BHP iron ore output beats expectations, plans another increase for this year
Jul 21 2015, 20:55 ET | About: BHP Billiton Limited (BHP) | By: Carl Surran, SA News Editor ,
Quelle: seekingalpha.com
- BHP Billiton (NYSE:BHP) says it beat its fiscal year iron ore guidance, shipping a record 254M metric tons for the year to June, up 4% Y/Y, but took an impairment charge of between US$350M-$650M, mostly from weakness in its copper business.
- BHP says it is on track with its rapid iron ore expansion to 270M metric tons of iron ore in the current year, and up to 290M in FY 2017.
- Production of other commodities during last fiscal year was mixed: Output of metallurgical coal rose 13% Y/Y at a record 43M tons, while production of copper and thermal coal fell.
- BHP reports a 4% rise in full-year petroleum production to a record 256M boe, but says it expects output in the coming year to fall 7% as it defers development of some gas fields.
- In addition to the US$350M-$650 writeoff, BHP previously announced expectations of a ~US$2B post-tax charge against its onshore U.S. assets.
Quelle: http://resources1.news.com.au/images/2011/10/19/1226171/099157-111020-b-bhp.jpg
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