BHP to rise Iron Ore, Copper production

UNITED STATES July 20 2016 5:32 PM     

LONDON (Scrap Register): BHP to boost Iron Ore and copper  output during the year. Total iron ore output of the company is expected to be  up by seven percent. Copper output is expected to rise five percent and  metallurgical coal by three percent.

From the company's Western Australia  mines, production of the current financial year to end-June 2017 is forecast to  increase to between 265 million tonnes and 275 million tonnes.

BHP, which  has now completed a massive expansion of its iron ore business to feed the  Chinese market. But BHP has forecasted petroleum output to fall up to 17 percent  and onshore U.S. shale oil business to fall nearly 30 percent as it defers  development at a time of low prices.