059 |
41,981 |
48,064 |
45,509 |
45,509 |
46,527 |
|
|
|
|
|
|
|
|
|
|
|
Total |
(kt) |
61,541 |
58,079 |
55,584 |
63,632 |
60,294 |
60,294 |
61,541 |
|
|
|
|
|
|
|
|
|
|
|
Total sales (100%) |
(kt) |
69,421 |
65,758 |
62,853 |
72,173 |
68,291 |
68,291 |
69,421 |
|
|
|
|
|
|
|
|
|
|
(1) Shown on a 100% basis. BHP interest in saleable production is 85%.
|
Samarco, Brazil (1) |
|
|
|
|
|
|
|
|
|
Production |
(kt) |
- |
- |
- |
- |
- |
- |
- |
|
Sales |
(kt) |
- |
10 |
- |
- |
- |
- |
- |
(1) Mining and processing operations remain suspended following the failure of the Fundão tailings dam and Santarém water dam on 5 November 2015.
16
Production and sales report
|
|
|
Quarter ended |
Year to date |
|||||
|
|
|
|
|
|||||
|
|
|
Sep 2018 |
Dec 2018 |
Mar 2019 |
Jun 2019 |
Sep 2019 |
Sep 2019 |
Sep 2018 |
|
|
|
|
|
|
|
|
|
|
|
Coal |
|
|
|
|
|
|
|
|
|
Coal production is reported on the basis of saleable product.
|
|
|
|
|
|
|||
|
Queensland Coal |
|
|
|
|
|
|
|
|
|
Production (1) |
|
|
|
|
|
|
|
|
|
BMA |
|
|
|
|
|
|
|
|
|
Blackwater |
(kt) |
1,704 |
1,680 |
1,484 |
1,735 |
1,045 |
1,045 |
1,704 |
|
Goonyella |
(kt) |
1,989 |
1,813 |
2,141 |
2,620 |
1,489 |
1,489 |
1,989 |
|
Peak Downs |
(kt) |
1,131 |
1,685 |
1,468 |
1,649 |
1,423 |
1,423 |
1,131 |
|
Saraji |
(kt) |
1,111 |
1,288 |
1,250 |
1,243 |
1,214 |
1,214 |
1,111 |
|
Daunia |
(kt) |
620 |
419 |
470 |
669 |
556 |
556 |
620 |
|
Caval Ridge |
(kt) |
1,189 |
809 |
795 |
1,174 |
1,178 |
1,178 |
1,189 |
|
|
|
|
|
|
|
|
|
|
|
Total BMA |
(kt) |
7,744 |
7,694 |
7,608 |
9,090 |
6,905 |
6,905 |
7,744 |
|
|
|
|
|
|
|
|
|
|
|
Total BMA (100%) |
(kt) |
15,488 |
15,388 |
15,216 |
18,180 |
13,810 |
13,810 |
15,488 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BHP Mitsui Coal (2) |
|
|
|
|
|
|
|
|
|
South Walker Creek |
(kt) |
1,505 |
1,636 |
1,429 |
1,624 |
1,378 |
1,378 |
1,505 |
|
Poitrel |
(kt) |
1,109 |
942 |
840 |
1,180 |
1,075 |
1,075 |
1,109 |
|
|
|
|
|
|
|
|
|
|
|
Total BHP Mitsui Coal |
(kt) |
2,614 |
2,578 |
2,269 |
2,804 |
2,453 |
2,453 |
2,614 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Queensland Coal |
(kt) |
10,358 |
10,272 |
9,877 |
11,894 |
9,358 |
9,358 |
10,358 |
|
|
|
|
|
|
|
|
|
|
|
Total Queensland Coal (100%) |
(kt) |
18,102 |
17,966 |
17,485 |
20,984 |
16,263 |
16,263 |
18,102 |
|
|
|
|
|
|
|
|
|
|
|
Sales |
|
|
|
|
|
|
|
|
|
Coking coal |
(kt) |
7,356 |
7,514 |
7,221 |
7,932 |
7,299 |
7,299 |
7,356 |
|
Weak coking coal |
(kt) |
2,813 |
3,058 |
3,282 |
2,942 |
2,466 |
2,466 |
2,813 |
|
Thermal coal |
(kt) |
141 |
157 |
379 |
350 |
94 |
94 |
141 |
|
|
|
|
|
|
|
|
|
|
|
Total |
(kt) |
10,310 |
10,729 |
10,882 |
11,224 |
9,859 |
9,859 |
10,310 |
|
|
|
|
|
|
|
|
|
|
|
Total (100%) |
(kt) |
18,102 |
18,818 |
19,176 |
19,789 |
17,145 |
17,145 |
18,102 |
|
|
|
|
|
|
|
|
|
|
(1) Production figures include some thermal coal.
(2) Shown on a 100% basis. BHP interest in saleable production is 80%.
|
NSW Energy Coal, Australia |
|
|
|
|
|
|
|
|
|
Production |
(kt) |
3,982 |
4,311 |
4,552 |
5,412 |
3,592 |
3,592 |
3,982 |
|
Sales |
|
|
|
|
|
|
|
|
|
Export thermal coal |
(kt) |
3,549 |
4,809 |
3,529 |
5,181 |
3,075 |
3,075 |
3,549 |
|
Inland thermal coal |
(kt) |
332 |
393 |
302 |
975 |
567 |
567 |
332 |
|
|
|
|
|
|
|
|
|
|
|
Total |
(kt) |
3,881 |
5,202 |
3,831 |
6,156 |
3,642 |
3,642 |
3,881 |
|
|
|
|
|
|
|
|
|
|
|
Cerrejón, Colombia |
|
|
|
|
|
|
|
|
|
Production |
(kt) |
2,658 |
2,356 |
2,199 |
2,017 |
2,055 |
2,055 |
2,658 |
|
Sales thermal coal - export |
(kt) |
2,589 |
2,297 |
2,200 |
2,245 |
2,069 |
2,069 |
2,589 |
17
Production and sales report
|
|
|
Quarter ended |
Year to date |
||||||||
|
|
|
|
|
||||||||
|
|
|
Sep 2018 |
Dec 2018 |
Mar 2019 |
Jun 2019 |
Sep 2019 |
Sep 2019 |
Sep 2018 |
|||
|
|
|
|
|
|
|
|
|
|
|||
|
Other |
|
|
|
|
|
|
|
|
|||
|
Nickel production is reported on the basis of saleable product
|
|
||||||||||
|
Nickel West, Australia |
|
|
|
|
|
|
|
|
|||
|
Mt Keith |
|
|
|
|
|
|
|
|
|||
|
Nickel concentrate |
(kt) |
50.2 |
44.9 |
52.5 |
52.8 |
43.7 |
43.7 |
50.2 |
|||
|
Average nickel grade |
(%) |
18.9 |
19.8 |
19.2 |
19.5 |
18.3 |
18.3 |
18.9 |
|||
|
Leinster |
|
|
|
|
|
|
|
|
|||
|
Nickel concentrate |
(kt) |
78.8 |
65.3 |
51.8 |
48.3 |
67.2 |
67.2 |
78.8 |
|||
|
Average nickel grade |
(%) |
8.4 |
8.4 |
9.3 |
10.8 |
10.0 |
10.0 |
8.4 |
|||
|
Saleable production |
|
|
|
|
|
|
|
|
|||
|
Refined nickel (1) (2) |
(kt) |
19.8 |
16.3 |
17.6 |
19.9 |
17.4 |
17.4 |
19.8 |
|||
|
Intermediates and nickel by-products (1) (3) |
(kt) |
1.6 |
1.8 |
1.6 |
8.8 |
4.2 |
4.2 |
1.6 |
|||
|
|
|
|
|
|
|
|
|
|
|||
|
Total nickel (1) |
(kt) |
21.4 |
18.1 |
19.2 |
28.7 |
21.6 |
21.6 |
21.4 |
|||
|
|
|
|
|
|
|
|
|
|
|||
|
Cobalt by-products |
(t) |
249 |
154 |
194 |
302 |
211 |
211 |
249 |
|||
|
Sales |
|
|
|
|
|
|
|
|
|||
|
Refined nickel (1) (2) |
(kt) |
19.3 |
17.3 |
17.9 |
19.9 |
17.0 |
17.0 |
19.3 |
|||
|
Intermediates and nickel by-products (1) (3) |
(kt) |
2.2 |
2.1 |
0.1 |
8.4 |
5.7 |
5.7 |
2.2 |
|||
|
|
|
|
|
|
|
|
|
|
|||
|
Total nickel (1) |
(kt) |
21.5 |
19.4 |
18.0 |
28.3 |
22.7 |
22.7 |
21.5 |
|||
|
|
|
|
|
|
|
|
|
|
|||
|
Cobalt by-products |
(t) |
249 |
154 |
194 |
302 |
212 |
212 |
249 |
|||
|
|
|
|
|
|
|
|
|
|
|||
(1) Production and sales restated to include other nickel by-products.
(2) High quality refined nickel metal, including briquettes and powder.
(3) Nickel contained in matte and by-product streams.
18
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