BHP iron ore production rises, but petroleum falls

Company News

by David Chau

BHP Billiton Ltd (ASX:BHP) has released its operational review for the half year ended 31 December 2016.

BHP says it achieved record iron ore production at Western Australia Iron Ore, its integrated system of processing hubs and mines in the Pilbara region. Its iron ore production lifted by 4% to 118 Mt in the second half of 2016, compared to 2015.

However, the company says its petroleum production dropped 15% to 106 million barrels of oil equivalent during that period.

BHP also says its mining and processing operations at Samarco in Brazil are still suspended following the collapse of a tailings dam on 5 November 2015, which led to deaths of 17 people.

BHP posted a net loss of $8.4 billion at 30 June 2016.

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