Company news: BHP Billiton
BHP Billiton also released its report for the Sep-16 quarter. The company indicated production and unit cost guidance remains unchanged for the FY-17 year. However, the start to the year saw some challenges.
Copper production fell qoq, impacted by ore grade at Escondida, and the South Australian power outage impacting operations at Olympic Dam. Coal production was also a little lower than expected. Iron ore and energy (oil and gas) production were in line with expectations.
Predictions are for the company to recover from the somewhat challenged start to the year in relation to production, with the possible exception of copper.