BHP beats forecasts, lifts ore guidance
BHP Billiton’s shares leapt up after a record-breaking production report that has investors eyeing a strong profit and better capital returns.
The global mining giant upgraded full year iron ore production guidance by five million tonnes (mt) to 212 mt (BHP’s share 192 mt).
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.
A Blog for Browsing Mining, Mineral Processing, and Metals Info 