BHP Billiton
(ASX:BHP) has achieved full year 2017 production guidance for petroleum and iron ore with annual production records at Western Australia Iron Ore (WAIO), Spence and two Queensland coal mines.
The multinational giant reported its iron ore production rose 4 per cent in FY17, compared to the prior period, reflecting improvements across its supply chain.
Although, BHP etched record volumes of Metallurgical coal at two Queensland coal mines, it was offset by the impacts of Cyclone Debbie and resulted overall Metallurgical coal production being 6 per cent lower in FY17, compared to FY16.
BHP’s group copper production fell 16 per cent in FY17, compared to FY16, but it expects production will rise by 7 per cent in the 2018 financial year.
The company says all of its major projects under development are tracking to plan.
Shares in BHP Billiton
(ASX:BHP) last traded at $25.10.
