BHP Billiton, the world's biggest mining company, has no plans to change its iron ore production target, chief financial officer Alex Vanselow said on Wednesday.
The group still expects to produce 130 million tonnes of ore at its Western Australia facilities in the 2009 financial year.
The company announced that production was 29.4 million metric tons in the three months ended Dec. 31, from 27.7 million tons a year earlier. However, this was down 2 percent from the 29.8 million tons mined in the September quarter.
The company says there won’t be any job or output cuts at the iron ore unit although some long-term contract customers have asked to defer deliveries of iron ore and coking coal.
Source: Reuters, Bloomberg
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