Jimblebar iron ore mine
Production at Jimblebar exceeded its nameplate capacity of 65 Mtpa, reaching 67.3Mt in 2020. With Jimblebar fully ramped up, BHP, as a whole, is now operating at its target production rate of 285-290 Mtpa. C1 cash costs at Jimblebar are expected to increase in 2021 due to higher fuel prices and a stronger exchange rate. Total cash costs will also be negatively impacted by significantly higher royalty payments as iron ore prices reached an all time high during the period. Jimblebar is already BHP's most efficient mine having the company's first autonomous haul fleet. Further gains are expected as new technology, such as selective investment in debottlenecking and capacity creep, continues to have a positive impact on productivity and efficiency in the mining industry.