BHP Billiton Limited
(ASX:BHP) has again lowered its iron ore production guidance blaming bad weather and a rail network maintenance program.
The miner will now produce 18 million tonnes less than predicted before its first cut guidance following the Samarco disaster in Brazil.
BHP says full year production guidance for petroleum, copper and coal remain the same and the company is increasing focus on high-quality operations and stronger margins.
Four major development projects are on track and the company has earmarked $820 million for oil exploration and growth opportunities this financial year.
BHP Billiton reported a net loss of $7.85 billion for the six months to the end of December 2015
