Diversified miner BHP Billiton Limited
(ASX:BHP) has shipped its one billionth tonne of iron ore to China.
The company says it took almost three decades to ship 100 million tonnes of iron ore to China and then only 12 more years to reach the one billion tonne milestone.
BHP advises Chinese demand growth has supported a trebling of the company’s iron ore production over the last two decades.
The company has invested $US25 billion into its Western Australian mines, rail and port infrastructure over the past decade.
BHP Billiton reported a net profit of $16.16 billion in the full 2014 financial year.
