Finance Finance News BHP posts record output on iron ore

BHP posts record output on iron ore

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BHP Billiton has raised its full year guidance for iron ore and metallurgical coal production after achieving record output so far this fiscal year.

The world’s largest diversified miner raised production guidance for its Pilbara iron ore business by five million tonnes to 217 million tonnes for the year.

Metallurgical coal guidance has been raised by 2.5 million tonnes to 43.5 million tonnes.

BHP increased iron ore exports for the March quarter by 23 per cent to 57.6 million tonnes, with its equity share 49.6 million tonnes.