BHP Billiton Limited’s
(ASX:BHP) has maintained its full year production guidance after posting a one per cent increase in its first quarter Western Australian iron ore output.
Despite the increase from the year before, production fell three per cent from the previous quarter, affected by planned shutdowns due to harbour expansion works.
The global miner has also revealed petroleum production averaged 666 thousand barrels per day in the September quarter, owing to the recommencement of production in two of its Gulf of Mexico facilities.
BHP expects its full year iron ore production to be five per cent higher than fiscal 2012.
BHP Billiton posted an annual net profit of $15.24 billion in the 2012 financial year.
