SMM7 March 23: recently, BHP Billiton released its second quarter results, BHP Billiton CEO Mike Henry said, "BHP Billiton safely delivered strong operating results in fiscal year 2020, reached record production in many of our operations and improved its cost base. This achievement in the face of COVID-19 and other challenges is the result of the outstanding efforts of our employees and the support of the community, government, customers and suppliers. We are trying to use the pandemic to support those who rely on BHP Billiton, increase their recruitment, shorten payment terms for small, local and local suppliers, support contractors, and provide community funding for health and social services.
Our diversified portfolio and high-quality assets, coupled with a strong balance sheet, enable us to cope with continued uncertainty in commodity markets. We expect to continue to generate considerable cash flow throughout the cycle, and we are confident about the medium-and long-term product demand prospects. We will continue to work to become safer, provide excellent operational performance, maintain a standardized allocation of capital, create and ensure more choices and build social value in the goods we face in the future. We have learned new ways of working internally and collaborating with others through the COVID-19 pandemic. We will seek to embed these priorities in a way that helps to strengthen them. "
Production guidance:
In terms of nickel, nickel production in the second quarter was 24 kt, an increase of 14% month-on-month. Nickel West nickel production fell 8% to 80 kt, in fiscal year 2020 due to major four-year maintenance closures at the Kwinana refinery and Kalgoorlie smelter, as well as the mineral processing plant's planned routine maintenance in December 2019. The operation returned to full capacity in the first quarter of 2020 and reached full capacity in the second quarter of 2020. The major planned maintenance work and the transition to the new mine have now been completed, and total nickel production in fiscal year 2021 is expected to increase to 85 kt 95.
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