BHP set to miss iron ore target as tough year continues

Original article by Peter Ker
The Australian Financial Review – Page: 15 & 20 : 15-Jul-16

In April 2016, BHP Billiton scaled back its forecast for iron ore shipments from Western Australia in 2015-16 to 260 million tonnes, compared with original guidance of 270 million. However, BHP may have failed to achieve its revised target. Iron ore shipments from Port Hedland for the financial year totalled 454.2 million tonnes, with rival producers estimated to have accounted for about 196 million tonnes. This would suggest that BHP’s share of iron ore shipments was around 258 million tonnes.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, ROY HILL HOLDINGS PTY LTD, ATLAS IRON LIMITED – ASX AGO, MINERAL RESOURCES LIMITED – ASX MIN, UBS HOLDINGS PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG, SAMARCO MINERACAO SA, RIO TINTO LIMITED – ASX RIO

Leave a comment