Stock Research for BHPBF


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BHPBF Due diligence Resources & Stock Charts

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Stock Analysis

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Financial & Transaction Holdings

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Stock Charts

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Latest Financial News for BHPBF

[$$] BHP Billiton cuts iron ore production forecast
Posted on Thursday April 19, 2018

BHP Billiton, the world’s biggest mining company, has cut production guidance for its most important commodity after problems with the giant machines used to pick up and empty rail cars loaded with iron ore. It blamed the downgrade on “car dumper reliability issues as we push to record levels of production” at its operations in western Australia. Iron ore is BHP’s main source of earnings.

BHP cuts 2018 iron ore forecast, cites rail car upload problems
Posted on Wednesday April 18, 2018

BHP Billiton Ltd cut its 2018 fiscal year iron ore output guidance on Thursday citing issues in its railroad car unloading system, while also slightly raising its copper output expectations given higher production at the Escondida mine. A car dumper is a machine that unloads bulk cargoes from rail road cars. Overall, the outcome of the global miner's third quarter production was balanced as lower iron ore output and eased guidance should be broadly offset by a slight pick up in third quarter copper production and upgraded guidance, said Sydney-based brokerage Shaw and Partners in a report.

[$$] BHP Trims Iron Ore, Olympic Dam Output Forecasts
Posted on Wednesday April 18, 2018

Ltd. (BHP.AU) said it would produce less iron ore than expected this fiscal year because of unplanned maintenance work, and also cut expectations for its Olympic Dam copper mine in Australia. BHP, the world’s top listed miner, on Thursday reported iron-ore production of 58 million metric tons for the three months through March, up 8% on-year but 6% lower than the quarter immediately prior. The company meantime lowered fiscal-year production guidance for its Olympic Dam mine in southern Australia to roughly 135,000 tons from 150,000 tons because of a slower-than-anticipated ramp up following maintenance work there.

BHP 3rd-quarter iron ore output up 8 pct, cuts forecast
Posted on Wednesday April 18, 2018

BHP Billiton Ltd said on Thursday its third quarter iron ore production rose 8 percent, but cut its 2018 fiscal year iron ore output guidance citing issues in its railroad cars unloading system. BHP's ...

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