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BHP Billiton (NYSE:BHP) said earlier than expected production from the Jimblebar mine in the Australian Pilbara has raised its 2014 production forecast to 212 million tonnes, Sydney Morning Herald reported.
BHP Billiton (NYSE:BHP) said earlier than expected production from the Jimblebar mine in the Australian Pilbara has raised its 2014 production forecast to 212 million tonnes, Sydney Morning Herald reported.
As quoted in the market news:
BHP’s third-quarter production of iron ore surged 23 per cent year-on-year to 48.8 million tonnes.
‘‘You will continue to see these guys push out more iron ore,’’ said Chris Drew, an analyst in Sydney with Royal Bank of Canada. ‘‘You’ve seen an upgrade to iron ore expectations for the year, which should support earnings.’’