BHP Billiton Limited
(ASX:BHP) has boosted its iron ore output over the full 2015 financial year and forecast further production growth in the year ahead.
The global mining giant improved iron ore output by 14 per cent to 233 million tonnes in FY15 and expects output to grow by 6 per cent this financial year.
The latest results came in slightly higher than BHP’s March estimate of 230 million tonnes and comes after rival Rio Tinto Limited
(ASX:RIO) lifted its first half output by 11 per cent.
Ahead of its annual financial results BHP has warned it expects to book an impairment charge of between $US350 million to $US650 million against underlying earnings for the past six months.
BHP Billiton reported a net profit of $5.84 billion in the first half of the 2015 financial year.
