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BRIEF-BHP Billiton says qtrly iron ore production 58 mt

Published 19/10/2016, 08:34 am
BRIEF-BHP Billiton says qtrly iron ore production 58 mt
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Oct 19 (Reuters) - Bhp Billiton (LON:BLT) Ltd BHP.AX

* qtrly iron ore production 58 mt versus 61 mt a year ago

* qtrly copper production 355 kt versus 377 kt a year ago

* qtrly petroleum production 55 mmboe versus 65 mmboe a year ago

* All production and unit cost guidance remains unchanged for 2017 financial year

* Guidance for olympic dam is under review

* All four major projects under development are tracking to plan

* fundamentals suggest both oil and gas markets will improve over next 12 to 18 months.

* petroleum capital expenditure of approximately us$1.4 billion is planned in 2017 financial year

* Olympic dam copper production for september 2016 quarter decreased by 26 per cent to 41 kt

* mining and processing operations at samarco remain suspended

* Olympic dam operations are in process of recommencing and expected to be fully ramped-up in december 2016 quarter

* continue to expect supply for iron ore and metallurgical coal prices to grow more quickly than demand in near term Source text for Eikon: ID:nASXbGK7wc Further company coverage: BHP.AX

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