BHP Iron Ore Output Rises 15% to Beat Analyst Estimate
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BHP Billiton Ltd.’s fourth-quarter iron ore production gained 15 percent as the world’s largest mining company expands operations in Australia’s Pilbara region, setting a 12th consecutive annual record.
Output was 40.9 million metric tons in the three months ended June 30, from 35.5 million tons a year earlier, Melbourne-based BHP said today in a statement. That beat the 37.3 million ton median estimate of five analysts surveyed by Bloomberg.