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The forecast comes as BHP reported a 22% increase in iron ore output in the three months to the end of December. The data comes just a day after rival Rio Tinto reported record iron ore production...
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Unlike Rio though, BHP kept its 2021-22 shipping forecast intact at between 278 million and 288 million tonnes of iron ore. "BHP's operations delivered reliably during the first quarter and we completed planned major maintenance activities across a number of our assets," BHP chief executive Mike Henry said in Tuesday's report.
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Iron ore retreated on Wednesday, with the most-active contract in Singapore losing as much as 1.5% to $82.60 a ton before trading at $83.31 in the mid-afternoon. In Dalian, futures eased for a...
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BHP Billiton(LON:BLT) raised its iron ore production target for this year as the benefits of the overhaul of operations at Pilbara in Western Australia started to come through. The mining giant produced 48.8mln tonnes of iron ore in the three months to September, a 23% increase on last year and a 2% quarter-on-quarter increase.
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The unaudited financial information above reflects the proposed Merger of BHP and Billiton to form BHP Billiton. It is intended that under UK GAAP the Merger will be accounted for using merger accounting principles. ... raising to 40,000 tonnes after two years. IRON ORE. Attributable iron ore production: 61.3 million tonnes. ... (BHP 23.9%) BHP ...
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BHP Billiton, which is expanding its Pilbara iron ore production capacity to more than 220 million tonnes/year by 2014, last year posted a 71.5 per cent leap in its half-year result to a record ...
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The lift in guidance comes after BHP beat forecasts by increasing iron ore output by 23 per cent year on year to a record 48.85 million tonnes during the three months to the end of September. Total ore sales out of Western Australia - including joint venture partners - was 53.56 million tonnes, also a 23 per cent lift.
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The FTSE 100-listed mining giant said the continued ramp-up of the Jimblebar mine in western Australia and the relatively limited impact of the wet season meant it is raising its iron ore guidance...
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Fitch forecasts iron-ore production in Australia to grow at an average yearly rate of 0.4% between 2022 and 2026. The significant slowdown compared with the previous five years comes from the...
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The review is considering all options for the long-term future of Nickel West, including the potential sale of all or part of the business. BHP Billiton operational review for the year ended 30 June 2014 13 Minerals exploration Minerals exploration expenditure in the 2014 financial year was US$410 million, of which US$347 million was expensed.
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The group today also trimmed its full year forecast for iron ore by 10 million tonnes to 237 million tonnes mainly because of a deadly dam burst at its Samarco joint venture in Brazil, where output...
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This file photo, released by BHP Billiton on February 9, 2012, shows iron ore being stockpiled at Port Hedland in Western Australia. BHP Billiton on Wednesday reported that iron ore production in...
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Anglo-Australian mining giant BHP Billiton on Tuesday raised its iron ore production forecast after operations in Western Australia achieved record output in July-September. The world's biggest...
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Earlier this week, larger rival BHP Billiton set a higher target for iron ore production in 2018 while Rio Tinto cut its forecast for shipments by up to 10 million tonnes.
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Mar 11, 2020The iron ore and pellet market is dominated by four major players with Vale leading the pack with revenues of nearly $29.3 billion in 2019.; While Rio Tinto and BHP Billiton are behind with iron ...
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Brazilian pellets producer Samarco, a 50/50 joint venture between Vale and BHP Billiton, plans to produce between 7 to 8 million mt of iron ore pellets per year. The company's output forecast came as the company resumed activities at both its Germano and Ubu complexes. At the Ubu facility, Samarco is only operating its No. 4 pelletizing facility.
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Iron ore price is expected to average $US100 a ton this year, dropping to $US89 in 2015 and $US87 in 2016, Credit Suisse said in a report on June 23. Global seaborne supply will increase 9 per cent to 1.37 billion tons this year as Australian exports expand 18 per cent to 685 million tons, it said. Posted by Unknown at 1:09 PM
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Given that BHP stock has seen single-day increases of three percent amid a more optimistic outlook for commodities, it is foreseeable that BHP stock, now trading at about $23.00, could hit $30.00 ...
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Vale currently leads the iron ore and pellet market with about $29.3 billion in iron ore and pellet revenues over 2019, followed by Rio Tinto, BHP Billiton, and Cleveland-Cliffs, which posted ...
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BHP sees full-year iron ore output near upper end of forecast. BHP sees full-year iron ore output near upper end of forecast. Breaking News. Close . Quotes. All Instrument Types. All Instrument Types ... Exclusive-Musk feels 'super bad' about economy, needs to cut 10% of Tesla jobs. Oil rises despite OPEC+ output hike plan; supply still tight ...
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The merger created the world's largest diversified resources company, with operations in 20 countries spanning the aluminum, coal, copper, ferro-alloys, iron ore, titanium, nickel, diamond, and silver mining sectors, as well as the oil, gas, and liquefied natural gas markets. BHP Billiton is leader or near-leader in nearly every market it covers.
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The tailing dams Fundão (which burst) and Santarém (which was damaged) are part of a complex iron ore facility operated by Samarco Mineração SA, a joint venture by mining giants Anglo-Australian BHP Billiton and Brazilian Vale. The output accounts for approximately 20 percent of the world's export of iron ore pellets.[2]
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SYDNEY, Jan 25 (Reuters) - BHP Billiton (NYSE: BBL - news) was on track to meet its iron ore production guidance for fiscal 2017 after reporting a strong second quarter for its most profitable business on Wednesday. The world's biggest miner reported a 9 percent rise in iron ore output in Western Australia to 70 million tonnes for the December quarter from the same period a year earlier.
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Rio, which plans to boost its annual ore output by about 23 percent to 220 million tonnes next year, has so far rebuffed BHP's advances, preferring to underline the value of remaining independent....
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18 February 2014 Watch: Fat Prophets' David Lennox gives his analysis of BHP's latest results The world's biggest mining company BHP Billiton has posted a 31% jump in profit due to improvements in...
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BHP Billiton said its iron ore mines in Western Australia's Pilbara region set a fresh production record in the December quarter, hitting an annualised output rate of 178 Mt. UBS analysts had been ...
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Iron ore prices have slumped after low cost mega miners Vale, Rio and fellow Australian BHP Billiton ramped up output just as demand growth in China began to slow. China's crude steel output in...
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Realised prices for the group's crude oil output were down by a third, while average iron ore and copper receipts were down 41 per cent and 14 per cent, respectively. To counter ongoing price weakness, the Anglo-Australian miner reduced its annual capital and exploration outlay by a quarter to $11bn in the period under review.
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The big focus this week has been BHP, but there was some activity at the junior end of the market this week. GWR Group (ASX:GWR) was up yesterday after announcing haulage rates from the C4 iron ore mine at its Wiluna West project overshot July forecasts of 120,000t. After hauling 125,060t to the port of Geraldton in July, GWR is on track to ramp up to 130,000t in August.
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Analysts also reacted to this news and hiked their price forecasts for iron ore. Goldman Sachs increased its three-month iron ore price forecast from $70 to $80 per ton. Vale's direct seaborne competitors, which include Rio Tinto and BHP Billiton, also stand to benefit from higher iron ore prices. In Australian trading today, Rio's price ...
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Jan 19, 2021Like its peers, BHP has gained from China's steady appetite for the steel-making commodity and said its Western Australia iron ore output rose 3.5% to 70.4 Mt for the quarter ended Dec. 31. UBS ...
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SYDNEY: Mining giant BHP Billiton has reported an increase in iron ore output for the June quarter but a decline in gas production as shale projects were delayed due to weak oil prices.The Anglo ...
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After taking swipes at BHP Billiton and Rio Tinto for flooding the iron ore market, WA Premier Colin Barnett has promised not to increase the royalty rate.
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BHP Billiton posted a robust September quarter production report with iron ore the stand out, leading some brokers to ease off on their preference for Rio Tinto. Get 2 Weeks free trial Sign Up
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Reporting quarterly production figures on Tuesday, ahead of its annual UK shareholder meeting on Thursday, BHP said iron ore output was up 23 per cent year on year and should now be 5m tonnes...
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The global output of iron ore declined 2.5% to 2.015 billion mt in 2015. ... The main factor behind the fall in prices was the faster-than-expected increase in the supply of iron ore, particularly from the three largest producers (Vale, Rio Tinto and BHP Billiton). ... The "Big 3" iron ore mining companies (Vale, BHP Billiton and Rio Tinto ...
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BHP Billiton has narrowed its production guidance range for its Western Australian Iron Ore (WAIO) operations for the 2017 financial year ending June 30. Customer Service Chat COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT THE PERMISSION OF THE PUBLISHER
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Published Oct 23, 2013 Written by Bloomberg Share Johannesburg - BHP Billiton, the largest mining company, has raised its full-year iron ore production forecast after first-quarter output of its...
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Vale, Rio Tinto, BHP Billiton and Fortescue Metals Group are still making money even after prices of the steel-making ingredient dropped 37 per cent since December to the lowest level since 2009.
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Jan 19, 2010India sold almost 100 million tonnes of ore to China on a spot basis last year, or about two-thirds of BHP Billiton's total projected output for 2010. Spot prices are just above $129 C.I.F (Cost,...
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