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BHP hits iron ore, coal and copper guidance despite coronavirus

Cityam - Mining giant BHP today said that it had hit its guidance for production of iron ore, coal and copper despite the disruption caused by the coronavirus crisis.

However, it warned that so-called second waves of the new disease could hit short-term demand for its commodities, prompting it to broaden the range of its output forecasts for next year.

In the fourth quarter, production of iron ore increased seven per cent to a record 67m tonnes, driven by a rise in demand in China, which has begun to recover from the pandemic.

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