BHP Billiton Limited
(ASX:BHP) has missed its full-year iron ore production guidance even though it posted a strong lift in fourth-quarter activities.
In the three months to June 30, BHP's iron ore output was 47.689 million tonnes, a 17.7 per cent lift on the previous corresponding period.
Year-to-date iron ore production came in at 169.85 million tonnes, a seven per cent increase on year.
During its third-quarter production update, BHP flagged full-year iron ore production of 183 million tonnes, despite noting a cyclone related slowdown in the period
Despite the overall miss, BHP says Western Australia Iron Ore and Escondida, exceeded production guidance and annual records.
BHP delivered a net profit of $4.1 billion in the first half of fiscal 2013.
