Australian mining company BHP Billiton has announced its financial results for the first half ended on December 31 of the financial year 2015-16.
Accordingly, BHP Billiton has posted a net loss of $5.6 billion for the first half of the financial year 2015-16, compared to a net profit of $4.26 billion in the corresponding period of the previous financial year, while the company's revenue decreased by 37 percent year on year to $15.7 billion.
BHP Billiton's Western Australia iron ore production increased by six percent to 131 million mt in the first half of the financial year, underpinned by the Jimblebar mining hub operating at full capacity and improved ore handling plant utilization at Newman mine. Total iron ore production for the whole financial year of 237 million mt is expected, four percent lower than prior guidance. Revision of the total iron ore guidance reflects the suspension of operations at Samarco.