MELBOURNE--BHP Billiton Ltd. (BHP) reported Wednesday a 12th consecutive annual production record from its iron ore mining operations in Western Australia and forecast a more modest increase in output for the next financial year.
BHP, the world's third-largest iron ore producer after Vale SA (VALE) and Rio Tinto PLC (RIO), said its output of the steelmaking commodity rose 19% for the year through June to almost 159.5 million metric tons. Production increased by 15% on-year in the fourth quarter and the mining company said production for the current financial year is expected to rise by about 5%.
BHP, the world's third-largest iron ore producer after Vale SA (VALE) and Rio Tinto PLC (RIO), said its output of the steelmaking commodity rose 19% for the year through June to almost 159.5 million metric tons. Production increased by 15% on-year in the fourth quarter and the mining company said production for the current financial year is expected to rise by about 5%.
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