In a slide show presentation posted on the Australian Stock Exchange, BHP Billiton Limited
(ASX:BHP) expects its coking coal production capacity to hit 66 million tonnes a year in 2014, a 50 per cent jump from the production rate in full year 2012.
BHP says cost-cutting was underway at its coal operations in Queensland after the global miner recently shelved expansion plans for its Peaks Downs mine.
BHP maintained its full year production guidance earlier this month and declared a five per cent spike in its full year iron ore production.
BHP Billiton posted an annual net profit of $15.24 billion in the 2012 financial year.
