BHP says it has seen no material impact from trade tensions

By Reuters / October 17, 2018 / www.mining.com / Article Link

Oct 17 (Reuters) - BHP has not seen a material impact from current global trade tensions on its business but remains cautious in the near term, the world's biggest miner said on Wednesday.

"We closely monitor the external environment, in particular the market volatility triggered by current global trade tensions. Though we have not seen a material impact on our business, we remain cautious in the near term," Chairman Ken MacKenzie said in prepared remarks released ahead of the company's annual general meeting in London.

BHP reported an 8 percent rise in first-quarter iron ore production on strong Chinese demand for high-grade ore but cut its fiscal 2019 guidance for copper production citing outages.

Click here for more information

(By Muvija M and Arathy S Nair; Editing by Jason Neely)

Recent News

Major metals not gaining much on China stimulus announcements

December 16, 2024 / www.canadianminingreport.com

Spectre of stagflation looms over base metals

December 16, 2024 / www.canadianminingreport.com

TSXV large gold gains overall, but a mixed story underneath

December 09, 2024 / www.canadianminingreport.com

Large cap gold underperforms juniors

December 09, 2024 / www.canadianminingreport.com

Swings in geopolitical risk premium a major recent gold driver

December 02, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok