BHP trims iron ore guidance due to maintenance issues

Original article by James Thomson
The Australian Financial Review – Page: 17 : 20-Apr-18

BHP Billiton’s iron ore production in the Pilbara totalled 57.6 million tonnes in the March quarter, which is eight per cent higher than the previous corresponding period. However, the resources group has advised that full-year output for 2017-18 will be within the range of 272 million to 274 million tonnes, due to the need for maintenance work on equipment that is used to unload rail cars. BHP had previously forecast full-year output of 275 million to 280 million tonnes. BHP has also indicated that it hopes to secure deals to sell its US shale assets in the second half of 2018.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, SHAW AND PARTNERS LIMITED

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