BHP Billiton has released an upbeat production report for the year to 30 June, reporting annual production record across ten of its operations.

 

Key points of the report include:

  • Twelfth consecutive annual production record in iron ore as Western Australia Iron Ore shipments rose to an annualised rate of 179 million tonnes in the June 2012 quarter (100% basis).
  • Record annual metallurgical coal production achieved at Illawarra Coal. Queensland Coal production remained constrained as a result of industrial action and heavy rainfall.
  •  The successful integration and further development of Onshore US shale liquids and gas assets contributed to a 40% increase in petroleum production in the 2012 financial year.
  • An 11% increase in copper production in the June 2012 quarter established strong momentum in the Base Metals business.

 

The full report is available here.

http://www.bhpbilliton.com/home/investors/news/Pages/Articles/BHP-Billiton-Production-Report-for-the-Year-Ended-30-June-2012.aspx