BHP Billiton achieves iron ore production target for FY 2016-17

Wednesday, 19 July 2017 16:03:17 (GMT+3)   |   Istanbul
       

Australian miner BHP Billiton has announced its production results for the financial year 2016-17 ended June 30, achieving an iron ore output of 231 million mt from its Western Australian iron ore operations, rising four percent year on year, reflecting productivity improvements across the supply chain and additional capacity at Jimblebar mine.

Meeting its financial year 2016-17 iron ore production target, BHP Billiton’s Western Australian iron ore production guidance for the next financial year stands at 239-243 million mt.  

In the given financial year, BHP Billiton's metallurgical coal production declined by six percent year on year to 39.77 million mt, as a result of damage caused by Cyclone Debbie to the network infrastructure of rail track provider Aurizon. Mine operations recovered quickly after the cyclone and the force majeure declared for all Queensland Coal products on April 5 was lifted on July 1, 2017. The miner’s metallurgical coal production is expected to increase to between 44 million mt and 46 million mt for the financial year 2017-18.


Similar articles

Iron ore prices drop by over $9//mt week on week, mood remains bad

28 Mar | Scrap & Raw Materials

Goa government to ease policy for liquidating iron ore dumps lying on private land

28 Mar | Steel News

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

Brazilian high-grade iron ore price declines sharply in two days

27 Mar | Scrap & Raw Materials

Daily iron ore prices CFR China - March 27, 2024

27 Mar | Scrap & Raw Materials

India’s JSPL takes operational charge of iron ore complex in Venezuela

27 Mar | Steel News

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

Vale selected to begin award negotiations for US briquette plant

26 Mar | Steel News

Daily iron ore prices CFR China - March 26, 2024

26 Mar | Scrap & Raw Materials