BHP achieves annual production records across operations
Mining conglomerate BHP (ASX:BHP) has achieved annual production records at Western Australia iron ore (WAIO), Spence and Olympic Dam for the 2023 financial year. For the year, WAIO produced 285Mt of iron ore, the Spence mine in Chile produced 240,000t of copper and Olympic Dam produced 212,000t of copper and 186,000oz of refined gold. As a result, full-year production guidance was achieved for copper, iron ore, metallurgical coal and energy coal, while nickel achieved revised guidance and finished in line within the lower end of the original guidance. Chief executive Mike Henry credited the strong year to the company’s fourth quarter. “BHP finished the year with a strong fourth quarter, increasing annual production across the board and achieving annual records…