BHP says it will focus more on cost cutting after the drop in iron ore prices, but still expects...

|About: BHP Billiton Limited (BHP)|By:, SA News Editor
BHP says it will focus more on cost cutting after the drop in iron ore prices, but still expects to drive production increases at its Pilbara operations in Western Australia. BHP plans to milk as much as possible out of its existing inner harbor, rail line and mines, increasing its capacity in smaller steps without huge capital outlays, while reaching production of 260M tons.