Company news: BHP Billiton
BHP Billiton released its production figures for the Mar-16 quarter. They were generally in line with expectations, with iron ore production slightly lower than expected (with a cyclone and rail issues) - full year production guidance has been cut slightly (-3.7%). Copper, petroleum and coal production remains on track to their full year production estimates. The company also indicated that it is productivity / cost reduction measures are continuing.