BHP’s 1st qtr iron ore output jumps 8 percent on unwavering Chinese demand
The world`s biggest miner BHP said on Wednesday its first quarter iron ore production rose 8 percent on a year earlier as it ramps up output to meet persistent strong demand in China.
BHP`s iron ore output rose to 69 million tonnes during the three months ended Sept. 30, compared with 64 million tonnes a year ago. That came in line with UBS`s estimate of 68.8 million tonnes.
The Anglo-Australian miner maintained its fiscal 2019 guidance of 273 million to 283 million tonnes of iron ore.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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