Resources Company News: BHP Billiton Defends Strategy to Boost Iron Ore Supplies

Jimmy Wilson, head of BHP Billiton iron ore business
Jimmy Wilson, head of BHP Billiton iron ore business

Production from its operations in Western Australia was a record 124 million metric tons in the first half, and may reach 245 million tons in the 2015 financial year, BHP said in a statement on Tuesday as Jimmy Wilson, head of its iron ore business, addressed a conference in Perth. The company is on track to achieve unit cash costs below $20 a ton, BHP said.

Jimmy Wilson, head of BHP Billiton iron ore business, stated:

With this strategy, we are maintaining Australia’s competitive position in the global market and providing the revenue, royalties, employment and innovation that is so important for this country’s future.

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