Vladimír Urbánek (Kurzy.cz)
World markets  |  October 17, 2012 09:31:02

Mining and BHP Billiton in 3Q stagnated at the level of the previous quarter


BHP Billiton in 3Q2012 extracted 39.8 million tons of iron ore a year of stagnation and slightly above analysts' expectations (39.2 million t). BHP Billiton seeks to strengthen the production of iron ore in the conditions of low market prices. You mean for many miners with higher mining costs fall below the profitability of big players whose production costs lies at the bottom of the cost curve sector (BHP Billiton unit costs 20-30 USD / t vs. Up to 100 USD / t for some Chinese producers), the because it seeks to increase its market share.Mining of coal and copper in 3Q was more or less according to analysts' expectations, the numbers generally assessed as neutral to slightly positive.
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Těžba BHP Billiton ve 3Q stagnoval na úrovni předešlého čtvrtletí

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