Duncan Simmonds's questions to BHP Group (BHP) leadership • H1 2017
Question
Duncan Simmonds inquired about the next steps for the Trion oil project in Mexico and asked where BHP sees its iron ore C1 costs settling versus its peers.
Answer
CEO Andrew Mackenzie stated that the final documents for Trion were set to be signed, after which the company would staff up and work to improve project economics. Regarding iron ore, he acknowledged a small gap in C1 costs that they are working to close, but stressed that BHP remains the market leader on total delivered cost to China due to shipping efficiencies and price premiums.