The company expects iron ore shipments to be in the range of 178-182 million tonnes for the financial year, up from a prior range of 175-180 million tonnes.
It has partnered with German steel group SHS-Stahl-Holding-Saar and engineering group Paul Wurth for potential industrial scale low-carbon iron production in Canada.
The world's no. 1 miner rewarded investors with a record $5.1bn first-half dividend and forecasted a “very constructive” outlook for the commodities market fundamentals.