BHP smashes quarterly record

The iron ore keeps on coming from BHP Billiton, which continues to ramp-up production despite a worldwide glut made worse by a slowdown in Chinese growth that has shaved 25% off the price in the year-to-date to about US$53 per tonne.

Shipping ore... as Chinese appetite wanes

22 October 2015
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Total iron ore production for the September 2015 quarter increased by 7% to a record 61 million tonnes. Guidance for the 2016 financial year remained unchanged at 247Mt.

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