BHP Billiton lifts production target after new iron ore mine comes online
INVESTORS have cheered a better than expect production update from global mining giant BHP Billiton with its share price surging in early trade.
BHP’s share price jumped more than 2 per cent to $36.96 this morning after it lifted its full year iron ore production expectations for the 2014 financial year.
The world’s largest resources company now expects to produce 212 million tonnes of iron ore from its Pilbarra operations, some 5 million tonnes higher than its previous guidance.
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