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20.01.2015 23:56:04

BHP Billiton Q2 Iron Ore Production Rise 16% - Quick Facts

(RTTNews) - BHP Billiton Ltd. (BHP, BHP.AX, BBL, BLT.L), reported 16 percent year-over-year growth in iron ore production for the second quarter, and a 1 percent decline sequentially.

Total petroleum production for the second quarter improved 10 percent, Copper production declined 4 percent, Metallurgical coal production rose 17 percent and Energy coal output improved 5 percent.

Alumina production for the quarter improved 3 percent, while Aluminium dropped 15 percent from the same period last year. Production of Manganese ores was up 4 percent, Manganese alloys improved 21 percent, while Nickel declined 10 percent.

Looking ahead, the mining giant stated that its production guidance remains unchanged and that it is on track to deliver Group production growth of 16 percent over the two years to the end of the 2015 financial year.

The company expects financial year 2015 iron ore production to improve 11 percent, and Petroleum and Copper production to rise 5 percent each.

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