BHP puts US shale back on block

Original article by Paul Garvey
The Australian – Page: 17 & 26 : 27-Apr-17

BHP Billiton has reduced its 2017 forecast for copper production to between 1.33 million and 1.36 million tonnes due to the impact of industrial action at the Escondida mine in Chile. Metallurgical coal output is also expected to be lower due to Cyclone Debbie in Queensland, while iron ore production guidance has been reduced to between 268 million and 272 million tonnes following inclement weather in Western Australia during the March quarter. Meanwhile, BHP has flagged plans to sell its Fayetteville shale gas fields in the US.

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BHP BILLITON LIMITED – ASX BHP, ELLIOTT MANAGEMENT CORPORATION, JP MORGAN AUSTRALIA LIMITED, MACQUARIE GROUP LIMITED – ASX MQG, GOLDMAN SACHS AUSTRALIA PTY LTD

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