22
Aug
09:28
BHPB profits from iron ore despite Samarco
BHP Billiton has reported a surge in profits in the financial year ending June 2017 as iron ore prices recovered and costs remained low. The company still booked an exceptional loss due to the accident at Samarco however, Kallanish notes.
The miner expects to produce 275-280 million tonnes of iron ore on a 100% basis from its Western Australia operations, unchanged from its previous guidance. The company is currently licenced for 275 million tonnes/year of …
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Anonymous
Very good overview of the weekly steel market.
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