BHP Group reports Q1 iron ore output 61MT, down 1% from last year
Reports Q1 petroleum output 29MMBOE, down 11% from last year. Reports Q1 copper production 430 kt, up 5% from last year. Reports Q1 Metallurgical coal production 9 MT, down 10% from last year. CEO Andrew Mackenzie says: "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 projectis 50per centcomplete, withall our major projects onscheduleand budget. We achieved further encouraging exploration results in Petroleum and at the Oak Dam copper prospect."