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BRIEF-Bhp Billiton cuts full-year copper forecast, narrows Iron ore guidance

Published 26/04/2017, 08:51 am
© Reuters.  BRIEF-Bhp Billiton cuts full-year copper forecast, narrows Iron ore guidance
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April 26 (Reuters) - Bhp Billiton (LON:BLT) Ltd BHP.AX

* Full year production guidance maintained for petroleum and energy coal

* Total petroleum production for nine months ended March 2017 decreased by 15 per cent to 156.5 MMBOE

* Total copper production for nine months ended March 2017 decreased by 20 per cent to 939 kt

* WAIO production guidance narrowed to between 268 and 272 MT (100% basis)

* Total iron ore production for nine months ended march 2017 increased by three per cent to a record 171 MT

* Copper guidance for 2017 financial year has been reduced to between 1,330 and 1,360 KT following 44 days of industrial action at escondida

* Petroleum exploration expenditure guidance of us$820 million remains unchanged for 2017 financial year

* Iron ore guidance for 2017 financial year has been narrowed to between 231 and 234 mt, or between 268 and 272 MT on a 100 per cent basis

* Commissioning of escondida water supply project and planned ramp-up of los colorados extension project are now expected in september 2017 quarter.

* Operations are expected to return to full capacity in escondida during APRIL 2017, with a focus on safety during transition period

* Due to damage to third party rail infrastructure caused by cyclone debbie, metallurgical coal production guidance reduced to between 39 and 41 mt in FY

* Eescondida copper production of between 780 and 800 kt is now expected for 2017 financial year

* Energy coal production for nine months ended March 2017 remained broadly in line at 21 MT

* Energy coal guidance for 2017 financial year remains unchanged at 30 MT Source text for Eikon: ID:nASXM1DQZ Further company coverage: BHP.AX

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