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BHP delivers a record, and a warning – The Australian Financial Review

BHP’s record June quarter iron ore production is a great result for investors and the nation’s tax coffers. But there’s a caveat on the group’s outlook: China.

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Thats just not Mike Henrys approach. Even before he officially took the top job on January 1, he made it clear his mantra would be continuous improvement eternally hunting those small, repeatable gains that deliver slightly better results.
Besides, the idea that you could suddenly push for higher production in the midst of disruptions caused by COVID-19 just doesnt ring true.
The size of the challenge BHP has faced from the virus is underscored by the fact it will take a one-off charge of betw…

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