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BHP reports lower iron ore output for quarter, keeps full-year guidance unchanged unlike rival Rio Tinto

BHP reports lower iron ore output for quarter, keeps full-year guidance unchanged unlike rival Rio Tinto

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BHP Group PLC reported lower iron ore production in the quarter to end September, due to planned maintenance work and the impact of temporary rail labour shortage, but kept its full-year guidance unchanged unlike its rival Rio Tinto PLC. Iron ore production for the world’s largest miner fell 4% from the year-earlier quarter to 63.3 million tonnes (Mt), but guidance for the 2022 financial year remained at 249-259Mt.

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