Pandemic and weather disruptions ensured there was virtually no volume growth across BHP’s Australian operations last year and the year ahead will be soft.
Production volumes at BHP’s flagship Australian iron ore and coking coal divisions will be soft in the 12 months ahead after a challenging year where pandemic and weather disruptions ensured there was virtually no volume growth at any Australian operations.
Analyst consensus measured by Visible Alpha had expected BHP to be shipping 292 million tonnes in the year ahead, with UBS expecting BHP to sell between 285 million and 295 million tonnes while Barrenjoey had forecast 288 million tonnes for the 2023 financial year.Advertisement
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