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LON100:BLT, Apr 21, 07:14 UTC

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Thursday, April 19


News

BHP Trims Iron Ore Guidance—How Iron Ore Prices Could Respond

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On April 18, BHP Billiton (BHP) released its operational review of the nine months ended March 2018. Iron ore (PICK) volumes are key to BHP Billiton’s revenues and earnings, as iron ore is the largest commodity produced by the company.

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BHP Billiton (BHP) Lowers Iron-Ore Production View for FY18

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'BHP Billiton (BHP) Lowers Iron-Ore Production View for FY18.', 'Moreover, BHP Billiton revised its copper production guidance range from 1,655-1,790 Kt to 1,700-1,785 Kt for fiscal 2018.Total petroleum production was 45 million barrels of oil equivalent (MMboe) in the fiscal third quarter, down 12% year over year. However, the company believes improved well performance in the onshore fields of United States will help boost its petroleum productivity going forward.Aggregate output of metallurgical coal came in at 10 Mt in the reported quarter, up 2% year over year.', 'The company reaffirmed its fiscal 2018 productivity guidance at 41-43 Mt range.Our TakeBHP Billiton is poised to grow on the back of new investments, increased mining yield and diligent cost-saving initiatives.', 'Furthermore, we expect that improving iron-ore prices will be beneficial for major mining companies like BHP Billiton, Vale S.A. VALE, Rio Tinto plc RIO and Golden Minerals Company AUMN.'

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finance.yahoo.com
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BHP Billiton PLC (LON100:BLT) article volume is higher than usual

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Liberum Capital Reaffirms Sell Rating for BHP Billiton (BLT) view top sourcebeta

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ledgergazette.com
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[$$] BHP Trims Iron Ore, Olympic Dam Output Forecasts

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Ltd. (BHP.AU) said it would produce less iron ore than expected this fiscal year because of unplanned maintenance work, and also cut expectations for its Olympic Dam copper mine in Australia. BHP, the world’s top listed miner, on Thursday reported iron-ore production of 58 million metric tons for the three months through March, up 8% on-year but 6% lower than the quarter immediately prior. The company meantime lowered fiscal-year production guidance for its Olympic Dam mine in southern Australia to roughly 135,000 tons from 150,000 tons because of a slower-than-anticipated ramp up following maintenance work there.

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Wednesday, April 18


News

BHP cuts 2018 iron ore forecast, cites rail car upload problems

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'BHP cuts 2018 iron ore forecast, cites rail car upload problems.', 'April 19 (Reuters) - BHP Billiton Ltd cut its 2018 fiscal year iron ore output guidance on Thursday citing issues in its railroad car unloading system, while reporting an 8 percent rise in third-quarter iron ore production.', 'The miner cut its fiscal 2018 production guidance to between 272-274 million tonnes of iron ore from 275-280 million tonnes.', 'BHP, the world\'s biggest miner, said its copper production target was affected by a "slower than planned" ramp-up in production during the March quarter at its Olympic Dam facility in South Australia.'

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finance.yahoo.com
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BHP Billiton PLC (LON100:BLT) article volume is higher than usual

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BHP trims iron ore guidance view top sourcebeta

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afr.com
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BHP third-quarter iron ore output up 8 percent, cuts forecast

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'BHP third-quarter iron ore output up 8 percent, cuts forecast.', "(Reuters) - BHP Billiton Ltd <BHP.AX> said on Thursday its third quarter iron ore production rose 8 percent, but the world's biggest miner cut its 2018 fiscal year iron ore output guidance citing issues in its railroad cars unloading system.", "BHP's iron ore output rose to 67 million tonnes during the three months ended March 31, compared with 62 million tonnes a year ago.", 'The Anglo-Australian miner cut its fiscal 2018 production guidance to between 236-238 million tonnes of iron ore from 275-280 million tonnes. What to read next.'

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BHP 3rd-quarter iron ore output up 8 pct, cuts forecast

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'BHP 3rd-quarter iron ore output up 8 pct, cuts forecast.', "April 19 (Reuters) - BHP Billiton Ltd said on Thursday its third quarter iron ore production rose 8 percent, but the world's biggest miner cut its 2018 fiscal year iron ore output guidance citing issues in its railroad cars unloading system.", "BHP's iron ore output rose to 67 million tonnes during the three months ended March 31, compared with 62 million tonnes a year ago.", 'The Anglo-Australian miner cut its fiscal 2018 production guidance to between 236-238 million tonnes of iron ore from 275-280 million tonnes.'

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BHP Billiton plc (ADR) (BBL) Enters Produce Nickel Sulphate Venture

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BHP Billiton plc (ADR) (BBL) Enters Produce Nickel Sulphate Venture. InvestorPlaceApril 18, 2018. BHP Billiton plc (ADR) (NYSE:BBL) announced that the company is entering a venture that will allow it to produce nickel sulphate next year. The company said that it sees the battery minerals industry as being in short supply right now, which is prompting it to explore the production of nickel sulphate from its nickel refinery in Western Australia. It will also be considering the production of cobalt, according to a company executive. BHP Billiton believes this will be a profitable business venture due to the fact that cobalt and nickel are both key ingredients for the production of lithium ion batteries, which means that a demand for this product will increase as more global automakers start producing electric vehicles. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. While most of the world’s cobalt supply comes from the Democratic Republic of Congo (DRC), Australia is second in terms of largest mineral reserves and it is also a more ethical place to mine due to human rights concerns in the DRC. “Part of our transition to becoming a global supplier of battery materials means we have started looking at cobalt options as well,” Eduard Haegel, president of BHP Billiton’s Nickel West refinery, said on Wednesday at a battery materials conference in Shanghai. “We see cobalt as remaining in short supply … For this reason we are looking to broaden our support of the battery sector by increasing our contribution to cobalt supply.”. BBL stock gained about 3.6% on Wednesday. The post BHP Billiton plc (ADR) (BBL) Enters Produce Nickel Sulphate Venture appeared first on InvestorPlace. What to read next.

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Social Chatter

BHP Billiton PLC (LON100:BLT) social chatter is higher than usual

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BHP Billiton PLC has broken out of a medium-term descending channel and is looking good for a buy at 25583c with a… https://t.co/ZyBaeVogPw