Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

BHP says beats fiscal 2015 iron ore guidance, eyes 7 pct growth

Published 22/07/2015, 08:46 am
© Reuters.  BHP says beats fiscal 2015 iron ore guidance, eyes 7 pct growth
BHP
-
BHPB
-

SYDNEY, July 22 (Reuters) - Mining giant BHP Billiton BHP.AX BLT.L beat its own production guidance for iron ore in fiscal 2015 and said it was on track for additional growth in the current year.

Output at its Western Australia mines increased by 13 percent to a record 254 million tonnes in the year ended June 30 versus previous guidance of 250 million tonnes, the company said on Wednesday.

"Better productivity will be the sole source of volume growth at Western Australia Iron Ore in the 2016 financial year with production forecast to increase by 7 percent and unit costs are expected to fall to US$16 per tonne," Chief Executive Andrew Mackenzie said in releasing the latest company production report.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.