Good and not-so-good news for BHP in the Pilbara

BHP has received a critical approval to allow it to grow its Pilbara iron ore production while revealing that its South Flank development is set to cost more than first thought.

Good and not-so-good news for BHP in the Pilbara Good and not-so-good news for BHP in the Pilbara Good and not-so-good news for BHP in the Pilbara Good and not-so-good news for BHP in the Pilbara Good and not-so-good news for BHP in the Pilbara

Despite some community concerns around dust, BHP received the approval to increase Port Hedland shipping capacity to 290Mtpa on Monday.

BHP said it expected to reach that run-rate by the end of the 2019 financial year, though Mackenzie noted that the company was at 284Mtpa in the December quarter.

Speaking to analysts after the release of the results yesterday, BHP CEO Andrew Mackenzie wasn’t keen to elaborate on the 290Mtpa target.

“This is a system that we continue to work … we've done a great job on rail,” he said.

“We're now very much applying ourselves to the port operations, and trying to do that with a minimum amount of capital.

“Once we get...