Decline in Iron Ore Production
Of the leading iron ore producers, only BHP Billiton reported a quarter-on-quarter increase in production, but all of them saw significantly higher year-on-year output.
BHP Billiton reported a rise in iron ore production of 5 % compared with the December quarter, rising 2,63 Mt to 58,98 Mt, and 20 % on the year-ago quarter. The company has driven production for the first three quarters of fiscal 2015 to a record 172,4 Mt, despite iron ore prices sinking to record lows.
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