[miningmx.com] – BHP Billiton posted a 17% increase in first quarter iron ore production and said it would continue to invest in the mineral through ‘judicious’, low-cost debottlenecking.
“With our focus now on maximizing the value of existing infrastructure, we plan to reduce costs and invest judiciously in very low capital cost debottlenecking initiatives,’ CEO Andrew Mackenzie said in the statement.
Production of iron ore, which is used to make steel, was 57.1 million tons for the three months ended September from 49mt a year earlier.
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