BHP Billiton lowers met coal output guidance for FY2017 due to Debbie

BHP Billiton has downgraded its production guidance for metallurgical coal for the 2017 financial year ending June 30 due to Cyclone Debbie, it said in its latest production report.

It now expects to produce 39-41 million tonnes of steelmaking raw material, compared with 44 million tonnes previously, due to damage to the network infrastructure of rail freight operator Aurizon caused by the cyclone, which hit north-west Australia between late March and early April. This is despite a 2% year-on-year increase...


Sophie Zhao

April 26, 2017

05:16 GMT