BHP Says 2017 Iron Ore Output May Be Flat, Cuts Oil SpendingBy
Fourth-quarter iron ore production fell 7% amid rail program
Raw materials prices remain about 50% lower than a 2011 peak
BHP Billiton Ltd., the world’s biggest mining company, forecast that iron ore production could be flat this fiscal year, while it sees petroleum output declining as much as 17 percent and the prices of its top earning materials remaining volatile.
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