BHP Billiton Expands Iron Ore Production By A Fifth

Reuters reported BHP Billiton (NYSE:BHP) says it will expand its iron ore production by a fifth in the next year.

As quoted in the market news:

…just by working its mines, rail lines and port harder as it looks to control costs in a softer iron ore market, the global miner’s iron ore chief said on Wednesday.

Uncertainty over iron ore prices due to stuttering demand for the steelmaking ingredient from China has prompted a rethink of expansion plans by most iron ore miners, including top global iron ore miner Vale.

Click here to read the full Reuters report.