Diversified mining group BHP Billiton on Wednesday cut its iron-ore production expectations for the 2016 financial year by ten-million tonnes, on the back of adverse weather conditions in the Pilbara and the initiation of an accelerated rail network maintenance programme.
The mining company reported that it would produce 260-million tonnes of iron-ore in the financial year to the end of June 2016. The group aims to boost capacity to 290-million tonnes “over time”.
