BHP - Wikipedia

BHP, formerly known as BHP Billiton, is the trading entity of BHP Group Limited and BHP Group plc, an Anglo-Australian multinational mining, metals and petroleum dual-listed public company headquartered in Melbourne, Victoria, Australia.. Founded in 1885 in the isolated mining town of Broken Hill in New South Wales, by 2017 BHP ranked as the world's largest mining company, based on market ...

BHP plans to slash iron ore production costs | South China ...

BHP Billiton aims to cut its iron ore production costs by more than 25 per cent and squeeze more tonnes from its mines as it aims to overtake rival Rio Tinto as the world's cheapest producer ...

BHP Billiton Outlines Plan to Cut Costs on Iron Ore - The ...

Oct 07, 2014· MELBOURNE, Australia — The British-Australian mining company BHP Billiton aims to cut its iron ore production costs by more than 25 percent and squeeze more tons from its mines as it …

Industry Brief - Iron Ore - Profile - June 2017

WA Iron Ore Profile – June 2017 Page 1 of 4 Release Classification: Public Iron Ore Industry Profile June 2017 Western Australia Western Australia is the largest iron ore producer and exporter in the world, accounting for 37 per cent of global production and 53 per cent of global exports in 2016. The Pilbara region accounted for 94 per cent of Australia's iron ore exports in

BHP Billiton Plans Continued Iron Ore Growth, Cost ...

BHP Billiton has announced plans to increase production at its Western Australia Iron Ore (WAIO) operations by 65 million metric tons per year (mt/y) to 290 million mt/y by the end of its 2017 financial year, while reducing unit production costs by at least 25% to under $20/mt. Speaking at a briefing of industry analysts in early October, BHP Billiton President—Iron Ore Jimmy Wilson said the ...

BHP Billiton on Track to Hit Copper, Iron Ore Production ...

BHP Billiton (BHP.AU) is on track to hit production records in copper and iron ore this financial year. Iron ore production slipped 3% year-on-year in the September quarter to 64 million tonnes ...

BHP Slashes Iron Ore Production Costs - news.metal.com

Tuesday May 12, 2015, 3:47am PDT Mineweb reported BHP Billiton (NYSE:BHP) would slash its iron ore production cost further and cut spending to counter a drop in commodity prices. As quoted in the market news, "Giant iron ore producer BHP and rival Rio Tinto are locked in a battle to become the ...

BHP Billiton to cut costs of Australian iron ore ...

BHP Billiton has raised the stakes in the ongoing war of attrition in global iron ore with a plan to slash costs and lift production. The world's biggest miner is going head to head with arch ...

Global Iron Ore Cost Curve Report 2016 - Analysis ...

Jun 15, 2016· Global Iron Ore Cost Curve Report 2016 - Analysis, Opportunities & Forecasts for 30 Companies & 70 Mines - Key Vendors: BHP Billiton, Mitsubishi Corp, Rio Tinto - Research and Markets

How the Iron Ore Market Works (VALE, RIO) - Investopedia

The iron ore market has been very weak in recent years. On the other hand, large mining companies, with massive economies of scale and low costs, were increasing production aggressively and moving ...

BHP Billiton cuts iron ore production forecast | Financial ...

Apr 19, 2018· BHP Billiton cuts iron ore production forecast ... for its most important commodity after problems with the giant machines used to pick up and empty rail cars loaded with iron ore. In a production ...

BHP Billiton iron ore production 2008-2018 | Statistic

This statistic shows BHP Billiton's production of iron ore from 2008 to 2018, years ended on June 30. In 2012, BHP Billiton produced nearly 160 million metric tons of iron ore. By 2018, BHP ...

Breaking down BHP Billiton's iron ore production costs ...

Sep 29, 2011· BHP Billiton organized a site tour of its Western Australia Iron Ore operations this week, providing valuable information about its production costs: Source: BHP Billiton Site Tour Presentation, September 27 2011 Observations: BHP positions itself in the cost curve around $39/t CIF. Average iron ore price for the year ended June 2011 was $163/t, resulting…

bhp billiton iron ore production costs

BHP Billiton: 4Q Production Solid, But Petroleum Output, bhp billiton iron ore production costs,BHP Billiton forecast iron ore production of between 239 million tonnes and 243 million tonnes in the 2018 financial year Copper production fell 6% year-on-year due to the strike at its Escondida .BHP Billiton boosts Australian iron ore production - yahooOct 22, 2014·,32;BHP Billiton Wednesday ...

BHP Billiton and Iron Ore Unit Costs: A Peer Comparison ...

Its unit costs have a significant improvement potential as its S11D project reaches full production. Cliffs Natural Resources' costs for its US iron ore division rose 5.7% year-over-year in 2Q17. BHP Billiton, Rio Tinto, and Vale make up 32.1% of the iShares MSCI Global Metals & Mining Producers (PICK).

BHP Is Slashing Costs At Its Iron Ore Mines By 25% ...

Oct 06, 2014· BHP Is Slashing Costs At Its Iron Ore Mines By 25% ... BHP Billiton's president of iron ore. He sees healthy demand growth for iron ore in the mid-term with Chinese steel production …

How Much Lower Can BHP Billiton Push Its Costs in Iron Ore ...

Iron ore costs. Iron ore makes up 34% of BHP Billiton's (BBL) revenues and 45% of its EBITDA (earnings before interest, tax, depreciation, and amortization). So it's important to look at its iron ore costs, which determine its iron ore segment's profitability. This ultimately impacts its …

BHP Plows Ahead on Iron-Ore Production - WSJ

BHP says it will keep digging more and more tons of iron ore out of the ground, even as the steep drop in prices pushes smaller rivals to the wall.

Commodity Prospects Of Rio Tinto Versus BHP Billiton - BHP ...

Mar 04, 2019· Commodity Prospects Of Rio Tinto Versus BHP Billiton. Mar. 4, 2019 3:37 PM ET | ... Increased production of low-cost iron ore continues to replace high-cost iron ore…

BHP says iron ore output to fall by 6-8 million tonnes ...

Apr 01, 2019· BHP Group Ltd said on Tuesday initial estimates indicated its iron ore production would take a hit of about 6 million to 8 million tonnes after disruption and damage caused by tropical cyclone ...

Tracking The Cost Leaders In Iron Ore Production

Iron ore is a bulk commodity and transportation costs are a much larger component of total costs than is the case for other metals. Aside from Rio Tinto, we expect BHP Billiton and Fortescue Metals to be the lowest-cost iron ore producers in the world.

BHP Billiton: China Looks To Spoil The Party - BHP Group ...

Iron ore producer BHP Billiton has been pushing low-cost supplies into the market to force the exit of higher cost miners, including many from China. But the Chinese government has come forward to ...

Industry Brief - Iron Ore - Profile - July 2017

WA Iron Ore Profile – July 2017 Page 1 of 4 Release Classification: Public Iron Ore Industry Profile July 2017 Western Australia Western Australia is the largest iron ore producer and exporter in the world, accounting for 38 per cent of global production and 53 per cent of global exports in 2016. The Pilbara region accounted for 94 per cent of Australia's iron ore exports in

BHP Billiton aims to cut Australia iron ore costs, lift ...

Oct 06, 2014· Mining giant BHP Billiton said Monday it planned to cut costs and lift production at its Western Australian iron ore operations as it aims to be the lowest cost supplier to China. Iron ore prices have fallen sharply this year amid increased production, but BHP iron ore …

Global iron ore cost curves in focus - Australian Mining

Jul 01, 2016· It identified the dominance of the largest iron ore producers Rio Tinto, Vale, and BHP Billiton, not only for holding the largest share of world production, but for also comprising the lowest-cost ...

BHP | Iron Ore Briefing and Western Australia Iron Ore ...

BHP Billiton President Iron Ore, Jimmy Wilson, today announced plans to cut unit costs at Western Australia Iron Ore (WAIO) by at least 25 per cent and the potential to increase capacity there by 65 million tonnes per year at a very low capital cost.

BHP Billiton on track for record mining production

BHP Billiton iron ore production increases. BHP Billiton has seen impressive increases in its iron ore production out of the WA Pilbara with some 225 million tonnes of production for the year and 37.6 million tonnes of coal from its Queensland coal mining operations like the $5 billion Daunia mine.

Iron ore price craters | MINING.com

Sep 21, 2017· The decline in the price of iron ore over the past two weeks turned into a rout on Thursday as worries about new supply combined with fears that Chinese steel production may have peaked. The Steel ...