BHP GROUP PLC Operational Review for the quarter ended 30 September 2020 - SENS
Operational Review for the quarter ended 30 September 2020
BHP Group PlcRegistration number 3196209Registered in England and WalesShare code: BHPISIN: GB00BH0P3Z91
NEWS RELEASE LOGO
Release Time IMMEDIATE
Date 20 October 2020
Release Number 19/20
BHP OPERATIONAL REVIEWFOR THE QUARTER ENDED 30 SEPTEMBER 2020
Note: All guidance is subject to further potential impacts from COVID-19 duringthe 2021 financial year.
. We continue to safely operate through the COVID-19 pandemic and deliverstrong outcomes.
. Group copper equivalent production increased by 2% in the September 2020quarter following strong performances in metallurgical coal and iron ore,with record production achieved at Jimblebar.
. All production and unit cost guidance (based on exchange rates of AUD/USD0.70 and USD/CLP 769) remains unchanged for the 2021 financial year, exceptfor Cerrejon production guidance which is under review due to an ongoingstrike.
. Our major projects under development in petroleum, copper and iron ore aretracking well. Atlantis Phase 3 achieved first production in July 2020,ahead of schedule and on budget. First production from the Spence GrowthOption is expected between December 2020 and March 2021. The Jansen Stage 1project remains on track for final investment decision in the middle of the2021 calendar year. As a result of COVID-19 delays and the earlierchallenges encountered on lining the shafts, we have appr....