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Company BHP Group PLC
TIDM BHP
Headline Operational Review Quarter Ended 30 September 2019
Released 07:00 17-Oct-2019
Number 1510Q07

RNS Number : 1510Q
BHP Group PLC
16 October 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
vs
Sep Q18

Sep Q19
vs
Jun Q19


FY20
guidance

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
vs
Sep Q18

Sep Q19
vs
Jun 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
ownership

Capital expenditure US$M

Initial production target date

Capacity

Progress

Atlantis Phase 3
(US Gulf of Mexico)
44% (non-operator)

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
(Trinidad & Tobago) 68.46% (operator)

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
(US Gulf of Mexico)
23.9% (non-operator)

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
vs
Sep Q18

Sep Q19
vs
Jun 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
ownership

Capital expenditure US$M

Initial production target date

Capacity

Progress

Spence Growth Option
(Chile)
100%

 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
vs
Sep Q18

Sep Q19
vs
Jun 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
ownership

Capital expenditure US$M

Initial production target date

Capacity

Progress

South Flank
(Australia)
85%

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
vs
Sep Q18

Sep Q19
vs
Jun 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
vs
Sep Q18

Sep Q19
vs
Jun 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
ownership

Investment
US$M

Scope

Progress

Jansen Potash
(Canada)
100%

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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Tel: +1 713 235 8902  Mobile: +1 346 234 8483

 

 

 

 

 

 

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9

Production summary

 

 

 

Quarter ended

Year to date

 

 

 

 

 

BHP

Sep

Dec

Mar

Jun

Sep

Sep

Sep

 

interest

2018

2018

2019

2019

2019

2019

2018

 

 

 

 

 

 

 

 

 

 

Petroleum (1)

 

 

 

Petroleum

 

 

Conventional

 

 

Crude oil, condensate and NGL (Mboe)

13,236

13,366

12,507

12,507

Natural gas (bcf)

92.9

97.8

100.4

100.4

 

 

 

 

 

 

 

 

Total (Mboe)

28,719

29,666

29,240

29,240

 

 

 

 

 

 

 

 

Copper (2)

 

 

 

 

Copper

 

 

 

 

Payable metal in concentrate (kt)

 

 

 

 

Escondida (3)

57.5%

205.4

224.1

237.0

237.0

Antamina

33.8%

34.5

37.4

37.6

37.6

 

 

 

 

 

 

 

 

 

Total

 

239.9

261.5

274.6

274.6

 

 

 

 

 

 

 

 

 

Cathode (kt)

 

 

 

 

 

Escondida (3)

57.5%

62.4

63.5

55.9

55.9

Pampa Norte (4)

100%

67.2

74.1

63.9

63.9

Olympic Dam

100%

50.2

45.2

35.1

35.1

 

 

 

 

 

 

 

 

 

Total

 

179.8

182.8

154.9

154.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total copper (kt)

 

419.7

444.3

429.5

429.5

 

 

 

 

 

 

 

 

 

Lead

 

 

 

 

 

Payable metal in concentrate (t)

 

 

 

 

 

Antamina

33.8%

456

770

405

405

 

 

 

 

 

 

 

 

 

Total

 

456

770

405

405

 

 

 

 

 

 

 

 

 

Zinc

 

 

 

 

 

Payable metal in concentrate (t)

 

 

 

 

 

Antamina

33.8%

20,848

22,469

20,454

20,454

 

 

 

 

 

 

 

 

 

Total

 

20,848

22,469

20,454

20,454

 

 

 

 

 

 

 

 

 

Gold

 

 

 

 

 

Payable metal in concentrate (troy oz)

 

 

 

 

Escondida (3)

57.5%

73,998

74,704

48,801

48,801

Olympic Dam (refined gold)

100%

28,609

37,032

43,205

43,205

 

 

 

 

 

 

 

 

 

Total

 

102,607

111,736

92,006

92,006

 

 

 

 

 

 

 

 

 

Silver

 

 

 

 

 

Payable metal in concentrate (troy koz)

 

 

 

 

Escondida (3)

57.5%

2,189

2,074

1,626

1,626

Antamina

33.8%

1,062

1,209

1,101

1,101

Olympic Dam (refined silver)

100%

230

268

245

245

 

 

 

 

 

 

 

 

 

Total

 

3,481

3,551

2,972

2,972

 

 

 

 

 

 

 

 

 

Uranium

 

 

 

 

 

Payable metal in concentrate (t)

 

 

 

 

 

Olympic Dam

100%

1,106

975

937

937

 

 

 

 

 

 

 

 

 

Total

 

1,106

975

937

937

 

 

 

 

 

 

 

 

 

Molybdenum

 

 

 

 

 

Payable metal in concentrate (t)

 

 

 

 

 

Antamina

33.8%

82

178

405

405

 

 

 

 

 

 

 

 

 

Total

 

82

178

405

405

 

 

 

 

 

 

 

 

 

                       

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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