June 21 (Reuters) - BHP Billiton (LON:BLT) Ltd BHP.AX :
* Update on BHP Billiton's coal business
* Coal business is targeting another US$600 mln productivity gain by the end of 2017 financial year
* Even in difficult environment, all operations remain cash positive
* Confident base demand in emerging economies will remain resilient
* Higher quality coals position well in increasingly carbon constrained world
* "Longer-term coal market outlook remains positive"
* Energy coal markets are expected to remain oversupplied in near term
* Further 16% reduction in absolute costs anticipated by FY 2017
* Expect to deliver a 5 MT (8%) increase in volumes from FY 2015 to FY 2018
* "Recovery in FY 2017 EBITDA margins despite lower expected prices"
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