This event is now full. Any further registrants will be placed on a wait list, in case any places become available.
BHP is one of the world’s largest resources companies. The meeting will be hosted by BHP Chairman, Ken Mackenzie and will take the form of a presentation followed by Q&A and afternoon tea. THE RECENT BHP OPERATIONAL REVIEW FOR THE NINE MONTHS ENDED 31 MARCH 2019 SAID:
– Production guidance for the 2019 financial year remains unchanged for petroleum, copper, metallurgical coal and energy coal. Iron ore production guidance decreased to between 265 and 270 Mt (100% basis), reflecting impacts of Tropical Cyclone Veronica.
– Group copper equivalent production was broadly unchanged over the nine months ended March 2019, with volumes for the full year also expected to be in line with last year.
– Full year unit costs for Petroleum, Escondida and Queensland Coal are expected to be in line with guidance. Unit costs for Western Australia Iron Ore are now expected to be below US$15 per tonne, reflecting impacts of Tropical Cyclone Veronica. Unit costs for New South Wales Energy Coal are now expected to be approximately US$51 per tonne, following changes to the mine plan.
– All major projects under development are tracking to plan.
– In Petroleum, the Atlantis Phase 3 project in the US Gulf of Mexico was approved and the Bélé-1 exploration well in Trinidad and Tobago encountered hydrocarbons (drilling still in progress) during the quarter
BHP Chief Executive Officer, Andrew Mackenzie, said: “During the March 2019 quarter, we had a strong operational performance despite weather impacts across Australia and Chile. We approved Atlantis Phase 3 and now have five major projects under development. Those projects, our work on transformation, technology and culture, and our successful petroleum and copper exploration and appraisal programs will grow value and returns for years to come.”
Agenda:
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