Anglo-Australian miner BHP Billiton Ltd said iron ore production in its fiscal fourth quarter rose 3 percent as productivity improved, cementing a record annual output as it set a bigger target for the current year.
The world's biggest miner's iron ore output rose to 72 million tonnes during the three months through June, compared with 70 million tonnes a year ago.
Full-year production came in at 275 million tonnes. BHP set a fiscal 2019 production target of 273-283 million tonnes.
"We have delivered a strong finish to the 2018 financial year with an eight per cent increase in annual production and record output at Western Australia Iron Ore, Queensland Coal and at our Spence copper mine in Chile (Stuttgart: 704599.SG - news) ," BHP Chief Executive Andrew Mackenzie said.
https://uk.finance.yahoo.com/news/bhp-p ... 24046.html