Source: The Australian
RESOURCES leader BHP Billiton plans to pull out all stops to meet full-year production guidance for its key profit spinners, iron ore and oil, after weaker-than-expected output in the March quarter.Despite the weaker third quarter, BHP yesterday stood by its previous full-year guidance of 183 million tonnes of iron ore from the Pilbara and 240 million barrels of oil equivalent across its international petroleum operations.
That means a record-breaking June-quarter effort is needed, just as BHP is preparing for the May 10 handover from Marius Kloppers to BHP's new chief executive, Andrew Mackenzie....MORE
