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BHP Billiton CEO says sees iron ore price jump as temporary

Published 16/08/2016, 05:04 pm
© Reuters.  BHP Billiton CEO says sees iron ore price jump as temporary
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MELBOURNE, Aug 16 (Reuters) - BHP Billiton BHP.AX BLT.L sees the recent jump in iron ore prices as temporary, driven by stimulus in China and a slower ramp-up in iron ore production from the major miners, Chief Executive Andrew Mackenzie said.

"We continue to believe that prices in iron ore have more risk to the downside than the upside," Mackenzie told reporters on a conference call.

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