0026 GMT - BHP reported robust 3Q output and, importantly, has been able to find a way to avoid the sharp reduction in Escondida output beyond FY27, says Citi analyst Paul McTaggart. "We don't have details but it includes extending the life of the oldest concentrator beyond FY29," he says in a note. That's "a good outcome for Escondida following the disappointments of the November site visit last year," McTaggart adds. Citi has a buy rating and A$45.00 target on BHP, which is up 0.5% at A$36.24. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
April 16, 2025 20:26 ET (00:26 GMT)
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