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BHP Billiton (BHP) forecasts a substantial fall in unit costs at its coal operation in...
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Tuesday, January 22, 6:08 PM ETBHP Billiton (BHP) forecasts a substantial fall in unit costs at its coal operation in Australia's Queensland state in H2 FY 2013 after it closed two unprofitable mines and increased productivity at the operation. Met coal production across BHP's mines rose 5% Y/Y in the December quarter, but was down 1% Q/Q. Output of iron ore and oil each was up 3% Y/Y; full-year guidance remains unchanged at 240M boe.
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