April 23, 2018 - 7:40 AM EDT
Print Email Article Font Down Font Up Charts


Wired News – BHP Production Guidance for Petroleum, Metallurgical Coal, and Energy Coal on Track for FY18; Iron Ore Production Guidance Lowered

Stock Monitor: Cleveland-Cliffs Post Earnings Reporting

LONDON, UK / ACCESSWIRE / April 23, 2018 / Active-Investors.com has just released a free research report on BHP Billiton Ltd (NYSE: BHP). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BHP as the Company's latest news hit the wire. On April 19, 2018, the Company provided the operational performance review for the nine-month period ended on March 31, 2017. Additionally, the Company disclosed that the full year production guidance for Petroleum, Metallurgical Coal, and Energy Coal remained unchanged. However, the production guidance for iron ore for fiscal 2018 dropped despite of record iron ore production. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Cleveland-Cliffs Inc. (NYSE: CLF), which also belongs to the Basic Materials sector as the Company BHP Billiton. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=CLF

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, BHP Billiton most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=BHP

Commenting on the matter, Andrew Mackenzie, CEO of BHP, stated:

"BHP remains on track to achieve six per cent volume growth for the 2018 financial year. Strong performance in copper was underpinned by the Los Colorados Extension project at Escondida and higher utilization rates at Pampa Norte. This more than offset the slower than expected ramp-up of Olympic Dam during the quarter following planned smelter maintenance. Incremental improvements across our operations from debottlenecking and increased throughput delivered record production in iron ore. Our exit from Onshore US is progressing to plan with bids expected by June 2018."

Production of iron ore - Performance review and Guidance

The Company's total iron ore production for the nine-month period ending on March 31, 2018, was 175 Mt, or 203 Mt on a 100% basis. This reflects an increase of 2% during this period. The Company has reduced the production guidance for iron ore for FY18 between 236 Mt to 238 Mt, or 272 Mt to 274 Mt on a 100% basis. The reason for the lower guidance is due to the unplanned maintenance of dumper cars and the impact of Cyclone Joyce. A car dumper is a machine that is used for unloading bulk cargoes from rail road cars.

The Company had a record production at its Jimblebar and Mining Area C facilities and was supported by improved rail reliability and an increase in peak performance in the number of rakes per day. However, this was offset by the loss in production due to the Mt Whaleback fire in June 2017 as well as the planned maintenance and port debottlenecking activities undertaken by the Company in H1 2018. The Company has identified that the system constraint is at the port and has started taking steps to improve car dumper availability and performance.

The Company shared that it has received regulatory approval to increase production capacity at its Port Hedland facility to 290 Mtpa on a 100% basis. The Company expects to reach these production levels by end of financial year 2019. The Company further updated that the mining and processing operations at its Samarco site continue to remain suspended after the mine collapse in November 2015 due to the failure of the Fundão tailings dam and Santarém water dam.

Guidance for other resources

The Company has disclosed that the full-year guidance for Petroleum, Metallurgical Coal and Energy Coal remains unchanged. This means production of petroleum between 180 million - 190 million barrels, metallurgical coal between 41 million tons - 43 million tons, and energy coal between 29 million tons - 30 million tons.

The Company has narrowed the production guidance for copper for the full year 2018 to between 1,700 kt - 1,785 kt from the earlier set guidance of between 1,655 kt - 1,790 kt. The Company's total copper production for the nine months period ended on March 31, 2018, saw an increase of 37% to 1,290 kt. The higher production was due to the increases production at the Escondida facility which saw an increase of 64% in production of copper at 897 kt due to the start of the Los Colorados Extension project in September 2017. The Company's Pampa Norte facility also saw an increase in copper production by 6% to 193 kt. The increase in production was due to the record production at Spence facility due to higher utilization of the solvent extraction and electrowinning plants.

However, at the Olympic Dam site, the Company recorded a reduction in copper production by 18% to 95 kt. The lower copper production was due to the planned major smelter maintenance campaign in H1 2018. The Company has lowered the production guidance from this facility from 150 kt to approximately 135 kt due to a slower than planned ramp-up during the March 2018 quarter.

About BHP Billiton Ltd

Melbourne, Australia-based BHP Billiton Limited is a subsidiary of BHP Billiton Group. BHP is the world's leading resources Company that extracts and processes minerals, oil and gas and sells its products worldwide. The Company is one of the world's top producers of major commodities, including iron ore, metallurgical coal and copper. The Company also has substantial interests in oil, gas, and energy coal. The Company has sales and marketing offices in Singapore and Houston, Texas, US.

Stock Performance Snapshot

April 20, 2018 - At Friday's closing bell, BHP Billiton's stock marginally fell 0.10%, ending the trading session at $47.70.

Volume traded for the day: 2.63 million shares.

Stock performance in the last month – up 4.10%; previous six-month period – up 14.94%; past twelve-month period – up 32.54%; and year-to-date - up 3.72%

After last Friday's close, BHP Billiton's market cap was at $126.95 billion.

Price to Earnings (P/E) ratio was at 19.49.

The stock has a dividend yield of 4.61%.

The stock is part of the Basic Materials sector, categorized under the Industrial Metals & Minerals industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors


Source: ACCESSWIRE Investor Awareness (April 23, 2018 - 7:40 AM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice