BHP Reports 2% Increase in Q3 Iron Ore Output
Reports Q3 iron ore output at 62.8Mt, up 2% from last year. Reports Q3 energy coal output of 4.0Mt, up 12% from last year. Keeps FY26 Iron Ore guidance unchanged at 258-269 Mt. Sees FY26 energy coal output in "upper half" of 14-16 Mt prior target range. CEO Mike Henry states: "BHP has delivered strong performance over the past nine months, including record material mined and concentrator throughput at Escondida and record production at WAIO. These results reflect the consistency of our operations and the strength of our high-margin diversified portfolio in an evolving operating environment. In copper, strong performance at Escondida and Antamina supports our expectation of delivering production in the upper half of 2026 BHP Group copper guidance. We continue to make steady progress across our copper growth program, consistent with our focus on long-life, high-quality copper supply and disciplined capital allocation. Our centralized procurement capability and our low-cost operations have positioned us advantageously in the face of industry-wide pressure on the cost of energy and consumables as a result of the conflict in the Middle East."
