BHP Billiton sees record production but misses targets
New chief Andrew Mackenzie confident BHP Billiton can achieve 16% growth in two years
Wednesday 22 January 2014
Mining giant BHP Billiton has posted a record production of iron ore, copper and coal in the second half.
But figures were slightly lower than analysts’ forecasts and shares in the from the Anglo-Australian mining giant dipped more than 1 per cent.
New chief executive Andrew Mackenzie said: “We intend to differentiate ourselves further by achieving a superior rate of return.”
In the six months to December, metallurgical production rose 22 per cent, iron ore by 19 per cent, nickel by 9 per cent and alumina and aluminium by 8 per cent.
Oil disappointed with a 1 per cent drop but analysts said they hoped this was a one-off. Mackenzie said he was conmfortable that BHP would hit its own target of increasing production by 16% over two years.
Shares fell 27.25p to 1827.25p.
- 1 I've been called an abusive and dangerous parent, when all I did was listen to my transgender child
- 2 Migrant crisis: Greek soldier saved 20 people singlehandedly off Rhodes beach
- 3 Sofyen Belamouadden murder: The inside story of a crime that horrified Britain
- 4 Company breaks open Apple Watch to discover what it says is 'planned obsolescence'
- 5 Ian Brady: Moors murderer announces his support for Ukip and the SNP
Migrant crisis: Greek soldier saved 20 people singlehandedly off Rhodes beach
Russian hack of President Obama's emails worse than previously admitted
Ian Brady: Moors murderer announces his support for Ukip and the SNP
UK weather: Britain braced for snow as arctic air mass moves in
Nepal earthquake: US Pastor Tony Miano sparks outcry by suggesting Nepalis should not rebuild their 'pagan shrines'
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
General Election 2015: Britain would become a 'communist dictatorship' under Ed Miliband and Nicola Sturgeon, claims wife of Michael Gove
iJobs Money & Business
£24000 - £26000 per annum + benefits : Ashdown Group: A highly successful, glo...
£50000 - £55000 per annum: Ashdown Group: Business Analyst - Financial Service...
£18000 - £23000 per annum + OTE £45K: SThree: At SThree, we like to be differe...
£20000 - £25000 per annum + competitive: SThree: Did you know? SThree is the o...