BHP lifts FY iron ore guidance

Miner lifts full-year expectations for iron ore after strong lift in September quarter; copper, petroleum also lift in quarter.

BHP Billiton (BHP) has lifted its full-year iron ore production guidance, after posting a strong lift in production in the September quarter.

In the three months to September 30, BHP produced 48.848 million tonnes of iron ore, a 23% increase on the previous corresponding period.

As a result of the strong first-quarter numbers, BHP increased its guidance for total iron ore production for the 2014 financial year, including Samarco, to 192 million tonnes (BHP Billiton share). 

In its full-year results, BHP said it was expecting total iron ore production for the 2014 financial year to be 188 million tonnes (BHP Billiton share).

In the same period to September 30, copper production lifted 6% from the previous corresponding period to 403 thousand tonnes. 

Production of total petroleum products increased two per cent year-on-year to 62.7 million barrels of oil equivalent (MMboe).

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