Wear resistant ceramics for iron ore mining equipment 

BHP Billiton cuts iron ore target by 10M tonnes

World’s largest miner BHP Billiton (ASX:BHP) cut Wednesday its iron ore production target for the year by 10 million tonnes to 260 million tonnes, becoming the second largest miner to do so this week.

The Melbourne, Australia-based company said the guidance revision followed adverse weather over the last quarter and railway maintenance work.

This would be the first time BHP reports an annual drop in seaborne output since it completed its merger with Billiton in 2001.

2016 would be the first year BHP reports a drop in iron ore output since it completed its merger with Billiton in 2001.

The miner, the world’s no. 3 iron ore producer, also trimmed its export guidance for the commodity for the second time in the last three months. It now expects to sell 229 million tonnes of the steelmaking material for the year to June 30, or about four million tonnes less than last year.

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