BHP Billiton Limited Rising production to offset pricing pressure
Rising production to offset pricing pressure: BHP Billiton Limited (ASX: BHP) has achieved a record production at Western Australia Iron Ore (WAIO) and five Queensland Coal mines in the nine months ended March 31, 2017. The group has reduced its full year copper and metallurgical coal production guidance. Particularly, the copper production guidance has been reduced to be between 1.33 and 1.36 Mt after the 44 days of industrial action at Escondida. The commissioning of the Escondida Water Supply project and the planned ramp-up of the Los Colorados Extension project are now expected in the September 2017 quarter. Further, damage to the third-party rail infrastructure caused by Cyclone Debbie led to the reduction in metallurgical coal production guidance to be between 39 and 41 Mt. On the other hand, the full year production guidance is maintained for petroleum and energy coal.
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