Diversified mining group BHP Billiton is looking for $600-million in new savings from its coal business, which has already cut costs by $3-billion since 2012, the group reported on Tuesday, as it also increased its metallurgical coal production guidance for the 2016 financial year.
BHP Billiton’s president for the Australian minerals division, Mike Henry, who was briefing investors on the coal business, said that the $600-million in productivity gains would be achieved by the end of the 2017 financial year.
