Oct 06, 2014· BHP Billiton says it will cut costs at its iron ore mines by 25 per cent but insisted the recent price falls did not change its view about healthy long term demand.
May 12, 2015· BHP Billiton, the world's largest mining company, said on Tuesday it would slash its iron ore production cost further and cut spending to better withstand a downturn in commodity prices.
Sep 29, 2011· BHP Billiton organized a site tour of its Western Australia Iron Ore operations this week, providing valuable information about its production costs: Source: BHP Billiton Site Tour Presentation, September 27 2011 Observations: BHP positions itself in the cost curve around $39/t CIF. Average iron ore price for the year ended June 2011 was $163/t, resulting…
Dec 01, 2015· The company's copper boss, Daniel Malchuk, said Tuesday that BHP expects to lower production costs to $1.08 per pound during the 2017 financial year, from a …
Oct 06, 2014· The response to plummeting iron ore prices was given by Jimmy Wilson, BHP Billiton's president of iron ore.. He sees healthy demand growth for iron ore in the mid-term with Chinese steel ...
Oct 06, 2014· Mining giant BHP Billiton said Monday it planned to cut costs and lift production at its Western Australian iron ore operations as it aims to be the lowest cost supplier to China. Iron ore prices have fallen sharply this year amid increased production, but BHP iron ore president Jimmy Wilson said the firm wanted to lift capacity in Western ...
Oct 06, 2014· BHP Billiton Outlines Plan to Cut Costs on Iron Ore. By Reuters. Oct. 6, 2014. MELBOURNE, Australia — The British-Australian mining company BHP Billiton aims to cut its iron ore production costs ...
Oct 22, 2014· BHP Billiton Wednesday reported a rise in September quarter iron ore production as the mining giant vowed to continue reducing costs amid depressed prices from a global supply glut. The world's biggest miner reported a 17 percent increase in iron ore production to 57.1 million tonnes in the three months to September compared to the previous year.
Jul 19, 2021· (RTTNews) - BHP (BHP.AX, BLT.L, BBL, BHP) reported that its fourth-quarter total iron ore production declined 2.2% to 65.25 million tonnes from 66.73 million tonnes in the previous year.
Aug 17, 2021· Meanwhile, BHP Billiton reported EBITDA of $37.38 billion for the year amid higher iron ore prices, record iron ore production volumes, a disciplined cost performance, and lower fuel and energy costs, increasing by 69 percent compared to $22.07 billion in the same period of the previous year, while its EBITDA margin rose to 64 percent in the ...
2 · August 17th, 2021, 8:58 AM PDT. BHP CEO Mike Henry discusses the sale of the firm's oil and gas operations to Woodside Petroleum, investments in potash mining, and the outlook for iron ore demand ...
Jul 20, 2016· BHP Billiton's chief executive officer Andrew Mackenzie predicted that production would increase across the big miner's divisions over the next year, including in the oversupplied iron ore …
Aug 24, 2017· BHP's iron ore asset WAIO (Western Australia Iron Ore) contributes more than 90.0% of the company's total iron ore production. Production …
Oct 06, 2014· BHP Billiton aims to cut its iron ore production costs by more than 25 percent and squeeze more tonnes from its mines as it aims to overtake …
May 10, 2021· BHP Billiton (BHP) is the world's largest mining company, with a diversified portfolio including copper, diamond, iron ore and coal production, and substantial interests in oil, gas, liquefied natural gas and diamonds.It distinguishes itself from its competitors by the combination of the quality of its assets; deep inventory of growth projects; customer-focused marketing; diversification ...
Aug 18, 2016· Cost-cutting in iron ore BHP's total iron ore production increased by 2% in fiscal 2016 to a record 227 million tons. More than 90% of BHP's iron ore comes from WAIO (Western Australia iron ore).
Mar 19, 2013· These have been compiled by: P Whitehouse (MAusIMM) – Western Australia Iron Ore (WAIO) who is employed by BHP Billiton at the time of reporting. This is based on information in the BHP Billiton Annual Reports from 2007 to 2012 and other investor presentations which can be found at
Oct 05, 2014· BHP Billiton (NYSE: BBL - news), the world's largest diversified miner, said it aimed to squeeze more tonnage from its iron mines at less expense per tonne as it aims to overtake rival Rio Tinto (Xetra: 855018 - news) as the world's lowest-cost producer. "We will continue to squeeze the lemon because at the end of the day it's just so value accretive," Jimmy Wilson, the head of BHP's iron ore ...
Oct 05, 2014· BHP Billiton (NYSE: BBL - news) plans to cut its iron ore production costs by 25 percent and possibly increase capacity by 65 million tonnes a year despite a slump in iron ore prices, the top global miner said on Monday. "We continue to see healthy demand growth for iron ore in the mid-term as Chinese steel production is expected to increase by approximately 25 percent to between …
Valued at A $ 17 billion, mineral ore represents the largest industriall sector in Australia. The main minerals are:diamonds, steel, iron diamond copper and oil;,. Main data: Total annual production is 45.1 million tonnes. The volume of exports is 30.5 million tons. The share in world trade is 7%. 68% of total production is exported.
BHP Operational Review for the half year ended 31 December 2020 2 Summary BHP Chief Executive Officer, Mike Henry: "BHP delivered strong safety and operational performance in the first half of the 2021 financial year, including record production at Western Australia Iron Ore …
Nov 20, 2020· Iron ore makes up 38% of BHP Billiton's () revenues and 42% of its EBITDA (earnings before interest, tax, depreciation, and amortization).So it's important to look at its iron ore costs, which ...
Apr 20, 2016· BHP Billiton cuts its annual production guidance by 4 per cent, or 10 million tonnes, as it vows to keep cutting costs to deal with depressed commodity prices. ... Iron ore production fell 1 per ...
Jul 19, 2021· BHP secured iron ore prices of $158.17 for the June half, double those received for the last financial year. "Operationally, it's just satisfactory from our point of view given production of ...
Oct 05, 2014· The increased production and low capital costs will allow the company to overtake rival Rio Tinto as the lowest cost producer of iron ore globally. While Rio Tinto's expenditure stands at $20.40 a tonne, BHP aims to produce iron ore for less than $20 a tonne, which does not include the cost of shipping and royalties.
Jun 05, 2009· Rio Tinto and BHP Billiton today signed a non-binding agreement to establish a production joint venture covering the entirety of both companies' Western Australian iron ore assets. The joint venture will encompass all current and future Western Australian iron ore assets and liabilities and will be owned 50:50 by BHP Billiton and Rio Tinto.
Jul 18, 2017· BHP Billiton's fiscal fourth quarter iron ore output rose 8 percent from a year ago, enabling the world's third largest producer to meet its full-year guidance and set a bigger target for the ...
Jul 20, 2016· BHP Billiton Ltd. will tip more iron ore into the global market in the year ahead, as miners show few signs of holding back output of the commodity despite a worsening glut. Iron-ore prices have been dragged to a decade low as large exporters churn out rising volumes of the raw material intended to feed growth in China that is now slowing down.