BHP reports weaker-than-expected iron ore production on COVID curbs


BHP Chief Executive Mike Henry said market volatility and inflationary pressures have increased further due to the Ukraine crisis.

BHP Group BHP.AX on Thursday fell short of estimates for iron ore production for the March quarter, as a pandemic-related labour crunch weighed on the miner's efforts to boost production in the mineral-rich Pilbara region of Western Australia.

The world's largest listed miner warned June-quarter production of the steel-making commodity is also expected to be impacted by lingering worker absenteeism, but said it remained on track to meet fiscal 2022 costs and volume forecast.

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