BHP Billiton Ltd
(ASX:BHP) has today outlined the path for its coal business to its investors.
BHP says its coal business delivered over $3 billion USD in productivity gains since 2012. The company is also targeting another $600 million USD by the end of the 2017 FY.
The company also says it can grow its coal business by releasing low-cost, latent capacity, and by exercising high quality growth options “if market conditions call for it”.
BHP’s President of Operations Minerals (Australia), Mike Henry, says there is opportunity for its Coal business to grow in developing countries. He also says there is significant opportunity to boost the competitiveness of coal operations – in terms of costs and volumes.
BHP reported a net loss of $7.85 billion at 31 December 2015.
