MARKETS SPECTATOR: BHP's iron advantage

With shipping costs low and iron ore prices and production higher than expected, BHP Billiton is in a good position to see earnings grow.

Could iron ore lift the gloom surrounding BHP Billiton?

Iron ore accounts for about 65 per cent of sales at BHP. The world’s biggest mining company said its annualised iron ore production rate is now approaching 200 million tonnes compared with a 12-month to June 30 forecast of 183 million tonnes.


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