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Thursday, February 1, 2018 - 2:27:58 PM
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Mining News Agency -According to BHP Billiton’s operational report, in the fiscal year of 2018, the production of oil, copper, iron ore and steam coal were expected to stay the same, but that of coking coal was expected to drop to 41 to 43 million tons.
Mining News -In the second half of the year of 2017, the business performance of BHP Billiton was solid because of the rising price of steel product. The output increased sharply owing to the expansion program of Los Colorado mine.
The copper production grew by 17% compared to same period of last year. Moreover, the output of the Western Australia iron ore and Queensland coal hit a new quarter high.
Market participants thought that maintaining good development in the fourth quarter in 2017 promoted an upward tendency in the second half of the year in 2017. The iron ore and copper production was expected to rise to 6%.
Because the rainy and wet weather in BHP Billiton’s Broadmeadow Mine led in engineering geology problem, the production targets of coking coal and coal were expected to go down, and the influence might continue to the first quarter in 2018.
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https://www.miningnews.ir/En/News/111371
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